INDIA CEMENTS Announces Quarterly Results (3QFY19); Net Profit Down 79.5%

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INDIA CEMENTS Announces Quarterly Results (3QFY19); Net Profit Down 79.5%
Fri, 15 Feb

INDIA CEMENTS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

INDIA CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m12,13113,87113,163-5.1%8.5%
Other incomeRs m37384312.7%16.3%
TurnoverRs m12,16813,90813,206-5.1%8.5%
ExpensesRs m10,45812,32311,815-4.1%13.0%
Gross profitRs m1,6731,5481,349-12.9%-19.4%
DepreciationRs m6336176322.4%-0.2%
InterestRs m924954728-23.7%-21.2%
Profit before taxRs m1521431118.9%-79.5%
TaxRs m0000.0%0.0%
Profit after taxRs m1521431118.9%-79.5%
Gross profit margin%13.811.210.2
Effective tax rate%0.00.00.0
Net profit margin%1.30.10.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 8.5% on a year-on-year (YoY) basis. The expenses were up by 13.0% YoY during the same period.
  • The company's operating profit declined by 19.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY19 as against 13.8% in 3QFY18.
  • Depreciation charges declined by 0.2% and finance costs declined by 21.2% YoY, respectively.
  • Other income increased by 16.3% YoY during the quarter.
  • Net profit for the quarter declined by 79.5% YoY. Net profit margins during the quarter declined from 1.3% in 3QFY18 to 0.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.1% QoQ during the same period.
  • The company's operating profit declined by 12.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.2% in 3QFY19 as against 11.2% in 2QFY18.
  • Net profit for the quarter increased by 118.9% QoQ, while net profit margins increased from 0.1% in 2QFY18 to 0.2% in 3QFY19.

To see how INDIA CEMENTS has performed over the last eight quarters, please visit here.

INDIA CEMENTS Share Price Performance

Over the last one year, INDIA CEMENTS share price has moved up from Rs 155.8 to Rs 82.0, registering a Loss of Rs 73.8 or around 47.4%.

Overall, the S&P BSE SENSEX is up 4.4% over the year.

Current Valuations

At the current price of Rs 82.0, the price to earnings (P/E) ratio of INDIA CEMENTS stands at 41.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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INDIA CEMENTS Announces Quarterly Results (1QFY20); Net Profit Up 243.4% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, INDIA CEMENTS has posted a net profit of Rs 722 m (up 243.4% YoY). Sales on the other hand came in at Rs 15 bn (up 7.9% YoY). Read on for a complete analysis of INDIA CEMENTS's quarterly results.

INDIA CEMENTS Announces Quarterly Results (4QFY19); Net Profit Up 24.3% (Quarterly Result Update)

May 27, 2019 | Updated on May 27, 2019

For the quarter ended March 2019, INDIA CEMENTS has posted a net profit of Rs 438 m (up 24.3% YoY). Sales on the other hand came in at Rs 16 bn (up 11.9% YoY). Read on for a complete analysis of INDIA CEMENTS's quarterly results.

INDIA CEMENTS 2017-18 Annual Report Analysis (Annual Result Update)

Dec 19, 2018 | Updated on Dec 19, 2018

Here's an analysis of the annual report of INDIA CEMENTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of INDIA CEMENTS. Also includes updates on the valuation of INDIA CEMENTS.

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