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THE RAMCO CEMENTS Announces Quarterly Results (1QFY19); Net Profit Down 19.8%

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THE RAMCO CEMENTS Announces Quarterly Results (1QFY19); Net Profit Down 19.8%
Mon, 6 Aug

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

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m11,88812,54812,199-2.8%2.6%
Other incomeRs m5219049-74.1%-6.1%
TurnoverRs m11,94012,73812,248-3.8%2.6%
ExpensesRs m8,9839,8269,696-1.3%7.9%
Gross profitRs m2,9042,7222,503-8.0%-13.8%
DepreciationRs m720754735-2.6%2.0%
InterestRs m1551051149.4%-26.0%
Profit before taxRs m2,0822,0531,703-17.0%-18.2%
TaxRs m524967453-53.1%-13.5%
Profit after taxRs m1,5581,0861,25015.1%-19.8%
Gross profit margin%24.421.720.5
Effective tax rate%25.247.126.6
Net profit margin%13.08.510.2
* 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 2.6% on a year-on-year (YoY) basis. The expenses were up by 7.9% YoY during the same period.
  • The company's operating profit declined by 13.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.5% in 1QFY19 as against 24.4% in 1QFY18.
  • Depreciation charges and finance costs increased by 2.0% YoY and 26.0% YoY, respectively.
  • Other income declined by 6.1% YoY during the quarter.
  • Net profit for the quarter declined by 19.8% YoY. Net profit margins during the quarter declined from 13.0% in 1QFY18 to 10.2% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.3% QoQ during the same period.
  • The company's operating profit declined by 8.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.5% in 1QFY19 as against 21.7% in 4QFY18.
  • Net profit for the quarter increased by 15.1% QoQ, while net profit margins increased from 8.5% in 4QFY18 to 10.2% in 1QFY19.

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

THE RAMCO CEMENTS Share Price Performance

Over the last one year, THE RAMCO CEMENTS share price has moved up from Rs 686.0 to Rs 673.5, registering a Loss of Rs 12.5 or around 1.8%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 673.5, the price to earnings (P/E) ratio of THE RAMCO CEMENTS stands at 30.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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Related Views on News

THE RAMCO CEMENTS Announces Quarterly Results (3QFY19); Net Profit Down 17.7% (Quarterly Result Update)

Jan 30, 2019 | Updated on Jan 30, 2019

For the quarter ended December 2018, THE RAMCO CEMENTS has posted a net profit of Rs 1 bn (down 17.7% YoY). Sales on the other hand came in at Rs 12 bn (up 14.6% YoY). Read on for a complete analysis of THE RAMCO CEMENTS's quarterly results.

THE RAMCO CEMENTS Announces Quarterly Results (2QFY19); Net Profit Down 32.1% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, THE RAMCO CEMENTS has posted a net profit of Rs 1 bn (down 32.1% YoY). Sales on the other hand came in at Rs 12 bn (up 11.0% YoY). Read on for a complete analysis of THE RAMCO CEMENTS's quarterly results.

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Feb 20, 2019 (Close)

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