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

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THE RAMCO CEMENTS Announces Quarterly Results (2QFY19); Net Profit Down 32.1%
Tue, 6 Nov

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

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m10,66412,19911,835-3.0%11.0%
Other incomeRs m72495920.1%-18.3%
TurnoverRs m10,73712,24811,895-2.9%10.8%
ExpensesRs m7,6499,6969,364-3.4%22.4%
Gross profitRs m3,0152,5032,472-1.3%-18.0%
DepreciationRs m718735728-0.9%1.4%
InterestRs m17311413114.7%-24.0%
Profit before taxRs m2,1971,7031,671-1.9%-23.9%
TaxRs m51245352716.2%2.9%
Profit after taxRs m1,6851,2501,145-8.4%-32.1%
Gross profit margin%28.320.520.9
Effective tax rate%23.326.631.5
Net profit margin%15.710.29.6
* 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 11.0% on a year-on-year (YoY) basis. The expenses were up by 22.4% YoY during the same period.
  • The company's operating profit declined by 18.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.9% in 2QFY19 as against 28.3% in 2QFY18.
  • Depreciation charges increased by 1.4% and finance costs declined by 24.0% YoY, respectively.
  • Other income declined by 18.3% YoY during the quarter.
  • Net profit for the quarter declined by 32.1% YoY. Net profit margins during the quarter declined from 15.7% in 2QFY18 to 9.6% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.4% QoQ during the same period.
  • The company's operating profit increased by 1.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.9% in 2QFY19 as against 20.5% in 1QFY18.
  • Net profit for the quarter declined by 8.4% QoQ, while net profit margins declined from 10.2% in 1QFY18 to 9.6% in 2QFY19.

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 731.2 to Rs 629.1, registering a Loss of Rs 102.1 or around 14.0%.

Overall, the S&P BSE SENSEX is up 3.6% over the year.

Current Valuations

At the current price of Rs 629.1, the price to earnings (P/E) ratio of THE RAMCO CEMENTS stands at 31.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 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 (1QFY19); Net Profit Down 19.8% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, THE RAMCO CEMENTS has posted a net profit of Rs 1 bn (down 19.8% YoY). Sales on the other hand came in at Rs 12 bn (up 2.6% YoY). Read on for a complete analysis of THE RAMCO CEMENTS's quarterly results.

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