THE RAMCO CEMENTS Announces Quarterly Results (2QFY20); Net Profit Up 46.9%

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THE RAMCO CEMENTS Announces Quarterly Results (2QFY20); Net Profit Up 46.9%
Tue, 5 Nov

THE RAMCO CEMENTS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m11,83513,83913,167-4.9%11.2%
Other incomeRs m59829213.0%56.0%
TurnoverRs m11,89513,92113,259-4.8%11.5%
ExpensesRs m9,36410,24610,215-0.3%9.1%
Gross profitRs m2,4723,5932,952-17.8%19.4%
DepreciationRs m7287587651.0%5.1%
InterestRs m1311351478.9%12.3%
Profit before taxRs m1,6712,7822,132-23.4%27.5%
TaxRs m527862450-47.8%-14.5%
Profit after taxRs m1,1451,9201,682-12.4%46.9%
Gross profit margin%20.926.022.4
Effective tax rate%31.531.021.1
Net profit margin%9.613.812.7
* 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 11.2% on a year-on-year (YoY) basis. The expenses were up by 9.1% YoY during the same period.
  • The company's operating profit increased by 19.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.4% in 2QFY20 as against 20.9% in 2QFY19.
  • Depreciation charges increased by 5.1% and finance costs increased by 12.3% YoY, respectively.
  • Other income increased by 56.0% YoY during the quarter.
  • Net profit for the quarter increased by 46.9% YoY. Net profit margins during the quarter increased from 9.6% in 2QFY19 to 12.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.3% QoQ during the same period.
  • The company's operating profit declined by 17.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 22.4% in 2QFY20 as against 26.0% in 1QFY19.
  • Net profit for the quarter declined by 12.4% QoQ, while net profit margins declined from 13.8% in 1QFY19 to 12.7% in 2QFY20.

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

Today at 5pm: Get the details of India's #1 defence stock

THE RAMCO CEMENTS Share Price Performance

Over the last one year,THE RAMCO CEMENTS share price has moved up from Rs 633.5 to Rs 804.0, registering a Gain of Rs 170.5 or around 26.9%.

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 804.0, 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 4.2 times.

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Related Views on News

THE RAMCO CEMENTS Announces Quarterly Results (3QFY20); Net Profit Down 5.5% (Quarterly Result Update)

Jan 30, 2020 | Updated on Jan 30, 2020

For the quarter ended December 2019, THE RAMCO CEMENTS has posted a net profit of Rs 956 m (down 5.5% YoY). Sales on the other hand came in at Rs 13 bn (up 5.9% YoY). Read on for a complete analysis of THE RAMCO CEMENTS's quarterly results.

THE RAMCO CEMENTS 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of THE RAMCO CEMENTS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of THE RAMCO CEMENTS. Also includes updates on the valuation of THE RAMCO CEMENTS.

THE RAMCO CEMENTS Announces Quarterly Results (1QFY20); Net Profit Up 53.6% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, THE RAMCO CEMENTS has posted a net profit of Rs 2 bn (up 53.6% YoY). Sales on the other hand came in at Rs 14 bn (up 13.4% YoY). Read on for a complete analysis of THE RAMCO CEMENTS's quarterly results.

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Oct 22, 2020 02:40 PM

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