THE RAMCO CEMENTS Announces Quarterly Results (2QFY21); Net Profit Up 42.1%

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THE RAMCO CEMENTS Announces Quarterly Results (2QFY21); Net Profit Up 42.1%
Wed, 4 Nov

THE RAMCO CEMENTS has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m13,16710,47512,65920.8%-3.9%
Other incomeRs m929376-17.9%-17.5%
TurnoverRs m13,25910,56812,73520.5%-4.0%
ExpensesRs m10,2157,8468,1864.3%-19.9%
Gross profitRs m2,9522,6294,47370.1%51.5%
DepreciationRs m7658488581.2%12.0%
InterestRs m147299265-11.4%80.0%
Profit before taxRs m2,1321,5753,426117.5%60.7%
TaxRs m4504661,037122.6%130.4%
Profit after taxRs m1,6821,1092,389115.4%42.1%
Gross profit margin%22.425.135.3
Effective tax rate%21.129.630.3
Net profit margin%12.710.518.8
* 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 fell 3.9% on a year-on-year (YoY) basis. The expenses were down by 19.9% YoY during the same period.
  • The company's operating profit increased by 51.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.3% in 2QFY21 as against 22.4% in 2QFY20.
  • Depreciation charges increased by 12.0% and finance costs increased by 80.0% YoY, respectively.
  • Other income declined by 17.5% YoY during the quarter.
  • Net profit for the quarter increased by 42.1% YoY. Net profit margins during the quarter increased from 12.7% in 2QFY20 to 18.8% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 20.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.3% QoQ during the same period.
  • The company's operating profit increased by 70.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 35.3% in 2QFY21 as against 25.1% in 1QFY20.
  • Net profit for the quarter increased by 115.4% QoQ, while net profit margins increased from 10.5% in 1QFY20 to 18.8% in 2QFY21.

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

Get Details: We are Bullish on These 3 Little-known Stocks

THE RAMCO CEMENTS Share Price Performance

Over the last one year, THE RAMCO CEMENTS share price has moved up from Rs 804.8 to Rs 825.9, registering a Gain of Rs 21.1 or around 2.6%.

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

Current Valuations

At the current price of Rs 825.9, the price to earnings (P/E) ratio of THE RAMCO CEMENTS stands at 33.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.3 times.

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