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.

Find Out: The Hidden Opportunity in EV 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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THE RAMCO CEMENTS Announces Quarterly Results (3QFY20); Net Profit Down 5.5% (Quarterly Result Update)

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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.

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Jan 28, 2022 (Close)

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