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

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THE RAMCO CEMENTS Announces Quarterly Results (3QFY19); Net Profit Down 17.7%
Wed, 30 Jan

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

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m10,56411,83512,1042.3%14.6%
Other incomeRs m52596611.0%27.1%
TurnoverRs m10,61511,89512,1702.3%14.6%
ExpensesRs m8,2119,3649,9656.4%21.4%
Gross profitRs m2,3532,4722,140-13.4%-9.1%
DepreciationRs m7307287563.8%3.6%
InterestRs m1601311352.7%-15.9%
Profit before taxRs m1,5151,6711,315-21.3%-13.2%
TaxRs m287527304-42.2%6.0%
Profit after taxRs m1,2271,1451,011-11.7%-17.7%
Gross profit margin%22.320.917.7
Effective tax rate%19.031.523.1
Net profit margin%11.69.68.3
* 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 14.6% on a year-on-year (YoY) basis. The expenses were up by 21.4% YoY during the same period.
  • The company's operating profit declined by 9.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.7% in 3QFY19 as against 22.3% in 3QFY18.
  • Depreciation charges increased by 3.6% and finance costs declined by 15.9% YoY, respectively.
  • Other income increased by 27.1% YoY during the quarter.
  • Net profit for the quarter declined by 17.7% YoY. Net profit margins during the quarter declined from 11.6% in 3QFY18 to 8.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 6.4% QoQ during the same period.
  • The company's operating profit declined by 13.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.7% in 3QFY19 as against 20.9% in 2QFY18.
  • Net profit for the quarter declined by 11.7% QoQ, while net profit margins declined from 9.6% in 2QFY18 to 8.3% in 3QFY19.

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 765.8 to Rs 570.1, registering a Loss of Rs 195.7 or around 25.6%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 570.1, the price to earnings (P/E) ratio of THE RAMCO CEMENTS stands at 30.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.3 times.

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

Nov 5, 2019 | Updated on Nov 5, 2019

For the quarter ended September 2019, THE RAMCO CEMENTS has posted a net profit of Rs 2 bn (up 46.9% YoY). Sales on the other hand came in at Rs 13 bn (up 11.2% 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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