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

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THE RAMCO CEMENTS Announces Quarterly Results (3QFY20); Net Profit Down 5.5%
Thu, 30 Jan

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

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m12,10413,16712,821-2.6%5.9%
Other incomeRs m669279-14.5%20.1%
TurnoverRs m12,17013,25912,900-2.7%6.0%
ExpensesRs m9,96510,21510,7755.5%8.1%
Gross profitRs m2,1402,9522,048-30.6%-4.3%
DepreciationRs m7567658004.5%5.9%
InterestRs m13514721646.9%60.5%
Profit before taxRs m1,3152,1321,111-47.9%-15.5%
TaxRs m304450155-65.6%-49.1%
Profit after taxRs m1,0111,682956-43.2%-5.5%
Gross profit margin%17.722.416.0
Effective tax rate%23.121.113.9
Net profit margin%8.312.77.4
* 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 5.9% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
  • The company's operating profit declined by 4.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.0% in 3QFY20 as against 17.7% in 3QFY19.
  • Depreciation charges increased by 5.9% and finance costs increased by 60.5% YoY, respectively.
  • Other income increased by 20.1% YoY during the quarter.
  • Net profit for the quarter declined by 5.5% YoY. Net profit margins during the quarter declined from 8.3% in 3QFY19 to 7.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.5% QoQ during the same period.
  • The company's operating profit declined by 30.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.0% in 3QFY20 as against 22.4% in 2QFY19.
  • Net profit for the quarter declined by 43.2% QoQ, while net profit margins declined from 12.7% in 2QFY19 to 7.4% in 3QFY20.

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

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THE RAMCO CEMENTS Share Price Performance

Over the last one year,THE RAMCO CEMENTS share price has moved up from Rs 591.6 to Rs 789.3, registering a Gain of Rs 197.7 or around 33.4%.

Overall, the S&P BSE SENSEX is up 15.2% over the year.

Current Valuations

At the current price of Rs 789.3, 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 4.1 times.

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