THE RAMCO CEMENTS Announces Quarterly Results (4QFY19); Net Profit Up 52.3%

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THE RAMCO CEMENTS Announces Quarterly Results (4QFY19); Net Profit Up 52.3%
Fri, 24 May

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

THE RAMCO CEMENTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m12,54812,10415,32426.6%22.1%
Other incomeRs m1906611168.4%-41.9%
TurnoverRs m12,73812,17015,43526.8%21.2%
ExpensesRs m9,8269,96512,07321.2%22.9%
Gross profitRs m2,7222,1403,25151.9%19.5%
DepreciationRs m7547567671.5%1.7%
InterestRs m105135128-4.8%22.7%
Profit before taxRs m2,0531,3152,46787.6%20.1%
TaxRs m967304813167.2%-15.9%
Profit after taxRs m1,0861,0111,65463.6%52.3%
Gross profit margin%21.717.721.2
Effective tax rate%47.123.133.0
Net profit margin%8.58.310.7
* 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 22.1% on a year-on-year (YoY) basis. The expenses were up by 22.9% YoY during the same period.
  • The company's operating profit increased by 19.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.2% in 4QFY19 as against 21.7% in 4QFY18.
  • Depreciation charges increased by 1.7% and finance costs increased by 22.7% YoY, respectively.
  • Other income declined by 41.9% YoY during the quarter.
  • Net profit for the quarter increased by 52.3% YoY. Net profit margins during the quarter increased from 8.5% in 4QFY18 to 10.7% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.2% QoQ during the same period.
  • The company's operating profit increased by 51.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.2% in 4QFY19 as against 17.7% in 3QFY18.
  • Net profit for the quarter increased by 63.6% QoQ, while net profit margins increased from 8.3% in 3QFY18 to 10.7% in 4QFY19.

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 793.6 to Rs 799.1, registering a Gain of Rs 5.5 or around 0.7%.

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 799.1, the price to earnings (P/E) ratio of THE RAMCO CEMENTS stands at 37.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.6 times.

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Related Views on News

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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