MANGALAM CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 316.8%

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MANGALAM CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 316.8%
Wed, 7 Aug

MANGALAM CEMENT has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

MANGALAM CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m2,5423,1813,3324.7%31.1%
Other incomeRs m5112081-32.3%60.3%
TurnoverRs m2,5923,3013,4133.4%31.6%
ExpensesRs m2,4972,9842,652-11.1%6.2%
Gross profitRs m45197680245.3%1400.0%
DepreciationRs m1141141140.3%0.0%
InterestRs m121181139-23.1%14.4%
Profit before taxRs m-140225082179.9%
TaxRs m1361763069.1%1214.1%
Profit after taxRs m-153173321885.4%
Gross profit margin%1.86.220.4
Effective tax rate%-9.624.934.6
Net profit margin%-5.90.59.7
* 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 31.1% on a year-on-year (YoY) basis. The expenses were up by 6.2% YoY during the same period.
  • The company's operating profit increased by 1400.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 1QFY20 as against 1.8% in 1QFY19.
  • Depreciation charges increased by 0.0% and finance costs increased by 14.4% YoY, respectively.
  • Other income increased by 60.3% YoY during the quarter.
  • Net profit for the quarter increased by 316.8% YoY. Net profit margins during the quarter increased from -5.9% in 1QFY19 to 9.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.1% QoQ during the same period.
  • The company's operating profit increased by 245.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.4% in 1QFY20 as against 6.2% in 4QFY19.
  • Net profit for the quarter increased by 1885.4% QoQ, while net profit margins increased from 0.5% in 4QFY19 to 9.7% in 1QFY20.

To see how MANGALAM CEMENT has performed over the last eight quarters,please visit here.

MANGALAM CEMENT Share Price Performance

Over the last one year,MANGALAM CEMENT share price has moved up from Rs 232.2 to Rs 265.0, registering a Gain of Rs 32.8 or around 14.1%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 265.0, the price to earnings (P/E) ratio of MANGALAM CEMENT stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.4 times.

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