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MANGALAM CEMENT Announces Quarterly Results (2QFY19); Net Profit Up 191.9%

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MANGALAM CEMENT Announces Quarterly Results (2QFY19); Net Profit Up 191.9%
Wed, 21 Nov

MANGALAM CEMENT has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

MANGALAM CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m2,3732,5422,87913.3%21.3%
Other incomeRs m265136-28.0%39.5%
TurnoverRs m2,4002,5922,91612.5%21.5%
ExpensesRs m2,1002,4972,7188.9%29.5%
Gross profitRs m27445161254.9%-41.2%
DepreciationRs m1101141161.3%5.8%
InterestRs m1171211317.8%11.7%
Profit before taxRs m73-140-49-167.8%
TaxRs m6213-81-704.4%-229.7%
Profit after taxRs m11-15331191.9%
Gross profit margin%11.51.85.6
Effective tax rate%85.3-9.6163.2
Net profit margin%0.4-5.91.1
* 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 21.3% on a year-on-year (YoY) basis. The expenses were up by 29.5% YoY during the same period.
  • The company's operating profit declined by 41.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 5.6% in 2QFY19 as against 11.5% in 2QFY18.
  • Depreciation charges increased by 5.8% and finance costs increased by 11.7% YoY, respectively.
  • Other income increased by 39.5% YoY during the quarter.
  • Net profit for the quarter increased by 191.9% YoY. Net profit margins during the quarter increased from 0.4% in 2QFY18 to 1.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.9% QoQ during the same period.
  • The company's operating profit increased by 254.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 5.6% in 2QFY19 as against 1.8% in 1QFY18.
  • Net profit for the quarter increased by 120.4% QoQ, while net profit margins increased from -5.9% in 1QFY18 to 1.1% in 2QFY19.

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 358.7 to Rs 224.1, registering a Loss of Rs 134.6 or around 37.5%.

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 224.1, the price to book value (P/BV) ratio of MANGALAM CEMENT stands at 1.2 times.

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For the quarter ended March 2019, MANGALAM CEMENT has posted a net profit of Rs 17 m (up 137.1% YoY). Sales on the other hand came in at Rs 3 bn (up 4.6% YoY). Read on for a complete analysis of MANGALAM CEMENT's quarterly results.

MANGALAM CEMENT Announces Quarterly Results (3QFY19); Net Profit Down 71.0% (Quarterly Result Update)

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For the quarter ended December 2018, MANGALAM CEMENT has posted a net profit of Rs 8 m (down 71.0% YoY). Sales on the other hand came in at Rs 3 bn (up 14.7% YoY). Read on for a complete analysis of MANGALAM CEMENT's quarterly results.

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