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

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MANGALAM CEMENT Announces Quarterly Results (3QFY19); Net Profit Down 71.0%
Mon, 11 Feb

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

MANGALAM CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m2,9202,8793,34916.3%14.7%
Other incomeRs m1123677111.6%-30.9%
TurnoverRs m3,0322,9163,42617.5%13.0%
ExpensesRs m2,8382,7183,22618.7%13.7%
Gross profitRs m82161123-23.8%50.3%
DepreciationRs m1131161170.8%3.4%
InterestRs m11613175-42.7%-35.4%
Profit before taxRs m-36-498
TaxRs m-63-810
Profit after taxRs m27318-74.9%-71.0%
Gross profit margin%2.85.63.7
Effective tax rate%175.4163.2-0.3
Net profit margin%0.91.10.2
* 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 14.7% on a year-on-year (YoY) basis. The expenses were up by 13.7% YoY during the same period.
  • The company's operating profit increased by 50.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 3.7% in 3QFY19 as against 2.8% in 3QFY18.
  • Depreciation charges increased by 3.4% and finance costs declined by 35.4% YoY, respectively.
  • Other income declined by 30.9% YoY during the quarter.
  • Net profit for the quarter declined by 71.0% YoY. Net profit margins during the quarter declined from 0.9% in 3QFY18 to 0.2% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 18.7% QoQ during the same period.
  • The company's operating profit declined by 23.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 3.7% in 3QFY19 as against 5.6% in 2QFY18.
  • Net profit for the quarter declined by 74.9% QoQ, while net profit margins declined from 1.1% in 2QFY18 to 0.2% in 3QFY19.

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 373.2 to Rs 210.0, registering a Loss of Rs 163.3 or around 43.7%.

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 210.0, the price to book value (P/BV) ratio of MANGALAM CEMENT stands at 1.1 times.

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For the quarter ended June 2019, MANGALAM CEMENT has posted a net profit of Rs 332 m (up 316.8% YoY). Sales on the other hand came in at Rs 3 bn (up 31.1% YoY). Read on for a complete analysis of MANGALAM CEMENT's quarterly results.

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