MANGALAM CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 137.1%

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MANGALAM CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 137.1%
Wed, 15 May

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

MANGALAM CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,0423,3493,181-5.0%4.6%
Other incomeRs m607712055.7%100.6%
TurnoverRs m3,1023,4263,301-3.6%6.4%
ExpensesRs m2,9263,2262,984-7.5%2.0%
Gross profitRs m11712319760.7%68.9%
DepreciationRs m114117114-2.3%0.0%
InterestRs m10675181140.9%70.1%
Profit before taxRs m-44822184.8%
TaxRs m106357.9%
Profit after taxRs m-45817113.4%
Gross profit margin%3.83.76.2
Effective tax rate%-2.8-0.324.9
Net profit margin%-1.50.20.5
* 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 4.6% on a year-on-year (YoY) basis. The expenses were up by 2.0% YoY during the same period.
  • The company's operating profit increased by 68.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.2% in 4QFY19 as against 3.8% in 4QFY18.
  • Depreciation charges increased by 0.0% and finance costs increased by 70.1% YoY, respectively.
  • Other income increased by 100.6% YoY during the quarter.
  • Net profit for the quarter increased by 137.1% YoY. Net profit margins during the quarter increased from -1.5% in 4QFY18 to 0.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.5% QoQ during the same period.
  • The company's operating profit increased by 60.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 6.2% in 4QFY19 as against 3.7% in 3QFY18.
  • Net profit for the quarter increased by 113.4% QoQ, while net profit margins increased from 0.2% in 3QFY18 to 0.5% in 4QFY19.

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 295.1 to Rs 251.4, registering a Loss of Rs 43.7 or around 14.8%.

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 251.4, the price to book value (P/BV) ratio of MANGALAM CEMENT stands at 1.3 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.

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

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