HEIDELBERG CEMENT Announces Quarterly Results (1QFY22); Net Profit Up 40.3%

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HEIDELBERG CEMENT Announces Quarterly Results (1QFY22); Net Profit Up 40.3%
Mon, 26 Jul

HEIDELBERG CEMENT has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

HEIDELBERG CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m4,0776,0005,559-7.3%36.4%
Other incomeRs m98148105-28.8%7.5%
TurnoverRs m4,1756,1475,665-7.9%35.7%
ExpensesRs m2,9944,4784,249-5.1%41.9%
Gross profitRs m1,0831,5221,311-13.8%21.0%
DepreciationRs m2762752760.4%-0.2%
InterestRs m1609210211.3%-36.3%
Profit before taxRs m7451,3031,039-20.3%39.4%
TaxRs m256-9735237.8%
Profit after taxRs m4891,400687-51.0%40.3%
Gross profit margin%26.625.423.6
Effective tax rate%34.3-7.433.9
Net profit margin%11.722.812.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 36.4% on a year-on-year (YoY) basis. The expenses were up by 41.9% YoY during the same period.
  • The company's operating profit increased by 21.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.6% in 1QFY22 as against 26.6% in 1QFY21.
  • Depreciation charges declined by 0.2% and finance costs declined by 36.3% YoY, respectively.
  • Other income increased by 7.5% YoY during the quarter.
  • Net profit for the quarter increased by 40.3% YoY. Net profit margins during the quarter increased from 11.7% in 1QFY21 to 12.1% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.1% QoQ during the same period.
  • The company's operating profit declined by 13.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.6% in 1QFY22 as against 25.4% in 4QFY21.
  • Net profit for the quarter declined by 51.0% QoQ, while net profit margins declined from 22.8% in 4QFY21 to 12.1% in 1QFY22.

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

Check Out: Why Millions of Dollars are Getting Pumped into this Sector?

HEIDELBERG CEMENT Share Price Performance

Over the last one year, HEIDELBERG CEMENT share price has moved up from Rs 173.2 to Rs 261.6, registering a Gain of Rs 88.4 or around 51.0%.

Overall, the S&P BSE SENSEX is up 39.6% over the year.

Current Valuations

At the current price of Rs 261.6, the price to earnings (P/E) ratio of HEIDELBERG CEMENT stands at 17.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.5 times.

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Dec 2, 2021 02:51 PM

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