HEIDELBERG CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 16.1%

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HEIDELBERG CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 16.1%
Wed, 6 Nov

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

HEIDELBERG CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,8595,8925,222-11.4%7.5%
Other incomeRs m621181255.3%101.6%
TurnoverRs m4,9206,0115,346-11.1%8.7%
ExpensesRs m3,6934,3163,994-7.5%8.1%
Gross profitRs m1,1661,5771,228-22.1%5.3%
DepreciationRs m255279265-5.0%3.9%
InterestRs m199198188-5.0%-5.3%
Profit before taxRs m7741,218900-26.1%16.3%
TaxRs m273428318-25.6%16.5%
Profit after taxRs m501790582-26.4%16.1%
Gross profit margin%24.026.823.5
Effective tax rate%35.335.135.4
Net profit margin%10.213.110.9
* 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 7.5% on a year-on-year (YoY) basis. The expenses were up by 8.1% YoY during the same period.
  • The company's operating profit increased by 5.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 23.5% in 2QFY20.
  • Depreciation charges increased by 3.9% and finance costs declined by 5.3% YoY, respectively.
  • Other income increased by 101.6% YoY during the quarter.
  • Net profit for the quarter increased by 16.1% YoY. Net profit margins during the quarter increased from 10.2% in 2QFY19 to 10.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.5% QoQ during the same period.
  • The company's operating profit declined by 22.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 23.5% in 2QFY20 as against 26.8% in 1QFY19.
  • Net profit for the quarter declined by 26.4% QoQ, while net profit margins declined from 13.1% in 1QFY19 to 10.9% in 2QFY20.

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

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HEIDELBERG CEMENT Share Price Performance

Over the last one year,HEIDELBERG CEMENT share price has moved up from Rs 147.6 to Rs 199.6, registering a Gain of Rs 52.0 or around 35.2%.

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 199.6, the price to earnings (P/E) ratio of HEIDELBERG CEMENT stands at 17.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.9 times.

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