HEIDELBERG CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 7.3%

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HEIDELBERG CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 7.3%
Tue, 27 Oct

HEIDELBERG CEMENT has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:

HEIDELBERG CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m5,2224,0775,13826.0%-1.6%
Other incomeRs m125981013.6%-18.7%
TurnoverRs m5,3464,1755,23925.5%-2.0%
ExpensesRs m3,9942,9943,87829.5%-2.9%
Gross profitRs m1,2281,0831,26016.3%2.6%
DepreciationRs m2652762811.7%6.2%
InterestRs m188160133-16.6%-29.2%
Profit before taxRs m90074594727.1%5.2%
TaxRs m31825632326.2%1.3%
Profit after taxRs m58248962427.5%7.3%
Gross profit margin%23.526.624.5
Effective tax rate%35.434.334.1
Net profit margin%10.911.711.9
* 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 fell 1.6% on a year-on-year (YoY) basis. The expenses were down by 2.9% YoY during the same period.
  • The company's operating profit increased by 2.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.5% in 2QFY21 as against 23.5% in 2QFY20.
  • Depreciation charges increased by 6.2% and finance costs declined by 29.2% YoY, respectively.
  • Other income declined by 18.7% YoY during the quarter.
  • Net profit for the quarter increased by 7.3% YoY. Net profit margins during the quarter increased from 10.9% in 2QFY20 to 11.9% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 29.5% QoQ during the same period.
  • The company's operating profit increased by 16.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.5% in 2QFY21 as against 26.6% in 1QFY20.
  • Net profit for the quarter increased by 27.5% QoQ, while net profit margins increased from 11.7% in 1QFY20 to 11.9% in 2QFY21.

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

Discover: India's #1 Defence Stock

HEIDELBERG CEMENT Share Price Performance

Over the last one year, HEIDELBERG CEMENT share price has moved down from Rs 186.8 to Rs 186.1, registering a Loss of Rs 0.7 or around 0.4%.

Overall, the S&P BSE SENSEX is up 3.2% over the year.

Current Valuations

At the current price of Rs 186.1, the price to earnings (P/E) ratio of HEIDELBERG CEMENT stands at 17.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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For the quarter ended March 2020, HEIDELBERG CEMENT has posted a net profit of Rs 663 m (up 8.9% YoY). Sales on the other hand came in at Rs 5 bn (down 6.2% YoY). Read on for a complete analysis of HEIDELBERG CEMENT's quarterly results.

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