HEIDELBERG CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 10.3%

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HEIDELBERG CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 10.3%
Mon, 17 Feb

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

HEIDELBERG CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m5,6395,2225,4855.0%-2.7%
Other incomeRs m102125114-8.3%11.7%
TurnoverRs m5,7415,3465,5994.7%-2.5%
ExpensesRs m4,4143,9944,2857.3%-2.9%
Gross profitRs m1,2251,2281,200-2.3%-2.1%
DepreciationRs m2542652681.1%5.5%
InterestRs m1701881900.7%11.8%
Profit before taxRs m904900857-4.8%-5.2%
TaxRs m319318211-33.7%-33.8%
Profit after taxRs m58658264611.1%10.3%
Gross profit margin%21.723.521.9
Effective tax rate%35.235.424.6
Net profit margin%10.210.911.5
* 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 fell 2.7% on a year-on-year (YoY) basis. The expenses were down by 2.9% YoY during the same period.
  • The company's operating profit declined by 2.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 21.9% in 3QFY20.
  • Depreciation charges increased by 5.5% and finance costs increased by 11.8% YoY, respectively.
  • Other income increased by 11.7% YoY during the quarter.
  • Net profit for the quarter increased by 10.3% YoY. Net profit margins during the quarter increased from 10.2% in 3QFY19 to 11.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.3% QoQ during the same period.
  • The company's operating profit declined by 2.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.9% in 3QFY20 as against 23.5% in 2QFY19.
  • Net profit for the quarter increased by 11.1% QoQ, while net profit margins increased from 10.9% in 2QFY19 to 11.5% in 3QFY20.

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 147.1 to Rs 197.3, registering a Gain of Rs 50.2 or around 34.1%.

Overall, the S&P BSE SENSEX is up 14.4% over the year.

Current Valuations

At the current price of Rs 197.3, the price to earnings (P/E) ratio of HEIDELBERG CEMENT stands at 17.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.8 times.

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