PRISM CEMENT Announces Quarterly Results (1QFY19); Net Profit Up 320.6%

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PRISM CEMENT Announces Quarterly Results (1QFY19); Net Profit Up 320.6%
Tue, 31 Jul

PRISM CEMENT has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PRISM CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m14,35916,08114,977-6.9%4.3%
Other incomeRs m30510532-69.6%-89.6%
TurnoverRs m14,66316,18515,009-7.3%2.4%
ExpensesRs m13,57414,44413,168-8.8%-3.0%
Gross profitRs m7851,6371,80910.5%130.6%
DepreciationRs m380389376-3.3%-0.9%
InterestRs m469453448-1.0%-4.6%
Profit before taxRs m2419001,01713.0%322.5%
TaxRs m7427331515.5%326.7%
Profit after taxRs m16762770211.9%320.6%
Gross profit margin%5.510.212.1
Effective tax rate%30.730.331.0
Net profit margin%1.13.94.7
* 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 4.3% on a year-on-year (YoY) basis. The expenses were down by 3.0% YoY during the same period.
  • The company's operating profit increased by 130.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 1QFY19 as against 5.5% in 1QFY18.
  • Depreciation charges and finance costs declined by 0.9% YoY and 4.6% YoY, respectively.
  • Other income declined by 89.6% YoY during the quarter.
  • Net profit for the quarter increased by 320.6% YoY. Net profit margins during the quarter increased from 1.1% in 1QFY18 to 4.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.8% QoQ during the same period.
  • The company's operating profit increased by 10.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 1QFY19 as against 10.2% in 4QFY18.
  • Net profit for the quarter increased by 11.9% QoQ, while net profit margins increased from 3.9% in 4QFY18 to 4.7% in 1QFY19.

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

PRISM CEMENT Share Price Performance

Over the last one year, PRISM CEMENT share price has moved up from Rs 119.8 to Rs 113.5, registering a Loss of Rs 6.3 or around 5.2%.

Overall, the S&P BSE SENSEX is down 0.3% over the year.

Current Valuations

At the current price of Rs 113.5, the price to earnings (P/E) ratio of PRISM CEMENT stands at 46.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 times.

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