SHREE CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 29.9%

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SHREE CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 29.9%
Tue, 13 Aug

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m30,69932,84930,364-7.6%-1.1%
Other incomeRs m93645151113.4%-45.4%
TurnoverRs m31,63533,30030,876-7.3%-2.4%
ExpensesRs m24,94724,37021,342-12.4%-14.4%
Gross profitRs m5,7528,4789,0226.4%56.8%
DepreciationRs m3,0554,2064,027-4.3%31.8%
InterestRs m562697680-2.4%21.1%
Profit before taxRs m3,0714,0264,82619.9%57.1%
TaxRs m2768171,19646.4%332.6%
Profit after taxRs m2,7953,2103,63013.1%29.9%
Gross profit margin%18.725.829.7
Effective tax rate%9.020.324.8
Net profit margin%8.89.611.8
* 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 1.1% on a year-on-year (YoY) basis. The expenses were down by 14.4% YoY during the same period.
  • The company's operating profit increased by 56.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 1QFY20 as against 18.7% in 1QFY19.
  • Depreciation charges increased by 31.8% and finance costs increased by 21.1% YoY, respectively.
  • Other income declined by 45.4% YoY during the quarter.
  • Net profit for the quarter increased by 29.9% YoY. Net profit margins during the quarter increased from 8.8% in 1QFY19 to 11.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 12.4% QoQ during the same period.
  • The company's operating profit increased by 6.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.7% in 1QFY20 as against 25.8% in 4QFY19.
  • Net profit for the quarter increased by 13.1% QoQ, while net profit margins increased from 9.6% in 4QFY19 to 11.8% in 1QFY20.

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

SHREE CEMENT Share Price Performance

Over the last one year,SHREE CEMENT share price has moved up from Rs 17,158.2 to Rs 19,933.1, registering a Gain of Rs 2,774.9 or around 16.2%.

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 19,933.1, the price to earnings (P/E) ratio of SHREE CEMENT stands at 67.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.2 times.

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