SHREE CEMENT Announces Quarterly Results (1QFY21); Net Profit Up 2.1%

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SHREE CEMENT Announces Quarterly Results (1QFY21); Net Profit Up 2.1%
Wed, 23 Sep

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m30,36432,17523,258-27.7%-23.4%
Other incomeRs m5119781,24427.3%143.3%
TurnoverRs m30,87633,15324,502-26.1%-20.6%
ExpensesRs m21,34221,38716,252-24.0%-23.9%
Gross profitRs m9,02210,7897,006-35.1%-22.3%
DepreciationRs m4,0274,3622,714-37.8%-32.6%
InterestRs m680726706-2.8%3.7%
Profit before taxRs m4,8266,6784,831-27.7%0.1%
TaxRs m1,1967971,12341.0%-6.1%
Profit after taxRs m3,6305,8823,708-37.0%2.1%
Gross profit margin%29.733.530.1
Effective tax rate%24.811.923.3
Net profit margin%11.817.715.1
* 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 23.4% on a year-on-year (YoY) basis. The expenses were down by 23.9% YoY during the same period.
  • The company's operating profit declined by 22.3% YoY during the quarter. Consequently, operating profit margins remained same and stood at 30.1% in 1QFY21.
  • Depreciation charges declined by 32.6% and finance costs increased by 3.7% YoY, respectively.
  • Other income increased by 143.3% YoY during the quarter.
  • Net profit for the quarter increased by 2.1% YoY. Net profit margins during the quarter increased from 11.8% in 1QFY20 to 15.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 27.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.0% QoQ during the same period.
  • The company's operating profit declined by 35.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 30.1% in 1QFY21 as against 33.5% in 4QFY20.
  • Net profit for the quarter declined by 37.0% QoQ, while net profit margins declined from 17.7% in 4QFY20 to 15.1% in 1QFY21.

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

Tomorrow at 5pm: Get the details of India's #1 defence stock

SHREE CEMENT Share Price Performance

Over the last one year, SHREE CEMENT share price has moved down from Rs 19,896.4 to Rs 18,625.0, registering a Loss of Rs 1,271.4 or around 6.4%.

Overall, the S&P BSE SENSEX is down 4.4% over the year.

Current Valuations

At the current price of Rs 18,625.0, the price to earnings (P/E) ratio of SHREE CEMENT stands at 41.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.7 times.

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SHREE CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 2.9% (Quarterly Result Update)

Feb 19, 2020 | Updated on Feb 19, 2020

For the quarter ended December 2019, SHREE CEMENT has posted a net profit of Rs 3 bn (up 2.9% YoY). Sales on the other hand came in at Rs 28 bn (up 2.4% YoY). Read on for a complete analysis of SHREE CEMENT's quarterly results.

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, SHREE CEMENT has posted a net profit of Rs 4 bn (up 29.9% YoY). Sales on the other hand came in at Rs 30 bn (down 1.1% YoY). Read on for a complete analysis of SHREE CEMENT's quarterly results.

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Jul 19, 2019 | Updated on Jul 19, 2019

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