SHREE CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 76.7%

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SHREE CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 76.7%
Wed, 14 Nov

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m21,36830,69925,866-15.7%21.0%
Other incomeRs m995936514-45.1%-48.4%
TurnoverRs m22,36331,63526,380-16.6%18.0%
ExpensesRs m15,76424,94720,669-17.1%31.1%
Gross profitRs m5,6045,7523,416-40.6%-39.0%
DepreciationRs m2,2523,0553,2957.8%46.3%
InterestRs m3805626189.9%62.8%
Profit before taxRs m3,9683,07117-99.4%-99.6%
TaxRs m1,853276-476-272.3%-125.7%
Profit after taxRs m2,1152,795493-82.3%-76.7%
Gross profit margin%26.218.713.2
Effective tax rate%46.79.0-2,784.8
Net profit margin%9.58.81.9
* 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 grew 21.0% on a year-on-year (YoY) basis. The expenses were up by 31.1% YoY during the same period.
  • The company's operating profit declined by 39.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 2QFY19 as against 26.2% in 2QFY18.
  • Depreciation charges increased by 46.3% and finance costs increased by 62.8% YoY, respectively.
  • Other income declined by 48.4% YoY during the quarter.
  • Net profit for the quarter declined by 76.7% YoY. Net profit margins during the quarter declined from 9.5% in 2QFY18 to 1.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 15.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 17.1% QoQ during the same period.
  • The company's operating profit declined by 40.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.2% in 2QFY19 as against 18.7% in 1QFY18.
  • Net profit for the quarter declined by 82.3% QoQ, while net profit margins declined from 8.8% in 1QFY18 to 1.9% in 2QFY19.

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 18,028.9 to Rs 15,289.6, registering a Loss of Rs 2,739.3 or around 15.2%.

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 15,289.6, the price to earnings (P/E) ratio of SHREE CEMENT stands at 50.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.0 times.

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