SHREE CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 77.1%

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SHREE CEMENT Announces Quarterly Results (2QFY21); Net Profit Up 77.1%
Thu, 26 Nov

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-19*
3
Jun-20*
3
Sep-20*
QoQ ChangeYoY Change
Net SalesRs m28,01723,25830,22429.9%7.9%
Other incomeRs m5781,2441,024-17.7%77.3%
TurnoverRs m28,59524,50231,24827.5%9.3%
ExpensesRs m19,57616,25220,34425.2%3.9%
Gross profitRs m8,4427,0069,88041.0%17.0%
DepreciationRs m4,2832,7142,7862.7%-34.9%
InterestRs m717706627-11.1%-12.5%
Profit before taxRs m4,0184,8317,49055.0%86.4%
TaxRs m9281,1232,01879.6%117.5%
Profit after taxRs m3,0913,7085,47347.6%77.1%
Gross profit margin%30.130.132.7
Effective tax rate%23.123.326.9
Net profit margin%10.815.117.5
* 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 grew 7.9% on a year-on-year (YoY) basis. The expenses were up by 3.9% YoY during the same period.
  • The company's operating profit increased by 17.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.7% in 2QFY21 as against 30.1% in 2QFY20.
  • Depreciation charges declined by 34.9% and finance costs declined by 12.5% YoY, respectively.
  • Other income increased by 77.3% YoY during the quarter.
  • Net profit for the quarter increased by 77.1% YoY. Net profit margins during the quarter increased from 10.8% in 2QFY20 to 17.5% in 2QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 29.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 25.2% QoQ during the same period.
  • The company's operating profit increased by 41.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.7% in 2QFY21 as against 30.1% in 1QFY20.
  • Net profit for the quarter increased by 47.6% QoQ, while net profit margins increased from 15.1% in 1QFY20 to 17.5% in 2QFY21.

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

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SHREE CEMENT Share Price Performance

Over the last one year, SHREE CEMENT share price has moved up from Rs 21,046.6 to Rs 23,865.1, registering a Gain of Rs 2,818.5 or around 13.4%.

Overall, the S&P BSE SENSEX is up 7.0% over the year.

Current Valuations

At the current price of Rs 23,865.1, the price to earnings (P/E) ratio of SHREE CEMENT stands at 45.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.6 times.

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Related Views on News

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

Sep 23, 2020 | Updated on Sep 23, 2020

For the quarter ended June 2020, SHREE CEMENT has posted a net profit of Rs 4 bn (up 2.1% YoY). Sales on the other hand came in at Rs 23 bn (down 23.4% YoY). Read on for a complete analysis of SHREE CEMENT's quarterly results.

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 2018-19 Annual Report Analysis (Annual Result Update)

Jul 19, 2019 | Updated on Jul 19, 2019

Here's an analysis of the annual report of SHREE CEMENT for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of SHREE CEMENT. Also includes updates on the valuation of SHREE CEMENT.

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