SHREE CEMENT Announces Quarterly Results (3QFY19); Net Profit Down 9.6%

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SHREE CEMENT Announces Quarterly Results (3QFY19); Net Profit Down 9.6%
Thu, 24 Jan

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m22,96225,86627,8067.5%21.1%
Other incomeRs m8735145537.7%-36.6%
TurnoverRs m23,83526,38028,3597.5%19.0%
ExpensesRs m17,26620,66920,7060.2%19.9%
Gross profitRs m5,6963,4167,101107.9%24.7%
DepreciationRs m2,1003,2953,3612.0%60.0%
InterestRs m207618593-4.0%185.9%
Profit before taxRs m4,262173,70021535.7%-13.2%
TaxRs m928-476687-26.0%
Profit after taxRs m3,3334933,013510.8%-9.6%
Gross profit margin%24.813.225.5
Effective tax rate%21.8-2,784.818.6
Net profit margin%14.01.910.6
* 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 21.1% on a year-on-year (YoY) basis. The expenses were up by 19.9% YoY during the same period.
  • The company's operating profit increased by 24.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.5% in 3QFY19 as against 24.8% in 3QFY18.
  • Depreciation charges increased by 60.0% and finance costs increased by 185.9% YoY, respectively.
  • Other income declined by 36.6% YoY during the quarter.
  • Net profit for the quarter declined by 9.6% YoY. Net profit margins during the quarter declined from 14.0% in 3QFY18 to 10.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.2% QoQ during the same period.
  • The company's operating profit increased by 107.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.5% in 3QFY19 as against 13.2% in 2QFY18.
  • Net profit for the quarter increased by 510.8% QoQ, while net profit margins increased from 1.9% in 2QFY18 to 10.6% in 3QFY19.

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 18,204.4 to Rs 16,015.2, registering a Loss of Rs 2,189.2 or around 12.0%.

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 16,015.2, the price to earnings (P/E) ratio of SHREE CEMENT stands at 54.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.3 times.

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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.

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.

SHREE CEMENT Announces Quarterly Results (4QFY19); Net Profit Down 19.6% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, SHREE CEMENT has posted a net profit of Rs 3 bn (down 19.6% YoY). Sales on the other hand came in at Rs 33 bn (up 16.9% YoY). Read on for a complete analysis of SHREE CEMENT's quarterly results.

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Jan 24, 2020 (Close)

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