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

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SHREE CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 2.9%
Wed, 19 Feb

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m27,80628,01728,4831.7%2.4%
Other incomeRs m55357864912.5%17.4%
TurnoverRs m28,35928,59529,1331.9%2.7%
ExpensesRs m20,70619,57619,9902.1%-3.5%
Gross profitRs m7,1018,4428,4930.6%19.6%
DepreciationRs m3,3614,2834,3220.9%28.6%
InterestRs m5937177413.3%25.0%
Profit before taxRs m3,7004,0184,0791.5%10.3%
TaxRs m6879289805.6%42.7%
Profit after taxRs m3,0133,0913,1000.3%2.9%
Gross profit margin%25.530.129.8
Effective tax rate%18.623.124.0
Net profit margin%10.610.810.6
* 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 2.4% on a year-on-year (YoY) basis. The expenses were down by 3.5% YoY during the same period.
  • The company's operating profit increased by 19.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 29.8% in 3QFY20 as against 25.5% in 3QFY19.
  • Depreciation charges increased by 28.6% and finance costs increased by 25.0% YoY, respectively.
  • Other income increased by 17.4% YoY during the quarter.
  • Net profit for the quarter increased by 2.9% YoY. Net profit margins during the quarter increased from 10.6% in 3QFY19 to 10.6% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit increased by 0.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.8% in 3QFY20 as against 30.1% in 2QFY19.
  • Net profit for the quarter increased by 0.3% QoQ, while net profit margins declined from 10.8% in 2QFY19 to 10.6% in 3QFY20.

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

ACCESS ENDS TONIGHT: Stock Crash 2020 Creates a Potential 10x Opportunity
SHREE CEMENT Share Price Performance

Over the last one year,SHREE CEMENT share price has moved up from Rs 15,344.2 to Rs 24,498.6, registering a Gain of Rs 9,154.4 or around 59.7%.

Overall, the S&P BSE SENSEX is up 16.1% over the year.

Current Valuations

At the current price of Rs 24,498.6, the price to earnings (P/E) ratio of SHREE CEMENT stands at 65.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.8 times.

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Related Views on News

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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