SHREE CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 102.0%

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SHREE CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 102.0%
Mon, 1 Feb

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m28,48330,22433,0949.5%16.2%
Other incomeRs m6491,0241,0684.3%64.5%
TurnoverRs m29,13331,24834,1629.3%17.3%
ExpensesRs m19,99020,34422,2059.1%11.1%
Gross profitRs m8,4939,88010,89010.2%28.2%
DepreciationRs m4,3222,7862,9064.3%-32.8%
InterestRs m741627585-6.7%-21.1%
Profit before taxRs m4,0797,4908,46613.0%107.5%
TaxRs m9802,0182,2049.2%124.9%
Profit after taxRs m3,1005,4736,26214.4%102.0%
Gross profit margin%29.832.732.9
Effective tax rate%24.026.926.0
Net profit margin%10.617.518.3
* 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 16.2% on a year-on-year (YoY) basis. The expenses were up by 11.1% YoY during the same period.
  • The company's operating profit increased by 28.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.9% in 3QFY21 as against 29.8% in 3QFY20.
  • Depreciation charges declined by 32.8% and finance costs declined by 21.1% YoY, respectively.
  • Other income increased by 64.5% YoY during the quarter.
  • Net profit for the quarter increased by 102.0% YoY. Net profit margins during the quarter increased from 10.6% in 3QFY20 to 18.3% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 9.1% QoQ during the same period.
  • The company's operating profit increased by 10.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 32.9% in 3QFY21 as against 32.7% in 2QFY20.
  • Net profit for the quarter increased by 14.4% QoQ, while net profit margins increased from 17.5% in 2QFY20 to 18.3% in 3QFY21.

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 22,460.6 to Rs 24,542.1, registering a Gain of Rs 2,081.5 or around 9.3%.

Overall, the S&P BSE SENSEX is up 18.5% over the year.

Current Valuations

At the current price of Rs 24,542.1, the price to earnings (P/E) ratio of SHREE CEMENT stands at 40.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.8 times.

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

Nov 26, 2020 | Updated on Nov 26, 2020

For the quarter ended September 2020, SHREE CEMENT has posted a net profit of Rs 5 bn (up 77.1% YoY). Sales on the other hand came in at Rs 30 bn (up 7.9% YoY). Read on for a complete analysis of SHREE CEMENT's quarterly results.

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

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