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

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SHREE CEMENT Announces Quarterly Results (4QFY19); Net Profit Down 19.6%
Tue, 21 May

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

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m28,11127,80632,84918.1%16.9%
Other incomeRs m1,049553451-18.5%-57.0%
TurnoverRs m29,15928,35933,30017.4%14.2%
ExpensesRs m21,81720,70624,37017.7%11.7%
Gross profitRs m6,2947,1018,47819.4%34.7%
DepreciationRs m2,3303,3614,20625.1%80.5%
InterestRs m43759369717.6%59.6%
Profit before taxRs m4,5763,7004,0268.8%-12.0%
TaxRs m58468781718.9%39.9%
Profit after taxRs m3,9923,0133,2106.5%-19.6%
Gross profit margin%22.425.525.8
Effective tax rate%12.818.620.3
Net profit margin%13.710.69.6
* 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 16.9% on a year-on-year (YoY) basis. The expenses were up by 11.7% YoY during the same period.
  • The company's operating profit increased by 34.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.8% in 4QFY19 as against 22.4% in 4QFY18.
  • Depreciation charges increased by 80.5% and finance costs increased by 59.6% YoY, respectively.
  • Other income declined by 57.0% YoY during the quarter.
  • Net profit for the quarter declined by 19.6% YoY. Net profit margins during the quarter declined from 13.7% in 4QFY18 to 9.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 17.7% QoQ during the same period.
  • The company's operating profit increased by 19.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.8% in 4QFY19 as against 25.5% in 3QFY18.
  • Net profit for the quarter increased by 6.5% QoQ, while net profit margins declined from 10.6% in 3QFY18 to 9.6% in 4QFY19.

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 16,075.2 to Rs 20,702.3, registering a Gain of Rs 4,627.1 or around 28.8%.

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 20,702.3, the price to earnings (P/E) ratio of SHREE CEMENT stands at 75.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.1 times.

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

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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 Announces Quarterly Results (1QFY20); Net Profit Up 29.9% (Quarterly Result Update)

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