SHREE CEMENT Announces Quarterly Results (4QFY21); Net Profit Up 49.0%
Thu, 8 Jul

SHREE CEMENT has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

SHREE CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m34,15135,41442,04918.7%23.1%
Other incomeRs m9821,0801,28519.0%30.9%
TurnoverRs m35,13336,49443,33418.7%23.3%
ExpensesRs m23,58424,15529,67122.8%25.8%
Gross profitRs m10,56711,25912,3789.9%17.1%
DepreciationRs m4,6473,2233,3022.5%-28.9%
InterestRs m739595563-5.4%-23.8%
Profit before taxRs m6,1648,5219,79815.0%59.0%
TaxRs m7972,2061,800-18.4%125.8%
Profit after taxRs m5,3676,3167,99826.6%49.0%
Gross profit margin%30.931.829.4
Effective tax rate%12.925.918.4
Net profit margin%15.317.318.5
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 23.1% on a year-on-year (YoY) basis. The expenses were up by 25.8% YoY during the same period.
  • The company's operating profit increased by 17.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.4% in 4QFY21 as against 30.9% in 4QFY20.
  • Depreciation charges declined by 28.9% and finance costs declined by 23.8% YoY, respectively.
  • Other income increased by 30.9% YoY during the quarter.
  • Net profit for the quarter increased by 49.0% YoY. Net profit margins during the quarter increased from 15.3% in 4QFY20 to 18.5% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 18.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 22.8% QoQ during the same period.
  • The company's operating profit increased by 9.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 29.4% in 4QFY21 as against 31.8% in 3QFY20.
  • Net profit for the quarter increased by 26.6% QoQ, while net profit margins increased from 17.3% in 3QFY20 to 18.5% in 4QFY21.

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 22,443.6 to Rs 27,677.9, registering a Gain of Rs 5,234.4 or around 23.3%.

Overall, the S&P BSE SENSEX is up 44.1% over the year.

Current Valuations

At the current price of Rs 27,677.9, the price to earnings (P/E) ratio of SHREE CEMENT stands at 43.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.6 times.