On consolidated basis
Quarter ended December 2021 compared with Quarter ended December 2020.
Net sales
(including other operating income) of Shree Cement has increased 2.25% to Rs
3637.11 crore.
Operating profit margin has declined
from 31.67% to 23.24%, leading to 24.97% decline in operating profit to Rs
845.20 crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 7.38% to 8.41%. Purchase of finished
goods cost fell from 0.56% to 0.09%. Employee cost increased from
5.40% to 6.05%. Other expenses rose from 55.39% to 62.52%.
Power and Oil fuel cost rose from 18.19% to 24.80%.
Freight charges fell from 23.05% to 21.40%.
Other income rose 5.90% to Rs 113.85
crore. PBIDT fell 22.28% to Rs 959.05 crore. Provision
for interest fell 9.43% to Rs 53.91 crore.
PBDT fell 22.93% to Rs 905.14
crore. Provision for depreciation fell 11.47% to Rs 285.3
crore.
Profit before tax down 27.26% to Rs
619.84 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 137.14 crore, compared
to Rs 220.56 crore. Effective tax rate was 22.13% compared to
25.88%.
Minority interest increased 2.82% to
Rs 0.73 crore. Net profit attributable to owners of the company
decreased 23.60% to Rs 481.97 crore.
Promoters’ stake was 62.55% as of 31
December 2021 ,compared to 62.55% as of 31 December 2020 .
Net sales (including other operating
income) of Shree Cement has increased 14.16% to Rs 10645.32 crore.
Operating profit margin has declined
from 30.39% to 26.20%, leading to 1.56% decline in operating profit to Rs
2,789.12 crore. Raw material cost as a % of total sales (net of
stock adjustments) increased from 7.25% to 7.56%. Purchase of
finished goods cost rose from 0.28% to 0.68%. Employee cost
decreased from 6.40% to 6.37%. Other expenses rose from 55.75% to
59.71%. Power and Oil fuel cost rose from 17.96% to 21.66%.
Freight charges fell from 22.91% to 21.55%.
Other income rose 28.46% to Rs
408.53 crore. PBIDT rose 1.47% to Rs 3197.65
crore. Provision for interest fell 15.93% to Rs 163.95
crore.
PBDT rose 2.61% to Rs 3033.7
crore. Provision for depreciation fell 8.90% to Rs 849.15
crore.
Profit before tax grew 7.92% to Rs
2,184.55 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 507.02 crore, compared
to Rs 534.53 crore. Effective tax rate was 23.21% compared to
26.41%.
Minority interest increased 19.92%
to Rs 2.83 crore. Net profit attributable to owners of the company
increased 12.59% to Rs 1,674.70 crore.
Promoters’ stake was 62.55% as of 31
December 2021 ,compared to 62.55% as of 31 December 2020 .
Full year results analysis.
Net sales (including other operating income) of Shree Cement has increased
5.37% to Rs 13559.77 crore.
Operating profit margin has jumped
from 29.21% to 30.08%, leading to 8.52% rise in operating profit to Rs 4,079.45
crore. Raw material cost as a % of total sales (net of stock
adjustments) increased from 7.19% to 7.23%. Purchase of finished
goods cost rose from 0.24% to 0.32%. Employee cost decreased from
6.66% to 6.43%. Other expenses fell from 56.62% to 55.82%.
Power and Oil fuel cost fell from 21.06% to 17.75%.
Freight charges rose from 20.75% to 23.02%.
Other income rose 59.72% to Rs
438.26 crore. PBIDT rose 12% to Rs 4517.71
crore. Provision for interest fell 13.77% to Rs 251.29
crore. Loan funds declined from Rs 2,348.92 crore as of 31 March
2020 to Rs 2,229.88 crore as of 31 March 2021. Inventories rose to
Rs 1,715.72 crore as of 31 March 2021 from Rs 1,713.49 crore as of 31 March
2020. Sundry debtors were lower at Rs 685.90 crore as of 31 March
2021 compared to Rs 1,080.45 crore as of 31 March 2020. Cash and
bank balance rose to Rs 708.35 crore as of 31 March 2021 from Rs 614.21 crore
as of 31 March 2020. Investments rose to Rs 8,500.50 crore as of 31
March 2021 from Rs 6,357.60 crore as of 31 March 2020 .
PBDT rose 14.01% to Rs 4266.42
crore. Provision for depreciation fell 30.17% to Rs 1262.34
crore. Fixed assets declined from Rs 7,306.53 crore as of 31 March
2020 to Rs 7,152.54 crore as of 31 March 2021. Intangible assets
increased from Rs 53.21 crore to Rs 60.25 crore.
Profit before tax grew 55.31% to Rs
3,004.08 crore. Share of profit/loss were nil in both the
periods. Provision for tax was expense of Rs 714.49 crore, compared
to Rs 390.2 crore. Effective tax rate was 23.78% compared to 20.17%.
Minority interest decreased 54.69%
to Rs 3.72 crore. Net profit attributable to owners of the company
increased 48.83% to Rs 2,285.87 crore.
Equity capital stood at Rs 36.08
crore as of 31 March 2021 to Rs 36.08 crore as of 31 March 2020. Per
share face Value remained same at Rs 10.00.
Promoters’ stake was 62.55% as of 31
March 2021 ,compared to 62.55% as of 31 March 2020 .
Cash flow from operating activities
increased to Rs 4,253.79 crore for year ended March 2021 from Rs 3,973.18 crore
for year ended March 2020. Cash flow used in acquiring fixed assets
during the year ended March 2021 stood at Rs 1,134.61 crore, compared to Rs
1,544.77 crore during the year ended March 2020.
Others:
Dividend:
The board has recommended an interim dividend of Rs 45 per equity share of Rs
10 each.
| Shree Cement : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
|---|
| Particulars | 202112 | 202012 | Var.(%) | 202112 | 202012 | Var.(%) | 202103 | 202003 | Var.(%) |
|---|
| Net Sales (including other operating income) | 3,637.11 | 3,557.21 | 2.25 | 10,645.32 | 9,324.78 | 14.16 | 13,559.77 | 12,868.39 | 5.37 | | OPM (%) | 23.24 | 31.67 | -843 bps | 26.20 | 30.39 | -419 bps | 30.08 | 29.21 | 87 bps | | OP | 845.20 | 1,126.41 | -24.97 | 2,789.12 | 2,833.41 | -1.56 | 4,079.45 | 3,759.10 | 8.52 | | Other Inc. | 113.85 | 107.51 | 5.90 | 408.53 | 318.03 | 28.46 | 438.26 | 274.40 | 59.72 | | PBIDT | 959.05 | 1,233.92 | -22.28 | 3,197.65 | 3,151.44 | 1.47 | 4,517.71 | 4,033.50 | 12.00 | | Interest | 53.91 | 59.52 | -9.43 | 163.95 | 195.01 | -15.93 | 251.29 | 291.43 | -13.77 | | PBDT | 905.14 | 1,174.40 | -22.93 | 3,033.70 | 2,956.43 | 2.61 | 4,266.42 | 3,742.07 | 14.01 | | Depreciation | 285.3 | 322.26 | -11.47 | 849.15 | 932.13 | -8.90 | 1262.34 | 1807.81 | -30.17 | | PBT | 619.84 | 852.14 | -27.26 | 2184.55 | 2024.3 | 7.92 | 3004.08 | 1934.26 | 55.31 | | Share of Profit/(Loss) from Associates | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT before EO | 619.84 | 852.14 | -27.26 | 2184.55 | 2024.3 | 7.92 | 3004.08 | 1934.26 | 55.31 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 619.84 | 852.14 | -27.26 | 2184.55 | 2024.3 | 7.92 | 3004.08 | 1934.26 | 55.31 | | Taxation | 137.14 | 220.56 | -37.82 | 507.02 | 534.53 | -5.15 | 714.49 | 390.2 | 83.11 | | PAT | 482.7 | 631.58 | -23.57 | 1677.53 | 1489.77 | 12.60 | 2289.59 | 1544.06 | 48.28 | | Minority Interest (MI) | 0.73 | 0.71 | 2.82 | 2.83 | 2.36 | 19.92 | 3.72 | 8.21 | -54.69 | | Net profit | 481.97 | 630.87 | -23.60 | 1674.7 | 1487.41 | 12.59 | 2285.87 | 1535.85 | 48.83 | | P/(L) from discontinued operations net of tax | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | Net profit after discontinued operations | 481.97 | 630.87 | -23.60 | 1674.7 | 1487.41 | 12.59 | 2285.87 | 1535.85 | 48.83 | | EPS (Rs)* | 133.58 | 174.85 | -23.60 | 464.15 | 412.24 | 12.59 | 633.54 | 425.67 | 48.83 | | | * EPS is on current equity of Rs 36.08 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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