Declining Revenue Led To 22.99% Drop In Net Profit of Shivam Cements For Q2; EPS Stands Rs. 14.96
Fri, Feb 10, 2023 9:58 AM on Latest, Financial Analysis, Stock Market,
Shivam Cements Limited (SHIVM) has published its second-quarter report of the fiscal year 2079/2080 with a decline in net profit by 22.99%. The Net Profit of the company decreased to Rs. 32.90 crores in Q2, 2079/2080 from Rs. 42.73 Crores in the corresponding quarter of the previous year.
The Sales revenue (revenue from operation) of the company declined by 27.37% in the second quarter which stood at Rs. 3.34 Arba from Rs. 4.60 Arba in the corresponding quarter of the previous year. Whereas, the other income of the company has increased significantly to stand at Rs. 32.3 Crores, which was Rs. 1.3 Crores in the relevant period of the previous year. The expenses for this period have also decreased by 18.82%
As per the second-quarter report published today, the company has an investment in subsidiary of Rs. 4.26 Arba.
The paid-up capital of the company remained at Rs. 4.40 Arba with 3.74 Arba as retained earnings. The company has Rs 95.62 crores as a share premium. The company also distributed a 10.53% cash dividend for FY 2078/79.
The annualized earnings per share (EPS) of the company stood at Rs. 14.96 and the net worth per share at Rs. 206.85. The company traded at a P/E multiple of 37.84 times.
Major Highlights:
| Particulars (Rs in 000) | Shivam Cements Limited | ||
| Q2 2079/80 | Q2 2078/79 | Difference | |
| Paid Up Capital | 4,400,000 | 4,400,000 | 0.00% |
| Share Premium | 956,234 | 956,234 | 0.00% |
| Other Equity (Retained Earnings) | 3,745,015 | 3,601,776 | 3.98% |
| Property, Plant and Equipment | 3,454,963 | 3,857,963 | -10.45% |
| Investment In Subsidiary | 4,262,136 | 3,665,703 | 16.27% |
| Trade Receivables | 2,043,884 | 2,099,446 | -2.65% |
| Revenue from Operation | 3,343,071 | 4,603,124 | -27.37% |
| Other Income | 323,682 | 13,544 | 2289.85% |
| Total Expenses | 3,337,268 | 4,111,039 | -18.82% |
| Net Profit | 329,089 | 427,335 | -22.99% |
| Annualized EPS (In Rs.) | 14.96 | 19.42 | -22.99% |
| Net Worth per Share (In Rs.) | 206.85 | 203.59 | 1.60% |
| Qtr End P/E Ratio | 37.84 | - | 0.00% |
| Qte End Price | 566 | - | 0.00% |
