Shivam Cement Reports 61.94% Decline in Q3 Net Profit Despite Modest Revenue Incline; EPS Falls to Rs. 5.42
Sat, May 11, 2024 9:38 AM on Financial Analysis, Company Analysis, Latest,
Shivam Cement Limited (SHIVM) has disclosed its financial results for the third quarter of the fiscal year 2080/81, unveiling a notable 61.94% decline in net profitability. The company reported a net profit of Rs. 20.42 Crore, a substantial decrease from the Rs. 53.67 Crores profit recorded in the corresponding quarter of the previous year.
SHIVM experienced a modest rise in Revenue from Operations, soaring by 9.89 percent to reach Rs. 5.99 Arba. However, other income witnessed a significant fall of 49.01% to attain Rs. 17.34 Crores. Additionally, the company effectively managed its administrative expenses, with a notable decline of 4.02 percent, totaling Rs. 14.9 Crores.
In terms of financial indicators, SHIVM's annualized Earnings per Share (EPS) declined to Rs. 5.42. Moreover, the Net Worth per Share is reported at Rs. 188.19.
The company maintains a substantial paid-up capital of Rs. 5.02 Arba, accompanied by a share premium of Rs. 95.62 Crores along with Rs. 3.47 Arba in other equity. Notably, SHIVM has augmented its investments, reaching Rs. 4.58 Arba.
Major Highlights:
| Particulars (Rs in 000) | Shivam Cement | ||
|---|---|---|---|
| Q3 2080/81 | Q3 2079/80 | Difference | |
| Paid Up Capital | 5,027,000 | 4,400,000 | 14.25% |
| Share Premium | 956,234 | 956,234 | 0.00% |
| Other Equity | 3,477,225 | 3,868,170 | -10.11% |
| Property, Plant and Equipment | 3,592,990 | 3,636,303 | -1.19% |
| Investment | 4,585,209 | 4,262,136 | 7.58% |
| Trade Receivables | 1,860,197 | 2,097,027 | -11.29% |
| Revenue from Operation | 5,997,754 | 5,458,106 | 9.89% |
| Other Income | 173,477 | 340,188 | -49.01% |
| Cost of Sales | 5,234,007 | 4,457,958 | 17.41% |
| Administrative Expenses | 149,073 | 155,324 | -4.02% |
| Net Profit | 204,282 | 536,724 | -61.94% |
| Annualized EPS (In Rs.) | 5.42 | 16.26 | -66.69% |
| Net Worth per Share (In Rs.) | 188.19 | 209.65 | -10.23% |
| Qtr End PE Ratio | 94.50 | - | - |
