Shivam Cement Achieves Rs. 1.27 Crore Net Profit in Q1, Rebounding from Loss with Cut in Expenses and Surge in Other Income
Thu, Nov 14, 2024 8:04 AM on Financial Analysis, Company Analysis, Latest,
Shivam Cement Limited (SHIVM) has released its financial report for Q1 of FY 2081/82, showcasing a remarkable financial turnaround, shifting from a net loss to a strong profit. SHIVM recorded a net profit of Rs. 1.27 crores, a significant improvement from the Rs. 5.34 crores loss reported in Q1 of the previous fiscal year.
While SHIVM's revenue from operations declined by 13.59% to Rs. 1.41 Arba, other income surged by 397.63%, totaling Rs. 10.57 crores. The company effectively controlled its expenses, which decreased by 22.85%, amounting to Rs. 18.93 crores.
Financially, SHIVM’s annualized Earnings per Share (EPS) rose to Rs. 1.02, reversing from a negative Rs. 4.86 in Q1 2080/81. The Net Worth per Share is reported at Rs. 189.28.
SHIVM holds a paid-up capital of Rs. 5.02 Arba, a share premium of Rs. 95.62 crores, and Rs. 3.53 Arba in other equity. The company’s total investments have also expanded to Rs. 4.58 Arba.
Major Highlights:
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (Rs in 000) | Shivam Cements Limited | ||
|---|---|---|---|
| Q1 2081/82 | Q1 2080/81 | Difference | |
| Paid Up Capital | 5,027,000 | 4,400,000* | 14.25% |
| Share Premium | 956,234 | 956,234* | 0.00% |
| Other Equity (Retained Earnings) | 3,531,841 | 3,575,059* | -1.21% |
| Property, Plant and Equipment | 3,580,530 | 3,128,084* | 14.46% |
| Investment in Subsidiaries | 4,585,209 | 4,262,136* | 7.58% |
| Trade Receivables | 1,183,443 | 1,687,610* | -29.87% |
| Revenue from Operation | 1,406,381 | 1,627,587 | -13.59% |
| Other Income | 105,744 | 21,249 | 397.63% |
| Total Expenses | 189,399 | 245,491 | -22.85% |
| Net Profit | 12,799 | (53,420) | - |
| Annualized EPS (In Rs.) | 1.02 | -4.86 | - |
| Net Worth per Share (In Rs.) | 189.28 | 202.98 | -6.75% |
| Qtr End P/E Ratio | 614.67 | - | 0.00% |
| Qtr End Price | 626 | - | 0.00% |
