CMC Limited
NSE Symbol CMC
CMC LTD has reported lower profitability in Q1 FY 12 compared to both previous qtr of Q4 FY 11 and corresponding Qtr of Q1 FY 11 – on a consolidated basis.
Net Sales/Income from Operations in Q1 FY 12 is Rs.305.04 cr – up by 4.22% from Q4 FY 11 and up by 25.11% from Q1 FY11. On Stand alone Basis, Net Sales stands at Rs.208.16 cr against Rs.179.38 cr in Q1 FY 11.
Total Expenditure has gone up to Rs.258.60 Cr -UP by 5.54% from Q4 FY 11; and up by 33.78% from Q1 FY 11. There has been more than proportionate increase in expenditure compared to Sales.
Profit from Operations has therefore come down to Rs.46.98 cr in Q1 FY 12 – down by 4.27% from Q4 FY 11 and down by 9.37% from Q1 FY 11.
Profit before tax is down to Rs.49.56 cr – down by 4.47% from Q4 FY 11; and down by 8.85% from Q1 FY11.
Consolidated Net Profit is Rs.34.88 cr – down by a huge 20.66% from Q4 FY 11; and by 24.90% from Q1 FY 11.
Paid-up Equity has gone up by 1:1 bonus issue to Rs.30.30 cr from the earlier Rs.15.15 Cr.
Basic EPS is down to Rs. 11.51 on a Face value of Rs.10 – on the enhanced Equity Base – against Rs.29.02 on the earlier lower equity in Q4 FY11 and Rs.30.66 in Q1 FY11. On a stand alone basis, the EPS is Rs.8.63 against Rs.13.47 in Q1 FY 11.
Thus, the performance in the first quarter is a come down in profitability terms. This may be due to higher salary etc in Q1 as seems to be the case for Infosys also. Next qtr therefore needs close watch.
CONSOLIDATED RESULTS TABLE :
| Q1FY12CS | Q1FY11CS | ||
| Net Sales/Income from Operations | 30503.98 | 29,269.06 | 24,381.36 |
| Other Operating Income | 54.08 | 141.36 | 133.36 |
| Consumption of Raw Materials | 3732.71 | 3,744.23 | 1,960.21 |
| Employees Cost | 9580.11 | 9,215.66 | 7,664.52 |
| Depreciation | 372.75 | 304.64 | 225.48 |
| Other Expenditure | 12174.05 | 11,238.06 | 9,480.13 |
| Total Expenditure | 25859.62 | 24,502.59 | 19,330.34 |
| Profit from Operations | 4698.44 | 4,907.83 | 5,184.38 |
| Other Income | 258 | 278.58 | 264.38 |
| Interest | 0.44 | -1.63 | 11.57 |
| Profit before tax | 4956 | 5,188.04 | 5,437.19 |
| Tax Expense | 1467.75 | 791.32 | 792.63 |
| Net Profit | 3488.25 | 4,396.72 | 4,644.56 |
| Consolidated Net Profit | 3488.25 | 4,396.72 | 4,644.56 |
| Face Value (in Rs.) | 10 | 10 | 10 |
| Paid-up Equity | 3030 | 1,515.00 | 1,515.00 |
| Basic EPS | 11.51 | 29.02 | 30.66 |
| Public holding (%) | 48.88 | 48.88 | 48.88 |
ANNOUNCEMENTS TO NSE
11-07-2011 consolidated Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 30503.98 lacs for quarter ending on 30-JUN-2011 against Rs. 29269.06 lacs for the quarter ending on 31-MAR-2011. Net Profit / (Loss) of Rs. 3488.25 lacs for the quarter ending on 30-JUN-2011 against Rs. 4396.72 lacs for the quarter ending on 31-MAR-2011. -
11-07-2011 standalone Results for the quarter ended on 30-JUN-2011 as follows: Net Sales of Rs. 20762.23 lacs for quarter ending on 30-JUN-2011 against Rs. 21380.67 lacs for the quarter ending on 31-MAR-2011. Net Profit / (Loss) of Rs. 2616.17 lacs for the quarter ending on 30-JUN-2011 against Rs. 3852.98 lacs for the quarter ending on 31-MAR-2011. -
29-06-2011 dividend at the rate of Rs 20 per equity share of Rs 10 each was declared to be paid on July 01, 2011.
18-04-2011 Cmc Limited has informed the Exchange a press release dated April 18, 2011, titled "CMC Revenue grows 24%, Net Profit Groth of 25% in FY 2010-11, Proposes 1:1 Bonus Share".
18-04-2011 Cmc Limited has informed the Exchange that the Board of Directors of the company at its meeting held on April 18, 2011 considered issue of Bonus Shares in any other item of the agenda and proposed issue of bonus shares in the ratio of one equity share for each equity share held subject to the approval of the shareholders.
18-04-2011 Cmc Limited has informed the Exchange that the Board of Directors of the Company at its meeting held on April 18, 2011 recommended a payment of dividend at the rate of Rs 20 per equity share for the year ended March 31, 2011, subject to approval of the shareholders
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