CMC Limited
NSE Symbol CMC
CMC LTD has declared good results for Q3 FY 2012
ending Dec,2011.
Net Sales
stands at Rs.395.84 cr in Q3 FY 12 (Current Qtr) – compared to Rs.357.16 cr in
Q2 FY 12,the previous qtr (Up by 10.83%); Rs.305.04 cr in Q1 FY 12; and Rs.272.64
in Q3 FY 11(Up by 45.19%) in corresponding Qtr. The last year (FY 2011) figure
was Rs.1080.53 Cr. Thus, Net Sales has been increasing reasonably steadily.
Total Expenditure
stands at Rs.341.64 Cr in current Qtr of Q3 FY 12 – compared to Rs.309.91 cr
(Up by 10.24%) in previous qtr of Q2 FY 12; Rs.258.6Cr in Q1 FY 12; Rs.224.97 cr in Q3 FY 11, the corresponding
Qtr (up by 51.86%); The Figure for FY 2011 was Rs.884.16 Cr. Expenditure hs
gone up more than proportionately.
Profit from Operations
stands at Rs.54.53 cr in Q3 FY 12 (current Qtr); compared to Rs.47.79 cr (Up by
14.11%) in previous qtr; Rs.46.98 cr in Q1 FY 12; and Rs.49.13 cr in Q3 FY 11
(Up by 10.99%) the corresponding Qtr. The FY 2011 OPT was Rs.200.25 cr. OPT is
moving up steadily.
Profit before tax
stands at Rs.58.46 Cr in Q3 FY 12 (current Qtr); compared to Rs. 52.72 Cr (Up by 10.90%) in previous qtr
of Q2 FY 12; Rs.49.56 Cr in Q1 FY 12; and Rs.53.31 cr (Up by 9.65%) in Q3 FY 11,
the corresponding Qtr. The last year PBT was Rs.211.83 Cr.
Consolidated Net Profit stands at Rs.41.37 in Q3 FY 12 (Current Qtr) – compared
to Rs.32.63 Cr (Up by a good 26.81%) in previous qtr; Rs.34.88 cr in Q1 FY 12;
and Rs.45.37 cr in Q3 FY 11 (down by -8.81%) from corresponding qtr of Q3 FY
11. Last year NPT was Rs.179.41 Cr. The Q3 FY 11 C- NPT was much higher due to
much lower Tax expense(at Rs.8 cr compared to Rs.17 Cr now).
Basic EPS(Rs.)
stands at Rs.13.65
in Q3 FY 12; Rs.10.77
in Q2 FY 12; Rs.11.51
in Q1 FY 12; Rs.29.95 in Q3 FY 11.The annual EPS for FY 2011 was Rs.118.42. Current annualized EPS for FY 2012 can be
around Rs.50. We need to see if CMC matches or improves on last year annual EPS
(118.42 / 2 = ) Rs.9.21 finally after 4th qtr.
Equity has gone up to Rs.30 cr from
Rs.15 cr last year.
CMC has added 21 new clients in this
quarter. Net addition of 1474 employees in this quarter.
The current MP is Rs.902. The 52 week high price is Rs.2790 and the 52
week low price is Rs.721.30.
The PE Ratio is therefore around 18.
RESULTS
TABLE
|
Q3 FY 12
|
% DIF1
|
% DIF2
|
|||||
|
Net Sales
|
39584.23
|
35,716.18
|
10.83
|
30,503.98
|
27,264.24
|
45.19
|
108,053.15
|
|
Other Oprting Income
|
33.09
|
53.12
|
-37.71
|
54.08
|
145.41
|
387.28
|
|
|
Raw Materials
|
4867.24
|
4,452.82
|
9.31
|
3,732.71
|
3,334.52
|
45.97
|
12,139.01
|
|
Employees Cost
|
11765.34
|
10,815.05
|
8.79
|
9,580.11
|
8,899.40
|
32.20
|
34,512.60
|
|
Depreciation
|
582.27
|
540.71
|
7.69
|
372.75
|
273.17
|
1,045.96
|
|
|
Other Expenditure
|
16949.44
|
15,182.14
|
11.64
|
12,174.05
|
9,989.64
|
69.67
|
40,718.00
|
|
Total Expenditure
|
34164.29
|
30,990.72
|
10.24
|
25,859.62
|
22,496.73
|
51.86
|
88,415.57
|
|
Profit from Operations
|
5453.03
|
4,778.58
|
14.11
|
4,698.44
|
4,912.92
|
10.99
|
20,024.86
|
|
Other Income
|
392.97
|
493.33
|
-20.34
|
258
|
416.16
|
-5.57
|
1,169.71
|
|
Interest
|
0.1
|
0.37
|
-72.97
|
0.44
|
-2.16
|
11.8
|
|
|
Profit before tax
|
5845.9
|
5,271.54
|
10.90
|
4,956.00
|
5,331.24
|
9.65
|
21,182.77
|
|
Tax Expense
|
1708.53
|
2,008.92
|
-14.95
|
1,467.75
|
794.39
|
3,241.91
|
|
|
Net Profit
|
4137.37
|
3,262.62
|
26.81
|
3,488.25
|
4,536.85
|
-8.81
|
17,940.86
|
|
Consolidated NPT
|
4137.37
|
3,262.62
|
26.81
|
3,488.25
|
4,536.85
|
-8.81
|
17,940.86
|
|
Face Value (in Rs.)
|
10
|
10
|
0.00
|
10
|
10
|
0.00
|
10
|
|
Paid-up Equity
|
3030
|
3,030.00
|
0.00
|
3,030.00
|
1,515.00
|
1,515.00
|
|
|
Reserves
|
-
|
-
|
-
|
-
|
63,886.95
|
||
|
Basic EPS(Rs.)
|
13.65
|
10.77
|
26.74
|
11.51
|
29.95
|
118.42
|
|
|
Public holding (%)
|
48.88
|
48.88
|
0.00
|
48.88
|
48.88
|
0.00
|
48.88
|
*
* * E
N D *
* *
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