Bheema Cements Q1 Results Total Income of ₹3.56 lakhs & Total Expenses ₹838.25 lakhs

Bheema Cements Q1 Results

Bheema Cements Q1 Results: Bheema Cements reported its financial results for the quarter and year ending on March 31, 2024. For the quarter, the company had no revenue from operations, meaning it did not earn money from selling cement. However, it did receive some other income of 3.56 lakhs, compared to 0.11 lakhs in the previous quarter and 1.59 lakhs a year ago. When you add the income from operations and other income, the total income for the quarter was 3.56 lakhs.

The company had total expenses of 838.25 lakhs, which includes various costs such as employee benefits and other operational costs. This led to a loss of 834.69 lakhs before tax. After accounting for a deferred tax expense of 159.79 lakhs, the total loss for the quarter was 994.48 lakhs.

For the year ending March 31, 2024, the total income was 3.81 lakhs, while total expenses were 3,058.32 lakhs, resulting in an annual loss of 3,373.57 lakhs. The earnings per share, a measure of profitability for shareholders, showed a loss of 3.05 for the quarter and 10.35 for the full year. Overall, the financial results indicate challenges for the company in generating profits.

Here’s a simplified table summarizing the audited financial results for Bheema Cements for the quarter and year ended March 31, 2024:

(Amount in INR Lakhs, except EPS)

Source: Here 

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Bheema Cements Financial Performance 

Bheema Cements has a market capitalization of ₹72.9 crores, indicating its total value in the stock market. The current price of the stock is ₹22.4, which is lower than its highest price of ₹35.3 and higher than its lowest price of ₹21.0 in recent trading. The book value of the stock is ₹13.2, showing what each share is worth based on the company's assets. However, the company has a dividend yield of 0.00%, meaning it does not pay dividends to shareholders.

Here’s the financial information you provided in a simple table format:

Quarterly Results 

Bheema Cements' quarterly results for September 2023, December 2023, and March 2024 show consistent challenges. In September 2023, the company reported no sales and a net loss of ₹8.98 crores. By December 2023, the situation remained difficult, with the same lack of sales and a net loss of ₹7.38 crores. In March 2024, while expenses increased slightly, the company still had no sales, resulting in a deeper net loss of ₹9.94 crores. 

Here are the quarterly results for September 2023, December 2023, and March 2024:

(Figures in Rs. Crores)

About Bheema Cements

Bheema Cements is a prominent cement manufacturing company in India, established in 1978. Initially known as Coromandel Cements, it rebranded to Bheema Cements in 2010. The company has grown significantly over the years, starting with a clinker production capacity of 200 tons per day (TPD) and expanding to 1,600 TPD by 2012. This increase in capacity allows them to produce about 2,000 TPD of cement, setting high standards in the industry.

Bheema Cements offers various types of cement, including OPC-43, OPC-53, and PPC, which are widely used in construction projects. The company focuses heavily on quality control and uses advanced technologies, such as the ETA cooler from Claudius Peters, to reduce coal consumption and enhance production efficiency. With a distribution network of over 1,500 partners across 12 states, Bheema Cements is a trusted choice for many construction projects, including roads, bridges, and residential buildings.

What sets Bheema Cements apart is its commitment to maintaining high Tricalcium silicate levels, which improves cement strength. The company aims to lead in quality and sustainability while contributing to the development of communities throughout India.