JK PAPER Announces Quarterly Results (4QFY20); Net Profit Down 18.6%

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JK PAPER Announces Quarterly Results (4QFY20); Net Profit Down 18.6%
Thu, 14 May

JK PAPER has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

JK PAPER Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m8,0688,2137,302-11.1%-9.5%
Other incomeRs m241194186-4.2%-23.0%
TurnoverRs m8,3098,4077,488-10.9%-9.9%
ExpensesRs m5,8835,8375,486-6.0%-6.8%
Gross profitRs m2,1852,3761,817-23.5%-16.9%
DepreciationRs m314384346-9.8%10.2%
InterestRs m3482913106.4%-11.0%
Profit before taxRs m1,7641,8941,346-28.9%-23.7%
TaxRs m642572433-24.3%-32.6%
Profit after taxRs m1,1221,323914-30.9%-18.6%
Gross profit margin%27.128.924.9
Effective tax rate%36.430.232.1
Net profit margin%13.515.712.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 9.5% on a year-on-year (YoY) basis. The expenses were down by 6.8% YoY during the same period.
  • The company's operating profit declined by 16.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.9% in 4QFY20 as against 27.1% in 4QFY19.
  • Depreciation charges increased by 10.2% and finance costs declined by 11.0% YoY, respectively.
  • Other income declined by 23.0% YoY during the quarter.
  • Net profit for the quarter declined by 18.6% YoY. Net profit margins during the quarter declined from 13.5% in 4QFY19 to 12.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.0% QoQ during the same period.
  • The company's operating profit declined by 23.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.9% in 4QFY20 as against 28.9% in 3QFY19.
  • Net profit for the quarter declined by 30.9% QoQ, while net profit margins declined from 15.7% in 3QFY19 to 12.2% in 4QFY20.

To see how JK PAPER has performed over the last eight quarters,please visit here.

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JK PAPER Share Price Performance

Over the last one year,JK PAPER share price has moved down from Rs 126.7 to Rs 93.7, registering a Loss of Rs 33.0 or around 26.0%.

Overall, the S&P BSE SENSEX is down 15.0% over the year.

Current Valuations

At the current price of Rs 93.7, the price to earnings (P/E) ratio of JK PAPER stands at 3.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

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