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JAGRAN PRAKASHAN Announces Quarterly Results (2QFY19); Net Profit Down 37.9%

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JAGRAN PRAKASHAN Announces Quarterly Results (2QFY19); Net Profit Down 37.9%
Tue, 6 Nov

JAGRAN PRAKASHAN has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

JAGRAN PRAKASHAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m5,6656,0265,534-8.2%-2.3%
Other incomeRs m125497145.3%-43.2%
TurnoverRs m5,7916,0755,606-7.7%-3.2%
ExpensesRs m4,2794,3904,5383.4%6.1%
Gross profitRs m1,3861,636996-39.1%-28.1%
DepreciationRs m3403073111.2%-8.5%
InterestRs m74315371.0%-28.3%
Profit before taxRs m1,0971,347704-47.7%-35.9%
TaxRs m375463255-45.0%-32.1%
Profit after taxRs m722884449-49.2%-37.9%
Gross profit margin%24.527.118.0
Effective tax rate%34.234.436.2
Net profit margin%12.514.58.0
* 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 2.3% on a year-on-year (YoY) basis. The expenses were up by 6.1% YoY during the same period.
  • The company's operating profit declined by 28.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 2QFY19 as against 24.5% in 2QFY18.
  • Depreciation charges declined by 8.5% and finance costs declined by 28.3% YoY, respectively.
  • Other income declined by 43.2% YoY during the quarter.
  • Net profit for the quarter declined by 37.9% YoY. Net profit margins during the quarter declined from 12.5% in 2QFY18 to 8.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.4% QoQ during the same period.
  • The company's operating profit declined by 39.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 18.0% in 2QFY19 as against 27.1% in 1QFY18.
  • Net profit for the quarter declined by 49.2% QoQ, while net profit margins declined from 14.6% in 1QFY18 to 8.0% in 2QFY19.

To see how JAGRAN PRAKASHAN has performed over the last eight quarters, please visit here.

JAGRAN PRAKASHAN Share Price Performance

Over the last one year, JAGRAN PRAKASHAN share price has moved up from Rs 174.5 to Rs 108.5, registering a Loss of Rs 66.1 or around 37.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,117.0 (up 1.0%). Over the last one year it has moved up from 6,038.9 to 7,117.0, a gain of 1,078 points (up 17.9%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 108.5, the price to earnings (P/E) ratio of JAGRAN PRAKASHAN stands at 12.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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