JAGRAN PRAKASHAN Announces Quarterly Results (3QFY20); Net Profit Up 16.5%

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JAGRAN PRAKASHAN Announces Quarterly Results (3QFY20); Net Profit Up 16.5%
Fri, 31 Jan

JAGRAN PRAKASHAN has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

JAGRAN PRAKASHAN Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m6,1385,1455,5307.5%-9.9%
Other incomeRs m158140103-26.1%-34.8%
TurnoverRs m6,2975,2855,6336.6%-10.5%
ExpensesRs m4,8124,2444,058-4.4%-15.7%
Gross profitRs m1,3269011,47163.3%10.9%
DepreciationRs m3313613702.5%11.9%
InterestRs m9179811.6%-11.5%
Profit before taxRs m1,0636001,12487.2%5.8%
TaxRs m361-659306-15.1%
Profit after taxRs m7021,259818-35.0%16.5%
Gross profit margin%21.617.526.6
Effective tax rate%33.9-109.727.2
Net profit margin%11.223.814.5
* 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 9.9% on a year-on-year (YoY) basis. The expenses were down by 15.7% YoY during the same period.
  • The company's operating profit increased by 10.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.6% in 3QFY20 as against 21.6% in 3QFY19.
  • Depreciation charges increased by 11.9% and finance costs declined by 11.5% YoY, respectively.
  • Other income declined by 34.8% YoY during the quarter.
  • Net profit for the quarter increased by 16.5% YoY. Net profit margins during the quarter increased from 11.2% in 3QFY19 to 14.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.4% QoQ during the same period.
  • The company's operating profit increased by 63.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 26.6% in 3QFY20 as against 17.5% in 2QFY19.
  • Net profit for the quarter declined by 35.0% QoQ, while net profit margins declined from 23.8% in 2QFY19 to 14.5% in 3QFY20.

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

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JAGRAN PRAKASHAN Share Price Performance

Over the last one year,JAGRAN PRAKASHAN share price has moved down from Rs 103.5 to Rs 69.5, registering a Loss of Rs 34.1 or around 32.9%.

Meanwhile, the S&P BSE TECK Index is trading at Rs 7,925.7 (down 0.7%). Over the last one year it has moved up from 7,520.5 to 7,925.7, a gain of 405 points (up 5.4%).

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

Current Valuations

At the current price of Rs 69.5, the price to earnings (P/E) ratio of JAGRAN PRAKASHAN stands at 6.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

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