J.B.CHEMICALS Announces Quarterly Results (3QFY20); Net Profit Up 34.1%

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J.B.CHEMICALS Announces Quarterly Results (3QFY20); Net Profit Up 34.1%
Thu, 6 Feb

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

J.B.CHEMICALS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m3,5214,2813,850-10.1%9.3%
Other incomeRs m154181160-11.5%4.1%
TurnoverRs m3,6754,4624,010-10.1%9.1%
ExpensesRs m2,7953,2743,009-8.1%7.6%
Gross profitRs m7261,008841-16.6%15.8%
DepreciationRs m1451621652.0%14.2%
InterestRs m1399-2.4%-32.8%
Profit before taxRs m7231,018827-18.7%14.5%
TaxRs m25958205253.1%-20.7%
Profit after taxRs m464960622-35.2%34.1%
Gross profit margin%20.623.521.8
Effective tax rate%35.85.724.8
Net profit margin%12.621.515.5
* 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 grew 9.3% on a year-on-year (YoY) basis. The expenses were up by 7.6% YoY during the same period.
  • The company's operating profit increased by 15.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.8% in 3QFY20 as against 20.6% in 3QFY19.
  • Depreciation charges increased by 14.2% and finance costs declined by 32.8% YoY, respectively.
  • Other income increased by 4.1% YoY during the quarter.
  • Net profit for the quarter increased by 34.1% YoY. Net profit margins during the quarter increased from 12.6% in 3QFY19 to 15.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.1% QoQ during the same period.
  • The company's operating profit declined by 16.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.8% in 3QFY20 as against 23.5% in 2QFY19.
  • Net profit for the quarter declined by 35.2% QoQ, while net profit margins declined from 21.5% in 2QFY19 to 15.5% in 3QFY20.

To see how J.B.CHEMICALS has performed over the last eight quarters,please visit here.

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J.B.CHEMICALS Share Price Performance

Over the last one year,J.B.CHEMICALS share price has moved up from Rs 315.6 to Rs 548.3, registering a Gain of Rs 232.7 or around 73.7%.

Meanwhile, the S&P BSE HEALTHCARE Index is trading at Rs 14,041.6 (up 0.7%). Over the last one year it has moved up from 13,863.1 to 14,041.6, a gain of 178 points (up 1.3%).

Overall, the S&P BSE SENSEX is up 12.4% over the year.

Current Valuations

At the current price of Rs 548.3, the price to earnings (P/E) ratio of J.B.CHEMICALS stands at 17.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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