JBF INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 21.4%

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JBF INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Down 21.4%
Fri, 2 Aug

JBF INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

JBF INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m8,7696,4257,17511.7%-18.2%
Other incomeRs m403-2444-89.1%
TurnoverRs m9,1726,4017,21912.8%-21.3%
ExpensesRs m8,7446,6877,0355.2%-19.5%
Gross profitRs m26-822140446.9%
DepreciationRs m2352402400.2%2.0%
InterestRs m959585546-6.7%-43.1%
Profit before taxRs m-765-1,671-602
TaxRs m-270-30
Profit after taxRs m-496-1,667-602
Gross profit margin%0.3-12.82.0
Effective tax rate%35.20.20.0
Net profit margin%-5.4-26.0-8.3
* 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 18.2% on a year-on-year (YoY) basis. The expenses were down by 19.5% YoY during the same period.
  • The company's operating profit increased by 446.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.0% in 1QFY20 as against 0.3% in 1QFY19.
  • Depreciation charges increased by 2.0% and finance costs declined by 43.1% YoY, respectively.
  • Other income declined by 89.1% YoY during the quarter.
  • Net profit for the quarter declined by 21.4% YoY. Net profit margins during the quarter declined from -5.4% in 1QFY19 to -8.3% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 11.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 117.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.0% in 1QFY20 as against 12.8% in 4QFY19.
  • Net profit for the quarter increased by 63.9% QoQ, while net profit margins increased from -26.0% in 4QFY19 to -8.3% in 1QFY20.

To see how JBF INDUSTRIES has performed over the last eight quarters,please visit here.

JBF INDUSTRIES Share Price Performance

Over the last one year,JBF INDUSTRIES share price has moved down from Rs 26.2 to Rs 7.7, registering a Loss of Rs 18.5 or around 70.7%.

Overall, the S&P BSE SENSEX is down 2.3% over the year.

Current Valuations

At the current price of Rs 7.7, the price to book value (P/BV) ratio of JBF INDUSTRIES stands at 0.0 times.

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Related Views on News

JBF INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 111.0% (Quarterly Result Update)

Jun 13, 2019 | Updated on Jun 13, 2019

For the quarter ended March 2019, JBF INDUSTRIES has posted a net profit of Rs 2 bn (down 111.0% YoY). Sales on the other hand came in at Rs 6 bn (down 31.0% YoY). Read on for a complete analysis of JBF INDUSTRIES's quarterly results.

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