JBF INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 2829.2%

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JBF INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Down 2829.2%
Tue, 27 Nov

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

JBF INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,6448,7698,678-1.0%13.5%
Other incomeRs m322403149-62.9%-53.6%
TurnoverRs m7,9659,1728,827-3.8%10.8%
ExpensesRs m7,2128,7448,112-7.2%12.5%
Gross profitRs m43126-5,532-21710.2%-1382.4%
DepreciationRs m23723528521.2%20.3%
InterestRs m728959300-68.7%-58.8%
Profit before taxRs m-212-765-5,968
TaxRs m-64-270-1,644
Profit after taxRs m-148-496-4,324
Gross profit margin%5.60.3-63.8
Effective tax rate%30.335.227.6
Net profit margin%-1.9-5.4-49.0
* 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 grew 13.5% on a year-on-year (YoY) basis. The expenses were up by 12.5% YoY during the same period.
  • The company's operating profit declined by 1382.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 63.8% in 2QFY19 as against 5.6% in 2QFY18.
  • Depreciation charges increased by 20.3% and finance costs declined by 58.8% YoY, respectively.
  • Other income declined by 53.6% YoY during the quarter.
  • Net profit for the quarter declined by 2829.2% YoY. Net profit margins during the quarter declined from -1.9% in 2QFY18 to -49.0% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 7.2% QoQ during the same period.
  • The company's operating profit declined by 21710.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 63.8% in 2QFY19 as against 0.3% in 1QFY18.
  • Net profit for the quarter declined by 772.2% QoQ, while net profit margins declined from -5.4% in 1QFY18 to -49.0% in 2QFY19.

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 up from Rs 220.8 to Rs 19.6, registering a Loss of Rs 201.3 or around 91.1%.

Overall, the S&P BSE SENSEX is up 5.0% over the year.

Current Valuations

At the current price of Rs 19.6, the price to book value (P/BV) ratio of JBF INDUSTRIES stands at 0.1 times.

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

Aug 2, 2019 | Updated on Aug 2, 2019

For the quarter ended June 2019, JBF INDUSTRIES has posted a net profit of Rs 602 m (down 21.4% YoY). Sales on the other hand came in at Rs 7 bn (down 18.2% YoY). Read on for a complete analysis of JBF INDUSTRIES's quarterly results.

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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