JBF INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 570.2%

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JBF INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Down 570.2%
Fri, 15 Feb

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

JBF INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,1758,6785,737-33.9%-29.8%
Other incomeRs m323149-64-143.0%-119.9%
TurnoverRs m8,4988,8275,672-35.7%-33.2%
ExpensesRs m7,6938,1125,861-27.8%-23.8%
Gross profitRs m482-5,532-124-125.8%
DepreciationRs m237285235-17.6%-0.8%
InterestRs m823300673124.2%-18.2%
Profit before taxRs m-254-5,968-1,096
TaxRs m-91-1,644-1
Profit after taxRs m-163-4,324-1,095
Gross profit margin%5.9-63.8-2.2
Effective tax rate%35.827.60.1
Net profit margin%-1.9-49.0-19.3
* 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 29.8% on a year-on-year (YoY) basis. The expenses were down by 23.8% YoY during the same period.
  • The company's operating profit declined by 125.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.2% in 3QFY19 as against 5.9% in 3QFY18.
  • Depreciation charges declined by 0.8% and finance costs declined by 18.2% YoY, respectively.
  • Other income declined by 119.9% YoY during the quarter.
  • Net profit for the quarter declined by 570.2% YoY. Net profit margins during the quarter declined from -1.9% in 3QFY18 to -19.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 33.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 27.8% QoQ during the same period.
  • The company's operating profit increased by 97.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 2.2% in 3QFY19 as against 63.8% in 2QFY18.
  • Net profit for the quarter increased by 74.7% QoQ, while net profit margins increased from -49.0% in 2QFY18 to -19.3% in 3QFY19.

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 175.4 to Rs 16.0, registering a Loss of Rs 159.5 or around 90.9%.

Overall, the S&P BSE SENSEX is up 4.3% over the year.

Current Valuations

At the current price of Rs 16.0, 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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