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

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JBF INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Down 111.0%
Thu, 13 Jun

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

JBF INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m9,3155,7376,42512.0%-31.0%
Other incomeRs m299-64-24-108.1%
TurnoverRs m9,6145,6726,40112.8%-33.4%
ExpensesRs m9,5835,8616,68714.1%-30.2%
Gross profitRs m-268-124-822
DepreciationRs m2372352402.0%1.3%
InterestRs m921673585-13.0%-36.5%
Profit before taxRs m-1,126-1,096-1,671
TaxRs m-336-1-3
Profit after taxRs m-790-1,095-1,667
Gross profit margin%-2.9-2.2-12.8
Effective tax rate%29.80.10.2
Net profit margin%-8.2-19.3-26.0
* 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 fell 31.0% on a year-on-year (YoY) basis. The expenses were down by 30.2% YoY during the same period.
  • The company's operating profit increased by 206.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.8% in 4QFY19 as against 2.9% in 4QFY18.
  • Depreciation charges increased by 1.3% and finance costs declined by 36.5% YoY, respectively.
  • Other income declined by 108.1% YoY during the quarter.
  • Net profit for the quarter declined by 111.0% YoY. Net profit margins during the quarter declined from -8.2% in 4QFY18 to -26.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.1% QoQ during the same period.
  • The company's operating profit declined by 561.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.8% in 4QFY19 as against 2.2% in 3QFY18.
  • Net profit for the quarter declined by 52.3% QoQ, while net profit margins declined from -19.3% in 3QFY18 to -26.0% in 4QFY19.

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 65.6 to Rs 14.6, registering a Loss of Rs 51.0 or around 77.8%.

Overall, the S&P BSE SENSEX is up 10.8% over the year.

Current Valuations

At the current price of Rs 14.6, the price to book value (P/BV) ratio of JBF INDUSTRIES stands at 0.1 times.

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Related Views on News

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 (3QFY19); Net Profit Down 570.2% (Quarterly Result Update)

Feb 15, 2019 | Updated on Feb 15, 2019

For the quarter ended December 2018, JBF INDUSTRIES has posted a net profit of Rs 1 bn (down 570.2% YoY). Sales on the other hand came in at Rs 6 bn (down 29.8% YoY). Read on for a complete analysis of JBF INDUSTRIES's quarterly results.

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