JAI CORP Announces Quarterly Results (1QFY22); Net Profit Up 625.7%

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JAI CORP Announces Quarterly Results (1QFY22); Net Profit Up 625.7%
Mon, 16 Aug

JAI CORP has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

JAI CORP Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m9741,3771,86135.1%91.2%
Other incomeRs m42414816.2%14.3%
TurnoverRs m1,0161,4191,90934.6%88.0%
ExpensesRs m9611,2001,72343.6%79.3%
Gross profitRs m13178139-22.0%958.8%
DepreciationRs m363433-3.2%-7.0%
InterestRs m483318-46.2%-62.8%
Profit before taxRs m-28152136-10.5%
TaxRs m-105238-27.7%
Profit after taxRs m-1910098-1.6%
Gross profit margin%1.312.97.5
Effective tax rate%33.734.227.7
Net profit margin%-1.87.05.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 91.2% on a year-on-year (YoY) basis. The expenses were up by 79.3% YoY during the same period.
  • The company's operating profit increased by 958.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 7.5% in 1QFY22 as against 1.3% in 1QFY21.
  • Depreciation charges declined by 7.0% and finance costs declined by 62.8% YoY, respectively.
  • Other income increased by 14.3% YoY during the quarter.
  • Net profit for the quarter increased by 625.7% YoY. Net profit margins during the quarter increased from -1.8% in 1QFY21 to 5.1% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 35.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 43.6% QoQ during the same period.
  • The company's operating profit declined by 22.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.5% in 1QFY22 as against 12.9% in 4QFY21.
  • Net profit for the quarter declined by 1.6% QoQ, while net profit margins declined from 7.0% in 4QFY21 to 5.1% in 1QFY22.

To see how JAI CORP has performed over the last eight quarters,please visit here.

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JAI CORP Share Price Performance

Over the last one year, JAI CORP share price has moved up from Rs 91.4 to Rs 134.9, registering a Gain of Rs 43.5 or around 47.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 21,542.3 (up 1.8%). Over the last one year it has moved up from 8,742.4 to 21,542.3, a gain of 12,800 points (up 146.4%).

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 134.9, the price to earnings (P/E) ratio of JAI CORP stands at 23.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.8 times.

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