JAI CORP LTD Announces Quarterly Results (1QFY20); Net Profit Down 71.0%

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JAI CORP LTD Announces Quarterly Results (1QFY20); Net Profit Down 71.0%
Wed, 14 Aug

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

JAI CORP LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m1,5881,4591,440-1.3%-9.3%
Other incomeRs m635418-66.2%-71.0%
TurnoverRs m1,6511,5131,458-3.6%-11.7%
ExpensesRs m1,3101,2901,266-1.8%-3.4%
Gross profitRs m27869174153.9%-37.5%
DepreciationRs m3737370.3%0.0%
InterestRs m858375-9.3%-10.9%
Profit before taxRs m2203802863.0%-63.6%
TaxRs m824040-0.2%-51.1%
Profit after taxRs m138-3840-71.0%
Gross profit margin%17.54.712.1
Effective tax rate%37.31,488.950.1
Net profit margin%8.3-2.52.7
* 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 9.3% on a year-on-year (YoY) basis. The expenses were down by 3.4% YoY during the same period.
  • The company's operating profit declined by 37.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 1QFY20 as against 17.5% in 1QFY19.
  • Depreciation charges increased by 0.0% and finance costs declined by 10.9% YoY, respectively.
  • Other income declined by 71.0% YoY during the quarter.
  • Net profit for the quarter declined by 71.0% YoY. Net profit margins during the quarter declined from 8.3% in 1QFY19 to 2.7% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.8% QoQ during the same period.
  • The company's operating profit increased by 153.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.1% in 1QFY20 as against 4.7% in 4QFY19.
  • Net profit for the quarter increased by 206.4% QoQ, while net profit margins increased from -2.5% in 4QFY19 to 2.7% in 1QFY20.

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

JAI CORP LTD Share Price Performance

Over the last one year,JAI CORP LTD share price has moved down from Rs 157.2 to Rs 76.6, registering a Loss of Rs 80.6 or around 51.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,013.8 (up 3.1%). Over the last one year it has moved down from 12,945.8 to 9,013.8, a gain of 3,932 points (down 30.4%).

Overall, the S&P BSE SENSEX is down 0.6% over the year.

Current Valuations

At the current price of Rs 76.6, the price to earnings (P/E) ratio of JAI CORP LTD stands at 111.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.0 times.

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