JAI CORP LTD Announces Quarterly Results (3QFY19); Net Profit Down 19.9%

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JAI CORP LTD Announces Quarterly Results (3QFY19); Net Profit Down 19.9%
Wed, 13 Feb

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

JAI CORP LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m1,4681,6971,500-11.6%2.2%
Other incomeRs m144629-37.5%110.2%
TurnoverRs m1,4811,7431,528-12.3%3.2%
ExpensesRs m1,2621,4731,325-10.1%5.0%
Gross profitRs m206224175-22.0%-15.0%
DepreciationRs m383736-0.5%-2.9%
InterestRs m868685-0.2%-1.0%
Profit before taxRs m9614882-44.7%-14.3%
TaxRs m506445-29.5%-9.2%
Profit after taxRs m468437-56.4%-19.9%
Gross profit margin%14.013.211.7
Effective tax rate%52.243.455.3
Net profit margin%3.14.82.4
* 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 2.2% on a year-on-year (YoY) basis. The expenses were up by 5.0% YoY during the same period.
  • The company's operating profit declined by 15.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.7% in 3QFY19 as against 14.0% in 3QFY18.
  • Depreciation charges declined by 2.9% and finance costs declined by 1.0% YoY, respectively.
  • Other income increased by 110.2% YoY during the quarter.
  • Net profit for the quarter declined by 19.9% YoY. Net profit margins during the quarter declined from 3.1% in 3QFY18 to 2.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.1% 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 11.7% in 3QFY19 as against 13.2% in 2QFY18.
  • Net profit for the quarter declined by 56.4% QoQ, while net profit margins declined from 4.8% in 2QFY18 to 2.4% in 3QFY19.

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 up from Rs 168.3 to Rs 88.3, registering a Loss of Rs 80.0 or around 47.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,352.5 (down 0.2%). Over the last one year it has moved down from 15,253.5 to 10,352.5, a gain of 4,901 points (down 32.1%).

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 88.3, the price to earnings (P/E) ratio of JAI CORP LTD stands at 42.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

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