JAI CORP LTD Announces Quarterly Results (4QFY19); Net Profit Down 133.6%

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JAI CORP LTD Announces Quarterly Results (4QFY19); Net Profit Down 133.6%
Mon, 27 May

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

JAI CORP LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m1,4911,5001,459-2.7%-2.1%
Other incomeRs m46295487.2%17.9%
TurnoverRs m1,5371,5281,513-1.0%-1.5%
ExpensesRs m1,2521,3251,290-2.7%3.0%
Gross profitRs m23917569-60.8%-71.4%
DepreciationRs m3636370.5%0.5%
InterestRs m848583-2.6%-0.7%
Profit before taxRs m165823-96.7%-98.4%
TaxRs m534540-11.3%-24.2%
Profit after taxRs m11237-38-202.5%-133.6%
Gross profit margin%16.011.74.7
Effective tax rate%32.255.31,488.9
Net profit margin%7.32.4-2.5
* 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 2.1% on a year-on-year (YoY) basis. The expenses were up by 3.0% YoY during the same period.
  • The company's operating profit declined by 71.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 4QFY19 as against 16.0% in 4QFY18.
  • Depreciation charges increased by 0.5% and finance costs declined by 0.7% YoY, respectively.
  • Other income increased by 17.9% YoY during the quarter.
  • Net profit for the quarter declined by 133.6% YoY. Net profit margins during the quarter declined from 7.3% in 4QFY18 to -2.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.7% QoQ during the same period.
  • The company's operating profit declined by 60.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 4.7% in 4QFY19 as against 11.7% in 3QFY18.
  • Net profit for the quarter declined by 202.5% QoQ, while net profit margins declined from 2.4% in 3QFY18 to -2.5% in 4QFY19.

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 132.2 to Rs 123.6, registering a Loss of Rs 8.6 or around 6.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,892.3 (up 0.9%). Over the last one year it has moved down from 13,498.3 to 10,892.3, a gain of 2,606 points (down 19.3%).

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 123.6, the price to earnings (P/E) ratio of JAI CORP LTD stands at 100.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.6 times.

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