JK CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 211.8%

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JK CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 211.8%
Mon, 5 Aug

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

JK CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m11,15614,91913,280-11.0%19.0%
Other incomeRs m158349172-50.8%9.0%
TurnoverRs m11,31415,26913,452-11.9%18.9%
ExpensesRs m9,65212,12410,245-15.5%6.1%
Gross profitRs m1,5042,7953,0358.6%101.8%
DepreciationRs m474497494-0.5%4.1%
InterestRs m5475335340.2%-2.3%
Profit before taxRs m6402,1142,1793.1%240.4%
TaxRs m1476146414.3%336.3%
Profit after taxRs m4931,5001,5382.6%211.8%
Gross profit margin%13.518.722.9
Effective tax rate%22.929.129.4
Net profit margin%4.49.811.4
* 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 19.0% on a year-on-year (YoY) basis. The expenses were up by 6.1% YoY during the same period.
  • The company's operating profit increased by 101.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 1QFY20 as against 13.5% in 1QFY19.
  • Depreciation charges increased by 4.1% and finance costs declined by 2.3% YoY, respectively.
  • Other income increased by 9.0% YoY during the quarter.
  • Net profit for the quarter increased by 211.8% YoY. Net profit margins during the quarter increased from 4.4% in 1QFY19 to 11.4% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.5% QoQ during the same period.
  • The company's operating profit increased by 8.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 22.9% in 1QFY20 as against 18.7% in 4QFY19.
  • Net profit for the quarter increased by 2.6% QoQ, while net profit margins increased from 9.8% in 4QFY19 to 11.4% in 1QFY20.

To see how JK CEMENT has performed over the last eight quarters,please visit here.

JK CEMENT Share Price Performance

Over the last one year,JK CEMENT share price has moved up from Rs 762.8 to Rs 965.6, registering a Gain of Rs 202.9 or around 26.6%.

Overall, the S&P BSE SENSEX is down 1.7% over the year.

Current Valuations

At the current price of Rs 965.6, the price to earnings (P/E) ratio of JK CEMENT stands at 18.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.4 times.

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Related Views on News

JK CEMENT 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of JK CEMENT for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of JK CEMENT. Also includes updates on the valuation of JK CEMENT.

JK CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 55.5% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, JK CEMENT has posted a net profit of Rs 2 bn (up 55.5% YoY). Sales on the other hand came in at Rs 15 bn (up 13.4% YoY). Read on for a complete analysis of JK CEMENT's quarterly results.

JK CEMENT Announces Quarterly Results (3QFY19); Net Profit Down 16.5% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, JK CEMENT has posted a net profit of Rs 609 m (down 16.5% YoY). Sales on the other hand came in at Rs 13 bn (up 13.1% YoY). Read on for a complete analysis of JK CEMENT's quarterly results.

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