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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