JK CEMENT Announces Quarterly Results (1QFY22); Net Profit Up 280.6%

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JK CEMENT Announces Quarterly Results (1QFY22); Net Profit Up 280.6%
Mon, 16 Aug

JK CEMENT has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

JK CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m10,04821,34117,142-19.7%70.6%
Other incomeRs m201340273-19.7%35.7%
TurnoverRs m10,25021,68217,415-19.7%69.9%
ExpensesRs m7,92316,89813,112-22.4%65.5%
Gross profitRs m2,1264,4444,029-9.3%89.5%
DepreciationRs m7377988071.1%9.5%
InterestRs m6655926245.5%-6.2%
Profit before taxRs m9253,3942,872-15.4%210.3%
TaxRs m4261,251971-22.4%128.0%
Profit after taxRs m4992,1431,901-11.3%280.6%
Gross profit margin%21.220.823.5
Effective tax rate%46.036.933.8
Net profit margin%4.99.910.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 70.6% on a year-on-year (YoY) basis. The expenses were up by 65.5% YoY during the same period.
  • The company's operating profit increased by 89.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.5% in 1QFY22 as against 21.2% in 1QFY21.
  • Depreciation charges increased by 9.5% and finance costs declined by 6.2% YoY, respectively.
  • Other income increased by 35.7% YoY during the quarter.
  • Net profit for the quarter increased by 280.6% YoY. Net profit margins during the quarter increased from 4.9% in 1QFY21 to 10.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 22.4% QoQ during the same period.
  • The company's operating profit declined by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.5% in 1QFY22 as against 20.8% in 4QFY21.
  • Net profit for the quarter declined by 11.3% QoQ, while net profit margins increased from 9.9% in 4QFY21 to 10.9% in 1QFY22.

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

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JK CEMENT Share Price Performance

Over the last one year, JK CEMENT share price has moved up from Rs 1,506.7 to Rs 3,110.0, registering a Gain of Rs 1,603.3 or around 106.4%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 3,110.0, the price to earnings (P/E) ratio of JK CEMENT stands at 28.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.

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