JK CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 96.8%

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JK CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 96.8%
Mon, 5 Nov

JK CEMENT has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

JK CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m11,07711,15610,111-9.4%-8.7%
Other incomeRs m34415885-46.4%-75.4%
TurnoverRs m11,42111,31410,196-9.9%-10.7%
ExpensesRs m9,0059,6529,8572.1%9.5%
Gross profitRs m1,9941,504254-83.1%-87.2%
DepreciationRs m492474127-73.2%-74.2%
InterestRs m633547172-68.6%-72.9%
Profit before taxRs m1,21364040-93.7%-96.7%
TaxRs m28114710-92.9%-96.3%
Profit after taxRs m93149330-93.9%-96.8%
Gross profit margin%18.013.52.5
Effective tax rate%23.222.925.8
Net profit margin%8.24.40.3
* 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 8.7% on a year-on-year (YoY) basis. The expenses were up by 9.5% YoY during the same period.
  • The company's operating profit declined by 87.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 2QFY19 as against 18.0% in 2QFY18.
  • Depreciation charges declined by 74.2% and finance costs declined by 72.9% YoY, respectively.
  • Other income declined by 75.4% YoY during the quarter.
  • Net profit for the quarter declined by 96.8% YoY. Net profit margins during the quarter declined from 8.2% in 2QFY18 to 0.3% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit declined by 83.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 2.5% in 2QFY19 as against 13.5% in 1QFY18.
  • Net profit for the quarter declined by 93.9% QoQ, while net profit margins declined from 4.4% in 1QFY18 to 0.3% in 2QFY19.

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 1,000.5 to Rs 685.0, registering a Loss of Rs 315.5 or around 31.5%.

Overall, the S&P BSE SENSEX is up 3.8% over the year.

Current Valuations

At the current price of Rs 685.0, the price to earnings (P/E) ratio of JK CEMENT stands at 21.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

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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 (1QFY20); Net Profit Up 211.8% (Quarterly Result Update)

Aug 5, 2019 | Updated on Aug 5, 2019

For the quarter ended June 2019, JK CEMENT has posted a net profit of Rs 2 bn (up 211.8% YoY). Sales on the other hand came in at Rs 13 bn (up 19.0% YoY). Read on for a complete analysis of JK CEMENT's quarterly results.

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.

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