X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
JK CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 96.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

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.

Equitymaster requests your view! Post a comment on "JK CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 96.8%". Click here!

  

Related Views on News

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.

JK CEMENT Announces Quarterly Results (1QFY19); Net Profit Down 37.8% (Quarterly Result Update)

Jul 31, 2018 | Updated on Jul 31, 2018

For the quarter ended June 2018, JK CEMENT has posted a net profit of Rs 493 m (down 37.8% YoY). Sales on the other hand came in at Rs 11 bn (down 7.7% YoY). Read on for a complete analysis of JK CEMENT's quarterly results.

More Views on News

Most Popular

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

A Simple 3-Point Investing Manifesto for You the Indian Investor(The 5 Minute Wrapup)

Apr 11, 2019

A must have checklist for every investor in the Indian stock market.

My Master Series on How to Trade Election 2019(Profit Hunter)

Apr 16, 2019

For 30 years he has watched how elections impact the markets, and practiced how to profit from it. Now he is here...telling you everything. Read on...

Election Series: Follow the World's Biggest Traders To See Where the Money Flows(The 5 Minute Wrapup)

Apr 17, 2019

20% of all the traders bring in 80% of the money. Watch these 20% and you get a working idea of which way the wind is blowing.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

JK CEMENT SHARE PRICE


Apr 24, 2019 (Close)

TRACK JK CEMENT

  • Track your investment in JK CEMENT with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE JK CEMENT WITH

MARKET STATS