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

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JK CEMENT Announces Quarterly Results (3QFY19); Net Profit Down 16.5%
Mon, 4 Feb

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

JK CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m11,26110,11112,73225.9%13.1%
Other incomeRs m2498511839.4%-52.6%
TurnoverRs m11,51010,19612,85026.0%11.6%
ExpensesRs m9,5599,85710,6277.8%11.2%
Gross profitRs m1,7012542,105727.5%23.8%
DepreciationRs m451127486283.0%7.9%
InterestRs m578172564228.4%-2.4%
Profit before taxRs m922401,1732801.7%27.3%
TaxRs m193105645297.9%192.9%
Profit after taxRs m729306091931.6%-16.5%
Gross profit margin%15.12.516.5
Effective tax rate%20.925.848.1
Net profit margin%6.30.34.7
* 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 13.1% on a year-on-year (YoY) basis. The expenses were up by 11.2% YoY during the same period.
  • The company's operating profit increased by 23.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 3QFY19 as against 15.1% in 3QFY18.
  • Depreciation charges increased by 7.9% and finance costs declined by 2.4% YoY, respectively.
  • Other income declined by 52.6% YoY during the quarter.
  • Net profit for the quarter declined by 16.5% YoY. Net profit margins during the quarter declined from 6.3% in 3QFY18 to 4.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.8% QoQ during the same period.
  • The company's operating profit increased by 727.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 3QFY19 as against 2.5% in 2QFY18.
  • Net profit for the quarter increased by 1931.6% QoQ, while net profit margins increased from 0.3% in 2QFY18 to 4.7% in 3QFY19.

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 1,095.2 to Rs 715.9, registering a Loss of Rs 379.3 or around 34.6%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 715.9, the price to earnings (P/E) ratio of JK CEMENT stands at 23.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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

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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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