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- JK CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 125.8%
JK CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 125.8%
Mon, 10 Feb
JK CEMENT has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:
JK CEMENT Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-18* | 3 Sep-19* | 3 Dec-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 12,732 | 12,542 | 14,042 | 12.0% | 10.3% |
| Other income | Rs m | 118 | 180 | 237 | 31.7% | 100.5% |
| Turnover | Rs m | 12,850 | 12,722 | 14,278 | 12.2% | 11.1% |
| Expenses | Rs m | 10,627 | 10,002 | 11,264 | 12.6% | 6.0% |
| Gross profit | Rs m | 2,105 | 2,540 | 2,777 | 9.3% | 31.9% |
| Depreciation | Rs m | 486 | 518 | 556 | 7.4% | 14.3% |
| Interest | Rs m | 564 | 561 | 561 | 0.0% | -0.4% |
| Profit before tax | Rs m | 1,173 | 1,641 | 1,897 | 15.6% | 61.7% |
| Tax | Rs m | 564 | 553 | 521 | -5.7% | -7.6% |
| Profit after tax | Rs m | 609 | 1,088 | 1,376 | 26.4% | 125.8% |
| Gross profit margin | % | 16.5 | 20.3 | 19.8 | ||
| Effective tax rate | % | 48.1 | 33.7 | 27.5 | ||
| Net profit margin | % | 4.7 | 8.6 | 9.6 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 10.3% on a year-on-year (YoY) basis. The expenses were up by 6.0% YoY during the same period.
- The company's operating profit increased by 31.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.8% in 3QFY20 as against 16.5% in 3QFY19.
- Depreciation charges increased by 14.3% and finance costs declined by 0.4% YoY, respectively.
- Other income increased by 100.5% YoY during the quarter.
- Net profit for the quarter increased by 125.8% YoY. Net profit margins during the quarter increased from 4.7% in 3QFY19 to 9.6% in 3QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 12.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.6% QoQ during the same period.
- The company's operating profit increased by 9.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.8% in 3QFY20 as against 20.3% in 2QFY19.
- Net profit for the quarter increased by 26.4% QoQ, while net profit margins increased from 8.6% in 2QFY19 to 9.6% in 3QFY20.
To see how JK CEMENT has performed over the last eight quarters,please visit here.
DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...
JK CEMENT Share Price Performance
Over the last one year,JK CEMENT share price has moved up from Rs 694.3 to Rs 1,428.6, registering a Gain of Rs 734.3 or around 105.8%.
Overall, the S&P BSE SENSEX is up 10.4% over the year.
Current Valuations
At the current price of Rs 1,428.6, the price to earnings (P/E) ratio of JK CEMENT stands at 18.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.7 times.
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JK CEMENT Announces Quarterly Results (3QFY21); Net Profit Up 73.2% (Quarterly Result Update)
Feb 10, 2021 | Updated on Feb 10, 2021For the quarter ended December 2020, JK CEMENT has posted a net profit of Rs 2 bn (up 73.2% YoY). Sales on the other hand came in at Rs 18 bn (up 25.3% YoY). Read on for a complete analysis of JK CEMENT's quarterly results.
JK CEMENT 2019-20 Annual Report Analysis (Annual Result Update)
Dec 1, 2020 | Updated on Dec 1, 2020Here's an analysis of the annual report of JK CEMENT for 2019-20. 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 2018-19 Annual Report Analysis (Annual Result Update)
Sep 23, 2019 | Updated on Sep 23, 2019Here'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, 2019For 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.
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