JK CEMENT Announces Quarterly Results (3QFY20); Net Profit Up 125.8%

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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 ChangeYoY Change
Net SalesRs m12,73212,54214,04212.0%10.3%
Other incomeRs m11818023731.7%100.5%
TurnoverRs m12,85012,72214,27812.2%11.1%
ExpensesRs m10,62710,00211,26412.6%6.0%
Gross profitRs m2,1052,5402,7779.3%31.9%
DepreciationRs m4865185567.4%14.3%
InterestRs m5645615610.0%-0.4%
Profit before taxRs m1,1731,6411,89715.6%61.7%
TaxRs m564553521-5.7%-7.6%
Profit after taxRs m6091,0881,37626.4%125.8%
Gross profit margin%16.520.319.8
Effective tax rate%48.133.727.5
Net profit margin%4.78.69.6
* 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 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.

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

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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)

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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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