JK CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 55.5%

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JK CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 55.5%
Tue, 21 May

JK CEMENT has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

JK CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m13,16012,73214,91917.2%13.4%
Other incomeRs m533118349196.2%-34.4%
TurnoverRs m13,69312,85015,26918.8%11.5%
ExpensesRs m11,34010,62712,12414.1%6.9%
Gross profitRs m1,7292,1052,79532.7%61.7%
DepreciationRs m4704864972.1%5.7%
InterestRs m562564533-5.4%-5.1%
Profit before taxRs m1,2301,1732,11480.2%71.9%
TaxRs m2655646148.9%131.6%
Profit after taxRs m9656091,500146.2%55.5%
Gross profit margin%13.116.518.7
Effective tax rate%21.648.129.1
Net profit margin%7.04.79.8
* 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 13.4% on a year-on-year (YoY) basis. The expenses were up by 6.9% YoY during the same period.
  • The company's operating profit increased by 61.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 4QFY19 as against 13.1% in 4QFY18.
  • Depreciation charges increased by 5.7% and finance costs declined by 5.1% YoY, respectively.
  • Other income declined by 34.4% YoY during the quarter.
  • Net profit for the quarter increased by 55.5% YoY. Net profit margins during the quarter increased from 7.0% in 4QFY18 to 9.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 17.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.1% QoQ during the same period.
  • The company's operating profit increased by 32.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.7% in 4QFY19 as against 16.5% in 3QFY18.
  • Net profit for the quarter increased by 146.2% QoQ, while net profit margins increased from 4.7% in 3QFY18 to 9.8% in 4QFY19.

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 958.0 to Rs 909.5, registering a Loss of Rs 48.5 or around 5.1%.

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 909.5, the price to earnings (P/E) ratio of JK CEMENT stands at 24.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.2 times.

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