JK LAKSHMI CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 186.5%

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JK LAKSHMI CEMENT Announces Quarterly Results (1QFY20); Net Profit Up 186.5%
Wed, 7 Aug

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

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m9,23411,72510,419-11.1%12.8%
Other incomeRs m11016659-64.5%-46.4%
TurnoverRs m9,34411,89110,478-11.9%12.1%
ExpensesRs m8,29610,4128,721-16.2%5.1%
Gross profitRs m9391,3121,3966.3%48.7%
DepreciationRs m4464464531.5%1.6%
InterestRs m451458399-12.9%-11.5%
Profit before taxRs m1525746035.0%297.3%
TaxRs m1414220947.5%1369.7%
Profit after taxRs m138433394-8.9%186.5%
Gross profit margin%10.211.213.4
Effective tax rate%9.424.734.6
Net profit margin%1.53.63.8
* 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 12.8% on a year-on-year (YoY) basis. The expenses were up by 5.1% YoY during the same period.
  • The company's operating profit increased by 48.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 1QFY20 as against 10.2% in 1QFY19.
  • Depreciation charges increased by 1.6% and finance costs declined by 11.5% YoY, respectively.
  • Other income declined by 46.4% YoY during the quarter.
  • Net profit for the quarter increased by 186.5% YoY. Net profit margins during the quarter increased from 1.5% in 1QFY19 to 3.8% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 16.2% QoQ during the same period.
  • The company's operating profit increased by 6.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.4% in 1QFY20 as against 11.2% in 4QFY19.
  • Net profit for the quarter declined by 8.9% QoQ, while net profit margins increased from 3.6% in 4QFY19 to 3.8% in 1QFY20.

To see how JK LAKSHMI CEMENT has performed over the last eight quarters,please visit here.

JK LAKSHMI CEMENT Share Price Performance

Over the last one year,JK LAKSHMI CEMENT share price has moved up from Rs 321.6 to Rs 342.1, registering a Gain of Rs 20.5 or around 6.4%.

Overall, the S&P BSE SENSEX is down 1.9% over the year.

Current Valuations

At the current price of Rs 342.1, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 38.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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