JK LAKSHMI CEMENT Announces Quarterly Results (1QFY21); Net Profit Up 12.7%

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JK LAKSHMI CEMENT Announces Quarterly Results (1QFY21); Net Profit Up 12.7%
Thu, 20 Aug

JK LAKSHMI CEMENT has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m10,41910,6128,252-22.2%-20.8%
Other incomeRs m5922582-63.7%38.5%
TurnoverRs m10,47810,8378,333-23.1%-20.5%
ExpensesRs m8,7218,5926,818-20.6%-21.8%
Gross profitRs m1,3962,0201,433-29.1%2.7%
DepreciationRs m453510484-5.0%6.9%
InterestRs m399425378-11.0%-5.3%
Profit before taxRs m6031,311653-50.2%8.3%
TaxRs m209303209-31.2%0.0%
Profit after taxRs m3941,008444-55.9%12.7%
Gross profit margin%13.419.017.4
Effective tax rate%34.623.132.0
Net profit margin%3.89.35.3
* 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 fell 20.8% on a year-on-year (YoY) basis. The expenses were down by 21.8% YoY during the same period.
  • The company's operating profit increased by 2.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 1QFY21 as against 13.4% in 1QFY20.
  • Depreciation charges increased by 6.9% and finance costs declined by 5.3% YoY, respectively.
  • Other income increased by 38.5% YoY during the quarter.
  • Net profit for the quarter increased by 12.7% YoY. Net profit margins during the quarter increased from 3.8% in 1QFY20 to 5.3% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 22.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 20.6% QoQ during the same period.
  • The company's operating profit declined by 29.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.4% in 1QFY21 as against 19.0% in 4QFY20.
  • Net profit for the quarter declined by 55.9% QoQ, while net profit margins declined from 9.3% in 4QFY20 to 5.3% in 1QFY21.

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

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JK LAKSHMI CEMENT Share Price Performance

Over the last one year,JK LAKSHMI CEMENT share price has moved down from Rs 325.6 to Rs 275.0, registering a Loss of Rs 50.6 or around 15.5%.

Overall, the S&P BSE SENSEX is up 2.5% over the year.

Current Valuations

At the current price of Rs 275.0, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 13.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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