JK LAKSHMI CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 41.0%

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JK LAKSHMI CEMENT Announces Quarterly Results (2QFY19); Net Profit Down 41.0%
Thu, 15 Nov

JK LAKSHMI CEMENT has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,7679,2348,514-7.8%9.6%
Other incomeRs m16911015036.0%-11.6%
TurnoverRs m7,9369,3448,664-7.3%9.2%
ExpensesRs m6,8128,2967,598-8.4%11.5%
Gross profitRs m954939916-2.4%-4.0%
DepreciationRs m4474464521.3%1.1%
InterestRs m4894514939.3%1.0%
Profit before taxRs m188152121-20.3%-35.7%
TaxRs m561443201.4%-23.2%
Profit after taxRs m13213878-43.2%-41.0%
Gross profit margin%12.310.210.8
Effective tax rate%29.69.435.4
Net profit margin%1.71.50.9
* 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 9.6% on a year-on-year (YoY) basis. The expenses were up by 11.5% YoY during the same period.
  • The company's operating profit declined by 4.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.8% in 2QFY19 as against 12.3% in 2QFY18.
  • Depreciation charges increased by 1.1% and finance costs increased by 1.0% YoY, respectively.
  • Other income declined by 11.6% YoY during the quarter.
  • Net profit for the quarter declined by 41.0% YoY. Net profit margins during the quarter declined from 1.7% in 2QFY18 to 0.9% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 7.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.4% QoQ during the same period.
  • The company's operating profit increased by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.8% in 2QFY19 as against 10.2% in 1QFY18.
  • Net profit for the quarter declined by 43.2% QoQ, while net profit margins declined from 1.5% in 1QFY18 to 0.9% in 2QFY19.

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 435.4 to Rs 265.9, registering a Loss of Rs 169.5 or around 38.9%.

Overall, the S&P BSE SENSEX is up 6.8% over the year.

Current Valuations

At the current price of Rs 265.9, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 48.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.2 times.

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