JK LAKSHMI CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 487.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

JK LAKSHMI CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 487.8%
Mon, 4 Nov

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

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m8,51410,4199,355-10.2%9.9%
Other incomeRs m15059624.9%-58.6%
TurnoverRs m8,66410,4789,417-10.1%8.7%
ExpensesRs m7,5988,7217,868-9.8%3.6%
Gross profitRs m9161,3961,4876.5%62.2%
DepreciationRs m452453437-3.6%-3.3%
InterestRs m493399384-3.8%-22.1%
Profit before taxRs m12160372820.7%501.7%
TaxRs m4320926828.6%527.1%
Profit after taxRs m7839445916.5%487.8%
Gross profit margin%10.813.415.9
Effective tax rate%35.434.636.9
Net profit margin%0.93.84.9
* 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 9.9% on a year-on-year (YoY) basis. The expenses were up by 3.6% YoY during the same period.
  • The company's operating profit increased by 62.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.9% in 2QFY20 as against 10.8% in 2QFY19.
  • Depreciation charges declined by 3.3% and finance costs declined by 22.1% YoY, respectively.
  • Other income declined by 58.6% YoY during the quarter.
  • Net profit for the quarter increased by 487.8% YoY. Net profit margins during the quarter increased from 0.9% in 2QFY19 to 4.9% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 10.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.8% QoQ during the same period.
  • The company's operating profit increased by 6.5% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.9% in 2QFY20 as against 13.4% in 1QFY19.
  • Net profit for the quarter increased by 16.5% QoQ, while net profit margins increased from 3.8% in 1QFY19 to 4.9% in 2QFY20.

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

BREAKING: Full Details of the #1 Investment of the Decade...

JK LAKSHMI CEMENT Share Price Performance

Over the last one year,JK LAKSHMI CEMENT share price has moved up from Rs 269.2 to Rs 302.0, registering a Gain of Rs 32.8 or around 12.2%.

Overall, the S&P BSE SENSEX is up 17.2% over the year.

Current Valuations

At the current price of Rs 302.0, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 24.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.4 times.

Equitymaster requests your view! Post a comment on "JK LAKSHMI CEMENT Announces Quarterly Results (2QFY20); Net Profit Up 487.8%". Click here!

  

Related Views on News

JK LAKSHMI CEMENT Announces Quarterly Results (4QFY20); Net Profit Up 132.9% (Quarterly Result Update)

May 21, 2020 | Updated on May 21, 2020

For the quarter ended March 2020, JK LAKSHMI CEMENT has posted a net profit of Rs 1 bn (up 132.9% YoY). Sales on the other hand came in at Rs 11 bn (down 9.5% YoY). Read on for a complete analysis of JK LAKSHMI CEMENT's quarterly results.

JK LAKSHMI CEMENT 2018-19 Annual Report Analysis (Annual Result Update)

Sep 23, 2019 | Updated on Sep 23, 2019

Here's an analysis of the annual report of JK LAKSHMI CEMENT for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of JK LAKSHMI CEMENT. Also includes updates on the valuation of JK LAKSHMI CEMENT.

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

Aug 7, 2019 | Updated on Aug 7, 2019

For the quarter ended June 2019, JK LAKSHMI CEMENT has posted a net profit of Rs 394 m (up 186.5% YoY). Sales on the other hand came in at Rs 10 bn (up 12.8% YoY). Read on for a complete analysis of JK LAKSHMI CEMENT's quarterly results.

JK LAKSHMI CEMENT 2017-18 Annual Report Analysis (Annual Result Update)

Aug 20, 2018 | Updated on Aug 20, 2018

Here's an analysis of the annual report of JK LAKSHMI CEMENT for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JK LAKSHMI CEMENT. Also includes updates on the valuation of JK LAKSHMI CEMENT.

More Views on News

Most Popular

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

JK LAKSHMI CEMENT SHARE PRICE


May 29, 2020 (Close)

TRACK JK LAKSHMI CEMENT

  • Track your investment in JK LAKSHMI CEMENT with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON JK LAKSHMI CEMENT

JK LAKSHMI CEMENT - ANHUICONCH COMPARISON

COMPARE JK LAKSHMI CEMENT WITH

MARKET STATS