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

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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.

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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.

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