JK LAKSHMI CEMENT Announces Quarterly Results (3QFY19); Net Profit Up 71.7%

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JK LAKSHMI CEMENT Announces Quarterly Results (3QFY19); Net Profit Up 71.7%
Mon, 11 Feb

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

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,3748,5149,3509.8%11.7%
Other incomeRs m146150137-8.4%-6.3%
TurnoverRs m8,5208,6649,4879.5%11.3%
ExpensesRs m7,4317,5988,36710.1%12.6%
Gross profitRs m9439169837.2%4.2%
DepreciationRs m448452451-0.2%0.6%
InterestRs m514493471-4.5%-8.3%
Profit before taxRs m12712119863.5%55.4%
TaxRs m41435017.3%21.5%
Profit after taxRs m867814888.9%71.7%
Gross profit margin%11.310.810.5
Effective tax rate%32.535.425.4
Net profit margin%1.00.91.6
* 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 11.7% on a year-on-year (YoY) basis. The expenses were up by 12.6% YoY during the same period.
  • The company's operating profit increased by 4.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 10.5% in 3QFY19.
  • Depreciation charges increased by 0.6% and finance costs declined by 8.3% YoY, respectively.
  • Other income declined by 6.3% YoY during the quarter.
  • Net profit for the quarter increased by 71.7% YoY. Net profit margins during the quarter increased from 1.0% in 3QFY18 to 1.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.1% QoQ during the same period.
  • The company's operating profit declined by 7.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.5% in 3QFY19 as against 10.8% in 2QFY18.
  • Net profit for the quarter increased by 88.9% QoQ, while net profit margins increased from 0.9% in 2QFY18 to 1.6% in 3QFY19.

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 415.2 to Rs 303.6, registering a Loss of Rs 111.6 or around 26.9%.

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 303.6, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 50.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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