JK LAKSHMI CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 27.8%

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JK LAKSHMI CEMENT Announces Quarterly Results (4QFY19); Net Profit Up 27.8%
Fri, 24 May

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

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m8,9709,35011,72525.4%30.7%
Other incomeRs m26413716621.2%-37.0%
TurnoverRs m9,2339,48711,89125.3%28.8%
ExpensesRs m7,9578,36710,41224.4%30.9%
Gross profitRs m1,0139831,31233.6%29.6%
DepreciationRs m459451446-1.0%-2.8%
InterestRs m480471458-2.8%-4.5%
Profit before taxRs m338198574190.3%70.1%
TaxRs m-150142181.9%
Profit after taxRs m338148433193.2%27.8%
Gross profit margin%11.310.511.2
Effective tax rate%-0.325.424.7
Net profit margin%3.71.63.6
* 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 30.7% on a year-on-year (YoY) basis. The expenses were up by 30.9% YoY during the same period.
  • The company's operating profit increased by 29.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.2% in 4QFY19.
  • Depreciation charges declined by 2.8% and finance costs declined by 4.5% YoY, respectively.
  • Other income declined by 37.0% YoY during the quarter.
  • Net profit for the quarter increased by 27.8% YoY. Net profit margins during the quarter declined from 3.7% in 4QFY18 to 3.6% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 25.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 24.4% QoQ during the same period.
  • The company's operating profit increased by 33.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.2% in 4QFY19 as against 10.5% in 3QFY18.
  • Net profit for the quarter increased by 193.2% QoQ, while net profit margins increased from 1.6% in 3QFY18 to 3.6% in 4QFY19.

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 381.0 to Rs 369.6, registering a Loss of Rs 11.4 or around 3.0%.

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 369.6, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 54.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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