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

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JK LAKSHMI CEMENT Announces Quarterly Results (4QFY20); Net Profit Up 132.9%
Thu, 21 May

JK LAKSHMI CEMENT has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

JK LAKSHMI CEMENT Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m11,72510,05010,6125.6%-9.5%
Other incomeRs m16614722553.1%35.5%
TurnoverRs m11,89110,19610,8376.3%-8.9%
ExpensesRs m10,4128,5318,5920.7%-17.5%
Gross profitRs m1,3121,5192,02033.0%53.9%
DepreciationRs m4464855105.2%14.2%
InterestRs m458428425-0.8%-7.3%
Profit before taxRs m5747541,31174.0%128.4%
TaxRs m14226230315.9%114.4%
Profit after taxRs m4334921,008104.9%132.9%
Gross profit margin%11.215.119.0
Effective tax rate%24.734.723.1
Net profit margin%3.64.89.3
* 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 fell 9.5% on a year-on-year (YoY) basis. The expenses were down by 17.5% YoY during the same period.
  • The company's operating profit increased by 53.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.0% in 4QFY20 as against 11.2% in 4QFY19.
  • Depreciation charges increased by 14.2% and finance costs declined by 7.3% YoY, respectively.
  • Other income increased by 35.5% YoY during the quarter.
  • Net profit for the quarter increased by 132.9% YoY. Net profit margins during the quarter increased from 3.6% in 4QFY19 to 9.3% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.7% QoQ during the same period.
  • The company's operating profit increased by 33.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.0% in 4QFY20 as against 15.1% in 3QFY19.
  • Net profit for the quarter increased by 104.9% QoQ, while net profit margins increased from 4.8% in 3QFY19 to 9.3% in 4QFY20.

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 down from Rs 365.8 to Rs 210.7, registering a Loss of Rs 155.1 or around 42.4%.

Overall, the S&P BSE SENSEX is down 21.3% over the year.

Current Valuations

At the current price of Rs 210.7, the price to earnings (P/E) ratio of JK LAKSHMI CEMENT stands at 10.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.7 times.

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