JAIN IRRIGATION Announces Quarterly Results (3QFY19); Net Profit Up 36.5%

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?  

JAIN IRRIGATION Announces Quarterly Results (3QFY19); Net Profit Up 36.5%
Tue, 19 Feb

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

JAIN IRRIGATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m18,89618,95120,3777.5%7.8%
Other incomeRs m382234917292.0%139.9%
TurnoverRs m19,27919,18521,29411.0%10.5%
ExpensesRs m16,67516,80018,1558.1%8.9%
Gross profitRs m2,2222,1822,2221.8%0.0%
DepreciationRs m841785758-3.4%-9.9%
InterestRs m1,1801,3211,3361.2%13.2%
Profit before taxRs m5833111,045236.3%79.3%
TaxRs m-859613338.4%
Profit after taxRs m668214911325.4%36.5%
Gross profit margin%11.811.510.9
Effective tax rate%-14.631.012.8
Net profit margin%3.51.14.3
* 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 grew 7.8% on a year-on-year (YoY) basis. The expenses were up by 8.9% YoY during the same period.
  • The company's operating profit increased by 0.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.9% in 3QFY19 as against 11.8% in 3QFY18.
  • Depreciation charges declined by 9.9% and finance costs increased by 13.2% YoY, respectively.
  • Other income increased by 139.9% YoY during the quarter.
  • Net profit for the quarter increased by 36.5% YoY. Net profit margins during the quarter increased from 3.5% in 3QFY18 to 4.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 7.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.1% QoQ during the same period.
  • The company's operating profit declined by 1.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.9% in 3QFY19 as against 11.5% in 2QFY18.
  • Net profit for the quarter increased by 325.4% QoQ, while net profit margins increased from 1.1% in 2QFY18 to 4.3% in 3QFY19.

To see how JAIN IRRIGATION has performed over the last eight quarters, please visit here.

JAIN IRRIGATION Share Price Performance

Over the last one year, JAIN IRRIGATION share price has moved up from Rs 117.6 to Rs 54.0, registering a Loss of Rs 63.6 or around 54.1%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,449.8 (up 0.8%). Over the last one year it has moved down from 18,900.9 to 16,449.8, a gain of 2,451 points (down 13.0%).

Overall, the S&P BSE SENSEX is up 5.5% over the year.

Current Valuations

At the current price of Rs 54.0, the price to earnings (P/E) ratio of JAIN IRRIGATION stands at 8.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

Equitymaster requests your view! Post a comment on "JAIN IRRIGATION Announces Quarterly Results (3QFY19); Net Profit Up 36.5%". Click here!

  

Related Views on News

JAIN IRRIGATION 2018-19 Annual Report Analysis (Annual Result Update)

Sep 19, 2019 | Updated on Sep 19, 2019

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

JAIN IRRIGATION Announces Quarterly Results (4QFY19); Net Profit Down 39.2% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, JAIN IRRIGATION has posted a net profit of Rs 555 m (down 39.2% YoY). Sales on the other hand came in at Rs 26 bn (down 7.0% YoY). Read on for a complete analysis of JAIN IRRIGATION's quarterly results.

JAIN IRRIGATION 2017-18 Annual Report Analysis (Annual Result Update)

Dec 18, 2018 | Updated on Dec 18, 2018

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

Garden Reach Shipbuilders and Engineers Ltd: Is This PSU Shipbuilder Worth Betting On? (IPO)

Sep 24, 2018

Should you apply for the IPO of Garden Reach Shipbuilders and Engineers Ltd?

H.G Infra Engineering Ltd. (IPO)

Feb 24, 2018

Should you subscribe to the IPO of H.G Infra Engineering Ltd.?

More Views on News

Most Popular

My Latest Stock Recommendation(Fast Profits Daily)

Jan 10, 2020

The story behind my latest stock recommendation and an important announcement.

Saffron Curtain = Hindutva Rate of Growth?(The Honest Truth)

Jan 8, 2020

Will the Indian economy revert to a sub-3% growth rate?

Multibaggers of the Next Decade(The 5 Minute Wrapup)

Jan 6, 2020

The one key ingredient to be seen amongst top multibaggers of the next decade

Your Safe Income Options for 2020(Fast Profits Daily)

Jan 9, 2020

What are you safest investing options in 2020 when interest rates fall.

Bet on These Smallcap Stocks for Success in 2020(Profit Hunter)

Jan 14, 2020

The smallcap rebound finally seems to here... Make sure you aren't too late to make the most of the biggest wealth making opportunity in a decade.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get our special report, Secret to Increasing Your Trading Profits Today Now!
We will never sell or rent your email id.
Please read our Terms

JAIN IRRIGATION SHARE PRICE


Jan 17, 2020 (Close)

TRACK JAIN IRRIGATION

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

MORE ON JAIN IRRIGATION

JAIN IRRIGATION 5-YR ANALYSIS

COMPARE JAIN IRRIGATION WITH

MARKET STATS