X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
JAIN IRRIGATION Announces Quarterly Results (4QFY19); Net Profit Down 39.2%

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 (4QFY19); Net Profit Down 39.2%
Mon, 3 Jun

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

JAIN IRRIGATION Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m27,77720,37725,83126.8%-7.0%
Other incomeRs m-92917646-29.6%
TurnoverRs m27,68621,29426,47624.3%-4.4%
ExpensesRs m23,77518,15523,34228.6%-1.8%
Gross profitRs m4,0022,2222,48912.0%-37.8%
DepreciationRs m870758720-5.1%-17.3%
InterestRs m1,3261,3361,129-15.5%-14.9%
Profit before taxRs m1,7151,0451,28623.1%-25.0%
TaxRs m803133731448.1%-8.9%
Profit after taxRs m912911555-39.1%-39.2%
Gross profit margin%14.410.99.6
Effective tax rate%46.812.856.9
Net profit margin%3.34.32.1
* 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 7.0% on a year-on-year (YoY) basis. The expenses were down by 1.8% YoY during the same period.
  • The company's operating profit declined by 37.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 4QFY19 as against 14.4% in 4QFY18.
  • Depreciation charges declined by 17.3% and finance costs declined by 14.9% YoY, respectively.
  • Other income declined by 805.5% YoY during the quarter.
  • Net profit for the quarter declined by 39.2% YoY. Net profit margins during the quarter declined from 3.3% in 4QFY18 to 2.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 26.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 28.6% QoQ during the same period.
  • The company's operating profit declined by 12.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.6% in 4QFY19 as against 10.9% in 3QFY18.
  • Net profit for the quarter declined by 39.1% QoQ, while net profit margins declined from 4.3% in 3QFY18 to 2.1% in 4QFY19.

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 102.9 to Rs 49.2, registering a Loss of Rs 53.7 or around 52.2%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 19,936.3 (down 0.0%). Over the last one year it has moved up from 18,694.9 to 19,936.3, a gain of 1,241 points (up 6.6%).

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

Current Valuations

At the current price of Rs 49.2, the price to earnings (P/E) ratio of JAIN IRRIGATION stands at 8.6 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 (4QFY19); Net Profit Down 39.2%". Click here!

  

Related Views on News

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

Feb 19, 2019 | Updated on Feb 19, 2019

For the quarter ended December 2018, JAIN IRRIGATION has posted a net profit of Rs 911 m (up 36.5% YoY). Sales on the other hand came in at Rs 20 bn (up 7.8% 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.?

Amber Enterprises India Ltd. (IPO)

Jan 16, 2018

Should you subscribe to the IPO of Amber Enterprises India Ltd?

More Views on News

Most Popular

These 3 Smallcap Stocks are Set to Make the Most of Smallcap Rebound(Profit Hunter)

Jul 9, 2019

As the sense of normalcy returns to the markets, the rebound in the quality smallcaps could be huge.

2 Stocks from Super Investor Sanjay Bakshi's Portfolio You Can Bet On...(The 5 Minute Wrapup)

Jul 12, 2019

Despite the current fear prevailing in the markets, both these stocks have the potential to deliver in 4-5 years.

After Disappointing Budget, Here's a Document that Concerns Largecap and Smallcap Investors(The 5 Minute Wrapup)

Jul 8, 2019

A new 'definition' of the stock universe that triggered the smallcap sell-off is back with the latest list...

Union Budget 2019-2020: More Style Over Substance(The 5 Minute Wrapup)

Jul 5, 2019

Did the Union Budget announce measures to stimulate the economy and bolster corporate earnings growth?

Here's What to Do with Falling Small Cap Stocks(Profit Hunter)

Jul 10, 2019

There are some great buying opportunities in the market right now - and the small cap space is your best bet.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

JAIN IRRIGATION SHARE PRICE


Jul 18, 2019 (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 8-QTR ANALYSIS

COMPARE JAIN IRRIGATION WITH

MARKET STATS