JAIPRAKASH ASSO. Announces Quarterly Results (1QFY20); Net Profit Up 44.3%

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JAIPRAKASH ASSO. Announces Quarterly Results (1QFY20); Net Profit Up 44.3%
Mon, 29 Jul

JAIPRAKASH ASSO. has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

JAIPRAKASH ASSO. Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m16,90817,21211,999-30.3%-29.0%
Other incomeRs m961,166723-38.0%654.3%
TurnoverRs m17,00418,37812,721-30.8%-25.2%
ExpensesRs m15,04416,71011,416-31.7%-24.1%
Gross profitRs m-55-1,812583
DepreciationRs m9869941,0132.0%2.7%
InterestRs m1,9051,8631,8800.9%-1.3%
Profit before taxRs m-2,850-3,502-1,588
TaxRs m0000.0%0.0%
Profit after taxRs m-2,850-3,502-1,588
Gross profit margin%-0.3-10.54.9
Effective tax rate%0.00.00.0
Net profit margin%-16.8-19.1-12.5
* 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 29.0% on a year-on-year (YoY) basis. The expenses were down by 24.1% YoY during the same period.
  • The company's operating profit declined by 1164.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.9% in 1QFY20 as against 0.3% in 1QFY19.
  • Depreciation charges increased by 2.7% and finance costs declined by 1.3% YoY, respectively.
  • Other income increased by 654.3% YoY during the quarter.
  • Net profit for the quarter increased by 44.3% YoY. Net profit margins during the quarter increased from -16.8% in 1QFY19 to -12.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 30.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 31.7% QoQ during the same period.
  • The company's operating profit increased by 132.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 4.9% in 1QFY20 as against 10.5% in 4QFY19.
  • Net profit for the quarter increased by 54.6% QoQ, while net profit margins increased from -19.1% in 4QFY19 to -12.5% in 1QFY20.

To see how JAIPRAKASH ASSO. has performed over the last eight quarters,please visit here.

JAIPRAKASH ASSO. Share Price Performance

Over the last one year,JAIPRAKASH ASSO. share price has moved down from Rs 15.0 to Rs 2.6, registering a Loss of Rs 12.5 or around 83.0%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,101.4 (down 0.6%). Over the last one year it has moved up from 2,068.3 to 2,101.4, a gain of 33 points (up 1.6%).

Overall, the S&P BSE SENSEX is up 2.2% over the year.

Current Valuations

At the current price of Rs 2.6, the price to book value (P/BV) ratio of JAIPRAKASH ASSO. stands at 0.1 times.

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