JAIPRAKASH ASSO. Announces Quarterly Results (3QFY19); Net Profit Up 34.0%

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JAIPRAKASH ASSO. Announces Quarterly Results (3QFY19); Net Profit Up 34.0%
Mon, 11 Feb

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

JAIPRAKASH ASSO. Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m11,08619,03915,174-20.3%36.9%
Other incomeRs m30610114947.1%-51.4%
TurnoverRs m11,39219,14015,322-19.9%34.5%
ExpensesRs m9,68016,49813,904-15.7%43.6%
Gross profitRs m1,2942,5401,270-50.0%-1.9%
DepreciationRs m997990984-0.7%-1.4%
InterestRs m2,0842,0571,413-31.3%-32.2%
Profit before taxRs m-1,481-407-978
TaxRs m0000.0%0.0%
Profit after taxRs m-1,481-407-978
Gross profit margin%11.713.38.4
Effective tax rate%0.00.00.0
Net profit margin%-13.0-2.1-6.4
* 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 36.9% on a year-on-year (YoY) basis. The expenses were up by 43.6% YoY during the same period.
  • The company's operating profit declined by 1.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 3QFY19 as against 11.7% in 3QFY18.
  • Depreciation charges declined by 1.4% and finance costs declined by 32.2% YoY, respectively.
  • Other income declined by 51.4% YoY during the quarter.
  • Net profit for the quarter increased by 34.0% YoY. Net profit margins during the quarter increased from -13.0% in 3QFY18 to -6.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 20.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.7% QoQ during the same period.
  • The company's operating profit declined by 50.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 8.4% in 3QFY19 as against 13.3% in 2QFY18.
  • Net profit for the quarter declined by 140.3% QoQ, while net profit margins declined from -2.1% in 2QFY18 to -6.4% in 3QFY19.

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 up from Rs 17.5 to Rs 5.0, registering a Loss of Rs 12.5 or around 71.3%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 1,750.5 (down 1.0%). Over the last one year it has moved down from 2,475.1 to 1,750.5, a gain of 725 points (down 29.3%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 5.0, the price to book value (P/BV) ratio of JAIPRAKASH ASSO. stands at 0.3 times.

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