JAIPRAKASH ASSO. Announces Quarterly Results (4QFY19); Net Profit Down 345.0%

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JAIPRAKASH ASSO. Announces Quarterly Results (4QFY19); Net Profit Down 345.0%
Thu, 30 May

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

JAIPRAKASH ASSO. Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m16,06615,17417,21213.4%7.1%
Other incomeRs m6771491,166684.1%72.3%
TurnoverRs m16,74315,32218,37819.9%9.8%
ExpensesRs m14,79713,90416,71020.2%12.9%
Gross profitRs m1,2451,270-1,812-242.7%-245.5%
DepreciationRs m9799849941.0%1.5%
InterestRs m1,7301,4131,86331.9%7.7%
Profit before taxRs m-787-978-3,502
TaxRs m0000.0%0.0%
Profit after taxRs m-787-978-3,502
Gross profit margin%7.88.4-10.5
Effective tax rate%0.00.00.0
Net profit margin%-4.7-6.4-19.1
* 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 grew 7.1% on a year-on-year (YoY) basis. The expenses were up by 12.9% YoY during the same period.
  • The company's operating profit declined by 245.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.5% in 4QFY19 as against 7.8% in 4QFY18.
  • Depreciation charges increased by 1.5% and finance costs increased by 7.7% YoY, respectively.
  • Other income increased by 72.3% YoY during the quarter.
  • Net profit for the quarter declined by 345.0% YoY. Net profit margins during the quarter declined from -4.7% in 4QFY18 to -19.1% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 20.2% QoQ during the same period.
  • The company's operating profit declined by 242.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.5% in 4QFY19 as against 8.4% in 3QFY18.
  • Net profit for the quarter declined by 258.2% QoQ, while net profit margins declined from -6.4% in 3QFY18 to -19.1% in 4QFY19.

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 15.8 to Rs 5.0, registering a Loss of Rs 10.8 or around 68.4%.

Meanwhile, the S&P BSE REALTY Index is trading at Rs 2,213.5 (up 0.3%). Over the last one year it has moved down from 2,253.8 to 2,213.5, a gain of 40 points (down 1.8%).

Overall, the S&P BSE SENSEX is up 13.6% 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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