JYOTHY LABS Announces Quarterly Results (1QFY19); Net Profit Up 33.3%

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JYOTHY LABS Announces Quarterly Results (1QFY19); Net Profit Up 33.3%
Fri, 27 Jul

JYOTHY LABS has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,8585,1684,053-21.6%5.0%
Other incomeRs m2140822-94.7%1.4%
TurnoverRs m3,8805,5764,074-26.9%5.0%
ExpensesRs m3,4374,2843,443-19.6%0.2%
Gross profitRs m422884610-31.0%44.7%
DepreciationRs m788113869.3%77.1%
InterestRs m10114177-45.3%-23.3%
Profit before taxRs m2651,070417-61.1%57.5%
TaxRs m2231193-70.1%328.1%
Profit after taxRs m243760324-57.4%33.3%
Gross profit margin%10.917.115.1
Effective tax rate%8.229.022.3
Net profit margin%6.313.67.9
* 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 5.0% on a year-on-year (YoY) basis. The expenses were up by 0.2% YoY during the same period.
  • The company's operating profit increased by 44.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.1% in 1QFY19 as against 10.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 77.1% YoY and 23.3% YoY, respectively.
  • Other income increased by 1.4% YoY during the quarter.
  • Net profit for the quarter increased by 33.3% YoY. Net profit margins during the quarter increased from 6.3% in 1QFY18 to 7.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 21.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.6% QoQ during the same period.
  • The company's operating profit declined by 31.0% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.1% in 1QFY19 as against 17.1% in 4QFY18.
  • Net profit for the quarter declined by 57.4% QoQ, while net profit margins declined from 13.6% in 4QFY18 to 7.9% in 1QFY19.

To see how JYOTHY LABS has performed over the last eight quarters, please visit here.

JYOTHY LABS Share Price Performance

Over the last one year, JYOTHY LABS share price has moved up from Rs 187.7 to Rs 224.5, registering a Gain of Rs 36.8 or around 19.6%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,846.8 (up 1.6%). Over the last one year it has moved up from 10,171.9 to 11,846.8, a gain of 1,675 points (up 16.5%).

Overall, the S&P BSE SENSEX is up 0.8% over the year.

Current Valuations

At the current price of Rs 224.5, the price to earnings (P/E) ratio of JYOTHY LABS stands at 21.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.6 times.

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For the quarter ended December 2019, JYOTHY LABS has posted a net profit of Rs 425 m (down 12.1% YoY). Sales on the other hand came in at Rs 4 bn (down 6.2% YoY). Read on for a complete analysis of JYOTHY LABS's quarterly results.

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Feb 19, 2020 03:35 PM

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