JYOTHY LABS Announces Quarterly Results (1QFY21); Net Profit Up 40.4%

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JYOTHY LABS Announces Quarterly Results (1QFY21); Net Profit Up 40.4%
Thu, 20 Aug

JYOTHY LABS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m4,1163,8234,28712.1%4.1%
Other incomeRs m484542-4.7%-12.2%
TurnoverRs m4,1653,8674,32911.9%3.9%
ExpensesRs m3,4613,4213,5042.4%1.3%
Gross profitRs m61840278294.8%26.7%
DepreciationRs m185191187-2.1%1.5%
InterestRs m615851-12.8%-16.3%
Profit before taxRs m421196587198.7%39.5%
TaxRs m61-648334.4%
Profit after taxRs m35926050493.7%40.4%
Gross profit margin%15.010.518.3
Effective tax rate%14.6-32.514.1
Net profit margin%8.66.711.6
* 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 4.1% on a year-on-year (YoY) basis. The expenses were up by 1.3% YoY during the same period.
  • The company's operating profit increased by 26.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.3% in 1QFY21 as against 15.0% in 1QFY20.
  • Depreciation charges increased by 1.5% and finance costs declined by 16.3% YoY, respectively.
  • Other income declined by 12.2% YoY during the quarter.
  • Net profit for the quarter increased by 40.4% YoY. Net profit margins during the quarter increased from 8.6% in 1QFY20 to 11.6% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.4% QoQ during the same period.
  • The company's operating profit increased by 94.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 18.3% in 1QFY21 as against 10.5% in 4QFY20.
  • Net profit for the quarter increased by 93.7% QoQ, while net profit margins increased from 6.7% in 4QFY20 to 11.6% in 1QFY21.

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

Important: One stock to add to your portfolio asap

JYOTHY LABS Share Price Performance

Over the last one year,JYOTHY LABS share price has moved down from Rs 152.5 to Rs 146.1, registering a Loss of Rs 6.4 or around 4.2%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,685.6 (down 0.3%). Over the last one year it has moved up from 10,880.7 to 11,685.6, a gain of 805 points (up 7.4%).

Overall, the S&P BSE SENSEX is up 2.5% over the year.

Current Valuations

At the current price of Rs 146.1, the price to earnings (P/E) ratio of JYOTHY LABS stands at 15.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 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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Oct 19, 2020 (Close)

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