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.

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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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