JYOTHY LABS Announces Quarterly Results (2QFY19); Net Profit Down 4.7%

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JYOTHY LABS Announces Quarterly Results (2QFY19); Net Profit Down 4.7%
Fri, 9 Nov

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

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m4,2994,0534,2775.5%-0.5%
Other incomeRs m392247116.2%19.1%
TurnoverRs m4,3384,0744,3246.1%-0.3%
ExpensesRs m3,5903,4433,5453.0%-1.2%
Gross profitRs m72861073219.9%0.5%
DepreciationRs m741381390.7%87.3%
InterestRs m1197771-8.6%-40.7%
Profit before taxRs m57441756936.5%-0.9%
TaxRs m989311624.3%17.6%
Profit after taxRs m47632445340.0%-4.7%
Gross profit margin%16.915.117.1
Effective tax rate%17.122.320.3
Net profit margin%11.07.910.5
* 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 fell 0.5% on a year-on-year (YoY) basis. The expenses were down by 1.2% YoY during the same period.
  • The company's operating profit increased by 0.5% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.1% in 2QFY19.
  • Depreciation charges increased by 87.3% and finance costs declined by 40.7% YoY, respectively.
  • Other income increased by 19.1% YoY during the quarter.
  • Net profit for the quarter declined by 4.7% YoY. Net profit margins during the quarter declined from 11.0% in 2QFY18 to 10.5% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 5.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.0% QoQ during the same period.
  • The company's operating profit increased by 19.9% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.1% in 2QFY19 as against 15.1% in 1QFY18.
  • Net profit for the quarter increased by 40.0% QoQ, while net profit margins increased from 8.0% in 1QFY18 to 10.5% in 2QFY19.

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 173.0 to Rs 191.2, registering a Gain of Rs 18.2 or around 10.5%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,219.8 (down 0.0%). Over the last one year it has moved up from 10,291.0 to 11,219.8, a gain of 929 points (up 9.0%).

Overall, the S&P BSE SENSEX is up 5.4% over the year.

Current Valuations

At the current price of Rs 191.2, the price to earnings (P/E) ratio of JYOTHY LABS stands at 18.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 3.0 times.

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