JYOTHY LABS Announces Quarterly Results (2QFY20); Net Profit Up 17.4%

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JYOTHY LABS Announces Quarterly Results (2QFY20); Net Profit Up 17.4%
Fri, 25 Oct

JYOTHY LABS has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m4,2774,1164,64212.8%8.5%
Other incomeRs m47485512.8%16.7%
TurnoverRs m4,3244,1654,69712.8%8.6%
ExpensesRs m3,5453,4613,85111.3%8.6%
Gross profitRs m73261879128.1%8.1%
DepreciationRs m1391851882.1%35.7%
InterestRs m716159-2.5%-15.9%
Profit before taxRs m56942159842.1%5.1%
TaxRs m11661666.7%-43.3%
Profit after taxRs m45335953248.2%17.4%
Gross profit margin%17.115.017.0
Effective tax rate%20.314.611.0
Net profit margin%10.58.611.3
* 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 8.5% on a year-on-year (YoY) basis. The expenses were up by 8.6% YoY during the same period.
  • The company's operating profit increased by 8.1% YoY during the quarter. Consequently, operating profit margins remained same and stood at 17.0% in 2QFY20.
  • Depreciation charges increased by 35.7% and finance costs declined by 15.9% YoY, respectively.
  • Other income increased by 16.7% YoY during the quarter.
  • Net profit for the quarter increased by 17.4% YoY. Net profit margins during the quarter increased from 10.5% in 2QFY19 to 11.3% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 11.3% QoQ during the same period.
  • The company's operating profit increased by 28.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 2QFY20 as against 15.0% in 1QFY19.
  • Net profit for the quarter increased by 48.2% QoQ, while net profit margins increased from 8.6% in 1QFY19 to 11.3% in 2QFY20.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

JYOTHY LABS Share Price Performance

Over the last one year,JYOTHY LABS share price has moved down from Rs 179.7 to Rs 174.1, registering a Loss of Rs 5.6 or around 3.1%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,034.5 (up 0.2%). Over the last one year it has moved up from 11,045.0 to 12,034.5, a gain of 990 points (up 9.0%).

Overall, the S&P BSE SENSEX is up 14.6% over the year.

Current Valuations

At the current price of Rs 174.1, 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 0.6 times.

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For the quarter ended June 2020, JYOTHY LABS has posted a net profit of Rs 504 m (up 40.4% YoY). Sales on the other hand came in at Rs 4 bn (up 4.1% YoY). Read on for a complete analysis of JYOTHY LABS's quarterly results.

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