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.

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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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JYOTHY LABS 2018-19 Annual Report Analysis (Annual Result Update)

Oct 3, 2019 | Updated on Oct 3, 2019

Here's an analysis of the annual report of JYOTHY LABS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of JYOTHY LABS. Also includes updates on the valuation of JYOTHY LABS.

JYOTHY LABS Announces Quarterly Results (1QFY20); Net Profit Up 10.9% (Quarterly Result Update)

Jul 24, 2019 | Updated on Jul 24, 2019

For the quarter ended June 2019, JYOTHY LABS has posted a net profit of Rs 359 m (up 10.9% YoY). Sales on the other hand came in at Rs 4 bn (up 1.6% YoY). Read on for a complete analysis of JYOTHY LABS's quarterly results.

JYOTHY LABS Announces Quarterly Results (4QFY19); Net Profit Up 11.1% (Quarterly Result Update)

May 8, 2019 | Updated on May 8, 2019

For the quarter ended March 2019, JYOTHY LABS has posted a net profit of Rs 670 m (up 11.1% YoY). Sales on the other hand came in at Rs 5 bn (down 0.2% YoY). Read on for a complete analysis of JYOTHY LABS's quarterly results.

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