JYOTHY LABS Announces Quarterly Results (3QFY19); Net Profit Up 47.1%

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JYOTHY LABS Announces Quarterly Results (3QFY19); Net Profit Up 47.1%
Thu, 24 Jan

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

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m4,3124,2774,3431.6%0.7%
Other incomeRs m23476948.6%205.7%
TurnoverRs m4,3354,3244,4132.1%1.8%
ExpensesRs m3,6193,5453,6262.3%0.2%
Gross profitRs m693732718-1.9%3.6%
DepreciationRs m781391400.6%79.0%
InterestRs m1207167-5.5%-44.6%
Profit before taxRs m5175695812.1%12.3%
TaxRs m18811697-16.2%-48.6%
Profit after taxRs m3294534846.8%47.1%
Gross profit margin%16.117.116.5
Effective tax rate%36.420.316.7
Net profit margin%7.610.511.0
* 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 0.7% on a year-on-year (YoY) basis. The expenses were up by 0.2% YoY during the same period.
  • The company's operating profit increased by 3.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.5% in 3QFY19 as against 16.1% in 3QFY18.
  • Depreciation charges increased by 79.0% and finance costs declined by 44.6% YoY, respectively.
  • Other income increased by 205.7% YoY during the quarter.
  • Net profit for the quarter increased by 47.1% YoY. Net profit margins during the quarter increased from 7.6% in 3QFY18 to 11.0% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.3% QoQ during the same period.
  • The company's operating profit declined by 1.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.5% in 3QFY19 as against 17.1% in 2QFY18.
  • Net profit for the quarter increased by 6.8% QoQ, while net profit margins increased from 10.5% in 2QFY18 to 11.0% in 3QFY19.

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 183.0 to Rs 180.0, registering a Loss of Rs 3.0 or around 1.6%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,703.1 (up 0.2%). Over the last one year it has moved up from 10,995.3 to 11,703.1, a gain of 708 points (up 6.4%).

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 180.0, the price to earnings (P/E) ratio of JYOTHY LABS stands at 16.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

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