JYOTHY LABS Announces Quarterly Results (3QFY20); Net Profit Down 12.1%

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JYOTHY LABS Announces Quarterly Results (3QFY20); Net Profit Down 12.1%
Thu, 6 Feb

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

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m4,3434,6424,073-12.3%-6.2%
Other incomeRs m695553-2.4%-23.3%
TurnoverRs m4,4134,6974,126-12.2%-6.5%
ExpensesRs m3,6263,8513,422-11.2%-5.6%
Gross profitRs m718791651-17.7%-9.3%
DepreciationRs m1401881932.7%38.5%
InterestRs m67596916.9%4.1%
Profit before taxRs m581598441-26.2%-24.0%
TaxRs m976616-75.6%-83.5%
Profit after taxRs m484532425-20.1%-12.1%
Gross profit margin%16.517.016.0
Effective tax rate%16.711.03.6
Net profit margin%11.011.310.3
* 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 fell 6.2% on a year-on-year (YoY) basis. The expenses were down by 5.6% YoY during the same period.
  • The company's operating profit declined by 9.3% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.0% in 3QFY20 as against 16.5% in 3QFY19.
  • Depreciation charges increased by 38.5% and finance costs increased by 4.1% YoY, respectively.
  • Other income declined by 23.3% YoY during the quarter.
  • Net profit for the quarter declined by 12.1% YoY. Net profit margins during the quarter declined from 11.0% in 3QFY19 to 10.3% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 12.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.2% QoQ during the same period.
  • The company's operating profit declined by 17.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.0% in 3QFY20 as against 17.0% in 2QFY19.
  • Net profit for the quarter declined by 20.1% QoQ, while net profit margins declined from 11.3% in 2QFY19 to 10.3% in 3QFY20.

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

Important: One stock to add to your portfolio asap

JYOTHY LABS Share Price Performance

Over the last one year,JYOTHY LABS share price has moved down from Rs 178.2 to Rs 145.8, registering a Loss of Rs 32.5 or around 18.2%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,673.9 (up 0.3%). Over the last one year it has moved down from 11,689.4 to 11,673.9, a gain of 15 points (down 0.1%).

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 145.8, the price to earnings (P/E) ratio of JYOTHY LABS stands at 13.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.5 times.

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Oct 19, 2020 (Close)

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