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.

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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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