JYOTHY LABS Announces Quarterly Results (3QFY21); Net Profit Up 22.8%

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JYOTHY LABS Announces Quarterly Results (3QFY21); Net Profit Up 22.8%
Thu, 28 Jan

JYOTHY LABS has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

JYOTHY LABS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m4,0734,9964,694-6.1%15.3%
Other incomeRs m53396360.2%18.6%
TurnoverRs m4,1265,0364,757-5.5%15.3%
ExpensesRs m3,4224,1083,896-5.2%13.9%
Gross profitRs m651889798-10.2%22.6%
DepreciationRs m1931931982.4%2.5%
InterestRs m692920-31.5%-71.7%
Profit before taxRs m441706643-8.9%45.8%
TaxRs m1610012121.8%657.5%
Profit after taxRs m425607522-13.9%22.8%
Gross profit margin%16.017.817.0
Effective tax rate%3.614.118.8
Net profit margin%10.312.011.0
* 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 15.3% on a year-on-year (YoY) basis. The expenses were up by 13.9% YoY during the same period.
  • The company's operating profit increased by 22.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.0% in 3QFY21 as against 16.0% in 3QFY20.
  • Depreciation charges increased by 2.5% and finance costs declined by 71.7% YoY, respectively.
  • Other income increased by 18.6% YoY during the quarter.
  • Net profit for the quarter increased by 22.8% YoY. Net profit margins during the quarter increased from 10.3% in 3QFY20 to 11.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 5.2% QoQ during the same period.
  • The company's operating profit declined by 10.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.0% in 3QFY21 as against 17.8% in 2QFY20.
  • Net profit for the quarter declined by 13.9% QoQ, while net profit margins declined from 12.1% in 2QFY20 to 11.0% in 3QFY21.

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 159.5 to Rs 156.5, registering a Loss of Rs 3.0 or around 1.9%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,505.8 (down 0.8%). Over the last one year it has moved up from 11,727.2 to 12,505.8, a gain of 779 points (up 6.6%).

Overall, the S&P BSE SENSEX is up 14.1% over the year.

Current Valuations

At the current price of Rs 156.5, the price to earnings (P/E) ratio of JYOTHY LABS stands at 15.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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Aug 20, 2020 | Updated on Aug 20, 2020

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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