JTEKT INDIA Announces Quarterly Results (1QFY19); Net Profit Up 175.0%

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JTEKT INDIA Announces Quarterly Results (1QFY19); Net Profit Up 175.0%
Tue, 14 Aug

JTEKT INDIA has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

JTEKT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m3,3183,2353,119-3.6%-6.0%
Other incomeRs m103932660.7%795.4%
TurnoverRs m3,3293,2383,212-0.8%-3.5%
ExpensesRs m2,9932,8162,8290.5%-5.5%
Gross profitRs m322419290-30.7%-9.8%
DepreciationRs m195166161-3.5%-17.6%
InterestRs m614241-1.5%-31.6%
Profit before taxRs m77214181-15.3%136.2%
TaxRs m237434-53.3%47.5%
Profit after taxRs m531401474.8%175.0%
Gross profit margin%9.713.09.3
Effective tax rate%30.434.519.0
Net profit margin%1.64.34.6
* 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 6.0% on a year-on-year (YoY) basis. The expenses were down by 5.5% YoY during the same period.
  • The company's operating profit declined by 9.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 1QFY19 as against 9.7% in 1QFY18.
  • Depreciation charges and finance costs declined by 17.6% YoY and 31.6% YoY, respectively.
  • Other income increased by 795.4% YoY during the quarter.
  • Net profit for the quarter increased by 175.0% YoY. Net profit margins during the quarter increased from 1.6% in 1QFY18 to 4.6% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.5% QoQ during the same period.
  • The company's operating profit declined by 30.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.3% in 1QFY19 as against 13.0% in 4QFY18.
  • Net profit for the quarter increased by 4.8% QoQ, while net profit margins increased from 4.3% in 4QFY18 to 4.6% in 1QFY19.

To see how JTEKT INDIA has performed over the last eight quarters, please visit here.

JTEKT INDIA Share Price Performance

Over the last one year, JTEKT INDIA share price has moved up from Rs 110.0 to Rs 124.6, registering a Gain of Rs 14.6 or around 13.3%.

Overall, the S&P BSE SENSEX is up 20.4% over the year.

Current Valuations

At the current price of Rs 124.6, the price to earnings (P/E) ratio of JTEKT INDIA stands at 59.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.9 times.

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JTEKT INDIA Announces Quarterly Results (1QFY20); Net Profit Down 52.7% (Quarterly Result Update)

Aug 19, 2019 | Updated on Aug 19, 2019

For the quarter ended June 2019, JTEKT INDIA has posted a net profit of Rs 69 m (down 52.7% YoY). Sales on the other hand came in at Rs 4 bn (up 26.7% YoY). Read on for a complete analysis of JTEKT INDIA's quarterly results.

JTEKT INDIA Announces Quarterly Results (4QFY19); Net Profit Up 72.3% (Quarterly Result Update)

May 21, 2019 | Updated on May 21, 2019

For the quarter ended March 2019, JTEKT INDIA has posted a net profit of Rs 241 m (up 72.3% YoY). Sales on the other hand came in at Rs 5 bn (up 48.7% YoY). Read on for a complete analysis of JTEKT INDIA's quarterly results.

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