JTEKT INDIA Announces Quarterly Results (2QFY19); Net Profit Up 80.6%

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JTEKT INDIA Announces Quarterly Results (2QFY19); Net Profit Up 80.6%
Mon, 12 Nov

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

JTEKT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m3,0283,1193,3858.5%11.8%
Other incomeRs m99336-61.1%290.7%
TurnoverRs m3,0373,2123,4216.5%12.7%
ExpensesRs m2,6862,8293,0327.2%12.9%
Gross profitRs m34229035321.4%3.1%
DepreciationRs m1891611620.7%-14.4%
InterestRs m524137-11.5%-29.2%
Profit before taxRs m1101811905.1%72.4%
TaxRs m41346486.8%58.1%
Profit after taxRs m70147126-14.1%80.6%
Gross profit margin%11.39.310.4
Effective tax rate%36.819.033.8
Net profit margin%2.34.63.7
* 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 11.8% on a year-on-year (YoY) basis. The expenses were up by 12.9% YoY during the same period.
  • The company's operating profit increased by 3.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 10.4% in 2QFY19 as against 11.3% in 2QFY18.
  • Depreciation charges declined by 14.4% and finance costs declined by 29.2% YoY, respectively.
  • Other income increased by 290.7% YoY during the quarter.
  • Net profit for the quarter increased by 80.6% YoY. Net profit margins during the quarter increased from 2.3% in 2QFY18 to 3.7% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.2% QoQ during the same period.
  • The company's operating profit increased by 21.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.4% in 2QFY19 as against 9.3% in 1QFY18.
  • Net profit for the quarter declined by 14.1% QoQ, while net profit margins declined from 4.6% in 1QFY18 to 3.7% in 2QFY19.

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 114.5 to Rs 116.4, registering a Gain of Rs 1.9 or around 1.7%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 116.4, the price to earnings (P/E) ratio of JTEKT INDIA stands at 49.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 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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