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

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JTEKT INDIA Announces Quarterly Results (4QFY19); Net Profit Up 72.3%
Tue, 21 May

JTEKT INDIA has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

JTEKT INDIA Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m3,2352,9754,81061.7%48.7%
Other incomeRs m31128152.2%720.5%
TurnoverRs m3,2382,9864,83862.0%49.4%
ExpensesRs m2,8162,7044,17954.6%48.4%
Gross profitRs m419271631132.4%50.6%
DepreciationRs m16615622745.6%36.2%
InterestRs m42354119.2%-2.1%
Profit before taxRs m21492391324.2%82.7%
TaxRs m7433149352.8%102.3%
Profit after taxRs m14059241308.3%72.3%
Gross profit margin%13.09.113.1
Effective tax rate%34.535.838.2
Net profit margin%4.32.05.0
* 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 48.7% on a year-on-year (YoY) basis. The expenses were up by 48.4% YoY during the same period.
  • The company's operating profit increased by 50.6% YoY during the quarter. Consequently, operating profit margins remained same and stood at 13.1% in 4QFY19.
  • Depreciation charges increased by 36.2% and finance costs declined by 2.1% YoY, respectively.
  • Other income increased by 720.5% YoY during the quarter.
  • Net profit for the quarter increased by 72.3% YoY. Net profit margins during the quarter increased from 4.3% in 4QFY18 to 5.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 61.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 54.6% QoQ during the same period.
  • The company's operating profit increased by 132.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.1% in 4QFY19 as against 9.1% in 3QFY18.
  • Net profit for the quarter increased by 308.3% QoQ, while net profit margins increased from 2.0% in 3QFY18 to 5.0% in 4QFY19.

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 103.1 to Rs 100.7, registering a Loss of Rs 2.4 or around 2.3%.

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 100.7, the price to earnings (P/E) ratio of JTEKT INDIA stands at 34.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 4.8 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 (3QFY19); Net Profit Up 1.3% (Quarterly Result Update)

Jan 28, 2019 | Updated on Jan 28, 2019

For the quarter ended December 2018, JTEKT INDIA has posted a net profit of Rs 59 m (up 1.3% YoY). Sales on the other hand came in at Rs 3 bn (up 1.6% YoY). Read on for a complete analysis of JTEKT INDIA's quarterly results.

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