JUBILANT LIFE SCIENCES Announces Quarterly Results (3QFY20); Net Profit Down 24.0%
Sat, 1 Feb

JUBILANT LIFE SCIENCES has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

JUBILANT LIFE SCIENCES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m23,77122,65923,1522.2%-2.6%
Other incomeRs m29012360-50.8%-79.2%
TurnoverRs m24,06122,78223,2121.9%-3.5%
ExpensesRs m18,83817,97518,0780.6%-4.0%
Gross profitRs m4,9334,6854,7280.9%-4.2%
DepreciationRs m9841,1681,135-2.9%15.3%
InterestRs m6837167200.5%5.5%
Profit before taxRs m3,5562,9222,9330.4%-17.5%
TaxRs m881428899109.9%2.1%
Profit after taxRs m2,6752,4942,034-18.4%-24.0%
Gross profit margin%20.820.720.4
Effective tax rate%24.814.730.7
Net profit margin%11.110.98.8
* 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 2.6% on a year-on-year (YoY) basis. The expenses were down by 4.0% YoY during the same period.
  • The company's operating profit declined by 4.2% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.4% in 3QFY20 as against 20.8% in 3QFY19.
  • Depreciation charges increased by 15.3% and finance costs increased by 5.5% YoY, respectively.
  • Other income declined by 79.2% YoY during the quarter.
  • Net profit for the quarter declined by 24.0% YoY. Net profit margins during the quarter declined from 11.1% in 3QFY19 to 8.8% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.6% QoQ during the same period.
  • The company's operating profit increased by 0.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.4% in 3QFY20 as against 20.7% in 2QFY19.
  • Net profit for the quarter declined by 18.4% QoQ, while net profit margins declined from 10.9% in 2QFY19 to 8.8% in 3QFY20.

To see how JUBILANT LIFE SCIENCES has performed over the last eight quarters,please visit here.

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JUBILANT LIFE SCIENCES Share Price Performance

Over the last one year,JUBILANT LIFE SCIENCES share price has moved down from Rs 711.6 to Rs 570.6, registering a Loss of Rs 141.0 or around 19.8%.

Meanwhile, the S&P BSE OIL & GAS Index is trading at Rs 14,030.1 (up 0.8%). Over the last one year it has moved up from 13,633.8 to 14,030.1, a gain of 396 points (up 2.9%).

Overall, the S&P BSE SENSEX is up 12.6% over the year.

Current Valuations

At the current price of Rs 570.6, the price to earnings (P/E) ratio of JUBILANT LIFE SCIENCES stands at 16.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.9 times.