JAY BHARAT MARUTI = FY 2011 RESULT vs 2010 & 2009 = EXCELLENT PERFORMANCE = NET PROFIT UP BY 82.32% from FY 10 and by 269.71% from FY 09

Jay Bharat Maruti Limited

NSE Symbol   JAYBARMARU

Jay Bharat Maruti has declared excellent Results for the FY 2011.

Net Sales is Rs.1060.29 cr – up by 32.01% from  FY 10 and by 53.28% from FY 09.

Total Expenditure is Rs.994.92 cr – up by 30.84% from FY 10 and by 48.79% from FY 09.

Profit from Operations is Rs.65.38 cr – up by 52.82% from FY 10 and by 183.82% from FY 09.

Profit before tax is Rs.  56.64 cr – up by 72.61% from FY 10 and by 248.68% from FY 09.

Net Profit  is Rs.38.30 cr – up by 82.32% from FY 10 and by a huge 269.71% from FY 09.

Basic EPS (in Rs.) Has shown excellent increase to Rs.17.69 in FY 11 on a face value of Rs.5 – against Rs.9.7 in FY 10 and Rs.4.79 in FY 09.

Basic EPS is earlier 3 qtrs was Rs.2.55, Rs.4.76 and Rs.4.83, implying a 4th qtr EPS of Rs.5.55.

Thus, at each stage, and on almost all parameters, JBM has shown excellent progress. It has also more than 10 times the reserves against its Equity.

Its current MP is around Rs.96, which gives a very LOW PE Ratio of 5.4 .

Considering the consistent progress JBM is making YOY and QOQ, it definitely requires a rerating in the market. Based on its current performance, a good upside is possible in its MP.

RESULTS TABLE :

jay bharat Maruti	FY 2011	FY 2010	FY 2009
Net Sales	106029.2	80321	69172.64
Net Sales	106029.2	32.01	53.28
Incr/Decr in SIT/WIP	-758.87	146.99	-338.73
Raw Materials	85144.3	62944.17	56014.82
Employees Cost	5469.29	4130.77	3503.59
Depreciation	3508.58	3808.3	3436.04
Other Expenditure	6128.22	5012.85	4253.49
Total Expenditure	99491.52	76043.08	66869.21
Total Expenditure	99491.52	30.84	48.79
Profit from Operations	6537.66	4277.92	2303.43
Profit from Operations	6537.66	52.82	183.82
Other Income	557.02	231.09	286.32
Interest	1430.36	1227.36	965.26
Profit before tax	5664.32	3281.65	1624.49
Profit before tax	5664.32	72.61	248.68
Tax Expense	1833.84	1180.63	588.4
Net Profit	3830.48	2101.02	1036.09
Net Profit	3830.48	82.32	269.71
Dividend (%)	40	30	20
Face Value (in Rs.)	5	5	5
Paid-up Equity	1082.5	1082.5	1082.5
Reserves	11453.23	8125.98	6404.89
Basic EPS (in Rs.)	17.69	9.7	4.79
Public holding (%)	41.43	41.43	41.43

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