Monday, January 16, 2012

Jay Bharat Maruti Limited=RESULTS = FOR Q3 FY 2012=Q/E DEC,2011 = SALES,PROFITS DOWN


Jay Bharat Maruti Limited

NSE Symbol        JAYBARMARU

JAY BHARAT MARUTI has declared  results for q3 fy 12 ending Dec,2011.

Net Sales  at Rs.        240.16 cr in Q3 FY 12, the current Qtr is down by  -0.43% from previous Qtr of Q2 FY 12 and down by  -11.45% from corresponding Qtr of Q3 FY 11.

Total Expenditure at Rs.231.12 cr in Q3 FY 12 is down by  -1.14% from previous qtr and down by  -8.4% from corresponding Qtr.

Profit from Operations      at Rs.904.29 cr is up by 21.96% from previous qtr but down by -52.19% from corresponding qtr.

Interest expense at Rs.6.97 cr – is up by 23.63% from previous qtr and up by 97.77% from corresponding Qtr. For many smaller companies, Interest Expense itself has almost doubled, bringing their profits down considerably.

Profit before tax stands at Rs.2.21 cr in current Qtr – compared to Rs.2.24 cr (-1.39%) in previous qtr – and Rs.15.96 cr (-86.13%) in corresponding Qtr. Thus, Maruti’s fortune’s have dragged down Jay Bharat’s also in last 2 quarters considerably.  

Basic EPS  on a Face Value of Rs.5 stands at Rs.0.69 in current Qtr Q3 FY 11; against Rs.0.7 in previous qtr and Rs.4.83 in corresponding qtr.

Net Profit at Rs.1.5 cr in Q3 FY 12 is down by -1.75 cr from previous qtr and also down by -85.69% from corresponding Qtr.

On a face value of Rs.5 - Basic EPS stands at Rs.0.69 in Q3 FY 12; Rs.0.7 in Q2 FY 11; Rs.2.55 in Q1 FY 12; and Rs.4.83 in Q3 FY 11.Annual EPS may be around Rs.5.

Current MP is Rs.45.85. while the 52 week high price  is Rs.103 and the 52 week low price  is Rs.36.20

The PE Ratio is around 7.24. The next result needs to be keenly watched.

RESULTS TABLE

JAY BHARAT
31-Dec-11
30-Sep-11
% dif1
30-Jun-11
31-Dec-10
%dif 2
Net Sales
24016.33
24120.39
-0.43
26019.16
27122.68
-11.45
Increase in SIT/WIP
-51.78
450.11
-111.5
-14.34
-160.03
-67.64
Raw Materials
19236.92
19135.92
0.53
21102.97
21723.46
-11.45
Employees Cost
1423.47
1319.43
7.89
1318.95
1359.93
4.67
Depreciation
886.2
922.6
-3.95
838.63
821.58
7.87
Other Expenditure
1617.23
1550.84
4.28
1549.74
1486.49
8.8
Total Expenditure
23112.04
23378.9
-1.14
24795.95
25231.43
-8.4
Profit from Operations
904.29
741.49
21.96
1223.21
1891.25
-52.19
Other Income
14.28
46.91
-69.56
57.72
57.34
-75.1
Interest
697.28
564
23.63
465.22
352.58
97.77
Profit before tax
221.29
224.4
-1.39
815.71
1596.01
-86.13
Tax expense
71.56
72
-0.61
262.99
549.55
-86.98
Net Profit
149.73
152.4
-1.75
552.72
1046.46
-85.69
Face Value (In Rs
5
5
0
5
5
0
Paid Up Equity
1082.5
1082.5
0
1082.5
1082.5
0
Basic EPS
0.69
0.7
-1.43
2.55
4.83
-85.71
Public holding (%)
41.43
41.43
0
41.43
41.43
0

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