JAYBHARAT MARUTI LTD - RESULTS FOR Q4 & FY 2014-15

JAYBHARAT MARUTI LTD

RESULTS FOR Q4 & FY 2014-15

The results for the fourth quarter and the annual results for FY 2014-15 of JayBharat Maruti are tabulated below.

While Income has registered increase, expenses have grown more than proportionately in the quarter. Therefore, Net Profit is down sequentially and YoY.

On annual basis, the revenue and profits for FY 15 have grown handsomely compared to FY 14.

(In Lakhs of Rs)

jaybharat Maruti	FY15	FY14	YoY%
Total Income	129414	121158	6.81
Total Exp	122696	115092	6.61
OPT	6718	6065	10.77
PBT	5325	2730	95.05
NPT	3998	1652	142.01
Basic EPS	18.47	7.63	142.07

jaybharat Maruti	Q4 FY15	Q3 FY15	QoQ %	Q4 FY14	YoY%
Total Income	33521	30350	10.45	32963	1.69
Total Exp	32163	28849	11.49	31376	2.51
OPT	1358	1501	-9.53	1587	-14.43
PBT	1372	1065	28.83	-326	-520.86
NPT	1002	1095	-8.49	-370	-370.81
Basic EPS	4.63	5.06	-8.5	-1.71	-370.76

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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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JAY BHARAT MARUTI = Q 3 RESULTS = FOR Q3 ENDING 31.12.2010 = EXCELLENT PERFORMANCE

Jay Bharat Maruti Limited

NSE Symbol     JAYBARMARU

Results for Q3 ENDING 31 DEC 2010

JAY BHARAT MARUTI  has declared another set of impressive results for Q/e Dec 2010.

Net Sales is Rs.271 Cr – which is up by 4.01% compared to q/e Sep’10; up by 20.66% compared to Q/e Sep’10; up by  33.11% compared to Q/e Dec’09; and up by a good 44.84% compared to Q/e Sep’09.

Profit from operations : is Rs.18.91 Cr – up by 8.47% from Q/e Sep’10; up by a huge 59.64% from Q/e June’10; up by a bigger margin of 76.87% from Q/e Dec’09; and by a huge 110.02% from Q/e Sep’2010.

Net Profit : is Rs.10.46 Cr – up by 1.55% from Q/e Sep’10; up by 89.66% from Q/e June 2010; up by 93.46% from Q/e Dec’09; and up by 136.78% from Q/e Sep’09.

Basic EPS        : is Rs.4.83, Rs. 4.76, Rs 2.55; Rs.2.5 and Rs.2.04 for last 5 quarters, on a face value of Rs.5. As can be seen,  JBM has improved its performance by around 100% from the Q/e Dec’09 at all levels. The annual EPS can be around Rs.17 on a Face value of Rs.5.

PE RATIO : Current Market price is Rs.101. On this price, the PE ratio works out to 5.9. JBM has been a consistent performer and has further scope to improve its performance in future. The current PE Ratio is LOW and has huge scope for improvement.

Results in figures :

Jay Bharat Maruti	31-Dec-10	30-Sep-10	30-Jun-10	31-Dec-09	30-Sep-09
Net Sales	27122.68	26076.67	22479.07	20375.89	18725.65
DIF %1	27123	4.01	20.66	33.11	44.84
Incr./decre. in SIT / WIP	-160.03	-291.09	-389.8	96.25	168.95
Raw Materials	21723.46	20910.37	18043.08	15898	14726.12
Employees Cost	1359.93	1337.97	1286.56	1068.44	996.76
Depreciation	821.58	902.04	878.83	951.56	695.67
Other Expenditure	1486.49	1473.76	1475.7	1292.34	1237.64
Total Expenditure	25231.43	24333.05	21294.37	19306.59	17825.14
Profit from Operations	1891.25	1743.62	1184.7	1069.3	900.51
DIF %2	1891	8.47	59.64	76.87	110.02
Other Income	57.34	83.65	80.11	47.23	53.91
Interest	352.58	367.14	338.04	306.34	258.47
P B T	1596.01	1460.13	926.77	810.19	695.95
Tax expense	549.55	429.65	375	269.27	254
Net Profit	1046.46	1030.48	551.77	540.92	441.95
DIF %3	1046	1.55	89.66	93.46	136.78
Face Value.Rs	5	5	5	5	5
Paid Up Equity	1082.5	1082.5	1082.5	1082.5	1082.5
Basic EPS	4.83	4.76	2.55	2.5	2.04
Public holding (%)	41.43	41.43	41.43	41.43	41.43

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