Showing posts with label quarters results. Show all posts
Showing posts with label quarters results. Show all posts

Wednesday, February 12, 2014

J.B. Chemicals & Pharmaceuticals Ltd -QUARTERLY RESULTS - THIRD QUARTER -DEC-2013 - NET SALES UP 17%- Net loss due to Exceptional item - Good show without this item - Future Promising -




J.B. Chemicals & Pharmaceuticals Ltd.

J.B. Chemicals & Pharmaceuticals Ltd. (JBCPL) has announced its standalone unaudited financial results for the quarter ended on December 31, 2013.The highlights of the Y-o-Y results are as under:


JB CHEM&PHA
Q3FY14
Dif% QoQ
Q2 FY14
Dif% YoY
Q3 FY13
Net sales

234
-5.26
247
17
200
Other Optg Income
5
-16.67
6
0
5
Total Income
240
-5.14
253
17.65
204
Total Exp

203
9.73
185
9.73
185
Operational Profit
37
-11.9
42
94.74
19
Other Income
21
200
7
200
7
Forex

10
-266.67
-6
42.86
7
Exceptional Item
-64.5




PBT

1.28
-96.82
40.26
-95.9
31.24
Tax

7.75
8.85
7.12
-17.2
9.36
Net Profit

-6.47
-119.52
33.14
-129.58
21.87
FV(Rs)

2
0
2
0
2
EPS

-0.76
-119.44
3.91
-129.46
2.58
EQUITY

16.94
0
16.94
0
16.94

Operating Profit without exceptions/Non-recurring Items

Particulars                Q3                    9 Months
2013-14   2012-13   2013-14   2012-13
Profit before tax 48.13      31.24               115.89     84.91
Profit after tax 30.22        21.87               83.69       65.18

(In Cr)

The total operating revenue for the quarter at Rs. 239.52 crores was 17.24% higher against operating revenue achieved in the corresponding quarter in the previous year, while the profit from operations for the quarter at Rs. 36.91 crores was 90.65% higher against operating profit of the same quarter in the previous year. The company was able to post robust operating performance during Q3 due to higher sales coupled with favourable product mix.


The investors may be aware that Cilag GmbH International ("Cilag") raised certain claims under transaction documents in relation to sale of Russia-CIS OTC business undertaking by the company in July 2011. The company had disputed these claims. However, in order to avoid costs and delays involved in litigation, the company and Cilag mutually settled these claims pursuant to the Settlement agreement. Accordingly, the transaction consideration received earlier was reduced by Rs. 64.50 crores, which sum the company paid to Cilag in July 2013 out of the Escrow account. This settlement has helped the company to focus on the business. This exceptional payment has been accounted for as an expense in the quarter under review, which has affected the reported profits. The Y-o-Y normal business performance is tabulated above for easy analysis.

The domestic formulations business at sales of Rs. 85.77 crores for the quarter registered overall growth of 20.27%, while the year-to-date growth for the business is 16.26%. The concentration on growth of focus products and better field efficiency has helped achieve better performance in the domestic market.

The formulations exports at Rs. 119.21 crores registered growth of 12.33% during the quarter, while the year-to-date growth is 16.05%. Out of this, exports to Rest of the world (RoW) markets at Rs. 100.71 crores for the quarter registered growth of 28.73% in Rupee terms, whereas the year-to-date growth in RoW business is 20.33%. During the quarter, the sales in Russia-CIS region amounted to Rs. 18.49 crores, while year-to-date sales stand at Rs. 69.21 crores.

The API business with sales for the quarter at Rs. 26.41 crores registered growth of 59.20%, while the year-to-date growth in this business is 70.14%.

About JBCPL:

JBCPL, one of India's leading pharmaceutical companies, manufactures & markets a diverse range of pharmaceutical formulations, herbal remedies and APIs. JBCPL exports to many countries worldwide with a strong presence in Russia, Ukraine, CIS countries and South Africa. The Company continues to invest in growing its share in the regulated markets in USA, Europe and Australia. JBCPL has a strong R & D and regulatory set-up for development of new drug delivery system and  formulations, filing of DMFs and ANDAs. Its State-of-the-Art manufacturing facilities are approved by health authorities of regulated markets.

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Monday, May 17, 2010

LARSEN AND TOUBRO TURNS OUT EXCELLENT PERFORMANCE IN FY 10




Larsen & Toubro Limited
2008-2009 VS 2009-2010 (Annual)
REVIEW

Larsen & Toubro has produced excellent results for FY 2010 compared to the previous year of FY 09. The consolidated, non-consolidated and Quarterly figures comparison is available below :

CONSOLIDATED REVIEW :
Net sales has increased from Rs.40187 Cr in FY 09 to Rs. 43513.58 Cr in FY 10.
Total expenditure has also increased from Rs. 36249.54 Cr in FY 09 to Rs. 38510.43 Cr in FY 10
Consolidated Net Profit  has gone up from Rs. 3789.46 Cr in FY 09  To Rs.5450.74 CR in FY 10.
The consolidated Basic EPS has climbed smartly from Rs.51.58 to Rs.89.61 YOY, a stupendous rise of Rs.38.03 YOY, or a jump of 73.73 percent YOY.

NON-CONSOLIDATED REVIEW :
A review of the non-consolidated figures presents a similar rise in net sales and net profits YOY.
Net Sales  has risen to Rs.36675.15 Cr  in FY 10 from Rs.33646.57 Cr.in FY 09.
Net Profit has also risen to Rs.  4375.52 Cr in FY 10 from Rs. 3481.66 Cr in FY 09.
Basic EPS  has risen to Rs. 71.49 in FY 10 from Rs.46.3 in FY 09.

QUARTERLY RESULTS REVIEW :
Basic EPS  in the last 5 Quarters indicates that the 4th Quarter has registered a smart rise in  Basic EPS to the level of Rs. 23.9 from 12.72 in preceding qtr. Net Sales also shows a significant rise in 4 th Quarter.


The company has increased the Dividend (%) to               625% in FY 10 compared to 525% in FY 09 – on a face value of Rs.2 per share.


Based on the consolidated EPS of 89.61 and the price on 17.05.2010 of Rs.1615, the PE ratio works out to 18.02. On Non-consolidated results, (on EPS of 71.49), the same works out to 22.59.


The main point of the result is – whether the level of sales and profits of the 4th quarter will continue in future. Judging from the bulging order book and further orders being procured in FY11, it is felt that L&T can improve the performance in FY 11 further –even though the company had talked of severe Chinese competition in some business lines.


The company says - This growth in Ebitda margin is due to the low commodity prices for the major part of the last year. As commodity prices are now rising, it will be a challenge to maintain these margins. We are trying to see if we can order material even before the order is received. We also have to watch the prices of steel, but we are trying to make up for it by cost reduction and operational efficiencies. We have to work smart to maintain our margins.”


The company says that the outlook for the year ahead is good with increased spending on infrastructure.


Audited, Cumulative, Consolidated FIGURES

FY 09 (Rs. in lakhs)           Description        FY 10(Rs. in lakhs)
4018700                Net Sales :: 4351358
29287                    Other Operating Income :: 45622
-23434                   Increase/Decrease in SIT &WIP ::             48773
1668941                Raw Materials  :: 1619178
164452                  Purchase of traded goods            153095
266604                  Employees Cost  ::           306583
72832                    Depreciation :: 97932
1475559                Other Expenditure :: 1625482
3624954                Total Expenditure C :: 3851043
57537                    Other Income ::                75963
46196                    Interest                :: 69192
-1659                     Exceptional items ::        -181827
436033                  P B T ::   734535
142567                  Tax Expense :: 203875
293466                  P A T ::  530660
-77246                   Extraordinary Items ::    -13572
370712                  Net Profit :: 544232
-3144                     Minority Interest :: -10595
-5090                     Shares of Associates ::   9753
378946  Consolidated Net Profit :: 545074
-              Dividend (%)     -
2              Face Value (in Rs.)          2
11714    Paid-up Equity :: 12044
1383845 :: Reserves ::     2081492
51.58     Basic EPS :: (in Rs.) ::       89.61
50.87     Diluted EPS (in Rs.) ::     87.92

NON-CONSOLIDATED ANNUAL FIGURES
COMPARISON
2008-09 VS 2009-10

Description        FY 10(Rs. in lakhs):: FY 09( lakhs)
Net Sales :: 3667515  ::   3364657
Other Operating Income :: 35965 :: 27980
Increase/Decrease in sit & WIP :: 42299 :: -10511
 Raw Materials  :: 1533238 :: 1522455
Purchase of traded goods :: 157428 ::      167869
Employees Cost :: 237914 :: 199802
Depreciation :: 41460 :: 30599
Other Expenditure :: 1251046 :: 1127338
Total Expenditure :: 3263385 ::   3037552
Other Income :: 91025 :: 73978
Interest :: 50531 :: 35022
Exceptional items :: -107478 ::   -
P B T ::  588067  :: 394041
Tax Expense :: 164087 ::                123121
P A T ::  423980  :: 270920
Extraordinary Items :: -13572 :: -77246
Net Profit (+) ::  437552 :: 348166
Dividend (%) ::  625 ::     525
Face Value (in Rs.) ::       2 ::          2
Paid-up Equity :: 12044  :: 11714
Reserves ::  1814282 ::    1231796
Basic EPS ::  (in Rs.) :: 71.49 ::      46.3
Diluted EPS (in Rs.) :: 70.15 ::      45.68

QUARTERLY RESULTS COMPARISON

Q.E :: 31-03-10 :: 31-12-09 :: 30-09-09 :: 30-06-09 :: 31-03-09
Net Sales ::1337489 :: 807137 :: 786618 :: 736271 :: 1046898
Other Operating Income :: 21021 :: 5079 :: 5266 :: 4558 :: 13618
 Raw Materials :: 623801 :: 312903  ::  317756  ::  276581  ::  448072
Net Profit  ::  143810  ::  75882  ::  58040  ::  159820  ::  99852
Dividend (%)     625         -              -              -              525
Basic EPS  ::  23.9  ::  12.72  ::  9.9  ::  27.28  ::  17.05
Diluted EPS:: 23.44  ::  12.48  ::  9.7  ::  26.83  ::  17.04


ANNOUNCEMENTS TO THE EXCHANGE
 



17-05-2010          Larsen & Toubro Limited has informed the Exchange regarding a press release dated May 17, 2010 , titled "Performance for the Quarter ended March 31, 2010; Profit After Tax grows 44%, Sales up by 28%.".



17-05-2010          Larsen & Toubro Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 4351358 lacs for year ending on 31-MAR-2010 against Rs. 4018700 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 545074 lacs for the year ending on 31-MAR-2010 against Rs. 378946 lacs for the year ending on 31-MAR-2009.             -



17-05-2010          Larsen & Toubro Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 3667515 lacs for year ending on 31-MAR-2010 against Rs. 3364657 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 437552 lacs for the year ending on 31-MAR-2010 against Rs. 348166 lacs for the year ending on 31-MAR-2009.            -



17-05-2010          Larsen & Toubro Limited has informed the Exchange that the Board of Directors at its meeting held on May 17, 2010 have recommended a Dividend of Rs. 12.50/- per share (Previous year Rs. 10.50/- per share).        -



17-05-2010          Larsen & Toubro Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 1337489 lacs for quarter ending on 31-MAR-2010 against Rs. 1046898 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 143810 lacs for the quarter ending on 31-MAR-2010 against Rs. 99852 lacs for the quarter ending on 31-MAR-2009.