JHS Svendgaard Laboratories Limited announces Consolidated FY 19-20 results

JHS Svendgaard Laboratories Ltd. (JHS) one of India's leading Oral-care manufacturing company reported its financial results for the fourth quarter and year ending 31st March, 2020.

FY 19-20 Highlights (Consolidated):

- Total Income at Rs.152.95 crore
- EBITDA at Rs.15.51 crore
- EBITDA Margin at 10.14%
- Net Profit before exceptional Items and Tax at Rs.4.79 crore

FY 18-19 Highlights (Consolidated):

- Total Income were at Rs.130.78 crore
- EBITDA was at Rs.6.08 crore
- EBITDA Margin stood at 4.65%
- Net loss before exceptional Items and Tax was at Rs.2.04 crore

FY 19-20 Highlights (Standalone):

- Total Income at Rs.144.71 crore
- EBITDA at Rs.21.22 crore
- EBITDA Margin at 14.66%
- Net Profit before exceptional Items and Tax at Rs.12.43 crore

FY 18-19 Highlights (Standalone):
- Total Income were at Rs.125.44 crore
- EBITDA was at Rs.13.20 crore
- EBITDA Margin stood at 10.52%
- Net Profit before exceptional Items and Tax at Rs.5.22 crore

Commenting on the results, Mr. Nikhil Nanda, Managing Director (JHS), said, "Your Company has regained the growth momentum in the FY 2019-20 that was disrupted for a short while though due to decline in the sales for one of the key customer in the previous FY 2018-19. We have rather came out much stronger with improved operating profitability by ~ 400 basis points {EBIDTA Margin FY 19-20: 14.66%, FY 18-19: 10.52%}. Going forward, we will continue to work towards augmenting our topline, as well as product range, by adding couple of private label deals for some leading brands in the industry.

Further your company has also realigned its distribution strategy for its proprietary brand business of "aquawhite"' oral care products. Your company shall strengthen up its distribution base for Kids Oral Care segment and shall also venture into the institutional sales channel with the vision to make it the largest kids' oral care brand in the country, and beyond.

We remain optimistic about the opportunities ahead of us, and will continue our efforts to keep up the momentum and deliver further value for our customers and shareholders." COVID-I9 is a special situation and we all shall recover from it jointly and stronger. Stay Healthy and stay safe.

Shares of JHS SVENDGAARD LABORATORIES LTD. was last trading in BSE at Rs.15.04 as compared to the previous close of Rs. 14.33. The total number of shares traded during the day was 2275 in over 11 trades.

The stock hit an intraday high of Rs. 15.04 and intraday low of 15.04. The net turnover during the day was Rs. 34216.

Source : Equity Bulls

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