Jyothy Labs Ltd Q3FY21 consolidated PAT drops QoQ to Rs. 55.28 crores

JYOTHY LABORATORIES LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.482.99 crores during the period ended December 31, 2020 as compared to Rs.508.51 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.55.28 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.62.56 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.51 for the period ended December 31, 2020 as compared to Rs.1.70 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 482.99 crs	₹ 508.51 crs	-5.02%
Net Profit	₹ 55.28 crs	₹ 62.56 crs	-11.64%
EPS	₹ 1.51	₹ 1.70	-11.18%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.482.99 crores during the period ended December 31, 2020 as compared to Rs.425.83 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.55.28 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.46.55 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.51 for the period ended December 31, 2020 as compared to Rs.1.27 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 482.99 crs	₹ 425.83 crs	13.42%
Net Profit	₹ 55.28 crs	₹ 46.55 crs	18.75%
EPS	₹ 1.51	₹ 1.27	18.9%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.1428.43 crores during the 9 months period ended December 31, 2020 as compared to Rs.1333.57 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.170.13 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.141.53 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.4.63 for the 9 months period ended December 31, 2020 as compared to Rs.3.85 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 1428.43 crs	₹ 1333.57 crs	7.11%
Net Profit	₹ 170.13 crs	₹ 141.53 crs	20.21%
EPS	₹ 4.63	₹3.85	20.26%

The revival of the consumer sentiment is reflecting in Company's performance across our brand portfolio. We have been focussing on innovative measures to cater to consumer demands and strengthening distribution led by digital technology across channels. Additionally, the Company's strategic investments in increasing advertisement spends to strengthen the core brands backed by cost rationalisation and product innovation have been at the forefront of driving growth.

During the quarter, we have witnessed demand acceleration in the General Trade and Ecommerce Platform with gradual recovery in Modern Trade stores ('MT') and Canteen Stores Department ('CSD') operations. The growth during the quarter was aided by strong rural demand and improving urban consumption trends.

Commenting on the financial performance of Q3FY2021, Ms. M R Jyothy, Managing Director, Jyothy Labs Limited said "We are seeing momentum across our business segments. Our focus on execution, strengthening brands with enhanced media support and geographical expansion has delivered strong sales and profitable growth.

With the strength of our product portfolio in collaboration with all our stakeholders, we are confident that we will consistently enhance our market share across the business segments and deliver on our full business potential."

Shares of JYOTHY LABORATORIES LTD. was last trading in BSE at Rs.157.65 as compared to the previous close of Rs. 160.95. The total number of shares traded during the day was 17325 in over 588 trades.

The stock hit an intraday high of Rs. 164.95 and intraday low of 153.4. The net turnover during the day was Rs. 2738458.

Source : Equity Bulls

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