Stock Report

Jubilant FoodWorks Ltd Q3FY21 consolidated PAT higher at Rs. 124.13 crore



Posted On : 2021-02-03 14:46:43( TIMEZONE : IST )

Jubilant FoodWorks Ltd Q3FY21 consolidated PAT higher at Rs. 124.13 crore

Jubilant FoodWorks 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.1085.15 crores during the period ended December 31, 2020 as compared to Rs.847.68 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.124.13 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.76.01 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.9.41 for the period ended December 31, 2020 as compared to Rs.5.76 for the period ended September 30, 2020.

FinancialsQ3 FY20-21Q2 FY20-21% Change
Total Income₹ 1085.15 crs₹ 847.68 crsUp Tick 28.01%
Net Profit₹ 124.13 crs₹ 76.01 crsUp Tick 63.31%
EPS₹ 9.41₹ 5.76Up Tick 63.37%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1085.15 crores during the period ended December 31, 2020 as compared to Rs.1087.52 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.124.13 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.101.79 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.9.41 for the period ended December 31, 2020 as compared to Rs.7.71 for the period ended December 31, 2019.

FinancialsQ3 FY20-21Q3 FY19-20% Change
Total Income₹ 1085.15 crs₹ 1087.52 crsDown Tick -0.22%
Net Profit₹ 124.13 crs₹ 101.79 crsUp Tick 21.95%
EPS₹ 9.41₹ 7.71Up Tick 22.05%

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

The company has reported total income of Rs.2334.17 crores during the 9 months period ended December 31, 2020 as compared to Rs.3067.37 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.126.25 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.246.85 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.9.57 for the 9 months period ended December 31, 2020 as compared to Rs.18.71 for the 9 months period ended December 31, 2019.

Financials9 Months ended FY20-219 Months ended FY19-20% Change
Total Income₹ 2334.17 crs₹ 3067.37 crsDown Tick -23.9%
Net Profit₹ 126.25 crs₹ 246.85 crsDown Tick -48.86%
EPS₹ 9.57₹18.71Down Tick -48.85%

The sales recovery continued in January with overall sales for Domino's growing by 6.0%, driven by 19.2% growth in Delivery and 73.4% growth in Takeaway.

EBITDA at Rs. 2,786 million in Q3 FY21, grew by 9.9% and EBITDA margin at 26.4% increased by 243 bps year-on-year.

Profit After Tax at Rs. 1,251 million grew by 20.6% and Profit margin at 11.8% was up by 205 bps year-on-year.

The Company's liquidity strengthened further during the quarter. Total Cash and Cash equivalents, bank deposits and investments increased to Rs. 9,517 million as on 31st December 2020, up from Rs. 8,278 million as on 30th September 2020.

Commenting on the performance for Q3 and 9M FY21, Mr. Shyam S. Bhartia, Chairman and Mr. Hari S. Bhartia, CoChairman, Jubilant Foodworks Limited said, "We are delighted to see a complete revenue recovery of the business along with strong improvement in margins. The terrific work done by the teams and the bold steps that have been taken have led us to emerge even stronger from this crisis. Our aggressive network expansion of 57 stores last quarter along with the launch of Ekdum Biryanis is testimony to our confidence in the strong potential of the business. As the Covid impact abates further, we believe that we are in for a period of strong, sustained growth in the future".

Commenting on the performance for Q3 and 9M FY21, Mr. Pratik Pota, CEO and Wholetime Director, Jubilant Foodworks Limited said, "The resilience of our business was tested like never before over the last nine months, and we are gratified to see that our strategy for navigating the crisis worked. We turned the corner decidedly in Q3 with Domino's returning to growth, driven by strong momentum in Delivery and Takeaway channels. Our strong on-ground execution, consumer-relevant innovations, continued investments in Digital, disciplined control on costs and a ramp-up in new stores all helped us deliver a strong performance last quarter. We are now shifting gears and preparing for an exciting period of growth ahead."

Shares of Jubilant FoodWorks Ltd was last trading in BSE at Rs.2705 as compared to the previous close of Rs. 2610.25. The total number of shares traded during the day was 25075 in over 2667 trades.

The stock hit an intraday high of Rs. 2718 and intraday low of 2611. The net turnover during the day was Rs. 67225043.

Source : Equity Bulls

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