LAST UPDATED: May 20, 2021, 4:10 p.m.
New Delhi (Anish Yande): Shares of Jyothy Labs increased by 1 percent on Thursday’s trading session following the announcement of results for the March quarter of 2021. Jyothy Labs’s share opened at Rs 145.75 per share from its previous close of Rs 144.45 per share on Wednesday.
The shares of the bank rose to an intraday high of Rs 147.15.
Jyothy Labs net profit rises to Rs 27 crores:
Jyothy Labs reported a consolidated net profit at Rs 26.59 crore in Q4 FY20. The FMCG company’s net profit increased to Rs 27.28 crore in the January-March quarter of FY21. The net profit rose by 2.59 percent on a year-on-year basis.
The consolidated net profit of Jyothy Labs fell due to an exceptional expense of Rs 23.5 crore. The net profit of Jyothy Labs was at Rs 52.76 crore in the December 2020 quarter, declining by 44.45% on a quarter-on-quarter basis.
The revenue from operations of Jyothy Labs rose to Rs 495.11 crore in the March quarter of 2021 from Rs 393 crore in the corresponding period of the previous year. Revenue from operations of Jyothy Labs rose by 26 percent on a year-on-year basis.
EBITDA of Jyothy Labs rises 74% in Q4:
Earnings before interest, depreciation, and amortization has increased to Rs 70.90 crore in the March quarter of 2021, at an increase of 74.8% as compared to Q4 March 2020. The EBITDA margins of Jyothy Labs were at 10.3% in Q4 March 2020 rising to 14.3% in Q4 March 2021.
EBITDA margins of the FMCG company expanded 400 basis points on a year-on-year basis. FMCG sales of the company increased by 27.3% during in the March quarter of 2021.
Jyothy Labs is net debt-free with a net cash balance as was Rs 76.89 crore at the quarter ended 31 March 2021. Net debt balance was at Rs 254 crore in the quarter ended 31 March 2020. The board of directors of Jyothy Labs has recommended a final dividend of Rs 4 per equity share for the financial year ended 31 March 2021.
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