Jyothy Labs registers 90% jump in net in Q2 FY15

The company's net sales rose 16% to Rs 367 cr

Jyothy Laboratories Ltd (JLL) today reported 89.9 per cent jump in net profit at Rs 25.14 crore in the quarter ended September 2014 as against Rs 13.24 crore in the same period last year.

The company's net sales stood at Rs 367.67 crore in the second quarter as against Rs 316.53 crore for the same period last year, a rise of 16.2 per cent, a company statement said here.

The operating EBIDTA margin for the quarter was at 10.7 per cent as against 12.1 per cent reported in Q2 FY14. The company reported EPS (earning per share) of Rs 1.39 as against Re 0.80 in the corresponding quarter last year.

For the six months period, JLL reported net sales of Rs 752.81 crore compared to Rs 649.11 crore in H1 of FY14, a rise of 16 per cent.

Net profit for H1 FY15 stood at Rs 67.60 crore, up 78.2 per cent from Rs 37.93 crore against corresponding period of FY14. The EBIDTA margin for the six months period ended September 30, 2014 was at 12.1 percent as against 13.3 percent reported in H1FY14. The company reported EPS of Rs 3.73 as against Rs 2.28 in H1FY14.

The company said its revenues of soaps and detergent business stood at Rs 274.53 crore in Q2 FY15, compared to Rs 228.92 crore in Q2 FY14, up by 19.9 percent.

The home care witnessed revenues to the tune of Rs 79.70 crore in Q2 FY15 as against Rs 77.56 crore during the same period last year, up 2.8 per cent.

Commenting on the performance, M P Ramachandran Chairman & Managing Director, Jyothy Laboratories said, "We have witnessed a strong traction across new Henko launches. Our on-ground tie ups and better placement of products is expected to capture the target markets. We foresee a further uptick in demand on account of word-of-mouth and an increased awareness of the product."

Shares of the company closed 4.05 per cent down at Rs 241.75 apiece from its previous close.