Jaypee Infratech PAT Plunges By 87% To Rs 13.19 crore

The total revenue of Jaypee Infratech during the last quarter of FY14 stood at Rs 765.06 crore as against Rs 958.23 crore during Q4FY13. The income of the company comprises only from one segment i.e, Yamuna Expressway Project. The project includes construction, operation and maintenance of Yamuna Expressway. The company has posted an EBITDA of Rs 256.13 crore, reporting a fall of almost 40% on yearly basis for the quarter ended March 2014.

On margin front, the EBITDA margin of the company deteriorated by 1074 basis points standing to 33.47% during Q4FY14. On one side where the sales of the company was down by 20% on yearly basis, at the same time, the cost of raw material as proportionate to sales was up by 1095 basis points standing to 61.57% YoY basis during Q4FY14. This has pulled the EBITDA margin to fall to such an extent.

The company has paid Rs 214.83 crore as interest up by 266 basis points as proportionate to sales for the quarter ended March 2014 as compared to the same quarter of previous year. Due to this the company posted a net profit of Rs 13.19 crore, reporting a fall of around 87% on yearly basis. As far as net profit margin is concerned, the net profit margin has plunged by 851 basis points standing to 1.72% during Q4FY14 as compared to the corresponding quarter of previous year.

On sequential basis too, the performance of the company was weak. The company has posted a de-growth in topline and bottomline of 22.5% and 87% respectively for the quarter ended March 2014 as compared to the same quarter of previous year. The margin too has remained under pressure (down by 266 basis points) for the quarter ended March 2014 as compared to the corresponding quarter of previous year.

On the valuation front, the scrip of the company is trading at a price to earnings (P/E) of 17.18. Today the scrip of the company opened at Rs 38.4 and closed at Rs 36.95 on BSE down by 2.38% from its previous close.