JNK India (JNKINDIA) Q4 20/21 earnings summary

Executive summary

• FY21 total income was Rs 12,21,050 thousand and PAT was Rs 1,64,502 thousand, compared with Rs 10,31,800 thousand and Rs 87,191 thousand in FY20.

• Operations temporarily stopped during COVID lockdown, then resumed; expansion plans were paused and cost-cutting measures implemented.

Financial highlights

• Revenue from operations was Rs 12,15,033 thousand in FY21 versus Rs 10,20,590 thousand in FY20; other income was Rs 6,017 thousand versus Rs 11,210 thousand.

• PBT was Rs 2,27,834 thousand versus Rs 1,17,424 thousand; tax expense was Rs 63,332 thousand versus Rs 30,233 thousand; PAT was Rs 1,64,502 thousand versus Rs 87,191 thousand.

• Reported FY21 profit included Rs 50 thousand of exceptional items; FY20 included an exceptional loss of Rs 5.6 thousand.

• Operating cash flow was Rs 1,31,527 thousand versus Rs 72,944 thousand; cash and cash equivalents ended FY21 at Rs 80,011 thousand versus Rs 33,861 thousand.

Outlook and guidance

• Management viewed COVID-related effects as short term, with no medium- or long-term operating, capacity-utilization, liquidity or capital-resource risks perceived at the time; circumstances were being monitored.

• Expansion plans were kept on hold and cost reductions implemented across operations following lockdown-related disruption.

• The Board recommended a 15:1 bonus issue and a final dividend of Rs 10 per share, subject to member approval.