PT. Gajah Tunggal Tbk (GJTL) Q3 2024 earnings summary

Executive summary

• Net sales for the nine months ended September 30, 2024 reached Rp 13,442 billion, up from Rp 12,574 billion year-over-year.

• Net profit for the period was Rp 988.6 billion, a significant increase from Rp 689.9 billion in the same period last year.

• Total assets grew to Rp 19,894 billion as of September 30, 2024, compared to Rp 18,976 billion at December 31, 2023.

Financial highlights

• Gross profit rose to Rp 2,932 billion from Rp 2,580 billion year-over-year.

• Basic earnings per share increased to Rp 283.7 from Rp 200.7 year-over-year.

• Total equity increased to Rp 9,144 billion from Rp 8,352 billion at year-end 2023.

• Total liabilities stood at Rp 10,750 billion, up slightly from Rp 10,624 billion at year-end 2023.

Key financial ratios and metrics

• Gross margin for the nine-month period improved to 21.8% from 20.5% year-over-year.

• Net margin increased to 7.4% from 5.5% year-over-year.

• Debt-to-equity ratio as of September 30, 2024 was approximately 1.18x.