JINDAL STEEL & POWER Announces Quarterly Results (1QFY19); Net Profit Down 126.1%

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JINDAL STEEL & POWER Announces Quarterly Results (1QFY19); Net Profit Down 126.1%
Mon, 13 Aug

JINDAL STEEL & POWER has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

JINDAL STEEL & POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m61,26685,98896,65412.4%57.8%
Other incomeRs m050-100.0%0.0%
TurnoverRs m61,26685,99396,65412.4%57.8%
ExpensesRs m47,73964,62373,88814.3%54.8%
Gross profitRs m13,52716,98922,76634.0%68.3%
DepreciationRs m9,6229,59910,3998.3%8.1%
InterestRs m9,00610,7149,729-9.2%8.0%
Profit before taxRs m-5,101-3,3192,637
TaxRs m-8879441,53862.9%
Profit after taxRs m-4,214-4,2641,099
Gross profit margin%22.119.823.6
Effective tax rate%17.4-28.458.3
Net profit margin%-6.9-5.01.1
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 57.8% on a year-on-year (YoY) basis. The expenses were up by 54.8% YoY during the same period.
  • The company's operating profit increased by 68.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 1QFY19 as against 22.1% in 1QFY18.
  • Depreciation charges and finance costs increased by 8.1% YoY and 8.0% YoY, respectively.
  • Other income increased by 0.0% YoY during the quarter.
  • Net profit for the quarter declined by 126.1% YoY. Net profit margins during the quarter increased from -6.9% in 1QFY18 to 1.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 14.3% QoQ during the same period.
  • The company's operating profit increased by 34.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 1QFY19 as against 19.8% in 4QFY18.
  • Net profit for the quarter declined by 125.8% QoQ, while net profit margins increased from -5.0% in 4QFY18 to 1.1% in 1QFY19.

To see how JINDAL STEEL & POWER has performed over the last eight quarters, please visit here.

JINDAL STEEL & POWER Share Price Performance

Over the last one year, JINDAL STEEL & POWER share price has moved up from Rs 127.5 to Rs 200.0, registering a Gain of Rs 72.6 or around 56.9%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,947.8 (down 0.5%). Over the last one year it has moved up from 12,279.9 to 12,947.8, a gain of 668 points (up 5.4%).

Overall, the S&P BSE SENSEX is up 19.4% over the year.

Current Valuations

At the current price of Rs 200.0, the price to book value (P/BV) ratio of JINDAL STEEL & POWER stands at 0.6 times.

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