JINDAL STEEL & POWER Announces Quarterly Results (3QFY19); Net Profit Down 124.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

JINDAL STEEL & POWER Announces Quarterly Results (3QFY19); Net Profit Down 124.0%
Mon, 4 Feb

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

JINDAL STEEL & POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m69,92699,82395,656-4.2%36.8%
Other incomeRs m1091481523.1%1320.2%
TurnoverRs m69,93699,83295,804-4.0%37.0%
ExpensesRs m53,86177,74974,887-3.7%39.0%
Gross profitRs m22,47624,62820,769-15.7%-7.6%
DepreciationRs m9,63210,31410,3570.4%7.5%
InterestRs m9,67010,85810,424-4.0%7.8%
Profit before taxRs m3,1843,466136-96.1%-95.7%
TaxRs m-4576741,00849.6%
Profit after taxRs m3,6412,792-872-131.2%-124.0%
Gross profit margin%32.124.721.7
Effective tax rate%-14.319.4741.5
Net profit margin%5.22.8-0.9
* 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 36.8% on a year-on-year (YoY) basis. The expenses were up by 39.0% YoY during the same period.
  • The company's operating profit declined by 7.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 3QFY19 as against 32.1% in 3QFY18.
  • Depreciation charges increased by 7.5% and finance costs increased by 7.8% YoY, respectively.
  • Other income increased by 1320.2% YoY during the quarter.
  • Net profit for the quarter declined by 124.0% YoY. Net profit margins during the quarter declined from 5.2% in 3QFY18 to -0.9% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 4.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 3.7% QoQ during the same period.
  • The company's operating profit declined by 15.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.7% in 3QFY19 as against 24.7% in 2QFY18.
  • Net profit for the quarter declined by 131.2% QoQ, while net profit margins declined from 2.8% in 2QFY18 to -0.9% in 3QFY19.

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 250.2 to Rs 129.2, registering a Loss of Rs 121.1 or around 48.4%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,343.7 (down 1.9%). Over the last one year it has moved down from 15,011.8 to 10,343.7, a gain of 4,668 points (down 31.1%).

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 129.2, the price to book value (P/BV) ratio of JINDAL STEEL & POWER stands at 0.4 times.

Equitymaster requests your view! Post a comment on "JINDAL STEEL & POWER Announces Quarterly Results (3QFY19); Net Profit Down 124.0%". Click here!

  

Related Views on News

JINDAL STEEL & POWER 2018-19 Annual Report Analysis (Annual Result Update)

Sep 9, 2019 | Updated on Sep 9, 2019

Here's an analysis of the annual report of JINDAL STEEL & POWER for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of JINDAL STEEL & POWER. Also includes updates on the valuation of JINDAL STEEL & POWER.

JINDAL STEEL & POWER Announces Quarterly Results (4QFY19); Net Profit Down 536.4% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, JINDAL STEEL & POWER has posted a net profit of Rs 27 bn (down 536.4% YoY). Sales on the other hand came in at Rs 102 bn (up 18.1% YoY). Read on for a complete analysis of JINDAL STEEL & POWER's quarterly results.

JINDAL STEEL & POWER 2017-18 Annual Report Analysis (Annual Result Update)

Dec 20, 2018 | Updated on Dec 20, 2018

Here's an analysis of the annual report of JINDAL STEEL & POWER for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JINDAL STEEL & POWER. Also includes updates on the valuation of JINDAL STEEL & POWER.

JINDAL STEEL & POWER Announces Quarterly Results (2QFY19); Net Profit Up 155.9% (Quarterly Result Update)

Nov 15, 2018 | Updated on Nov 15, 2018

For the quarter ended September 2018, JINDAL STEEL & POWER has posted a net profit of Rs 3 bn (up 155.9% YoY). Sales on the other hand came in at Rs 100 bn (up 63.0% YoY). Read on for a complete analysis of JINDAL STEEL & POWER's quarterly results.

More Views on News

Most Popular

Could this Smallcap Be the Next Page Industries?(Profit Hunter)

Nov 27, 2019

A single stock - Coca Cola, made Buffett billions. Here's your chance to break into the crorepati club with a single smallcap stock investment.

My Best Trading Recommendation of the Year

Nov 22, 2019

My short-term views on the two assets, I'm most bullish on.

How We Made 12.68% in One Overnight Trade(The 5 Minute Wrapup)

Nov 25, 2019

This one trade had my subscribers laughing all the way to the bank.

How to Take Out Money from the Trading Terminal and Put it in to Your Pocket(Profit Hunter)

Nov 22, 2019

Here's a simple way to move money out of your trading terminal and into your pocket.

Two Trends to Look at as Sensex Crosses 41,000 Levels(Views On News)

Nov 26, 2019

The two trends that are playing out as Sensex touches new record high.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2020
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

JINDAL STEEL & POWER SHARE PRICE


Dec 5, 2019 (Close)

TRACK JINDAL STEEL & POWER

  • Track your investment in JINDAL STEEL & POWER with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON JINDAL STEEL & POWER

JINDAL STEEL & POWER 8-QTR ANALYSIS

COMPARE JINDAL STEEL & POWER WITH

MARKET STATS