JINDAL STEEL & POWER Announces Quarterly Results (3QFY20); Net Profit Down 150.5%

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 (3QFY20); Net Profit Down 150.5%
Mon, 20 Jan

JINDAL STEEL & POWER has announced its results for the quarter ended December 2019. Here is a detailed performance review of the same:

JINDAL STEEL & POWER Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m95,65689,39592,9984.0%-2.8%
Other incomeRs m14880-95.2%-99.7%
TurnoverRs m95,80489,40392,9984.0%-2.9%
ExpensesRs m74,88772,98074,8032.5%-0.1%
Gross profitRs m20,76916,41518,19510.8%-12.4%
DepreciationRs m10,35710,39010,179-2.0%-1.7%
InterestRs m10,42410,30110,024-2.7%-3.8%
Profit before taxRs m136-4,266-2,008-1576.5%
TaxRs m1,008-273178-82.4%
Profit after taxRs m-872-3,993-2,186
Gross profit margin%21.718.419.6
Effective tax rate%741.56.4-8.8
Net profit margin%-0.9-4.5-2.4
* 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 fell 2.8% on a year-on-year (YoY) basis. The expenses were down by 0.1% YoY during the same period.
  • The company's operating profit declined by 12.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.6% in 3QFY20 as against 21.7% in 3QFY19.
  • Depreciation charges declined by 1.7% and finance costs declined by 3.8% YoY, respectively.
  • Other income declined by 99.7% YoY during the quarter.
  • Net profit for the quarter declined by 150.5% YoY. Net profit margins during the quarter declined from -0.9% in 3QFY19 to -2.4% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.5% QoQ during the same period.
  • The company's operating profit increased by 10.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.6% in 3QFY20 as against 18.4% in 2QFY19.
  • Net profit for the quarter increased by 45.3% QoQ, while net profit margins increased from -4.5% in 2QFY19 to -2.4% in 3QFY20.

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

BREAKING NEWS: Massive Opportunity Triggered as Investing Legends Quit
JINDAL STEEL & POWER Share Price Performance

Over the last one year,JINDAL STEEL & POWER share price has moved up from Rs 145.7 to Rs 176.7, registering a Gain of Rs 31.0 or around 21.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,564.6 (down 0.5%). Over the last one year it has moved down from 11,080.3 to 10,564.6, a gain of 516 points (down 4.7%).

Overall, the S&P BSE SENSEX is up 14.7% over the year.

Current Valuations

At the current price of Rs 176.7, the price to book value (P/BV) ratio of JINDAL STEEL & POWER stands at 0.5 times.

Equitymaster requests your view! Post a comment on "JINDAL STEEL & POWER Announces Quarterly Results (3QFY20); Net Profit Down 150.5%". 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 Announces Quarterly Results (3QFY19); Net Profit Down 124.0% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, JINDAL STEEL & POWER has posted a net profit of Rs 872 m (down 124.0% YoY). Sales on the other hand came in at Rs 96 bn (up 36.8% 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.

More Views on News

Most Popular

This Crorepati Stock Could Be the Best Vaccine for Your Portfolio Against Coronavirus(Profit Hunter)

Mar 17, 2020

If there is one stock I had to recommend you amid Coronavirus outbreak, this would be it.

If I Were to Recommend One Stock Amid Coronavirus Outbreak, This Would be It.(Profit Hunter)

Mar 19, 2020

Coronavirus outbreak has made no impact on the long term prospects of my favourite smallcap. What it has indeed done is brought the company below my buy price, making it even more attractive investment at current price.

Why India Will Be the Biggest Winner in a Post-Coronavirus World(The 5 Minute Wrapup)

Mar 19, 2020

The way businesses operate will change in a major way post the coronavirus impact. Here's why India stands to benefit from this change...

A Big Trading Opportunity is Coming Your Way Soon(Fast Profits Daily)

Mar 25, 2020

I see a big opportunity to make fast profits on the horizon.

The Real Long-Term Impact of the Coronavirus on India(The 5 Minute Wrapup)

Mar 18, 2020

My view on the impact of the Coronavirus on the Indian economy.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

JINDAL STEEL & POWER SHARE PRICE


Mar 27, 2020 (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