JINDAL DRILLING Announces Quarterly Results (1QFY20); Net Profit Down 56.4%

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JINDAL DRILLING Announces Quarterly Results (1QFY20); Net Profit Down 56.4%
Tue, 13 Aug

JINDAL DRILLING has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

JINDAL DRILLING Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m532503316-37.2%-40.6%
Other incomeRs m17617379-54.4%-55.2%
TurnoverRs m708676395-41.6%-44.2%
ExpensesRs m512589281-52.2%-45.0%
Gross profitRs m20-863574.2%
DepreciationRs m222120-4.7%-8.6%
InterestRs m203733-10.5%68.5%
Profit before taxRs m1542960108.0%-61.0%
TaxRs m55-4817-69.5%
Profit after taxRs m997743-43.5%-56.4%
Gross profit margin%3.7-17.110.9
Effective tax rate%35.6-165.128.0
Net profit margin%14.011.311.0
* 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 40.6% on a year-on-year (YoY) basis. The expenses were down by 45.0% YoY during the same period.
  • The company's operating profit increased by 74.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 1QFY20 as against 3.7% in 1QFY19.
  • Depreciation charges declined by 8.6% and finance costs increased by 68.5% YoY, respectively.
  • Other income declined by 55.2% YoY during the quarter.
  • Net profit for the quarter declined by 56.4% YoY. Net profit margins during the quarter declined from 14.0% in 1QFY19 to 11.0% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 37.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 52.2% QoQ during the same period.
  • The company's operating profit increased by 140.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.9% in 1QFY20 as against 17.1% in 4QFY19.
  • Net profit for the quarter declined by 43.5% QoQ, while net profit margins declined from 11.4% in 4QFY19 to 11.0% in 1QFY20.

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

JINDAL DRILLING Share Price Performance

Over the last one year,JINDAL DRILLING share price has moved down from Rs 122.0 to Rs 69.9, registering a Loss of Rs 52.1 or around 42.7%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 17,110.1 (down 1.1%). Over the last one year it has moved down from 18,029.9 to 17,110.1, a gain of 920 points (down 5.1%).

Overall, the S&P BSE SENSEX is down 1.3% over the year.

Current Valuations

At the current price of Rs 69.9, the price to earnings (P/E) ratio of JINDAL DRILLING stands at 7.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.1 times.

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