JINDAL DRILLING Announces Quarterly Results (3QFY19); Net Profit Up 311.3%

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JINDAL DRILLING Announces Quarterly Results (3QFY19); Net Profit Up 311.3%
Thu, 14 Feb

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

JINDAL DRILLING Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m3565105303.8%48.9%
Other incomeRs m4614841-72.2%-10.4%
TurnoverRs m402658571-13.3%42.1%
ExpensesRs m4074474480.3%10.1%
Gross profitRs m-51648228.7%
DepreciationRs m232323-0.4%0.4%
InterestRs m63633-8.1%430.6%
Profit before taxRs m-3415367-56.1%
TaxRs m-113619-49.2%
Profit after taxRs m-2311749-58.3%
Gross profit margin%-14.412.415.4
Effective tax rate%32.923.827.6
Net profit margin%-5.717.78.5
* 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 48.9% on a year-on-year (YoY) basis. The expenses were up by 10.1% YoY during the same period.
  • The company's operating profit declined by 259.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY19 as against 14.4% in 3QFY18.
  • Depreciation charges increased by 0.4% and finance costs increased by 430.6% YoY, respectively.
  • Other income declined by 10.4% YoY during the quarter.
  • Net profit for the quarter increased by 311.3% YoY. Net profit margins during the quarter increased from -5.7% in 3QFY18 to 8.5% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.3% QoQ during the same period.
  • The company's operating profit increased by 28.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.4% in 3QFY19 as against 12.4% in 2QFY18.
  • Net profit for the quarter declined by 58.3% QoQ, while net profit margins declined from 17.8% in 2QFY18 to 8.5% in 3QFY19.

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 up from Rs 171.7 to Rs 92.1, registering a Loss of Rs 79.6 or around 46.4%.

Meanwhile, the S&P BSE CAPITAL GOODS Index is trading at Rs 16,324.5 (up 0.3%). Over the last one year it has moved down from 19,622.2 to 16,324.5, a gain of 3,298 points (down 16.8%).

Overall, the S&P BSE SENSEX is up 5.3% over the year.

Current Valuations

At the current price of Rs 92.1, the price to earnings (P/E) ratio of JINDAL DRILLING stands at 48.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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