X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
JSW STEEL Announces Quarterly Results (1QFY19); Net Profit Up 283.4%

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?  

JSW STEEL Announces Quarterly Results (1QFY19); Net Profit Up 283.4%
Fri, 27 Jul

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

JSW STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m159,770208,170205,190-1.4%28.4%
Other incomeRs m41045058028.9%41.5%
TurnoverRs m160,180208,620205,770-1.4%28.5%
ExpensesRs m133,600155,270154,140-0.7%15.4%
Gross profitRs m26,17052,90051,260-3.1%95.9%
DepreciationRs m8,1908,6509,0504.6%10.5%
InterestRs m9,4508,8308,8700.5%-6.1%
Profit before taxRs m8,94035,87033,920-5.4%279.4%
TaxRs m2,8407,15010,53047.3%270.8%
Profit after taxRs m6,10028,72023,390-18.6%283.4%
Gross profit margin%16.425.425.0
Effective tax rate%31.819.931.0
Net profit margin%3.813.811.4
* 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 grew 28.4% on a year-on-year (YoY) basis. The expenses were up by 15.4% YoY during the same period.
  • The company's operating profit increased by 95.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 25.0% in 1QFY19 as against 16.4% in 1QFY18.
  • Depreciation charges and finance costs increased by 10.5% YoY and 6.1% YoY, respectively.
  • Other income increased by 41.5% YoY during the quarter.
  • Net profit for the quarter increased by 283.4% YoY. Net profit margins during the quarter increased from 3.8% in 1QFY18 to 11.4% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 1.4% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.7% QoQ during the same period.
  • The company's operating profit declined by 3.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 25.0% in 1QFY19 as against 25.4% in 4QFY18.
  • Net profit for the quarter declined by 18.6% QoQ, while net profit margins declined from 13.8% in 4QFY18 to 11.4% in 1QFY19.

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

JSW STEEL Share Price Performance

Over the last one year, JSW STEEL share price has moved up from Rs 214.7 to Rs 321.5, registering a Gain of Rs 106.8 or around 49.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,507.8 (up 1.9%). Over the last one year it has moved up from 12,392.2 to 12,507.8, a gain of 116 points (up 0.9%).

Overall, the S&P BSE SENSEX is up 0.8% over the year.

Current Valuations

At the current price of Rs 321.5, the price to earnings (P/E) ratio of JSW STEEL stands at 10.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.8 times.

Equitymaster requests your view! Post a comment on "JSW STEEL Announces Quarterly Results (1QFY19); Net Profit Up 283.4%". Click here!

  

Related Views on News

JSW STEEL Announces Quarterly Results (3QFY19); Net Profit Down 8.0% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

For the quarter ended December 2018, JSW STEEL has posted a net profit of Rs 16 bn (down 8.0% YoY). Sales on the other hand came in at Rs 203 bn (up 13.8% YoY). Read on for a complete analysis of JSW STEEL's quarterly results.

JSW STEEL Announces Quarterly Results (2QFY19); Net Profit Up 149.9% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, JSW STEEL has posted a net profit of Rs 21 bn (up 149.9% YoY). Sales on the other hand came in at Rs 216 bn (up 28.1% YoY). Read on for a complete analysis of JSW STEEL's quarterly results.

More Views on News

Most Popular

7 Stocks to Profit from Sensex 100,000(The 5 Minute Wrapup)

Feb 4, 2019

Tanushree Banerjee explains everything you need to know about the Rebirth of India and Sensex 100,000.

The RCom Bankruptcy: 5 Lessons for Smallcap Investors(Profit Hunter)

Feb 7, 2019

Managements of companies can create or ruin their fortunes. Why is management quality such an important factor in valuing businesses? Read on to find out...

Here's What the Biggest 'Rebirth of India' Investors are Doing(The 5 Minute Wrapup)

Feb 5, 2019

A roundtable on the 18th of January 2019 had investors with billions of dollars of investment kitty.

The One Real Estate Stock to Buy Now(The 5 Minute Wrapup)

Feb 13, 2019

The real estate sector is ready to make a comeback. This is the stock to consider buying.

Do You Have the Stomach to Survive a Small Cap Crash?(Profit Hunter)

Feb 5, 2019

While selecting good businesses is relatively easy task in a bearish phase, where most people fail is in having enough patience to hold the quality stocks until recovery.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

JSW STEEL SHARE PRICE


Feb 15, 2019 (Close)

TRACK JSW STEEL

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

COMPARE JSW STEEL WITH

MARKET STATS