JSW STEEL Announces Quarterly Results (4QFY20); Net Profit Down 85.8%

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 (4QFY20); Net Profit Down 85.8%
Wed, 27 May

JSW STEEL has announced its results for the quarter ended March 2020. Here is a detailed performance review of the same:

JSW STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m223,680180,550178,870-0.9%-20.0%
Other incomeRs m5301,2701,220-3.9%130.2%
TurnoverRs m224,210181,820180,090-1.0%-19.7%
ExpensesRs m179,280156,040149,120-4.4%-16.8%
Gross profitRs m44,40024,51021,700-11.5%-51.1%
DepreciationRs m10,84010,55011,0805.0%2.2%
InterestRs m10,46010,60010,360-2.3%-1.0%
Profit before taxRs m23,6304,6301,480-68.0%-93.7%
TaxRs m8,3502,490-690-127.7%-108.3%
Profit after taxRs m15,2802,1402,1701.4%-85.8%
Gross profit margin%19.813.612.1
Effective tax rate%35.353.8-46.6
Net profit margin%6.81.21.2
* 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 20.0% on a year-on-year (YoY) basis. The expenses were down by 16.8% YoY during the same period.
  • The company's operating profit declined by 51.1% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 4QFY20 as against 19.8% in 4QFY19.
  • Depreciation charges increased by 2.2% and finance costs declined by 1.0% YoY, respectively.
  • Other income increased by 130.2% YoY during the quarter.
  • Net profit for the quarter declined by 85.8% YoY. Net profit margins during the quarter declined from 6.8% in 4QFY19 to 1.2% in 4QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.4% QoQ during the same period.
  • The company's operating profit declined by 11.5% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.1% in 4QFY20 as against 13.6% in 3QFY19.
  • Net profit for the quarter increased by 1.4% QoQ, while net profit margins increased from 1.2% in 3QFY19 to 1.2% in 4QFY20.

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

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

JSW STEEL Share Price Performance

Over the last one year,JSW STEEL share price has moved down from Rs 287.8 to Rs 179.9, registering a Loss of Rs 108.0 or around 37.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 6,454.6 (up 1.3%). Over the last one year it has moved down from 11,028.8 to 6,454.6, a loss of 4,574 points (down 41.5%).

Overall, the S&P BSE SENSEX is down 22.2% over the year.

Current Valuations

At the current price of Rs 179.9, the price to earnings (P/E) ratio of JSW STEEL stands at 138.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.2 times.

Equitymaster requests your view! Post a comment on "JSW STEEL Announces Quarterly Results (4QFY20); Net Profit Down 85.8%". Click here!

  

Related Views on News

JSW STEEL Announces Quarterly Results (3QFY20); Net Profit Down 86.8% (Quarterly Result Update)

Jan 27, 2020 | Updated on Jan 27, 2020

For the quarter ended December 2019, JSW STEEL has posted a net profit of Rs 2 bn (down 86.8% YoY). Sales on the other hand came in at Rs 181 bn (down 11.1% YoY). Read on for a complete analysis of JSW STEEL's quarterly results.

JSW STEEL Announces Quarterly Results (2QFY20); Net Profit Down 154.8% (Quarterly Result Update)

Nov 1, 2019 | Updated on Nov 1, 2019

For the quarter ended September 2019, JSW STEEL has posted a net profit of Rs 11 bn (down 154.8% YoY). Sales on the other hand came in at Rs 176 bn (down 18.5% YoY). Read on for a complete analysis of JSW STEEL's quarterly results.

JSW STEEL 2018-19 Annual Report Analysis (Annual Result Update)

Jul 8, 2019 | Updated on Jul 8, 2019

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

More Views on News

Most Popular

Hotel Stocks Will Reward Investors(Fast Profits Daily)

Jun 8, 2021

This is why I'm bullish on the hotel and hospitality sector.

My 'Unlock' Investments(Fast Profits Daily)

Jun 11, 2021

The best unlock investments you can make in the market.

The Most Visible Sign of India's Revival is on Two Wheels(Profit Hunter)

Jun 9, 2021

Investing in the best stocks could result in wealth compounding on a massive scale.

How I Discovered a 400-Year-Old Open Secret to Extreme Wealth(Profit Hunter)

Jun 11, 2021

Charlie Munger's open secret about investing success.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

JSW STEEL SHARE PRICE


Jun 18, 2021 (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

JSW STEEL - GODAWARI POWER COMPARISON

COMPARE JSW STEEL WITH

MARKET STATS