JINDAL STAINLESS Announces Quarterly Results (1QFY20); Net Profit Down 26.4%

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JINDAL STAINLESS Announces Quarterly Results (1QFY20); Net Profit Down 26.4%
Wed, 7 Aug

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

JINDAL STAINLESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m31,46832,51330,667-5.7%-2.5%
Other incomeRs m58889710.1%68.0%
TurnoverRs m31,52532,60130,764-5.6%-2.4%
ExpensesRs m27,71829,49027,529-6.6%-0.7%
Gross profitRs m3,5983,0143,38212.2%-6.0%
DepreciationRs m7619251,0089.0%32.5%
InterestRs m1,4971,6111,419-11.9%-5.2%
Profit before taxRs m1,3995671,05285.5%-24.8%
TaxRs m49024438457.0%-21.8%
Profit after taxRs m909323668107.0%-26.4%
Gross profit margin%11.49.311.0
Effective tax rate%35.043.136.5
Net profit margin%2.91.02.2
* 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 2.5% on a year-on-year (YoY) basis. The expenses were down by 0.7% YoY during the same period.
  • The company's operating profit declined by 6.0% YoY during the quarter. Consequently, operating profit margins remained same and stood at 11.0% in 1QFY20.
  • Depreciation charges increased by 32.5% and finance costs declined by 5.2% YoY, respectively.
  • Other income increased by 68.0% YoY during the quarter.
  • Net profit for the quarter declined by 26.4% YoY. Net profit margins during the quarter declined from 2.9% in 1QFY19 to 2.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.6% QoQ during the same period.
  • The company's operating profit increased by 12.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.0% in 1QFY20 as against 9.3% in 4QFY19.
  • Net profit for the quarter increased by 107.0% QoQ, while net profit margins increased from 1.0% in 4QFY19 to 2.2% in 1QFY20.

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

JINDAL STAINLESS Share Price Performance

Over the last one year,JINDAL STAINLESS share price has moved down from Rs 65.1 to Rs 30.3, registering a Loss of Rs 34.9 or around 53.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,023.7 (down 1.0%). Over the last one year it has moved down from 13,065.4 to 9,023.7, a gain of 4,042 points (down 30.9%).

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 30.3, the price to earnings (P/E) ratio of JINDAL STAINLESS stands at 6.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

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JINDAL STAINLESS Announces Quarterly Results (4QFY19); Net Profit Down 71.9% (Quarterly Result Update)

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For the quarter ended March 2019, JINDAL STAINLESS has posted a net profit of Rs 323 m (down 71.9% YoY). Sales on the other hand came in at Rs 33 bn (up 2.5% YoY). Read on for a complete analysis of JINDAL STAINLESS's quarterly results.

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For the quarter ended December 2018, JINDAL STAINLESS has posted a net profit of Rs 524 m (down 61.1% YoY). Sales on the other hand came in at Rs 31 bn (up 4.9% YoY). Read on for a complete analysis of JINDAL STAINLESS's quarterly results.

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