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

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?  

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.

Equitymaster requests your view! Post a comment on "JINDAL STAINLESS Announces Quarterly Results (1QFY20); Net Profit Down 26.4%". Click here!

  

Related Views on News

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

May 27, 2019 | Updated on May 27, 2019

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.

JINDAL STAINLESS 2017-18 Annual Report Analysis (Annual Result Update)

Mar 14, 2019 | Updated on Mar 14, 2019

Here's an analysis of the annual report of JINDAL STAINLESS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of JINDAL STAINLESS. Also includes updates on the valuation of JINDAL STAINLESS.

JINDAL STAINLESS Announces Quarterly Results (3QFY19); Net Profit Down 61.1% (Quarterly Result Update)

Feb 13, 2019 | Updated on Feb 13, 2019

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.

More Views on News

Most Popular

The Next Few Days Are Crucial for Smallcap Investors - And 3 Must-Buy Stocks(Profit Hunter)

Feb 19, 2020

While I have been writing about the rebound in smallcaps for quite some time now... I have shied from the question - When exactly is the smallcap rebound happening. Well, the answer is now.

Here's Why I Recommended 15 Stocks in One Day Flat(Views On News)

Feb 14, 2020

This proven strategy can give big returns in quick time.

The Top 8 Trading Mistakes You Should Avoid(Fast Profits Daily)

Feb 18, 2020

Avoid these mistakes and your trading will turn much more profitable.

Corona Virus Could Trigger a Rally in this Stock(Profit Hunter)

Feb 20, 2020

A company which benefits from crude oil and coronavirus - if you would like to know more about it read this.

These Rebirth of India Stocks Are Raring to Compete with Tesla(The 5 Minute Wrapup)

Feb 17, 2020

There are Indian stocks which can soar like Tesla in the long-run.

More

India's #1 Trader
Reveals His Secrets

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

JINDAL STAINLESS SHARE PRICE


Feb 25, 2020 (Close)

TRACK JINDAL STAINLESS

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

MORE ON JINDAL STAINLESS

JINDAL STAINLESS 8-QTR ANALYSIS

COMPARE JINDAL STAINLESS WITH

MARKET STATS