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

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 (3QFY19); Net Profit Down 61.1%
Wed, 13 Feb

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

JINDAL STAINLESS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m29,88930,81431,3471.7%4.9%
Other incomeRs m1087159-18.0%-45.8%
TurnoverRs m29,99730,88631,4061.7%4.7%
ExpensesRs m26,03328,50229,0722.0%11.7%
Gross profitRs m4,2391,7803,03070.2%-28.5%
DepreciationRs m7698038637.6%12.2%
InterestRs m1,5361,5661,467-6.3%-4.4%
Profit before taxRs m2,043-517758-62.9%
TaxRs m695-153234-66.3%
Profit after taxRs m1,347-364524-61.1%
Gross profit margin%14.25.89.7
Effective tax rate%34.029.530.9
Net profit margin%4.5-1.21.7
* 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 4.9% on a year-on-year (YoY) basis. The expenses were up by 11.7% YoY during the same period.
  • The company's operating profit declined by 28.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.7% in 3QFY19 as against 14.2% in 3QFY18.
  • Depreciation charges increased by 12.2% and finance costs declined by 4.4% YoY, respectively.
  • Other income declined by 45.8% YoY during the quarter.
  • Net profit for the quarter declined by 61.1% YoY. Net profit margins during the quarter declined from 4.5% in 3QFY18 to 1.7% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 1.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit increased by 70.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 9.7% in 3QFY19 as against 5.8% in 2QFY18.
  • Net profit for the quarter increased by 243.7% QoQ, while net profit margins increased from -1.2% in 2QFY18 to 1.7% in 3QFY19.

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 up from Rs 114.5 to Rs 31.5, registering a Loss of Rs 83.0 or around 72.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,359.7 (down 0.2%). Over the last one year it has moved down from 15,253.5 to 10,359.7, a gain of 4,894 points (down 32.1%).

Overall, the S&P BSE SENSEX is up 5.7% over the year.

Current Valuations

At the current price of Rs 31.5, the price to earnings (P/E) ratio of JINDAL STAINLESS stands at 3.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at -4.9 times.

Equitymaster requests your view! Post a comment on "JINDAL STAINLESS Announces Quarterly Results (3QFY19); Net Profit Down 61.1%". Click here!

  

Related Views on News

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 (2QFY19); Net Profit Down 233.5% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, JINDAL STAINLESS has posted a net profit of Rs 364 m (down 233.5% YoY). Sales on the other hand came in at Rs 31 bn (up 18.2% YoY). Read on for a complete analysis of JINDAL STAINLESS's quarterly results.

JINDAL STAINLESS Announces Quarterly Results (1QFY19); Net Profit Up 118.9% (Quarterly Result Update)

Jul 26, 2018 | Updated on Jul 26, 2018

For the quarter ended June 2018, JINDAL STAINLESS has posted a net profit of Rs 908 m (up 118.9% YoY). Sales on the other hand came in at Rs 31 bn (up 43.4% YoY). Read on for a complete analysis of JINDAL STAINLESS's quarterly results.

More Views on News

Most Popular

This is Why the Stock of Jubilant FoodWorks Went Up 1,160%(The 5 Minute Wrapup)

Apr 12, 2019

This critical business strategy has enabled companies to scale their operations faster.

Pocketing Massive Gains with HDFC And HDFC Bank(Profit Hunter)

Apr 12, 2019

Here's how one could have generated gains of Rs 59,250 in 10 days by trading HDFC and HDFC Bank with a capital of Rs 4 lakh.

A Simple 3-Point Investing Manifesto for You the Indian Investor(The 5 Minute Wrapup)

Apr 11, 2019

A must have checklist for every investor in the Indian stock market.

My Master Series on How to Trade Election 2019(Profit Hunter)

Apr 16, 2019

For 30 years he has watched how elections impact the markets, and practiced how to profit from it. Now he is here...telling you everything. Read on...

Election Series: Follow the World's Biggest Traders To See Where the Money Flows(The 5 Minute Wrapup)

Apr 17, 2019

20% of all the traders bring in 80% of the money. Watch these 20% and you get a working idea of which way the wind is blowing.

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

JINDAL STAINLESS SHARE PRICE


Apr 24, 2019 03:37 PM

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