JSW HOLDINGS Announces Quarterly Results (1QFY19); Net Profit Down 75.7%

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JSW HOLDINGS Announces Quarterly Results (1QFY19); Net Profit Down 75.7%
Mon, 6 Aug

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

JSW HOLDINGS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5091231273.6%-75.0%
Other incomeRs m3000.0%-91.5%
TurnoverRs m5111231273.7%-75.1%
ExpensesRs m131313-1.2%-2.3%
Gross profitRs m4961101144.1%-76.9%
DepreciationRs m000-23.1%400.0%
InterestRs m0000.0%0.0%
Profit before taxRs m4981101154.3%-77.0%
TaxRs m932016-18.3%-82.7%
Profit after taxRs m40590989.3%-75.7%
Gross profit margin%97.489.590.0
Effective tax rate%18.718.014.1
Net profit margin%79.273.377.3
* 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 75.0% on a year-on-year (YoY) basis. The expenses were down by 2.3% YoY during the same period.
  • The company's operating profit declined by 76.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 90.0% in 1QFY19 as against 97.4% in 1QFY18.
  • Depreciation charges and finance costs increased by 400.0% YoY and 0.0% YoY, respectively.
  • Other income declined by 91.5% YoY during the quarter.
  • Net profit for the quarter declined by 75.7% YoY. Net profit margins during the quarter declined from 79.2% in 1QFY18 to 77.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 3.6% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.2% QoQ during the same period.
  • The company's operating profit increased by 4.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 90.0% in 1QFY19 as against 89.5% in 4QFY18.
  • Net profit for the quarter increased by 9.3% QoQ, while net profit margins increased from 73.2% in 4QFY18 to 77.3% in 1QFY19.

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

JSW HOLDINGS Share Price Performance

Over the last one year, JSW HOLDINGS share price has moved up from Rs 1,882.1 to Rs 2,089.3, registering a Gain of Rs 207.3 or around 11.0%.

Overall, the S&P BSE SENSEX is up 0.5% over the year.

Current Valuations

At the current price of Rs 2,089.3, the price to earnings (P/E) ratio of JSW HOLDINGS stands at 61.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 2.5 times.

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