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JAYASWAL NECO Announces Quarterly Results (1QFY19); Net Profit Down 0.1%

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JAYASWAL NECO Announces Quarterly Results (1QFY19); Net Profit Down 0.1%
Fri, 3 Aug

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

JAYASWAL NECO Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m8,88110,36110,098-2.5%13.7%
Other incomeRs m39717131.9%-57.0%
TurnoverRs m8,92010,36810,115-2.4%13.4%
ExpensesRs m8,1759,2778,686-6.4%6.3%
Gross profitRs m7901,0841,41230.3%78.8%
DepreciationRs m634769681-11.5%7.3%
InterestRs m1,4061,8251,734-5.0%23.4%
Profit before taxRs m-1,211-1,503-986
TaxRs m-228-22-4
Profit after taxRs m-983-1,481-982
Gross profit margin%8.910.514.0
Effective tax rate%18.81.50.4
Net profit margin%-11.0-14.3-9.7
* 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 13.7% on a year-on-year (YoY) basis. The expenses were up by 6.3% YoY during the same period.
  • The company's operating profit increased by 78.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.0% in 1QFY19 as against 8.9% in 1QFY18.
  • Depreciation charges and finance costs increased by 7.3% YoY and 23.4% YoY, respectively.
  • Other income declined by 57.0% YoY during the quarter.
  • Net profit for the quarter declined by 0.1% YoY. Net profit margins during the quarter increased from -11.0% in 1QFY18 to -9.7% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 2.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 6.4% QoQ during the same period.
  • The company's operating profit increased by 30.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.0% in 1QFY19 as against 10.5% in 4QFY18.
  • Net profit for the quarter declined by 33.7% QoQ, while net profit margins increased from -14.3% in 4QFY18 to -9.7% in 1QFY19.

To see how JAYASWAL NECO has performed over the last eight quarters, please visit here.

JAYASWAL NECO Share Price Performance

Over the last one year, JAYASWAL NECO share price has moved up from Rs 8.4 to Rs 6.8, registering a Loss of Rs 1.6 or around 18.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,822.3 (up 1.6%). Over the last one year it has moved up from 12,296.5 to 12,822.3, a gain of 526 points (up 4.3%).

Overall, the S&P BSE SENSEX is up 0.7% over the year.

Current Valuations

At the current price of Rs 6.8, the price to book value (P/BV) ratio of JAYASWAL NECO stands at 0.2 times.

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JAYASWAL NECO Announces Quarterly Results (3QFY19); Net Profit Up 29.0% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, JAYASWAL NECO has posted a net profit of Rs 1 bn (up 29.0% YoY). Sales on the other hand came in at Rs 11 bn (up 32.3% YoY). Read on for a complete analysis of JAYASWAL NECO's quarterly results.

JAYASWAL NECO Announces Quarterly Results (2QFY19); Net Profit Down 22.5% (Quarterly Result Update)

Nov 5, 2018 | Updated on Nov 5, 2018

For the quarter ended September 2018, JAYASWAL NECO has posted a net profit of Rs 862 m (down 22.5% YoY). Sales on the other hand came in at Rs 12 bn (up 40.1% YoY). Read on for a complete analysis of JAYASWAL NECO's quarterly results.

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