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

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JAYASWAL NECO Announces Quarterly Results (2QFY19); Net Profit Down 22.5%
Mon, 5 Nov

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

JAYASWAL NECO Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m8,32410,09811,66515.5%40.1%
Other incomeRs m111767300.0%536.2%
TurnoverRs m8,33510,11511,73216.0%40.8%
ExpensesRs m7,4938,68610,11616.5%35.0%
Gross profitRs m8311,4121,5499.7%86.3%
DepreciationRs m6406816881.0%7.4%
InterestRs m1,6631,7341,7953.5%7.9%
Profit before taxRs m-1,462-986-867
TaxRs m-758-4-5
Profit after taxRs m-704-982-862
Gross profit margin%10.014.013.3
Effective tax rate%51.90.40.6
Net profit margin%-8.4-9.7-7.4
* 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 40.1% on a year-on-year (YoY) basis. The expenses were up by 35.0% YoY during the same period.
  • The company's operating profit increased by 86.3% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.3% in 2QFY19 as against 10.0% in 2QFY18.
  • Depreciation charges increased by 7.4% and finance costs increased by 7.9% YoY, respectively.
  • Other income increased by 536.2% YoY during the quarter.
  • Net profit for the quarter declined by 22.5% YoY. Net profit margins during the quarter increased from -8.4% in 2QFY18 to -7.4% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 16.5% QoQ during the same period.
  • The company's operating profit declined by 9.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.3% in 2QFY19 as against 14.0% in 1QFY18.
  • Net profit for the quarter increased by 12.2% QoQ, while net profit margins increased from -9.7% in 1QFY18 to -7.4% in 2QFY19.

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 10.1 to Rs 4.9, registering a Loss of Rs 5.2 or around 51.6%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 13,079.5 (up 0.1%). Over the last one year it has moved down from 14,943.8 to 13,079.5, a gain of 1,864 points (down 12.5%).

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 4.9, the price to book value (P/BV) ratio of JAYASWAL NECO stands at 0.1 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 (1QFY19); Net Profit Down 0.1% (Quarterly Result Update)

Aug 3, 2018 | Updated on Aug 3, 2018

For the quarter ended June 2018, JAYASWAL NECO has posted a net profit of Rs 982 m (down 0.1% YoY). Sales on the other hand came in at Rs 10 bn (up 13.7% YoY). Read on for a complete analysis of JAYASWAL NECO's quarterly results.

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