JINDAL SAW Announces Quarterly Results (1QFY22); Net Profit Up 648.5%

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JINDAL SAW Announces Quarterly Results (1QFY22); Net Profit Up 648.5%
Tue, 3 Aug

JINDAL SAW has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

JINDAL SAW Quarterly Financials

No. of Mths
Qtr. Ending
QoQ ChangeYoY Change
Net SalesRs m16,40837,83928,846-23.8%75.8%
Other incomeRs m412473378-20.0%-8.3%
TurnoverRs m16,82038,31129,224-23.7%73.7%
ExpensesRs m14,57433,08924,628-25.6%69.0%
Gross profitRs m1,8344,7504,218-11.2%129.9%
DepreciationRs m1,0751,2451,122-9.9%4.4%
InterestRs m1,3511,1121,2139.1%-10.2%
Profit before taxRs m-1792,8652,261-21.1%
TaxRs m87999803-19.5%825.6%
Profit after taxRs m-2661,8671,457-21.9%
Gross profit margin%11.212.614.6
Effective tax rate%-48.534.935.5
Net profit margin%-
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster

Year-on-Year Performance:
  • The company's operating income during the quarter grew 75.8% on a year-on-year (YoY) basis. The expenses were up by 69.0% YoY during the same period.
  • The company's operating profit increased by 129.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 1QFY22 as against 11.2% in 1QFY21.
  • Depreciation charges increased by 4.4% and finance costs declined by 10.2% YoY, respectively.
  • Other income declined by 8.3% YoY during the quarter.
  • Net profit for the quarter increased by 648.5% YoY. Net profit margins during the quarter increased from -1.6% in 1QFY21 to 5.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 25.6% QoQ during the same period.
  • The company's operating profit declined by 11.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 1QFY22 as against 12.6% in 4QFY21.
  • Net profit for the quarter declined by 21.9% QoQ, while net profit margins increased from 4.9% in 4QFY21 to 5.0% in 1QFY22.

To see how JINDAL SAW has performed over the last eight quarters,please visit here.

Check Out: Why Millions of Dollars are Getting Pumped into this Sector?

JINDAL SAW Share Price Performance

Over the last one year, JINDAL SAW share price has moved up from Rs 55.3 to Rs 135.2, registering a Gain of Rs 80.0 or around 144.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 21,013.1 (down 0.1%). Over the last one year it has moved up from 7,859.9 to 21,013.1, a gain of 13,153 points (up 167.3%).

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 135.2, the price to earnings (P/E) ratio of JINDAL SAW stands at 8.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.

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JINDAL SAW 2020-21 Annual Report Analysis (Annual Result Update)

Sep 6, 2021 | Updated on Sep 6, 2021

Here's an analysis of the annual report of JINDAL SAW for 2020-21. It includes a full income statement, balance sheet and cash flow analysis of JINDAL SAW. Also includes updates on the valuation of JINDAL SAW.

JINDAL SAW LTD Announces Quarterly Results (1QFY21); Net Profit Down 93.1% (Quarterly Result Update)

Aug 21, 2020 | Updated on Aug 21, 2020

For the quarter ended June 2020, JINDAL SAW LTD has posted a net profit of Rs 100 m (down 93.1% YoY). Sales on the other hand came in at Rs 13 bn (down 47.8% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

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