JINDAL SAW LTD Announces Quarterly Results (1QFY19); Net Profit Up 48.4%

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JINDAL SAW LTD Announces Quarterly Results (1QFY19); Net Profit Up 48.4%
Fri, 3 Aug

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

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m14,55724,48622,843-6.7%56.9%
Other incomeRs m64040161753.7%-3.6%
TurnoverRs m15,19724,88823,460-5.7%54.4%
ExpensesRs m12,86120,52819,957-2.8%55.2%
Gross profitRs m1,6963,9582,886-27.1%70.2%
DepreciationRs m616659653-0.9%5.9%
InterestRs m8731,2531,47918.0%69.3%
Profit before taxRs m8462,4481,372-44.0%62.1%
TaxRs m206864421-51.2%104.8%
Profit after taxRs m6401,584951-40.0%48.4%
Gross profit margin%11.616.212.6
Effective tax rate%24.335.330.7
Net profit margin%4.26.44.1
* 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 56.9% on a year-on-year (YoY) basis. The expenses were up by 55.2% YoY during the same period.
  • The company's operating profit increased by 70.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.6% in 1QFY19 as against 11.6% in 1QFY18.
  • Depreciation charges and finance costs increased by 5.9% YoY and 69.3% YoY, respectively.
  • Other income declined by 3.6% YoY during the quarter.
  • Net profit for the quarter increased by 48.4% YoY. Net profit margins during the quarter declined from 4.2% in 1QFY18 to 4.1% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.7% on a quarter-on-quarter (QoQ) basis. The expenses were down by 2.8% QoQ during the same period.
  • The company's operating profit declined by 27.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.6% in 1QFY19 as against 16.2% in 4QFY18.
  • Net profit for the quarter declined by 40.0% QoQ, while net profit margins declined from 6.4% in 4QFY18 to 4.1% in 1QFY19.

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

JINDAL SAW LTD Share Price Performance

Over the last one year, JINDAL SAW LTD share price has moved up from Rs 94.6 to Rs 85.0, registering a Loss of Rs 9.6 or around 10.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,803.3 (up 1.5%). Over the last one year it has moved up from 12,296.5 to 12,803.3, a gain of 507 points (up 4.1%).

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 85.0, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 5.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.7 times.

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Related Views on News

JINDAL SAW LTD Announces Quarterly Results (1QFY20); Net Profit Up 53.1% (Quarterly Result Update)

Aug 19, 2019 | Updated on Aug 19, 2019

For the quarter ended June 2019, JINDAL SAW LTD has posted a net profit of Rs 1 bn (up 53.1% YoY). Sales on the other hand came in at Rs 26 bn (up 13.0% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

JINDAL SAW LTD Announces Quarterly Results (4QFY19); Net Profit Down 3.6% (Quarterly Result Update)

May 24, 2019 | Updated on May 24, 2019

For the quarter ended March 2019, JINDAL SAW LTD has posted a net profit of Rs 2 bn (down 3.6% YoY). Sales on the other hand came in at Rs 28 bn (up 16.2% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

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Oct 18, 2019 12:17 PM

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