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

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JINDAL SAW LTD Announces Quarterly Results (1QFY20); Net Profit Up 53.1%
Mon, 19 Aug

JINDAL SAW LTD has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m22,84328,44325,810-9.3%13.0%
Other incomeRs m617600480-20.0%-22.3%
TurnoverRs m23,46029,04226,289-9.5%12.1%
ExpensesRs m19,95724,71922,259-10.0%11.5%
Gross profitRs m2,8863,7243,551-4.7%23.0%
DepreciationRs m653711688-3.2%5.5%
InterestRs m1,4791,2251,179-3.8%-20.3%
Profit before taxRs m1,3722,3882,164-9.4%57.7%
TaxRs m421863708-17.9%68.0%
Profit after taxRs m9511,5261,456-4.6%53.1%
Gross profit margin%12.613.113.8
Effective tax rate%30.736.132.7
Net profit margin%4.15.35.5
* 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 13.0% on a year-on-year (YoY) basis. The expenses were up by 11.5% YoY during the same period.
  • The company's operating profit increased by 23.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.8% in 1QFY20 as against 12.6% in 1QFY19.
  • Depreciation charges increased by 5.5% and finance costs declined by 20.3% YoY, respectively.
  • Other income declined by 22.3% YoY during the quarter.
  • Net profit for the quarter increased by 53.1% YoY. Net profit margins during the quarter increased from 4.1% in 1QFY19 to 5.5% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 10.0% QoQ during the same period.
  • The company's operating profit increased by 4.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 13.8% in 1QFY20 as against 13.1% in 4QFY19.
  • Net profit for the quarter declined by 4.6% QoQ, while net profit margins increased from 5.3% in 4QFY19 to 5.5% in 1QFY20.

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 down from Rs 79.7 to Rs 71.9, registering a Loss of Rs 7.8 or around 9.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 8,901.2 (down 0.4%). Over the last one year it has moved down from 12,879.4 to 8,901.2, a gain of 3,978 points (down 30.9%).

Overall, the S&P BSE SENSEX is down 0.1% over the year.

Current Valuations

At the current price of Rs 71.9, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 3.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.

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Related Views on News

JINDAL SAW LTD Announces Quarterly Results (2QFY20); Net Profit Up 202.5% (Quarterly Result Update)

Nov 5, 2019 | Updated on Nov 5, 2019

For the quarter ended September 2019, JINDAL SAW LTD has posted a net profit of Rs 3 bn (up 202.5% YoY). Sales on the other hand came in at Rs 24 bn (up 0.7% 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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