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

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

JINDAL SAW LTD Announces Quarterly Results (1QFY21); Net Profit Down 93.1%
Fri, 21 Aug

JINDAL SAW LTD has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m25,81024,92613,460-46.0%-47.8%
Other incomeRs m4805855961.8%24.2%
TurnoverRs m26,28925,51114,056-44.9%-46.5%
ExpensesRs m22,25921,77011,949-45.1%-46.3%
Gross profitRs m3,5512,6881,511-43.8%-57.5%
DepreciationRs m688957822-14.2%19.4%
InterestRs m1,1791,3821,134-18.0%-3.8%
Profit before taxRs m2,164934151-83.9%-93.0%
TaxRs m70867650-92.6%-92.9%
Profit after taxRs m1,456258100-61.1%-93.1%
Gross profit margin%13.810.811.2
Effective tax rate%32.772.433.4
Net profit margin%5.51.00.7
* 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 fell 47.8% on a year-on-year (YoY) basis. The expenses were down by 46.3% YoY during the same period.
  • The company's operating profit declined by 57.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.2% in 1QFY21 as against 13.8% in 1QFY20.
  • Depreciation charges increased by 19.4% and finance costs declined by 3.8% YoY, respectively.
  • Other income increased by 24.2% YoY during the quarter.
  • Net profit for the quarter declined by 93.1% YoY. Net profit margins during the quarter declined from 5.5% in 1QFY20 to 0.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 46.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 45.1% QoQ during the same period.
  • The company's operating profit declined by 43.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.2% in 1QFY21 as against 10.8% in 4QFY20.
  • Net profit for the quarter declined by 61.1% QoQ, while net profit margins declined from 1.0% in 4QFY20 to 0.7% in 1QFY21.

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

EXPIRES TOMORROW: Full Transcript of Our Urgent Broadcast on India's Revival

JINDAL SAW LTD Share Price Performance

Over the last one year,JINDAL SAW LTD share price has moved up from Rs 67.3 to Rs 69.1, registering a Gain of Rs 1.8 or around 2.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,244.9 (up 0.1%). Over the last one year it has moved up from 8,496.2 to 9,244.9, a gain of 749 points (up 8.8%).

Overall, the S&P BSE SENSEX is up 3.1% over the year.

Current Valuations

At the current price of Rs 69.1, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 4.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.3 times.

Equitymaster requests your view! Post a comment on "JINDAL SAW LTD Announces Quarterly Results (1QFY21); Net Profit Down 93.1%". Click here!

  

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 (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.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

4 Stocks to Make Your Portfolio Immune to the Second Covid Wave(Profit Hunter)

Apr 6, 2021

Rather than predicting the market, successful investing is more about preparing well and placing your bets accordingly.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

A Unique Sector for Short-Term Profits(Fast Profits Daily)

Apr 12, 2021

This ignored sector could deliver big short-term profits.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

JINDAL SAW SHARE PRICE


Apr 16, 2021 (Close)

TRACK JINDAL SAW

  • Track your investment in JINDAL SAW with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

JINDAL SAW 8-QTR ANALYSIS

COMPARE JINDAL SAW WITH

MARKET STATS