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JINDAL SAW LTD Announces Quarterly Results (2QFY19); Net Profit Up 66.9%

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JINDAL SAW LTD Announces Quarterly Results (2QFY19); Net Profit Up 66.9%
Wed, 14 Nov

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

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m13,21022,84323,3722.3%76.9%
Other incomeRs m5196176444.3%23.9%
TurnoverRs m13,73023,46024,0162.4%74.9%
ExpensesRs m11,02819,95720,3822.1%84.8%
Gross profitRs m2,1822,8862,9903.6%37.0%
DepreciationRs m68665372411.0%5.5%
InterestRs m1,1611,4791,442-2.5%24.2%
Profit before taxRs m8541,3721,4677.0%71.9%
TaxRs m25342146410.2%83.7%
Profit after taxRs m6019511,0035.5%66.9%
Gross profit margin%16.512.612.8
Effective tax rate%29.630.731.6
Net profit margin%4.44.14.2
* 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 76.9% on a year-on-year (YoY) basis. The expenses were up by 84.8% YoY during the same period.
  • The company's operating profit increased by 37.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.8% in 2QFY19 as against 16.5% in 2QFY18.
  • Depreciation charges increased by 5.5% and finance costs increased by 24.2% YoY, respectively.
  • Other income increased by 23.9% YoY during the quarter.
  • Net profit for the quarter increased by 66.9% YoY. Net profit margins during the quarter declined from 4.4% in 2QFY18 to 4.2% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.1% QoQ during the same period.
  • The company's operating profit increased by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.8% in 2QFY19 as against 12.6% in 1QFY18.
  • Net profit for the quarter increased by 5.5% QoQ, while net profit margins increased from 4.0% in 1QFY18 to 4.2% in 2QFY19.

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 117.5 to Rs 84.6, registering a Loss of Rs 33.0 or around 28.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,829.4 (up 0.3%). Over the last one year it has moved down from 14,274.2 to 12,829.4, a gain of 1,445 points (down 10.1%).

Overall, the S&P BSE SENSEX is up 6.5% over the year.

Current Valuations

At the current price of Rs 84.6, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 5.2 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 (3QFY19); Net Profit Up 56.0% (Quarterly Result Update)

Jan 25, 2019 | Updated on Jan 25, 2019

For the quarter ended December 2018, JINDAL SAW LTD has posted a net profit of Rs 2 bn (up 56.0% YoY). Sales on the other hand came in at Rs 23 bn (up 10.7% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

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

Aug 3, 2018 | Updated on Aug 3, 2018

For the quarter ended June 2018, JINDAL SAW LTD has posted a net profit of Rs 950 m (up 48.4% YoY). Sales on the other hand came in at Rs 23 bn (up 56.9% YoY). Read on for a complete analysis of JINDAL SAW LTD's quarterly results.

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