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

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JINDAL SAW LTD Announces Quarterly Results (2QFY20); Net Profit Up 202.5%
Tue, 5 Nov

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

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m23,37225,81023,531-8.8%0.7%
Other incomeRs m644480460-4.2%-28.6%
TurnoverRs m24,01626,28923,990-8.7%-0.1%
ExpensesRs m20,38222,25920,376-8.5%0.0%
Gross profitRs m2,9903,5512,620-26.2%-12.4%
DepreciationRs m7246887143.7%-1.5%
InterestRs m1,4421,1791,31111.2%-9.1%
Profit before taxRs m1,4672,1641,054-51.3%-28.2%
TaxRs m464708-1,980-379.7%-526.4%
Profit after taxRs m1,0031,4563,035108.5%202.5%
Gross profit margin%12.813.811.1
Effective tax rate%31.632.7-187.8
Net profit margin%4.25.512.6
* 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 0.7% on a year-on-year (YoY) basis. The expenses were down by 0.0% YoY during the same period.
  • The company's operating profit declined by 12.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 2QFY20 as against 12.8% in 2QFY19.
  • Depreciation charges declined by 1.5% and finance costs declined by 9.1% YoY, respectively.
  • Other income declined by 28.6% YoY during the quarter.
  • Net profit for the quarter increased by 202.5% YoY. Net profit margins during the quarter increased from 4.2% in 2QFY19 to 12.6% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.5% QoQ during the same period.
  • The company's operating profit declined by 26.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.1% in 2QFY20 as against 13.8% in 1QFY19.
  • Net profit for the quarter increased by 108.5% QoQ, while net profit margins increased from 5.5% in 1QFY19 to 12.6% in 2QFY20.

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

JUST IN: Top Stock for 2021 Revealed Here

JINDAL SAW LTD Share Price Performance

Over the last one year,JINDAL SAW LTD share price has moved down from Rs 88.1 to Rs 87.9, registering a Loss of Rs 0.2 or around 0.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,935.3 (up 0.9%). Over the last one year it has moved down from 13,091.4 to 9,935.3, a gain of 3,156 points (down 24.1%).

Overall, the S&P BSE SENSEX is up 15.4% over the year.

Current Valuations

At the current price of Rs 87.9, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 3.2 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 (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.

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.

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