JAYASWAL NECO Announces Quarterly Results (3QFY19); Net Profit Up 29.0%
Mon, 4 Feb

JAYASWAL NECO has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

JAYASWAL NECO Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m8,21011,66510,861-6.9%32.3%
Other incomeRs m189677-89.1%-96.1%
TurnoverRs m8,39911,73210,869-7.4%29.4%
ExpensesRs m7,75610,1169,632-4.8%24.2%
Gross profitRs m4411,5491,229-20.6%178.8%
DepreciationRs m686688687-0.1%0.1%
InterestRs m1,6881,7951,794-0.1%6.3%
Profit before taxRs m-1,744-867-1,244
TaxRs m2-5-5-433.3%
Profit after taxRs m-1,746-862-1,239
Gross profit margin%5.413.311.3
Effective tax rate%-0.10.60.4
Net profit margin%-20.8-7.4-11.4
* 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 32.3% on a year-on-year (YoY) basis. The expenses were up by 24.2% YoY during the same period.
  • The company's operating profit increased by 178.8% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.3% in 3QFY19 as against 5.4% in 3QFY18.
  • Depreciation charges increased by 0.1% and finance costs increased by 6.3% YoY, respectively.
  • Other income declined by 96.1% YoY during the quarter.
  • Net profit for the quarter increased by 29.0% YoY. Net profit margins during the quarter increased from -20.8% in 3QFY18 to -11.4% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.8% QoQ during the same period.
  • The company's operating profit declined by 20.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.3% in 3QFY19 as against 13.3% in 2QFY18.
  • Net profit for the quarter declined by 43.7% QoQ, while net profit margins declined from -7.3% in 2QFY18 to -11.4% in 3QFY19.

To see how JAYASWAL NECO has performed over the last eight quarters, please visit here.

JAYASWAL NECO Share Price Performance

Over the last one year, JAYASWAL NECO share price has moved up from Rs 9.6 to Rs 4.8, registering a Loss of Rs 4.8 or around 49.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,342.3 (down 1.9%). Over the last one year it has moved down from 15,011.8 to 10,342.3, a gain of 4,669 points (down 31.1%).

Overall, the S&P BSE SENSEX is up 1.5% over the year.

Current Valuations

At the current price of Rs 4.8, the price to book value (P/BV) ratio of JAYASWAL NECO stands at 0.1 times.