JINDAL SAW LTD Announces Quarterly Results (4QFY19); Net Profit Down 3.6%
Fri, 24 May

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

JINDAL SAW LTD Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m24,48623,41928,44321.5%16.2%
Other incomeRs m4015696005.4%49.4%
TurnoverRs m24,88823,98829,04221.1%16.7%
ExpensesRs m20,52820,28424,71921.9%20.4%
Gross profitRs m3,9583,1353,72418.8%-5.9%
DepreciationRs m659727711-2.2%7.9%
InterestRs m1,2538151,22550.2%-2.3%
Profit before taxRs m2,4482,1622,38810.5%-2.4%
TaxRs m86466186330.6%-0.2%
Profit after taxRs m1,5841,5021,5261.6%-3.6%
Gross profit margin%16.213.413.1
Effective tax rate%35.330.636.1
Net profit margin%6.46.35.3
* 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 16.2% on a year-on-year (YoY) basis. The expenses were up by 20.4% YoY during the same period.
  • The company's operating profit declined by 5.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.1% in 4QFY19 as against 16.2% in 4QFY18.
  • Depreciation charges increased by 7.9% and finance costs declined by 2.3% YoY, respectively.
  • Other income increased by 49.4% YoY during the quarter.
  • Net profit for the quarter declined by 3.6% YoY. Net profit margins during the quarter declined from 6.4% in 4QFY18 to 5.3% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.9% QoQ during the same period.
  • The company's operating profit declined by 18.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.1% in 4QFY19 as against 13.4% in 3QFY18.
  • Net profit for the quarter increased by 1.6% QoQ, while net profit margins declined from 6.3% in 3QFY18 to 5.3% in 4QFY19.

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 103.3 to Rs 82.4, registering a Loss of Rs 20.9 or around 20.2%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,498.9 (up 0.1%). Over the last one year it has moved down from 13,207.5 to 10,498.9, a gain of 2,709 points (down 20.5%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 82.4, the price to earnings (P/E) ratio of JINDAL SAW LTD stands at 4.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.4 times.