JINDAL SAW Announces Quarterly Results (1QFY22); Net Profit Up 648.5%
Tue, 3 Aug

JINDAL SAW has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

JINDAL SAW Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m16,40837,83928,846-23.8%75.8%
Other incomeRs m412473378-20.0%-8.3%
TurnoverRs m16,82038,31129,224-23.7%73.7%
ExpensesRs m14,57433,08924,628-25.6%69.0%
Gross profitRs m1,8344,7504,218-11.2%129.9%
DepreciationRs m1,0751,2451,122-9.9%4.4%
InterestRs m1,3511,1121,2139.1%-10.2%
Profit before taxRs m-1792,8652,261-21.1%
TaxRs m87999803-19.5%825.6%
Profit after taxRs m-2661,8671,457-21.9%
Gross profit margin%11.212.614.6
Effective tax rate%-48.534.935.5
Net profit margin%-1.64.95.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 75.8% on a year-on-year (YoY) basis. The expenses were up by 69.0% YoY during the same period.
  • The company's operating profit increased by 129.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 1QFY22 as against 11.2% in 1QFY21.
  • Depreciation charges increased by 4.4% and finance costs declined by 10.2% YoY, respectively.
  • Other income declined by 8.3% YoY during the quarter.
  • Net profit for the quarter increased by 648.5% YoY. Net profit margins during the quarter increased from -1.6% in 1QFY21 to 5.0% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 23.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 25.6% QoQ during the same period.
  • The company's operating profit declined by 11.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 1QFY22 as against 12.6% in 4QFY21.
  • Net profit for the quarter declined by 21.9% QoQ, while net profit margins increased from 4.9% in 4QFY21 to 5.0% in 1QFY22.

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

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JINDAL SAW Share Price Performance

Over the last one year, JINDAL SAW share price has moved up from Rs 55.3 to Rs 135.2, registering a Gain of Rs 80.0 or around 144.7%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 21,013.1 (down 0.1%). Over the last one year it has moved up from 7,859.9 to 21,013.1, a gain of 13,153 points (up 167.3%).

Overall, the S&P BSE SENSEX is up 42.6% over the year.

Current Valuations

At the current price of Rs 135.2, the price to earnings (P/E) ratio of JINDAL SAW stands at 8.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.6 times.