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Values in Rs. in  Crores

Jindal Steel Sep 23 Year on Year Revenue Skies by 74.8% to Rs..9797 Crore and Year on Year Profit balloons by 403.2% to Rs.764 Crore. Quarter to Quarter Revenue Slip by 3.8% and Q to Q Profit crosses by 3.6%

00:00 / 03:52
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Revenue Analysis:

Jindal Steel, has reported a revenue of Rs. 9797 Crore, which has flies by 3.8% as compared to previous quarter revenue of Rs. 10184 Crore. As compared to revenue of September-22, there is a increases sharply by 74.8% from Rs. 5605 Crore. to Rs. 9797 Crore.


Market Expectations V/s Actual

The Market Estimate of the Revenue was Rs.10363.5 Crore . Company's reported Revenue of Rs. 9797 is below than expectation.


Profit and Cost Analysis as Compared to Previous June'23 Quarter Results:

Quarterly Profit has skies by 403.2% to Rs.764 Crore from Rs. 152 Crore, when compared with year ago quarter results. In comparison with preceding quarter of June, 2023 , quarter profit has soars by 3.6% to Rs.764 Crore from Rs. 738 Crore. Net Profit % of the Company has remained at 7.8% compared to 7.2% in previous quarter and 2.7% in year ago quarter.

On analysis, it is observed that this Quarter's EBITDA (Operating Profit) Margin has nearly remains regular to 12.6% from 12.0% as compared with June, 2023 quarter. The reason for the nearly maintains same of EBITDA Margin is due to,

a) Cost of Sales has nearly maintains same to 70.6% (Previous Quarter: 70.1%). Cost of Sales in absolute terms has lessen from Rs. 7134 Crore to 6920 Crore.

b) Employee Cost has shrinks to 1.4% (Previous Quarter: 1.5%). Employee Cost in exact value has dwindle from Rs. 154 Crore to 142 Crore.

c) Other Expenses has slip to 15.4% (Previous Quarter: 16.4%). Other Expenses slides from Rs. 1671 Crore to 1505 Crore.

The finance cost has flies from Rs. 99.55 Crore to 155.63 Crore by 56.3%.


Key Matrix:

Price to Earning (PE) ratio of the company is 13.29 as compared to the Industry PE of 47.6. Low PE signifies that there can be scope of increase in share prices in future. Companies Return on Equity (ROE) is 4.5% and Return of Capital Employed (ROCE) is 5.5%.


Share Price Movement:

The Return on Share Prices were -3.2% in past one month, 25.8% in 3 months, 67.2% in 6 months, 242.7% in 12 months, 162.4% in 24 months.


Summary:

To summarize, as compared to June'23, Revenue has flies by 3.8%. Gross Margin has slides from 29.9% to 29.4%. EBITDA Margin has nearly remains regular to 12.6% from 12.0%. and Net Profit After Tax Margin has soars to 7.8% from 7.2%.


The Brief of Quarterly Results is as follows:

Jindal Stainless Limited

Particulars (In Cr.)
Sep, 2023
Jun, 2023
Mar, 2023
Dec, 2022
Revenue
9797
10184
9765.1
6349.7
Cost of Goods Sold
6919.9
7133.9
6748.4
4524.7
Employee Cost
141.9
153.9
135.2
56.9
Other Expenses
1504.7
1671.3
1697.9
1207.8
EBITDA
1230.6
1224.9
1183.6
560.3
Depreciation
221.9
188
181.4
94.3
Interest Expense
155.6
99.6
82.9
80.4
Other Income
39.3
43.2
37.9
22.1
Profit B4 Excep. Items
892.3
980.6
957.2
407.6
Exception Items
-100.8
0
0
0
Net Profit Before Tax
993.1
980.6
957.2
407.6
Taxes
229.1
243
241
109.1
Net Profit After Tax
764
737.6
716.3
298.6
Gross Margin %
29.40%
29.90%
30.90%
28.70%
Employee Cost %
1.40%
1.50%
1.40%
0.90%
Other Expense Cost %
15.40%
16.40%
17.40%
19.00%
EBITDA %
12.60%
12.00%
12.10%
8.80%
Net Profit After Tax %
7.80%
7.20%
7.30%
4.70%

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00:00 / 04:10
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