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Jindal Steel & Power : Q1 2024 Financial Quarterly Report : YoY Sales Up 8.18 %, QoQ Up 0.97 %

July 25, 2024July 25, 2024| adminadmin| 0 Comments| 4:25 pm
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Highlights

  • The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
  • Sales over the Year and quarter: The company experienced a substantial growth of 8.18 % in the past year, substantial increase in net sales/revenue by 0.97 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -37.43 %, Marginal decrease of -0.17% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Jindal Steel & Power Limited. Profit dropped by -20.92 % Year to Year, Jindal Steel & Power Limited’s profitability increased by 43.33 % in this quarter.
  • EPS over the Year and quarter: EPS declined by -20.73 % Year to Year. EPS increased by 42.51 % in previous quarter. Positive impact on shareholders.

The comprehensive analytics outlining the performance and outlook of Jindal Steel & Power Limited”s stock. This analysis encompasses various metrics including stock performance, investor sentiment, market trends, future outlook, risk factors, investment opportunities, long-term strategy, dividend policy, analyst insights, and the overall risk-reward profile. These insights aim to provide investors with a holistic understanding of the company”s stock, enabling informed decision-making and strategic investment planning.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 12588.34 Cr Rs. 13486.96 Cr Rs. 13617.84 Cr + 0.97 % + 8.18 %
Expenses Rs. 9960.3 Cr Rs. 11042.47 Cr Rs. 10778.52 Cr -2.39 % + 8.21 %
Operating Profit Rs. 2628.04 Cr Rs. 2444.49 Cr Rs. 2839.32 Cr + 16.15 % + 8.04 %
OPM % 20.88 % 18.12 % 20.85 % + 2.73 % -0.03 %
Other Income Rs. 55.12 Cr Rs. 34.55 Cr Rs. 34.49 Cr -0.17 % -37.43 %
Interest Rs. 329.11 Cr Rs. 320.62 Cr Rs. 331.84 Cr + 3.5 % + 0.83 %
Depreciation Rs. 587.5 Cr Rs. 994.9 Cr Rs. 682.92 Cr -31.36 % + 16.24 %
Profit before tax Rs. 1766.55 Cr Rs. 1163.52 Cr Rs. 1859.05 Cr + 59.78 % + 5.24 %
Tax % 4.23 % 19.78 % 28.03 % + 8.25 % + 23.8 %
Net Profit Rs. 1691.8 Cr Rs. 933.46 Cr Rs. 1337.92 Cr + 43.33 % -20.92 %
EPS in Rs Rs. 16.79 Rs. 9.34 Rs. 13.31 + 42.51 % -20.73 %


Today, we’re looking at Jindal Steel & Power Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 8.18 %. However, it did see a marginal increase of 0.97 % from the previous quarter. Expenses decreased slightly by -2.39 % quarter-on-quarter, aligning with the annual rise of 8.21 %. Operating profit, while up 8.04 % compared to last year, faced a quarter-on-quarter increase of 16.15 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -0.03 %, but an expansion of 2.73 % sequentially. Other income fell by -0.17 % compared to the last quarter, despite an annual decline of -37.43 %. Interest expenses surged remarkably by 3.5 % from the previous quarter, yet the year-over-year increase remains at a moderate 0.83 %. Depreciation costs fell by -31.36 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 16.24 %. Profit before tax grew annually by 5.24 % but saw an increase from the preceding quarter by 59.78 %.
Tax expenses as a percentage of profits increased slightly by 23.8 % compared to last year, with a more notable quarter-on-quarter increase of 8.25 %. Net profit fell by -20.92 % year-on-year but experienced a 43.33 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -20.73 % but a quarterly rise of 42.51 %. In summary, Jindal Steel & Power Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.

Metrics Previous Year Previous Quarter Current Quarter Quarter to Quarter Difference Year to Year Difference
Sales Rs. 12588.34 Cr Rs. 13486.96 Cr Rs. 13617.84 Cr + 0.97 % + 8.18 %
Expenses Rs. 9960.3 Cr Rs. 11042.47 Cr Rs. 10778.52 Cr -2.39 % + 8.21 %
Operating Profit Rs. 2628.04 Cr Rs. 2444.49 Cr Rs. 2839.32 Cr + 16.15 % + 8.04 %
Net Profit Rs. 1691.8 Cr Rs. 933.46 Cr Rs. 1337.92 Cr + 43.33 % -20.92 %
EPS in Rs Rs. 16.79 Rs. 9.34 Rs. 13.31 + 42.51 % -20.73 %


In reviewing Jindal Steel & Power Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 8.18 % year-on-year growth, however, there was a minor increase of 0.97 % from the previous quarter. Expenses rose by 8.21 % compared to the previous year, with a decrease of -2.39 % quarter-on-quarter. Operating Profit surged by 8.04 % annually, and saw a 16.15 % increase from the last quarter.
Net Profit showed yearly decrease of -20.92 %, and experienced a 43.33 % increase from the previous quarter. Earnings Per Share (EPS) fell by -20.73 % annually, however rose by 42.51 % compared to the last quarter. In essence, while Jindal Steel & Power Limited faces strong annual decline indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.

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