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Jindal Drilling & Industries : Q4 2024 Financial Quarterly Report : YoY Sales Up 91.65 %, QoQ Up 8.12 %

June 13, 2024June 13, 2024| adminadmin| 0 Comments| 1:15 pm
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Highlights

  • Sales over the Year and quarter: The company experienced a substantial growth of 91.65 % in the past year, substantial increase in net sales/revenue by 8.12 %.
  • Income over the Year and quarter: There has been decline in other income over the past year which is -1086.89 %, Marginal decrease of -633.14% in other income during this quarter.
  • Profit over the Year and quarter: Challenges in sustaining profitability for Jindal Drilling & Industries Ltd.,. Profit dropped by -247.35 % Year to Year, Jindal Drilling & Industries Ltd.,’s profitability dropped by -146.96 % Quarter to Quarter.
  • EPS over the Year and quarter: EPS declined by -247.58 % Year to Year. EPS decreased by -147.01 % in previous quarter. Analysis needed for shareholder value.

The comprehensive analytics outlining the performance and outlook of Jindal Drilling & Industries Ltd.,”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. 103.27 Cr Rs. 183.06 Cr Rs. 197.92 Cr + 8.12 % + 91.65 %
Expenses Rs. 64.96 Cr Rs. 128.02 Cr Rs. 148.53 Cr + 16.02 % + 128.65 %
Operating Profit Rs. 38.31 Cr Rs. 55.04 Cr Rs. 49.39 Cr -10.27 % + 28.92 %
OPM % 37.1 % 30.07 % 24.95 % -5.12 % -12.15 %
Other Income Rs. -3.05 Cr Rs. 6.79 Cr Rs. -36.2 Cr -633.14 % -1086.89 %
Interest Rs. 3.2 Cr Rs. 3.66 Cr Rs. 1.91 Cr -47.81 % -40.31 %
Depreciation Rs. 15.52 Cr Rs. 15.92 Cr Rs. 16.04 Cr + 0.75 % + 3.35 %
Profit before tax Rs. 16.54 Cr Rs. 42.25 Cr Rs. -4.76 Cr -111.27 % -128.78 %
Tax % 26.19 % 24.89 % 24.36 % -0.53 % -1.83 %
Net Profit Rs. 10.18 Cr Rs. 31.94 Cr Rs. -15 Cr -146.96 % -247.35 %
EPS in Rs Rs. 3.51 Rs. 11.02 Rs. -5.18 -147.01 % -247.58 %


Today, we’re looking at Jindal Drilling & Industries Ltd.,’s financial performance for the Q4(Mar 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 91.65 %. However, it did see a marginal increase of 8.12 % from the previous quarter. Expenses ticked up slightly by 16.02 % quarter-on-quarter, aligning with the annual rise of 128.65 %. Operating profit, while up 28.92 % compared to last year, faced a quarter-on-quarter dip of -10.27 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -12.15 %, but a shrinkage of -5.12 % sequentially. Other income fell by -633.14 % compared to the last quarter, despite an annual decline of -1086.89 %. Interest expenses dropped significantly by -47.81 % from the previous quarter, yet the year-over-year decrease remains at a moderate -40.31 %. Depreciation costs climbed by 0.75 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 3.35 %. Profit before tax declined annually by -128.78 % but saw a reduction from the preceding quarter by -111.27 %.
Tax expenses as a percentage of profits decreased slightly by -1.83 % compared to last year, with a more notable quarter-on-quarter decrease of -0.53 %. Net profit fell by -247.35 % year-on-year but witnessed a -146.96 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -247.58 % but a quarterly fall of -147.01 %. In summary, Jindal Drilling & Industries Ltd.,’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. 103.27 Cr Rs. 183.06 Cr Rs. 197.92 Cr + 8.12 % + 91.65 %
Expenses Rs. 64.96 Cr Rs. 128.02 Cr Rs. 148.53 Cr + 16.02 % + 128.65 %
Operating Profit Rs. 38.31 Cr Rs. 55.04 Cr Rs. 49.39 Cr -10.27 % + 28.92 %
Net Profit Rs. 10.18 Cr Rs. 31.94 Cr Rs. -15 Cr -146.96 % -247.35 %
EPS in Rs Rs. 3.51 Rs. 11.02 Rs. -5.18 -147.01 % -247.58 %


In reviewing Jindal Drilling & Industries Ltd.,’s 2024(Q4) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 91.65 % year-on-year growth, however, there was a minor increase of 8.12 % from the previous quarter. Expenses rose by 128.65 % compared to the previous year, with a 16.02 % increase quarter-on-quarter. Operating Profit surged by 28.92 % annually, and saw a -10.27 % decrease from the last quarter.
Net Profit showed yearly decrease of -247.35 %, and experienced a -146.96 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -247.58 % annually, however dipped by -147.01 % compared to the last quarter. In essence, while Jindal Drilling & Industries Ltd., faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.

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