JSW Steel Limited
FY 10 RESULTS COMPARED WITH FY 09
(Audited, Cumulative, Consolidated)
REVIEW
JSW steel has produced a set of FANTASTIC numbers in respect of its performance for FY 10 compared to FY 09
Net Sales has increased to Rs. 1895717 lakhs in FY 10 compared to Rs. 1593484 lakhs, an increase of Rs.302233 lakhs (18.97%).
Total Expenditure has increased to Rs. 1618516 lakhs compared to Rs.1394077 lakhs in the previous year (+16.1% or Rs.224439 lakhs).
Consolidated Net Profit has increased at a fantastic rate to Rs.159755 lakhs from Rs.27491 lakhs, an increase of Rs.132264 lakhs, or, 481.12 percent.
The Basic EPS (in Rs.) of the company in FY10 has gone up to 83.61 from Rs.12.88 in FY09. The LTP on 03.05.2010 was Rs.1226.
The P/E for the company works out to 14.66 which appears to be very attractive for BUYING the scrip.
Note : Readers are requested to offer their comments, suggestions, corrections etc which will be gratefully taken note of.
Note : Readers are requested to offer their comments, suggestions, corrections etc which will be gratefully taken note of.
RESULTS - NUMBERS
Description FY 10(Rs. in lakhs) FY 09(Rs. in lakhs)
Net Sales :: 1895717 :: 1593484
Other Operating Income :: 11660 :: 16987
Increase/Decrease in SIT & WIP :: 1795 :: -36620
Consumption of Raw Materials :: 1226082 :: 1078929
Employees Cost :: 47954 :: 51858
Depreciation :: 129866 :: 98777
Other Expenditure :: 212819 :: 201133
Total Expenditure :: 1618516 :: 1394077
Other Income :: 41940 ::10179
Interest :: 110801 :: 115562
Exceptional items :: - :: 79478
Tax Expense :: 64671 :: 7260
Net Profit (+) :: 155329 :: 24273
Minority Interest :: -3321 :: -2053
Shares of Associates :: -1105 :: -1165
Consolidated Net Profit (+) :: 159755 :: 27491
Dividend (%) - -
Face Value (in Rs.) :: 10 :: 10
Paid-up Equity :: 18705 :: 18705
Reserves :: 873004 ::726694
Basic EPS (in Rs.) :: 83.61 :: 12.88
Diluted EPS (in Rs.) :: 83.29 :: 12.88
QUARTERLY RESULTS COMPARISON
Q/E :: 31-Mar-10 :: 31-Dec-09 :: 30-Sep-09 :: 30-Jun-09 :: 31-Mar-09
Particulars Unaudited Unaudited Unaudited Unaudited Unaudited
Net Sales/Income from Operations 516707 ::458766 ::455388 ::389387 :: 327502
Other Operating Income::3790::2533 ::2536 ::2293 ::5378
Total Expenditure :: 415924 :: 378102 :: 369258 :: 344194 :: 315356
Other Income :: 9624 ::10416 :: 128 ::24143 ::9730
Interest: :19442 ::21784 ::22978 ::22064 ::21485
Tax expense::23060 :: 20406 :: 20662 :: 15563 :: 2632
Net Profit :: 71695 :: 51423 :: 45154 :: 34002 :: 4920
Dividend (%) ::95:: - :: - :: - ::10
Face Value (In R)s:: :10: :10 :10::10: :10
Paid Up Equity:: 18705::18705::18705::18705::18705
Basic EPS :: 37.89 :: 27.04 :: 23.69 :: 17.72 :: 2.18
ANNOUNCEMENTS MADE BY JSW STEELS TO NSE
03-05-2010 Jsw Steel Limited has informed the Exchange regarding the Outcome of Board Meeting held on May 03, 2010. Click Here
03-05-2010 Jsw Steel Limited has informed the Exchange that the Board of Directors at its meeting held on May 03, 2010 has fixed the Book Closure date from June 16, 2010 to June 18, 2010 (both the days inclusive), for the purpose of determining the eligible shareholders for the: (a) Payment of dividend on the 10% Cumulative Redeemable Preference Shares, of Rs.10 each of the Company, for the year ended March 31, 2010 (b) Payment of Dividend on the 18,70,48,682 Equity Shares of Rs.10 each of the Company, for the year ended March 31, 2010; and (c) Annual General Meeting. -
03-05-2010 Jsw Steel Limited has informed the Exchange regarding a press release dated May 03, 2010, titled "JSW Steel reports highest ever Net Profit". Click Here
03-05-2010 Jsw Steel Limited has informed the Exchange that at the meeting of the Board of Directors of the Company held on May 03, 2010 the following decisions were taken : (1) Dividend at the stipulated rate of Re.1.00 (Rupee One only) per share on the 27,90,34,907, 10% Cumulative Redeemable Preference Shares of Rs.10 each of the Company has been recommended for the year ended March 31, 2010; (2) Dividend of Rs. 9.50 (Rupees nine and paise fifty Only) (95%) per Equity Share on the 18,70,48,682 Equity Shares of Rs.10 each of the Company has been recommended for the year ended March 31, 2010. -
03-05-2010 JSW Steel Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1895717 lacs for year ending on 31-MAR-2010 against Rs. 1593484 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 159755 lacs for the year ending on 31-MAR-2010 against Rs. 27491 lacs for the year ending on 31-MAR-2009. -
03-05-2010 JSW Steel Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 544130 lacs for quarter ending on 31-MAR-2010 against Rs. 356838 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 61102 lacs for the quarter ending on 31-MAR-2010 against Rs. (3993) lacs for the quarter ending on 31-MAR-2009. -
03-05-2010 JSW Steel Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1820248 lacs for year ending on 31-MAR-2010 against Rs. 1400125 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 202274 lacs for the year ending on 31-MAR-2010 against Rs. 45850 lacs for the year ending on 31-MAR-2009. -
03-05-2010 JSW Steel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 516707 lacs for quarter ending on 31-MAR-2010 against Rs. 327502 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 71695 lacs for the quarter ending on 31-MAR-2010 against Rs. 4920 lacs for the quarter ending on 31-MAR-2009.
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