Jaiprakash Associates Limited
NSE Symbol JPASSOCIAT
RESULTS FOR Q3 FY 2011 ENDING DEC,2010
Net Sales are Rs.2893.71 cr – down by 3.33% from Q2 FY 2011; down by 8.84% from Q1 FY 11; but up by 1.45% from Q3 FY 10.
Total Expenditure is Rs. 2257.26 cr – down by 8.32% from Q2 FY 11; down by 15.85% from Q1 FY 11; but up by 3.14% from Q3 FY 10.
Profit from Operations is Rs.691.39 cr – up by 13.53% from Q2 FY 11; up by 29.95% from Q1 FY 11; but down by 10.82% from Q3 FY 10. This is because, in Q3 FY 11 – expenditure has risen by 3.14% whereas sales have risen by only 1.45% against Q3 FY 10 .
Profit before tax is Rs.357.11 cr – up by 23.3% from Q2 FY 11; Down by 50.39% from Q1 FY 11; and Down by 28.99% from Q3 FY 11;This is on account of Interest burden which has been rising very steeply every quarter. In Q1 FY11, there were exceptional items of Rs.(-) 512.48 which boosted the profits in that quarter. There are no such exceptional items in other quarters.
Net Profit is Rs.232.66 cr – up by 101.4% from Q2 FY 11; down by 54.91% from Q1 FY 11; but up by 125.84% from Q3 FY 10. Tax expense has come down steeply in Q3 FY11 boosting the NPT – whereas, there was an extraordinary expenditure item in Q3 FY 10 of Rs. 211.94 Cr – which had reduced NPT in that quarter.
On a face value of Rs.2, the Basic EPS is Rs.1.1 in q/e Dec10 – against Rs.0.54 in QE sep,10; Rs.2.43 in QE Jun 10 and Rs.0.49 in QW Dec,10.
The news items on this company in recent past show lot of expansion activity in cement and Power and significant confidence of promoters in the company.
STAND ALONE
RESULTS TABLE :
| J P ASSOCIATES | 31-Dec-10 | 30-Sep-10 | 30-Jun-10 | 31-Dec-09 |
| Net Sales | 289371 | 299326 | 317419 | 285237 |
| Net Sales | 289371 | -3.33 | -8.84 | 1.45 |
| Other Operating Income | 5494 | 7796 | 4028 | 11146 |
| Incre./decre. in SIT / WIP | -5857 | -11641 | 3301 | 19478 |
| Raw Materials | 168208 | 190858 | 199353 | 149589 |
| Employees Cost | 14921 | 14532 | 14648 | 10666 |
| Depreciation | 15417 | 15278 | 15034 | 11094 |
| Other Expenditure | 33037 | 37196 | 35907 | 28028 |
| Total Expenditure | 225726 | 246223 | 268243 | 218855 |
| Total Expenditure | 225726 | -8.32 | -15.85 | 3.14 |
| Profit from Operations | 69139 | 60899 | 53204 | 77528 |
| Profit from Operations | 69139 | 13.53 | 29.95 | -10.82 |
| Other Income | 390 | 399 | 331 | 385 |
| Interest | 33818 | 32335 | 32794 | 27623 |
| Exceptional Items | - | - | -51248 | - |
| Profit before tax | 35711 | 28963 | 71989 | 50290 |
| Profit before tax | 35711 | 23.3 | -50.39 | -28.99 |
| Tax expense | 12445 | 17411 | 20391 | 18794 |
| Net Profit after tax | 23266 | 11552 | 51598 | 31496 |
| Extraordinary Items | - | - | - | 21194 |
| Net Profit | 23266 | 11552 | 51598 | 10302 |
| Net Profit | 23266 | 101.4 | -54.91 | 125.84 |
| Face Value (In Rs | 2 | 2 | 2 | 2 |
| Paid Up Equity | 42529 | 42529 | 42493 | 42437 |
| Basic EPS | 1.1 | 0.54 | 2.43 | 0.49 |
| Diluted EPS | 1.05 | 0.52 | 2.33 | 0.49 |
| Basic EPS before E I | 1.1 | 0.54 | 2.43 | 1.49 |
| Diluted EPS before E I | 1.05 | 0.52 | 2.33 | 1.45 |
| Public Holding (%) | 54.04 | 54.08 | 54.03 | 53.93 |
ANNOUNCEMENTS
TO THE NSE
28-01-2011 Board has declared Interim Dividend of Re.0.40 per equity share of Rs.2/- i.e. 20% for the financial year 2010-11.
28-01-2011 standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 289371 lacs for quarter ending on 31-DEC-2010 against Rs. 285237 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 23266 lacs for the quarter ending on 31-DEC-2010 against Rs. 10302 lacs for the quarter ending on 31-DEC-2009.
01-11-2010 standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 299326 lacs for quarter ending on 30-SEP-2010 against Rs. 182426 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 11552 lacs for the quarter ending on 30-SEP-2010 against Rs. 87019 lacs for the quarter ending on 30-SEP-2009.
23-07-2010 standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 317419 lacs for quarter ending on 30-JUN-2010 against Rs. 206708 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 51598 lacs for the quarter ending on 30-JUN-2010 against Rs. 49118 lacs for the quarter ending on 30-JUN-2009.
17-06-2010 the Company proposes to make strategic investment in Fertilizer business through its subsidiary, namely, Jaypee Fertilizers & Industries Limited.
31-05-2010 consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 652555 lacs for year ending on 31-MAR-2010 against Rs. 477079 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 111918 lacs for the year ending on 31-MAR-2010 against Rs. 42025 lacs for the year ending on 31-MAR-2009.
31-05-2010 standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1008891 lacs for year ending on 31-MAR-2010 against Rs. 576418 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 170836 lacs for the year ending on 31-MAR-2010 against Rs. 89701 lacs for the year ending on 31-MAR-2009.
18-01-2010 standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 285237 lacs for quarter ending on 31-DEC-2009 against Rs. 182426 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 10302 lacs for the quarter ending on 31-DEC-2009 against Rs. 87019 lacs for the quarter ending on 30-SEP-2009.
RECENT NEWS ON
Jaiprakash Associates
11.03.2011 :
Key projects like Jaypee Infra’s Yamuna Expressway toll road and 1,500 Mw of extra power capacity in subsidiary Jaiprakash Power will go on-stream by Q4 of FY12.
With the 1,000-Mw Karcham hydropower project starting from March 2011, capacity of Jaiprakash Power will expand from 700 Mw now to 7,480 Mw by March 2015
15.02 2011:
"The demand for cement is likely to grow by 8-10% next fiscal. Capacity utilisation for the industry,as a whole, will be 75-85%. We expect to utilise 85% of our plant capacity in FY'12," Jaiprakash Associates' Director and CFO Rahul Kumar told PTI.
JP Associates is expected to end the current fiscal with an approximately 80% capacity utilization against the industry average of around 75%, he said.
Cement consumption is set to clock around 8.5% growth this fiscal.
Jaypee Group currently has 22 million tonnes per annum (mtpa) installed cement producing capacity, which is set to go up to 34 mtpa the end of FY'12. This includes 4.3 mtpa capacity addition in its joint venture with Steel Authority of India (SAIL). The company is setting up a 3.5 mtpa plant in the South which will be operational next fiscal, Kumar said.
Kumar said the supply-demand imbalance in the country's cement sector is unlikely to have an impact on the company's sales since the overcapacity phenomenon is mainly concentrated in the Southern part of the country.
14.02.2011:
Jaiprakash Associates is planning to raise Rs 3,500 crore ($769 million) for Jaiprakash Power through a follow-on share sale or global depository receipts, Executive Chairman Manoj Gaur said on Monday.
* * * E N D * * *
No comments:
Post a Comment