Jindal Steel & Power Limited
NSE Symbol JINDALSTEL
Results for Q3 FY 2011 ENDING DECEMBER, 2011
JINDAL STEEL & POWER has been growing steadily over the last several quarters. In Q3 FY 11 ending December, 2011 also, the growth pattern is repeated. The stand alone (SA) and consolidated (CS) results are analyzed below :
Net Sales on SA basis is Rs.2404.40 – up by 4.75% from Q2 FY 11; and up by 36.8% from Q3 FY 10. On CS basis, the same is Rs.3168.15 cr – up by 2.93% from Q2 FY 11; and up by 18.42% from Q3 FY 10.
Total Expenditure on SA basis is Rs.1656.35 cr – up by 3.05 from Q2 FY 11; and up by 29.25% from Q3 FY 10. On CS basis, the same is Rs.1867.89 cr – up by 0.78% from Q2 FY 11; and up by 25.37% from Q3 FY 10.
Profit from Operations on SA basis is Rs.753.88 cr – up by 8.9% from Q2 FY 11; and up by 54.52% from Q3 FY 10; On CS basis, the same is Rs.1306.10 cr – up by 6.31% from Q2 FY 10; and up by 9.1% from Q3 FY 10.
Profit before tax on SA basis is Rs.665.48 cr – up by 7.3% from Q2 FY 11; and up by 52.72% from Q3 FY 10; The same on CS basis is Rs.1233.55 cr – up by 6.88% from Q2 FY 11; and up by 11.13% from Q3 FY 10.
Net Profit on SA basis is Rs.501.93 cr – up by 4.97% from Q2 FY 11; and up by 54.15% from Q3 FY 10; The same on CS basis is Rs.951.10 cr – up by Rs.6.36 % from Q2 FY 10; and up by 8.78% from Q3 FY 10.The over all consolidated Net Profit also is same.
On a Face Value per share of Rs.1/-, the Basic EPS on SA basis is Rs.5.38 – against Rs.5.13 in Q2 FY 11; and Rs.3.5 in Q3 FY 10; On a consolidated basis, the Basic EPS is Rs.10.02 – against Rs.9.45 in Q2 FY 11; and Rs. 9.4 in Q3 FY 10.
Results Table:
| JINDAL STEEL | 31-Dec-10 | 30-Sep-10 | 31-Dec-09 | |||
| Net Sales | 240440 | 229547 | 175757 | 316815 | 307795 | 267529 |
| Net Sales | 240440 | 4.75 | 36.8 | 316815 | 2.93 | 18.42 |
| Other Oprtng Income | 583 | 414 | 1181 | 584 | 414 | 1181 |
| Incre./ decre. inSIT / WIP | -9285 | -3265 | -15869 | -8916 | -4109 | -15852 |
| Raw Materials | 114965 | 105011 | 101956 | 117466 | 112846 | 103747 |
| Traded Goods | 4152 | 3487 | - | - | - | - |
| Employees Cost | 7741 | 6938 | 5484 | 11210 | 10076 | 7166 |
| Depreciation | 18209 | 16375 | 13096 | 29259 | 27305 | 25392 |
| Other Expenditure | 29853 | 32190 | 23481 | 37770 | 39228 | 28542 |
| Total Expenditure | 165635 | 160736 | 128148 | 186789 | 185346 | 148995 |
| Total Expenditure | 165635 | 3.05 | 29.25 | 186789 | 0.78 | 25.37 |
| Profit from Operations | 75388 | 69225 | 48790 | 130610 | 122863 | 119715 |
| Profit from Operations | 75388 | 8.9 | 54.52 | 130610 | 6.31 | 9.1 |
| Other Income | 830 | 600 | 1695 | 871 | 374 | 2034 |
| Interest | 9670 | 7805 | 6910 | 8126 | 7818 | 10746 |
| Profit before tax | 66548 | 62020 | 43575 | 123355 | 115419 | 111003 |
| Profit before tax | 66548 | 7.3 | 52.72 | 123355 | 6.88 | 11.13 |
| Tax expense | 16355 | 14203 | 11013 | 28245 | 25995 | 23568 |
| Net Profit | 50193 | 47817 | 32562 | 95110 | 89424 | 87435 |
| Net Profit | 50193 | 4.97 | 54.15 | 95110 | 6.36 | 8.78 |
| Consolidated Net Profit | 95110 | 89424 | 87435 | |||
| Consolidated Net Profit | 95110 | 6.36 | 8.78 | |||
| Face Value (In Rs | 1 | 1 | 1 | 1 | 1 | 1 |
| Paid Up Equity | 9339 | 9339 | 9308 | 9339 | 9339 | 9308 |
| Basic EPS | 5.38 | 5.13 | 3.5 | 10.02 | 9.45 | 9.4 |
| Diluted EPS | 5.37 | 5.12 | 3.47 | 10.01 | 9.43 | 9.31 |
| Public Holding (%) | 41.58 | 41.58 | 41.42 | 41.58 | 41.58 | 41.42 |
Announcements
To NSE
24-01-2011 consolidated Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 316815 lacs for quarter ending on 31-DEC-2010 against Rs. 267529 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 95110 lacs for the quarter ending on 31-DEC-2010 against Rs. 87435 lacs for the quarter ending on 31-DEC-2009.
24-01-2011 standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 240440 lacs for quarter ending on 31-DEC-2010 against Rs. 175757 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 50193 lacs for the quarter ending on 31-DEC-2010 against Rs. 32562 lacs for the quarter ending on 31-DEC-2009.
07-12-2010 Shadeed Iron & Steel Co. LLC (Shadeed), a subsidiary of the Company has started trial production about four months ahead of scheduled with the production of Hot Briquetted Iron (HBI) on December 05, 2010 before the target date of March 31, 2011. Shadeed has installed a 1.5 MTPA Gas-based HBI plant at Sohar Industrial Port area of Sohar, Oman. This facility will support the strong demand for steel in the Middle East and North African countries, which has an anticipated supply shortfall estimated at more than 12 million tonnes. Shadeed's acquisition is significant for the Company as the facility is engineered by world-renowned Kobe Steel (Japan) and Midrex (USA), leaders in the field of direct iron technology. This is also the same technology the Company will be using in its Odisha facility.
15-11-2010 Unit II of 135 MW power generation capacity set up at Dongamahua, Raigarh (Chhattisgarh) has started commercial generation of power from November 14, 2010. This unit was synchronized on September 23, 2010.
26-10-2010 standalone Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 229547 lacs for quarter ending on 30-SEP-2010 against Rs. 159653 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 47817 lacs for the quarter ending on 30-SEP-2010 against Rs. 30501 lacs for the quarter ending on 30-SEP-2009.
26-10-2010 consolidated Results for the quarter ended on 30-SEP-2010 as follows: Net Sales of Rs. 307795 lacs for quarter ending on 30-SEP-2010 against Rs. 244357 lacs for the quarter ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 89424 lacs for the quarter ending on 30-SEP-2010 against Rs. 80836 lacs for the quarter ending on 30-SEP-2009.
20-10-2010 Unit II of 135 MW power plant of the Company set up at Dongamahua, Raigarh (Chhattisgarh) was synchronized on September 23, 2010 and is under the process of stabilization. During this period, this unit has achieved full capacity generation of 135MW. Trial operations will be carried out shortly and thereafter this unit will start commercial generation of power. The Company had informed the Exchange that Unit I of 135 MW power plant of the Company set up at Dongamahua, Raigarh (Chattisgarh) had been synchronized which is generating commercial power since September, 2010.
28-09-2010 The Company has informed that all the items of business included in the notice of Annual General Meeting including declaration of dividend @ 125% i.e. Rs.1.25 per equity share of Re.1/- each were approved by the meeting with requisite majority of shareholders.
23-08-2010 a press release, titled "JSPL resumes implementation of Steel and Iron Ore Mine Project in Bolivia".
07-05-2010 Jindal Steel & Power Limited has informed the Exchange that : " We refer to the News Item, which appeared in Bloomberg on 5th May 2010 in which the Bolivian Mining Minister is reported to have stated that the Bolivian Govt., may claim damages of USD 800 million from the company. In this Connection, the Company has to clarify that as per the terms of the Contract with the Bolivian Govt. there is no provision of the stated damages payable to Government by the Company. The Claim by the Bolivian Govt. against the Company is limited to USD 18 million being the amount of guarantee given by the company and that too in case of a shortfall of investment as per the contract at the end of phase 1 of the project i.e. by financial year 2014 ".
04-05-2010 consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1108351 lacs for year ending on 31-MAR-2010 against Rs. 1084428 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 363456 lacs for the year ending on 31-MAR-2010 against Rs. 300715 lacs for the year ending on 31-MAR-2009.
04-05-2010 standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 735956 lacs for year ending on 31-MAR-2010 against Rs. 764646 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 147969 lacs for the year ending on 31-MAR-2010 against Rs. 153648 lacs for the year ending on 31-MAR-2009.
28-01-2010 consolidated Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 267529 lacs for quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 87435 lacs for the quarter ending on 31-DEC-2009.
28-01-2010 standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 175757 lacs for quarter ending on 31-DEC-2009 against Rs. 178001 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 32562 lacs for the quarter ending on 31-DEC-2009 against Rs. 32517 lacs for the quarter ending on 31-DEC-2008.
Recent news on the Company & its promoters / Board ;
JSPL ranked 3rd in the Metals Category of BusinessWorld's India's Most Respected Companies survey = Business World, February 14, 2011
Jindal Steel and Power Limited ranked as number 25 in the list of Super 100 companies in India = Business India, November 28, 2010
JSPL has top ranked in the “Steel” category of Business Today’s BT 500 India’s Most Valuable Companies – in the Private Sector = Business Today, November 14, 2010
Group Chairperson Smt. Savitri Jindal has been ranked as the 5th richest Indian and Richest woman in India in Forbes magazine's India Rich List, 2010 = Forbes India, October 22, 2010
JSPL features in Forbes Asia’s Fab 50 companies 2010 = Forbes Asia, September 17, 2010
* * * E N D * * *
No comments:
Post a Comment