Wednesday, January 18, 2012

Jindal Steel & Power Limited = RESULTS = FOR Q3 FY 2012 = Q/E DEC,2011 = NET SALES UP 37.45%YoY; C-NPT UP BY 4.79% YoY


Jindal Steel & Power Limited

NSE Symbol        JINDALSTEL

JINDAL STEEL & POWER has declared its consolidated Results for the Q3 FY 12 ending Dec,2011.

Net Sales stands at Rs.4354.51 Cr in Q3 FY 12, the current Qtr; compared to Rs.4406.61 Cr in Q2 FY 12 (down by -1.18%) in Q2 FY 12 the previous qtr; and Rs.3168.15 Cr (up by 37.45%) in Q3 FY 11, the corresponding Qtr.

Raw Materials consumption stands at Rs.2275.25 cr in Q3 FY 12; compared to Rs.1950.10 Cr (Up by 16.67%) in Q2 FY 12; and Rs.1174.66 Cr (Up by 93.69%) in Q3 FY 11. This indicates pressure on raw Material prices.

Total Expenditure stands at Rs.2946.88 cr in Q3 FY 12; compared to Rs.3053.69 cr (down by -3.50%) in Q2 FY 12; and Rs.1867.89 Cr (Up by 57.77%) in Q3 FY 11.

Profit from Operations stands at Rs.1410.81 cr in Q3 FY 12; compared to Rs.1369.51 Cr (Up by 3.02%) in Q2 FY 12; and Rs.1306.10 cr (Up by 8.02%) in Q3 FY 11.

Profit before tax stands at Rs.1335.06 cr in Q3 FY 12; compared to Rs.1195.09 Cr (Up by 11.71%) in Q2 Fy 12; and Rs.1233.55 Cr (Up by 8.23%) in Q3 FY 11.

Tax Expense stands at Rs.319.18 cr in Q3 FY 12; compared to Rs.303.28 Cr (Up by 5.24%) in Q2 FY 12; and Rs.282.45 cr (Up by 13%) in Q3 FY 11.

Net Profit stands at Rs.1015.88 cr in Q3 FY 12; compared to Rs.891.81 cr(Up by 13.915) in Q2 FY 12; and Rs.951.10 Cr (Up by 6.81%) in Q3 FY 11.

Consolidated NPT stands at Rs.996.68 cr – compared to Rs.875.38 Cr (Up by 13.86%) in Q2 FY 12; and Rs.951.10 (Up by 4.79%) in Q3 FY 11.

On the Face value of Rs.1, the Basic EPS stands at Rs.10.67 in Q3 FY 12; Rs.9.37 in Q2 FY 12; Rs.9.83 in Q1 FY 12 and Rs.10.02 in Q FY 11.

The annual EPS is likely to be around Rs.40.54.

Current Market price is Rs.514.95 while the  52 week high price is Rs.723.90 and the  52 week low price  is Rs.435.90

The PE Ratio is 12.7. The company has impressive expansion Plans and has always proved to be an efficient producer of steel and steel Products and also Power Generation in the past.

Notes : 

4th Unit of 135 MW Power Plant at Dongamahua, Raigarh, Chhattisgarh and 2nd Unit of 135 MW Power Plant at Angul, Odisha have been commissioned on 18.01.2012, with this total 6 units are commissioned in series of 10 units of 135 MW.

Consolidated Profit for the Quarter ended 31.12.2011, includes Net Profit of Rs. 481.32 Crores of Jindal Power Limited, a subsidiary company (Previous Year Rs. 487 Crores).
ANNOUNECEMENTS BY COMPANY

18-01-2012          consolidated Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 435451 lacs for quarter ending on 31-DEC-2011 against Rs. 316815 lacs for the quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 101588 lacs for the quarter ending on 31-DEC-2011 against Rs. 95110 lacs for the quarter ending on 31-DEC-2010.

18-01-2012          standalone Results for the quarter ended on 31-DEC-2011 as follows: Net Sales of Rs. 329514 lacs for quarter ending on 31-DEC-2011 against Rs. 240440 lacs for the quarter ending on 31-DEC-2010. Net Profit / (Loss) of Rs. 46107 lacs for the quarter ending on 31-DEC-2011 against Rs. 50193 lacs for the quarter ending on 31-DEC-2010.

06-01-2012          Commencement of commercial operation of 4th Unit of 135 MW power generation capacity

16-11-2011          Jindal Power Ltd. (JPL), a subsidiary of the Company, has informed that they have received the "Consent to Establish" for their expansion project of 2400 MW (4X600 MW) power plant on November 15, 2011 from Chhattisgarh Environment Conservation Board. The work on this project has now commenced.

28-07-2011          JSPL's net jumps 8% for Q1 FY11-12; Revenue up 19%.

19-07-2011          Jindal Steel and Power (Australia) Pty Ltd. (JSPA), a step down wholly owned subsidiary of the Company, has informed that on-market takeover offer for all of the shares in Rocklands Richfield Limited (Rocklands), listed on Australian Stock Exchange (ASX code: RCI) was closed on July 05, 2011. During the offer period, JSPA had purchased an additional 12.83% stake in Rocklands Richfield Limited (Rocklands) at a revised offer price of AUD $ 0.30/- per share thereby increasing its stake from 14.46% to 27.29%.

04-07-2011          Jindal Steel Bolivia commences dispatch of iron ore from EL-Mutun mines, Bolivia

05-05-2011          Jindal Steel Bolivia (JSB), a subsidiary of the Company, has informed that they will build a 2.52 MMTPA natural-gas based MIDREX Direct Reduction Plant at EL-Mutun, Puerto Suarez, Bolivia, South America. The new MIDREX Plant will be the largest single module till date of any commercial direct reduction technology in the world. The contract for this new MIDREX Plant was signed on March 30, 2011.

21-04-2011          Jindal Steel & Power Limited has recommended dividend of 150%.

21-04-2011 consolidated Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 1309246 lacs for year ending on 31-MAR-2011 against Rs. 1108351 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 380401 lacs for the year ending on 31-MAR-2011 against Rs. 363456 lacs for the year ending on 31-MAR-2010.

21-04-2011          standalone Results for the year ended on 31-MAR-2011 as follows: Net Sales of Rs. 953489 lacs for year ending on 31-MAR-2011 against Rs. 735956 lacs for the year ending on 31-MAR-2010. Net Profit / (Loss) of Rs. 206412 lacs for the year ending on 31-MAR-2011 against Rs. 147969 lacs for the year ending on 31-MAR-2010.         

CONSOLIDATED RESULTS TABLE
Q3FY12
%DIF1
%DIF2
Net Sales
435451
440,661.00
-1.18
316,815.00
37.45
Other Oprtng Income
318
1,659.00
-80.83
584
-45.55
Increase in SIT/WIP
-42407
-7,062.00
500.50
-8,916.00
375.63
Raw Materials
227525
195,010.00
16.67
117,466.00
93.69
Traded goods
5720
3,640.00
57.14
-

Employees Cost
13265
13,168.00
0.74
11,210.00
18.33
Depreciation
33131
33,433.00
-0.90
29,259.00
13.23
Other Expenditure
57454
67,180.00
-14.48
37,770.00
52.12
Total Expenditure
294688
305,369.00
-3.50
186,789.00
57.77
Profit from Operations
141081
136,951.00
3.02
130,610.00
8.02
Other Income
4257
2,527.00
68.46
871
388.75
Interest
14426
12,552.00
14.93
8,126.00
77.53
Exceptional items
-2594
7,417.00
-134.97
-

Profit before tax
133506
119,509.00
11.71
123,355.00
8.23
Tax Expense
31918
30,328.00
5.24
28,245.00
13
Net Profit
101588
89,181.00
13.91
95,110.00
6.81
Minority Interest
2223
2,025.00
9.78
-

Shares of Associates
-303
-382
-20.68
-

Consolidated NPT
99668
87,538.00
13.86
95,110.00
4.79
Face Value (in Rs.)
1
1
0.00
1
0
Paid-up Equity
9348
9,345.00
0.03
9,339.00
0.1
Basic EPS
10.67
9.37
13.87
10.02
6.49
Public Holding (%)
41.42
41.4
0.05
41.58
-0.38

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