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 :
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
|
* *
* E N
D * * *
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