Sunday, February 5, 2012

Zuari Industries Limited = QTRLY RESULTD = FOR Q3 FY 12 = ENDING DEC, 2011 = NET SALES UP 22%YoY; NPT DOWN 14%


Zuari Industries Limited
NSE Symbol        ZUARIAGRO

ZUARI INDUSTRIES has reported its performance  results for the qtr ending Dec,2011.

Net Sales stands at Rs.1856.19 cr – compared to Rs.1890.95 cr in Q2 FY 12 (down by -1.84%); Rs.1104.08 Cr in Q1 F 12 (Up by 68.12%); and Rs.1524.06 Cr in Q3 Fy 11 (Up by 21.79%).

Profit from Operations      stands at Rs.35.84 cr in Q3 FY 12; - against Rs.45.62 cr in Q2 FY 12 (down by -21.44%); Rs.42.06 Cr In Q1 Fy 12 (down by -14.79%); and Rs.55.67 cr in Q3 FY 11 (down by -35.62%).

Net Profit stands at Rs.31.38 Cr in Q3 FY 12; compared to Rs.47.64 cr  in Q2 FY 12 (-34.13%); Rs.32.46 cr in Q1 FY 12 (down by -3.33%); and Rs.36.57 Cr In Q3 Fy 11 (down by -14.19%). Thus, results are lower compared to all 3 qtrs compared.

Basic EPS stands at Rs.10.65 in Q3 FY 12 (On a FV of Rs.10); Rs.16.18 in Q FY 12; Rs.11.03 in Q1 FY 12; Rs.12.42 in Q3 FY 11.

Current MP is Rs.451;while the  52 week high price is Rs.802.30 and the 52 week low price is Rs.436.70.

Annual  EPS can be around Rs.50. Hence, PE ratio is around 9.

Zuari is trying to ensure stable supplies of Raw Material – as can be seen from the announcements section.

ANNOUNCEMENTS BY COMPANY TO NSE

30-12-2011        MCA Phosphates Pte. Ltd. was established in Singapore, wherein, Mitsubishi Corporation, a Company listed in the Tokyo Stock Exchange, owns 70% stake and Zuari Industries Limited, a Company incorporated in India and listed in the Stock Exchanges, owns 30% stake in the said Joint Venture. The MCA Phosphates Pte. Ltd., has acquired 30% stake of Fosfatos del Pacifico S.A., Peru (Fospac), a Company listed in the Lima Stock Exchange, Peru, for USD 46.12 million. The Fospac Project has estimated mineralized materials of approx. 540 Metric Tons of phosphate rock with an average P2O content of 18.5% before beneficiation. It is located in Bayovar area in the province of Pieura, Peru and is expected to have an initial production capacity of 2.5 million Metric Tons. Mitsubishi Corporation, a Joint Venture partner has signed Off-Take Agreement with Fosfatos, for entire production of phosphate rock. The Company has back-to-back Off-Take Agreement with Mistubishi Corporation for 50% of the Fospac production per annum phosphate rock.

14-12-2011        with the allotment of 13,33,350 equity shares of Rs.10/- each by Style Spa Furniture Limited on September 27, 2011 constituting 6.89%, the Company's direct and indirect holding through its subsidiary is 52.86% of the capital of Style Spa Furniture Limited. Further, Style Spa Furniture Limited, is India's largest retail furniture chain.

02-11-2011        Zuari Industries Limited has informed the Exchange that the production of Urea has resumed. The Petroleum pipeline of Zuari Indian Oiltanking Limited has since been repaired and it has become operational.

17-10-2011        Zuari Industries Limited has informed regarding " Merger of OSI International Limited with Globalware Holdings Limited".

05-10-2011        Zuari Industries Limited has informed regarding " Resumption of production of Phosphatic/Complex Fertilizers after Petroleum product pipeline fire at Vasco-da-Gama, Goa."

27-09-2011        Zuari Industries Limited has informed regarding the "Scheme of Arrangement and Demerger between Zuari Industries Ltd. and Zuari Holdings Ltd."

14-09-2011        Zuari Industries Limited has informed regarding "Shutdown of Complex Fertilizer Plant".

09-09-2011        Gulbarga Cement Limited (GCL) at its Board Meeting held on September 09, 2011 allotted 1,71,13,018 equity shares of Rs.10/- each constituting 74% of the equity capital of GCL to Zuari Cement Limited and its nominees. Consequently, GCL ceased to be a wholly owned subsidiary of Zuari Industries Limited.
RESULTS TABLE

ZUARI IND LTS
31-Dec-11
30-Sep-11
%DIF1
30-Jun-11
%DIF2
31-Dec-10
%DIF3
Net Sales
185619
189095
-1.84
110408
68.12
152406
21.79
Other Operating Income
95
237
-59.92
2009
-95.27
782
-87.85
Increase in SIT / WIP
-72660
-42523
70.87
-27144
167.7
9527
-862.67
Raw Materials
70169
54457
28.85
63171
11.08
62223
12.77
Traded Goods
158487
150331
5.43
52554
201.6
55701
184.53
Employees Cost
2201
2234
-1.48
1970
11.73
1666
32.11
Depreciation
602
603
-0.17
582
3.44
536
12.31
Other Expenditure
23331
19668
18.62
17078
36.61
17968
29.85
Total Expenditure
182130
184770
-1.43
108211
68.31
147621
23.38
Profit from Operations
3584
4562
-21.44
4206
-14.79
5567
-35.62
Other Income
1825
2655
-31.26
1475
23.73
742
145.96
Interest
1039
836
24.28
982
5.8
859
20.95
Profit before tax
4370
6381
-31.52
4699
-7
5450
-19.82
Tax expense
1232
1617
-23.81
1453
-15.21
1793
-31.29
Net Profit
3138
4764
-34.13
3246
-3.33
3657
-14.19
Face Value (In Rs
10
10
0
10
0
10
0
Paid Up Equity
2944
2944
0
2944
0
2944
0
Basic EPS
10.65
16.18
-34.18
11.03
-3.45
12.42
-14.25
Public Holding (%)
41.81
41.81
0
65.63
-36.29
65.63
-36.29

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