Jai Balaji Industries Ltd. Announces Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended March 31, 2013, and Consolidated Earnings Results for Nine Months Ended March 31, 2013
May 15, 2013 at 02:08 pm
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Jai Balaji Industries Ltd. announced audited standalone earnings results for the third quarter and nine months ended March 31, 2013, and consolidated earning results for nine months ended March 31, 2013. On stand lone basis for the quarter, the company reported net sales/income from operations of INR 5,086.991 million against INR 5,878.078 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 386.728 million against INR 417.257 million a year ago. Loss from ordinary activities before tax was INR 913.137 million against INR 1,035.736 million a year ago. Net loss for the period was INR 634.601 million or INR 9.95 per basic and diluted share against INR 700.307 million or INR 10.98 per basic and diluted share a year ago.
On stand lone basis for the nine months, the company reported net sales/income from operations of INR 15,225.776 million, loss from operations before other income, finance cost and exceptional items was INR 1,609.275 million, loss from ordinary activities before tax was INR 3,159.771 million, net loss for the period was INR 2,131.276 million or INR 33.42 per basic and diluted share.
On consolidated basis for the nine months, the company reported net sales/income from operations of INR 15,225.776 million, loss from operations before other income, finance cost and exceptional items was INR 1,711.000 million, loss from ordinary activities before tax was INR 3,342.639 million, net loss for the period was INR 2,235.217 million or INR 35.04 per basic and diluted share.
Jai Balaji Industries Limited is engaged in the business of manufacturing of iron and steel products. The Companyâs products include sponge iron, pig iron, ductile iron pipe, ferro chrome, billet, thermo mechanically treated (TMT), coke and sinter with captive power plant. It has eight integrated steel manufacturing units spread across India in the states of West Bengal, Chhattisgarh, Orissa and Jharkhand, and a diverse portfolio of value-added products, including DRI (Sponge iron), Pig iron, Ferro Alloys, Alloy and Mild Steel Billets, Reinforcement Steel TMT Bars, Wire Rods, Ductile Iron Pipes, and Alloy and Mild Steel Heavy Rounds, with a combined capacity of 27,40,000 plus tons per annum. The Company's actual production capabilities include approximately 4,45,000 tons per annum of direct reduced iron (DRI); over 509,250 tons per annum of pig iron; approximately 106,000 tons per annum of ferro alloys, and over 10,20,430 tons per annum of alloy and MS billets.
Jai Balaji Industries Ltd. Announces Audited Standalone Earnings Results for the Third Quarter and Nine Months Ended March 31, 2013, and Consolidated Earnings Results for Nine Months Ended March 31, 2013