Jai Balaji Industries Limited Announces Audited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2018 and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2018
June 30, 2018 at 09:21 am EDT
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Jai Balaji Industries Limited announced audited standalone earnings results for the fourth quarter ended March 31, 2018 and audited standalone and consolidated earnings results for the year ended March 31, 2018. For the quarter, on standalone basis, the company reported total income from operations was INR 7,958.970 million compared to INR 5,559.905 million a year ago. Loss before exceptional items and tax was INR 688.452 million compared to INR 686.428 million a year ago. Loss before tax was INR 1,085.833 million compared to INR 686.428 million a year ago. Net loss after tax was INR 1,085.833 million compared to INR 686.428 million a year ago. Basic and diluted loss per share was INR 11.63 compared to INR 8.21 a year ago.
For the year, on standalone basis, the company reported total income from operations was INR 24,429.838 million compared to INR 17,113.022 million a year ago. Loss before exceptional items and tax was INR 2,169.225 million compared to INR 2,360.861 million a year ago. Loss before tax was INR 2,566.606 million compared to INR 2,360.861 million a year ago. Net loss after tax was INR 2,566.606 million compared to INR 2,360.861 million a year ago. Basic and diluted loss per share was INR 27.48 compared to INR 28.23 a year ago.
For the year, on consolidated basis, the company reported total income from operations was INR 24,429.838 million compared to INR 18,664.093 million a year ago. Loss before exceptional items and Tax was INR 2,169.254 million compared to INR 2,557.012 million a year ago. Loss before tax was INR 2,566.635 million compared to INR 2,557.012 million a year ago. Net loss after tax was INR 2,566.635 million compared to INR 2,557.012 million a year ago. Basic and diluted loss per share was INR 27.48 compared to INR 30.58 a year ago.
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 Limited Announces Audited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2018 and Audited Standalone and Consolidated Earnings Results for the Year Ended March 31, 2018