Jai Balaji Industries Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
February 12, 2016 at 05:37 am EST
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Jai Balaji Industries Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, the company reported net sales or income from operations (net of excise duty) of INR 3,253.997 million against INR 3,804.128 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 820.411 million against INR 273.867 million a year ago. Loss from ordinary activities before tax was INR 1,838.597 million against INR 1,234.608 million a year ago. Loss for the period was INR 1,838.597 million against INR 814.671 million a year ago. Loss per basic and diluted share was INR 24.92 against INR 11.04 a year ago.
For the nine months, net sales or income from operations (net of excise duty) of INR 8,146.776 million against INR 10,661.972 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2,125.396 million against INR 894.422 million a year ago. Loss from ordinary activities before tax was INR 5,027.921 million against INR 3,395.988 million a year ago. Loss for the period was INR 4,512.175 million against INR 2,242.942 million a year ago. Loss per basic and diluted share was INR 61.16 against INR 30.98 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 
