Jai Balaji Industries Ltd Announces Audited Standalone Earnings Results Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended March 31, 2016
May 30, 2016 at 11:33 am EDT
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Jai Balaji Industries Ltd. announced audited standalone earnings results fourth quarter and standalone and consolidated earnings results for the year ended March 31, 2016. For the quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 3,806.604 million against INR 3,979.677 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 557.009 million against INR 572.151 million a year ago. Loss from ordinary activities before tax was INR 1,633.321 million against INR 1,505.244 million a year ago. Net loss was INR 2,149.067 million against INR 1,620.785 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 29.12 against INR 21.97 a year ago.
For the year, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 11,953.380 million against INR 14,641.649 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2,682.405 million against INR 1,466.573 million a year ago. Loss from ordinary activities before tax was INR 6,661.242 million against INR 4,901.230 million a year ago. Net loss was INR 6,661.242 million against INR 3,863.727 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 90.26 against INR 53.11 a year ago.
For the year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 12,029.033 million against INR 14,920.927 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 2,812.473 million against INR 1,654.692 million a year ago. Loss from ordinary activities before tax was INR 6,898.037 million against INR 5,176.188 million a year ago. Net loss was INR 6,898.037 million against INR 4,061.319 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 93.47 against INR 55.83 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 Ltd Announces Audited Standalone Earnings Results Fourth Quarter and Standalone and Consolidated Earnings Results for the Year Ended March 31, 2016