Jai Balaji Industries Ltd. Announces Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2014 and Consolidated Earnings Results for Year Ended March 31, 2014
May 29, 2014 at 01:07 pm EDT
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Jai Balaji Industries Ltd. announced audited standalone earnings results for the fourth quarter and year ended March 31, 2014, and consolidated earnings results for year ended March 31, 2014. On stand lone basis for the quarter, the company reported net sales/income from operations of INR 4,343.459 million against INR 5,086.991 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 480.094 million against INR 386.728 million a year ago. Loss from ordinary activities before tax was INR 1,320.136 million against INR 913.137 million a year ago. Net loss for the period was INR 1,234.912 million or INR 18.36 per basic and diluted share against INR 634.601 million or INR 9.95 per basic and diluted share a year ago.
On standlone basis for the year, the company reported net sales/income from operations of INR 19,460.020 million. Loss from operations before other income, finance cost and exceptional items was INR 1,050.586 million. Loss from ordinary activities before tax was INR 4,187.407 million. Net loss for the period was INR 3,189.515 million or INR 48.27 per basic and diluted share.
On consolidated basis for the year, the company reported net sales/income from operations of INR 19,460.020 million. Loss from operations before other income, finance cost and exceptional items was INR 1,174.027 million. Loss from ordinary activities before tax was INR 4,396.687 million. Net loss for the period was INR 3,332.143 million or INR 50.43 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 Fourth Quarter and Year Ended March 31, 2014 and Consolidated Earnings Results for Year Ended March 31, 2014