Jai Balaji Industries Ltd Announces Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2015 and Audited Standalone Earnings Results Fourth Quarter Ended March 31, 2015
August 05, 2015 at 07:20 am EDT
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Jai Balaji Industries Ltd. announced audited standalone and consolidated earnings results for the full year ended March 31, 2015 and audited standalone earnings results fourth quarter ended March 31, 2015. For the fourth quarter, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 3,979.677 million against INR 4,343.459 million a year ago. Total income from operations (net) was INR 3,989.481 million against INR 4,386.931 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 572.151 million against INR 480.094 million a year ago. Loss from ordinary activities before tax was INR 1,505.244 million against INR 1,320.136 million a year ago. Net loss from ordinary activities after tax was INR 1,620.785 million against INR 1,234.912 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 21.97 against INR 18.36 a year ago.
For the year, on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 14,641.649 million against INR 19,460.020 million a year ago. Total income from operations (net) was INR 14,777.445 million against INR 19,681.013 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1,466.573 million against INR 1,050.586 million a year ago. Loss from ordinary activities before tax was INR 4,901.230 million against INR 4,187.407 million a year ago. Net loss from ordinary activities after tax was INR 3,863.727 million against INR 3,189.515 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 53.11 against INR 48.27 a year ago.
For the year, on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 14,920.927 million against INR 19,460.020 million a year ago. Total income from operations (net) was INR 15,056.723 million against INR 19,717.586 million a year ago. Loss from operations before other income, finance costs and exceptional items was INR 1,654.692 million against INR 1,174.027 million a year ago. Loss from ordinary activities before tax was INR 5,176.188 million against INR 4,396.687 million a year ago. Net loss from ordinary activities after tax was INR 4,061.319 million against INR 3,331.810 million a year ago. Basic and diluted loss per share before and after extraordinary items was INR 55.83 against INR 50.43 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 and Consolidated Earnings Results for the Full Year Ended March 31, 2015 and Audited Standalone Earnings Results Fourth Quarter Ended March 31, 2015