Jai Balaji Industries Ltd. Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2013
February 12, 2014 at 12:20 pm EST
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Jai Balaji Industries Ltd. announced unaudited earnings results for the third quarter and nine months ended December 31, 2013. For the quarter, the company reported net sales/income from operations of INR 4,110.864 million compared to INR 4,904.190 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 192.051 million compared to INR 697.988 million a year ago. Loss from ordinary activities before tax was INR 975.402 million compared to INR 1,152.663 million a year ago. Net loss was INR 647.703 million compared to INR 701.909 million a year ago. Basic and diluted loss per share before and after extraordinary items were INR 10.06 compared to INR 11.01 a year ago.
For the nine months, the company reported net sales/income from operations of INR 15,116.561 million compared to INR 15,166.205 million a year ago. Loss from operations before other income, finance cost and exceptional items was INR 570.492 million compared to INR 1,907.013 million a year ago. Loss from ordinary activities before tax was INR 2,867.271 million compared to INR 3,572.596 million a year ago. Net loss was INR 1,954.603 million compared to INR 2,397.477 million a year ago. Basic and diluted loss per share before and after extraordinary items were INR 29.76 compared to INR 37.59 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 
