Jai Balaji Industries Ltd. Announces Unaudited Financial Results for the Second Quarter and Six Months Ended September 30, 2013
November 14, 2013 at 08:07 am EST
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Jai Balaji Industries Ltd. announced unaudited financial results for the second quarter and six months ended September 30, 2013. For the quarter, the company reported net sales/income from operations of INR 4,978.550 million against INR 5,234.595 million a year ago. Loss from operations before other income, interest and exceptional items was INR 335.100 million against INR 524.559 million a year ago. Loss from ordinary activities before tax was INR 1,111.734 million against INR 1,093.971 million a year ago. Net loss for the period was INR 767.528 million or INR 11.41 per basic and diluted share against INR 794.768 million or INR 12.46 per basic and diluted share a year ago.
For the six months, the company reported net sales/income from operations of INR 11,005.697 million against INR 10,262.015 million a year ago. Loss from operations before other income, interest and exceptional items was INR 378.441 million against INR 1,209.025 million a year ago. Loss from ordinary activities before tax was INR 1,891.869 million against INR 2,419.933 million a year ago. Net loss for the period was INR 1,306.900 million or INR 19.70 per basic and diluted share against INR 1,695.568 million or INR 26.59 per basic and diluted share 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 
