Jai Balaji Industries Ltd. Reports Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
February 13, 2012
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Jai Balaji Industries Ltd. reported unaudited standalone earnings results for the third quarter and nine months ended December 31, 2011. For the quarter, the company reported loss from operations before other income, interest and tax of INR 415.711 million, net loss of INR 702.649 million or INR 11.02 per basic and diluted share on net sales of INR 5,838.523 million compared to profit from operations before other income, interest and tax of INR 672.074 million, net profit of INR 198.551 million or INR 3.12 per basic and diluted share on net sales of INR 5,816.845 million for the same period last year. Loss before tax was INR 1,041.849 million compared to profit before tax of INR 297.669 million a year ago.
For the nine months, the company reported profit from operations before other income, interest and tax of INR 169.485 million, net loss of INR 1,161.794 million or INR 18.22 per basic and diluted share on net sales of INR 18,073.822 million compared to profit from operations before other income, interest and tax of INR 1,587.989 million, net profit of INR 418.855 million or INR 6.57 per basic and diluted share on net sales of INR 14,898.355 million for the same period last year. Loss before tax was INR 1,518.324 million compared to profit before tax of INR 590.612 million 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 
