Jai Balaji Industries Ltd. Reports Unaudited Standalone Financial Results for the Fourth Quarter and Year Ended March 31, 2012
May 14, 2012
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Jai Balaji Industries Ltd. reported unaudited standalone financial results for the fourth quarter and year ended March 31, 2012. For the quarter, the company reported total income from operations of INR 5,903.63 million, loss from ordinary activities before tax of INR 1,035.74 million, net loss for the period of INR 700.31 million or INR 10.98 per basic & diluted share against total income from operations of INR 6,731.93 million, profit from ordinary activities before tax of INR 566.36 million, net loss for the period of INR 320.65 million or INR 5.03 per diluted share for the same period last year.
For the year, the company reported total income from operations of INR 24,291.38 million, loss from ordinary activities before tax of INR 2,554.06 million, net loss for the period of INR 1,862.10 million or INR 29.2 per basic & diluted share against total income from operations of INR 21,734.53 million, profit from ordinary activities before tax of INR 1,156.97 million, net loss for the period of INR 739.51 million or INR 11.6 per diluted share for the same period last year.
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 