Unaudited Second Quarter Financial Results of Jindal Steel & Power Ltd.
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Unaudited Second Quarter Financial Results of Jindal Steel & Power Ltd.

New Delhi : India | Nov 10, 2012 at 1:57 AM PST
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1. Financial

Standalone

Net Profit after tax is up by 7% to Rs. 582.21 cr. (Rs. 395.79 Cr, before exceptional item Rs. 543.54 cr*)

Turnover up by 8% to Rs 3,588.97 cr (Rs. 3,333.81 cr*)

Consolidated

Net Profit after tax is lower by 6% to Rs. 903.45 cr. (Rs. 891.80 cr, before exceptional items Rs. 965.97*)

Turnover up by 5% to Rs. 4,655.24 cr. (Rs. 4,423.20 cr*)

*figures in brackets are for the corresponding Quarter of financial year 2011-12.

2. Production

JSPL has shown tremendous growth in production of Steel, Power and Pellets. Details of growth in production for the quarter ended September 30, 2012 with the corresponding quarter in the previous financial year are as under:

For the Quarter II ended September 30, 2012:

Product (MT) --------Qtr II ---------- Growth ------ Qtr I

--------------- --- --2012-13 -- 2011-12 -- (%) -- ----2012-13

Sponge Iron--- -----316,192---- 339,809------ (7%) ---374,683

Pig Iron/ Hot metal-- 451,034 ---413,097------- 9% ----484,492

Pellets--------------- 1,031,705-- 898,065 ------15%--- 1,006,080

Steel Products** -----689,802 ---629,562------- 10%---- 765,587

Power (million kWh)--- 1,457 ------947---------- 54%----- 1,516

**Only Slab/Round/Bloom/Beam Blank

3. Sales

Details of sales for the quarter ended September 30, 2012 with the corresponding quarter in the previous financial year are as under:

For the Quarter II ended September 30, 2012:

Product (MT)-------------Qtr II------- Growth------- Qtr I

------------------2012-13--- 2011-12---- (%) ----------2012-13

Sponge Iron--- --25,274 -----28,798---- (12%)---------- 1,925

Pellets -----------435,742---- 526,331--- (17%)---------- 395,447

Steel Products*** 639,349--- 598,209----- 7%------------ 561,337

Power (million KWh) 547 ------222 --------146% ----------584

***Slabs/Bloom/Billets/Structural’s & Rails/Universal Plate/Coil/Converted Angle/Channel/Wire Rod/TMT/Fabricated Beams/Plates

4. Inventory

For the Quarter II ended September 30, 2012:

Inventories (MT)---------------- Qtr II --------------Increase/(Decrease)------------- Qtr I

----------------------------2012-13---- 2011-12------------------------------------ 2012-13

Semis ----------------------116,701 ----89,755 -------------26,946 -----------------161,194

Rail & Structural -----------81,963 -------59,851 ------------22,112 -----------------71,035

MLSM --------------------62,437------- 30,007 ------------32,430------------------ 54,671

Plate & Coil ---------------118,119------ 79,911------------ 38,208------------------ 113,893

Fabricated Material-------- 6,409 ---------10,114 ------------(3,705)------------------ 4,444

Patratu-WR/BRM--------- 81,345-------- 33,700 -------------47,645----------------- 65,917

TMT/Converted Materials --31,935 -------11,525 -------------20,410 ------------------8,085

Total Steel------------------ 498,909 ------314,863----------- 184,046--------------- 479,239

Barbil-Pellets ---------------213,084------- 24,268------------ 188,816 ----------------203,174

5. Jindal Power Limited (JPL) – Qtr II

Consolidated financial result includes result of Jindal Power Limited, a subsidiary of the Company, as under:-

Unaudited – for the Quarter II ended September 30, 2012

Turnover : Rs. 565.06 Crores

Profit After Tax : Rs. 260.25 Crores

Generation : 1,877.75 million units

PLF : 85.04%

6. 4th Unit of 135 MW Power Plant at Angul, Odisha is commissioned today 09.11.2012. Balance 2 units at angul are expected to be commissioned in the current financial year.

khushboo89 is based in Farīdābad, Haryana, India, and is a Reporter on Allvoices.
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