Jindal Stainless - First Cut
Rajesh Desai
Dear Sir/Madam,
Jindal Stainless Ltd announced its Q3FY13 on 5th Feb, 2013.
The company’s net sales arrived at INR2577 crore, which was up by 35.34% and 4.85% on YoY and QoQ basis. The EBITDA for the quarter was INR121 crore, which was down by 40% on YoY, but marginally up by 3% on QoQ basis. The company posted net loss of INR258 crore against a YoY net loss of INR110 crore and QoQ net loss of INR152 crore.
|
Jindal Stainless Ltd Q3FY13 Results | |||||
|
Particulars |
Q3FY13A |
Q3FY12A |
Q2FY13A |
YoY(%) |
QoQ(%) |
|
Net Sales |
2576.55 |
1903.82 |
2457.29 |
35.34% |
4.85% |
|
Other Operating Income |
7.72 |
6.45 |
6.57 |
|
|
|
Total Operating Income |
2584.27 |
1910.27 |
2463.86 |
|
|
|
Total Expenditure |
2463.57 |
1710.08 |
2346.69 |
|
|
|
EBITDA |
120.7 |
200.19 |
117.17 |
-39.71% |
3.01% |
|
EBITDA Margin (%) |
4.67% |
10.48% |
4.76% |
(581)bps |
8bps |
|
Other Income |
11.6 |
0.2 |
9.58 |
|
|
|
Operating Profit |
132.3 |
200.39 |
126.75 |
|
|
|
Depreciation |
170.77 |
109.82 |
171.37 |
|
|
|
PBIT |
-38.47 |
90.57 |
-44.62 |
|
|
|
Interest |
262.82 |
105.9 |
250.57 |
|
|
|
Exceptional Items |
-79.67 |
-147.78 |
67.76 |
|
|
|
PBT |
-380.96 |
-163.11 |
-227.43 |
|
|
|
Tax |
-123.57 |
-52.78 |
-75.17 |
|
|
|
PAT |
-257.39 |
-110.33 |
-152.26 |
NA |
NA |
|
PAT Margin (%) |
-9.96% |
-5.78% |
-6.18% |
NA |
NA |
|
Exl. EO |
-79.67 |
-147.78 |
67.76 |
|
|
|
PAT Exl. EO |
-177.72 |
37.45 |
-220.02 |
NA |
NA |
|
PAT Margin (%) |
-6.88% |
1.96% |
-8.93% |
|
|
|
|
|
|
|
|
|
|
Equity Capital |
38.11 |
38.11 |
38.11 |
|
|
|
Face Value |
2 |
2 |
2 |
|
|
|
No. of Outstanding shares |
19.06 |
19.06 |
19.06 |
|
|
|
|
|
|
|
|
|
|
EPS |
-13.51 |
-5.79 |
-7.99 |
NA |
NA |
|
Source: Company Data, Microsec Research. All data in INR crores unless specified. |
| ||||
Regards,
Team Microsec Research
Microsec Capital Limited
Tel: 91 33 30512100
Fax: 91 33 30512020
CA. Rajesh Desai