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Jindal Steel & Power - Q1FY13 Result FirstCut - Microsec Research
Posted On : 2012-07-25 01:56:49( TIMEZONE : IST )
Jindal Steel & Power announced its Q1FY13 results on 24th July, 2012.
The Company's Consolidated Net Sales arrived at INR4680.41 crore, which was 14.36% down on QoQ basis, but up by 18.79% on YoY basis. The EBITDA for the quarter was INR1593.24 crore, which decreased by 16.78% and 2.00% on QoQ basis and YoY basis respectively. The EBITDA Margin was down by 103bps on QoQ baisis and 733bps on YoY basis. The company posted a Consolidated Net profit of INR385.33 crore, which was again down by 66.98% sequentially and 58.06% on yearly basis because of the exceptional item of INR574.12 crore.
The company had terminated the EI Mutan Joint Venture contract with government of Bolivia for which the company has made a provision of INR574.12 crore in this quarter.
