JSW Ispat Steel - First Cut - Microsec Research

JSW Ispat Steel Ltd announced its Q4FY12 results on 26th July, 2012.

Quarterly Performance: The Company's Net Sales arrived at INR2855.37 crore, which was up by 4.94% on QoQ basis and 18.38% on YoY basis. The EBITDA for the quarter was INR341.72 crore, which increased by 75.10% and 35.67% on QoQ basis and YoY basis respectively. The EBITDA Margin was up by 432bps on QoQ basis and 105bps on YoY basis. The company posted a Net profit of INR478.24 crore, which was again up by 438.48% sequentially and 57.87% on yearly basis. The company's has posted net profit in this quarter, after heavy losses incurred in almost last 3years.

Annual Performance: The Company's Consolidated Net Sales arrived at INR10724.12 crore, which was up by 32.80% on YoY basis. The EBITDA for the year was INR768.70 crore, which increased by 134.03% on YoY basis. The EBITDA Margin was up by 293bps. The company posted a Net loss of INR263.64 crore, which was up significantly as compared to FY2011.

Source : Equity Bulls

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