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JSW Steel Q4 net profit declines by 9.67%-news14052012

Monday, May 14, 2012

JSW Steel Ltd has announced the following results for the quarter & year ended March 31, 2012:

Standalone Results

The Unaudited results for the Quarter ended March 31, 2012

The net profit of the company fell by 9.66% to Rs752.18 crore for the quarter ended March 31, 2012 as compared to Rs832.66 crore for the quarter ended March 31, 2011.

Total Income has increased by 33.90% to Rs9593.00 crore for the quarter ended March 31, 2012 from Rs7164.24 crore for the quarter ended March 31, 2011 .

The Audited results for the Year ended March 31, 2012

The net profit of the company fell by 19.13% to Rs1625.86 crore for the year ended March 31, 2012 as compared to Rs2010.67 crore for the year ended March 31, 2011.

Total Income has increased by 26.93% to Rs32301.96 crore for the year ended March 31, 2012 from Rs23601.62 crore for the year ended March 31, 2011 .

Consolidated Results:

The Unaudited results for the Quarter ended March 31, 2012

The net profit of the company fell by 3.01% to Rs769.73 crore for the quarter ended March 31, 2012 as compared to Rs793.63 crore for the quarter ended March 31, 2011.

Total Income has increased by Rs41.87% to Rs10385.28 crore for the quarter ended March 31, 2012 from Rs7319.84 crore for the quarter ended March 31, 2011 .

The Audited consolidated results for the Year ended March 31, 2012

The net profit of the company fell by 69.34% to Rs537.68 crore for the year ended March 31, 2012 as compared to Rs1753.98 crore for the year ended March 31, 2011.

Total Income has increased by 41.77% to Rs34444.90 crore for the year ended March 31, 2012 from Rs24295.86 crore for the year ended March 31, 2011.

Further the Board of Directors of the Company at its meeting held on May 14, 2012, has also recommended Dividend:

(i) Dividend at the stipulated rate of Rs1 per share on the 27,90,34,907, 10% Cumulative Redeemable Preference Shares of Rs10 each of the Company has been recommended for the year ended March 31, 2012; and

(ii) Dividend of Rs7.50 (75%) per fully paid-up Equity Share of Rs10 each has been recommended for the year ended March 31, 2012.

JSW Steel closed at Rs620.10, down by 1.11%, with a volume of 10.64 lakh shares on the BSE.
....more info



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