JSW ISPAT Steel (Delisted) financials and balance sheet
BSE: 500305
Formerly Ispat Industries
Last traded ₹9.95 on 10 Jun 2013
Delisted on 8 Jul 2013.
5 years at a glance
Standalone: the listed company alone, without its subsidiaries. ₹ crore, years to March, then June.JSW ISPAT Steel annual reports
Revenue, net profit and borrowings, ₹ crore
- Revenue
- Net profit
- Borrowings
- Loss
A loss in 3 of the 4 years with results on record
Operating and net margin, per cent
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax.
The company moved its year end from March to June: its last year to March on record ended in Mar 2009, its first year to June in Jun 2011.
The years either side of a change of basis do not compare. From the year to Mar 2009, the company's revenue for that year, ₹8,538 Cr, differs from its quarters added, ₹8,450 Cr. From the year to Jun 2012, the company's revenue for that year, ₹11,104 Cr, differs from its quarters added, ₹11,259 Cr.
Results for the year to Jun 2012
Standalone: the listed company alone, without its subsidiaries. ₹ crore.
From revenue to net profit
- Revenue11,104
- Operating expenses−10,335
- Operating profit769
- Depreciation−627
- Other income+424
- One-off items−586
- Finance costs−1,076
- Profit before tax−1,096
- Tax+779
- Net profit−317
Profit and loss
Standalone, ₹ crore, years to March, then June. No results on record for the year to Jun 2010.JSW ISPAT Steel quarterly results
| ₹ crore | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 |
|---|---|---|---|---|---|
| Revenue from operations | 8,284 | 8,538 | – | 8,531 | 11,104 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 7,108 | 7,107 | – | 7,902 | 10,335 |
| Materials and goods boughtCost of materials and goods. Raw materials used and goods bought for resale in the period, adjusted for the change in stock held. | 4,705 | 4,737 | – | 5,504 | 7,371 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 1,176 | 1,431 | – | 629 | 769 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 14.2% | 16.8% | – | 7.4% | 6.9% |
| Depreciation and amortisationDepreciation and amortisation. The part of the cost of plant, buildings and other long-lived assets charged against each year they are used. | 638 | 647 | – | 596 | 627 |
| Operating profit after depreciationOperating profit after depreciation (EBIT). Operating profit before depreciation, less depreciation and amortisation. | 538 | 784 | – | 33 | 142 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 427 | 0 | – | 20 | 424 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 849 | 1,159 | – | 1,023 | 1,076 |
| Profit before one-off items and taxProfit before one-off items and tax. Profit before tax as it would be without the one-off items below it, as the company states it. | – | −375 | – | −970 | −510 |
| One-off itemsExceptional items. Gains or losses the company reports separately because they are not expected to recur, such as selling a business or writing down an asset. | – | −649 | – | −1,181 | −586 |
| Profit before tax | 116 | −1,024 | – | −2,150 | −1,096 |
| 81 | −336 | – | −344 | −779 | |
| Net profit | 35 | −688 | – | −1,806 | −317 |
| Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. | 0.4% | −8.1% | – | −21.2% | −2.9% |
Ratios
Standalone, years to March, then June.
| Ratio | Mar 2008 | Mar 2009 | Jun 2010 | Jun 2011 | Jun 2012 |
|---|---|---|---|---|---|
| Interest coverInterest cover. Operating profit after depreciation divided by finance costs: how many times over the profit pays the interest bill. | 0.6 | 0.7 | – | 0.0 | 0.1 |
Revenue growth and operating profit growth are left blank for the years to Mar 2009 and Jun 2012: between the two periods the company restated its earlier figures, so the two are on different bases and the change is not worked out.
Growth and returns over 3, 5 and 10 years
Standalone: the listed company alone, without its subsidiaries. Each window ends with the year to Jun 2012.
| Measure | 3 years |
|---|---|
| Operating margin, averageOperating margin, average. 3 years: The plain average of the yearly operating profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly operating profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly operating profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 7.2% |
| Net margin, averageNet margin, average. 3 years: The plain average of the yearly net profit margin over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly net profit margin over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly net profit margin over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | −12.0% |
| Interest cover, averageInterest cover, average. 3 years: The plain average of the yearly interest cover over the last three years, needing at least two of them; a year without the figure is left out, never filled in. 5 years: The plain average of the yearly interest cover over the last five years, needing at least four of them; a year without the figure is left out, never filled in. 10 years: The plain average of the yearly interest cover over the last ten years, needing at least nine of them; a year without the figure is left out, never filled in. | 0.1 |