JSW ISPAT Steel (Delisted) results
BSE: 500305
Formerly Ispat Industries
Last traded ₹9.95 on 10 Jun 2013
Delisted on 8 Jul 2013.
Results for the quarter to Mar 2013
Standalone: the listed company alone, without its subsidiaries. ₹ crore.JSW ISPAT Steel annual results and balance sheet
- RevenueRevenue from operations. Money earned from selling the company's goods and services in the period.
- ₹2,702 Cr−2.5% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Operating profitOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax.
- ₹190 Cr+47.3% on the quarter beforeChange on a year ago and on the quarter before. The change against the same quarter a year before: (this quarter's figure less that quarter's) divided by that quarter's, times 100. The change on the quarter before is the same sum against the quarter just before, taken as this quarter's results restate it where the company restated it: this quarter's year to date less this quarter. Left out where either figure is a loss, where the restatement covers two or more earlier quarters without saying which, or across a change of basis named under the table, on the lines it affects.
- Net profitNet profit. What is left of revenue and other income after every cost, interest and tax.
- ₹94 Cr
- Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line.
- ₹0.37
- Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs.
- 7.0%
- 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.
- 3.5%
From revenue to net profit, ₹ crore
- Revenue2,702
- Operating expenses−2,512
- Operating profit190
- Depreciation−152
- Other income+97
- One-off items+31
- Finance costs−232
- Profit before tax−65
- Tax+159
- Net profit94
JSW ISPAT Steel results by quarter
Standalone: the listed company alone, without its subsidiaries. Latest quarter to Mar 2013. Results for the quarter to Jun 2013 were due by 29 Aug 2013, 60 days after it ends.Results filings and date
Revenue and net profit by quarter, ₹ crore
- Revenue
- Net profit
- Loss
Operating and net margin by quarter, 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.
| ₹ crore | Jun 2008 | Sep 2008 | Dec 2008 | Mar 2009 | Jun 2009 | Sep 2009 | Dec 2009 | Mar 2010 | Jun 2010 | Sep 2010 | Dec 2010 | Mar 2011 | Jun 2011 | Sep 2011 | Dec 2011 | Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,788 | 3,223 | 1,124 | 1,316 | 1,400 | 2,048 | 2,199 | 2,484 | 2,428 | 2,185 | 978 | 2,722 | 2,619 | 2,736 | 2,768 | 2,783 | 2,973 | 2,641 | 2,771 | 2,702 |
| Operating expenses. What the business spent to run itself in the period, materials, staff and other costs, before depreciation, interest and tax. | 2,239 | 2,628 | 1,390 | 1,042 | 1,296 | 1,735 | 1,766 | 1,954 | 2,086 | 2,261 | 1,148 | 2,315 | 2,213 | 2,567 | 2,520 | – | 2,631 | 2,535 | 2,642 | 2,512 |
| 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. | 1,510 | 1,768 | 931 | 528 | 779 | 1,082 | 1,135 | 1,238 | 1,422 | 1,594 | 686 | 1,622 | 1,602 | 1,833 | 1,835 | 1,898 | 1,812 | 1,747 | 1,862 | 1,706 |
| Operating profit before depreciationOperating profit before depreciation (EBITDA). Revenue less operating expenses: what the business earns from its operations before depreciation, interest and tax. | 549 | 595 | −267 | 274 | 104 | 313 | 432 | 530 | 342 | −77 | −170 | 407 | 406 | 169 | 248 | – | 342 | 106 | 129 | 190 |
| Operating marginOperating margin. Operating profit before depreciation as a percentage of revenue: how much of each rupee of sales is left after running costs. | 19.7% | 18.5% | −23.7% | 20.8% | 7.4% | 15.3% | 19.7% | 21.3% | 14.1% | −3.5% | −17.3% | 14.9% | 15.5% | 6.2% | 9.0% | – | 11.5% | 4.0% | 4.7% | 7.0% |
| 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. | 161 | 162 | 174 | 150 | 164 | 165 | 150 | 146 | 149 | 154 | 146 | 148 | 147 | 149 | 159 | – | 162 | 162 | 158 | 152 |
| Other incomeOther income. Income from outside the main business, such as interest on deposits, dividends received and gains on investments. | 88 | 1 | – | – | 2 | – | – | – | – | – | – | – | 11 | 9 | 0 | 102 | 114 | 100 | 118 | 97 |
| Finance costsFinance costs. Interest and the other costs of borrowing in the period. | 431 | 473 | 94 | 161 | 268 | 264 | 252 | 243 | 259 | 265 | 274 | 188 | 224 | 279 | 286 | 268 | 256 | 180 | 248 | 232 |
| 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. | – | – | −535 | −37 | −325 | −116 | 30 | 141 | −66 | −496 | −590 | 70 | 45 | −250 | −198 | −128 | 38 | −136 | −159 | −96 |
| 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. | – | – | −441 | −17 | – | – | – | – | – | – | – | – | −1,181 | −95 | −111 | −13 | −339 | 235 | −83 | 31 |
| Profit before tax | 46 | −40 | −976 | −54 | −325 | −116 | 30 | 141 | −66 | −496 | −590 | 70 | −1,135 | −345 | −309 | −141 | −301 | 99 | −242 | −65 |
| 17 | −13 | −324 | −15 | −110 | −37 | 11 | 119 | 3 | −164 | −181 | 0 | – | 0 | – | – | −779 | −23 | −111 | −159 | |
| Tax rateEffective tax rate. Tax charged as a percentage of profit before tax. | 37.2% | – | – | – | – | – | 37.0% | 84.2% | – | – | – | 0.4% | – | – | – | – | – | −23.1% | – | – |
| Net profit | 29 | −27 | −652 | −38 | −215 | −79 | 19 | 22 | −69 | −332 | −409 | 70 | −1,135 | −345 | −309 | −141 | 478 | 122 | −131 | 94 |
| 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. | 1.0% | −0.8% | −58.0% | −2.9% | −15.4% | −3.9% | 0.9% | 0.9% | −2.9% | −15.2% | −41.8% | 2.6% | −43.3% | −12.6% | −11.1% | −5.1% | 16.1% | 4.6% | −4.7% | 3.5% |
| Earnings per shareEarnings per share. Profit belonging to shareholders divided by the number of shares, restated for later splits and bonuses so they do not break the line. | ₹0.08 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | −₹0.57 | ₹1.92 | ₹0.49 | −₹0.52 | ₹0.37 |
| Diluted earnings per shareDiluted earnings per share. Earnings per share counting the shares that options, warrants and convertible bonds already granted would add, on today's share count after splits and bonuses. | ₹0.08 | – | – | – | – | – | – | – | – | – | – | – | – | – | – | −₹0.57 | ₹1.91 | ₹0.49 | −₹0.52 | ₹0.37 |
Earnings per share in rupees, restated for later splits and bonuses.
The quarters either side of a change of basis do not compare. From the quarter to Mar 2009, the company's revenue for the year to Mar 2009, ₹8,538 Cr, differs from its quarters added, ₹8,450 Cr. From the quarter to Jun 2012, the company's revenue for the year to Jun 2012, ₹11,104 Cr, differs from its quarters added, ₹11,259 Cr.