Jai balaji Industries posted a net profit of Rs 3206.5 lakh for the quarter ended March 31, 2011

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Jai balaji Industries posted a net profit of Rs 3206.5 lakh
Jai Balaji Industries Ltd, a significant player in the Iron and Steel industry has announced the following results for the quarter & year ended March 31, 2011 on May 26,2011

The Audited results for the Quarter ended March 31, 2011

The Company has posted a net profit of Rs 3,206.5 lakh for the quarter ended March 31, 2011 as compared to Rs 1,526.88 lakh for the quarter ended March 31, 2010, showing a major incline of 110%. Net sales has increased from Rs 50,300.22 lakh for the quarter ended March 31, 2010 to Rs 64,966.19 lakh for the quarter ended March 31, 2011showing a major improvement of 29.15%. The basic EPS stood at Rs. 5.03.

The Audited results for the Year ended March 31, 2011

The Company has posted a net profit of Rs 7,395.09 lakh for the year ended March 31, 2011 as compared to Rs 3,180.85 lakh for the year ended March 31, 2010 registering a rise of 132.48%. Net sales has increased from Rs. 1,85,527.24 lakh for the year ended March 31, 2010 to Rs 2,11,099.75 lakh for the year ended March 31, 2011 showing a rise of 13.78%. The basic EPS stood at Rs. 11.60 for this fiscal.

The Consolidated Results are as follows:

The Audited consolidated results for the Year ended March 31, 2011

The Group has posted a net profit of Rs 7752.60 lakh for the year ended March 31, 2011 as compared to Rs 3539.67 lakh for the year ended March 31, 2010 showing a jump of 119.02%. Total operating income has increased from Rs. 1,92,983.28 lakh for the year ended March 31, 2010 to Rs. 2,20,277.10 lakh for the year ended March 31, 2011.This is equivalent to growth of 14.14%.The basic EPS stood at Rs.12.16 for this fiscal.

The Board of Directors of Jai Balaji Industries Ltd at its meeting held on May 27, 2011, have recommended a dividend of Re. 0.40 per equity share of Rs. 10/- each being 4% amounting to Rs. 255.13 lacs for the year ended March 31, 2011, subject to approval of members at the Annual General Meeting of the Company.

Aditya Jajodia, Chairman & Managing Director, Jai Balaji Industries said, "The company has been consistently delivering continuous growth both in top line as well as in the bottom line with the support of its stakeholders. With our expansion plans moving ahead as per schedule, we are confident that Jai Balaji Industries will grow into a large and efficient steel company."

Read more about: results, jai balaji indus, media, bse, nse
Story first published: Monday, May 30, 2011, 13:38 [IST]
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