core sector communique

Jai Balaji Industries

posts impressive results

Kolkata, 27^th May, 2011: Jai Balaji Industries Limited has once again posted impressive consolidated results for the financial year ended 31^st March, 2011. Total Income for the financial year was Rs. 2208.83 crore as compared to Rs.1936.69 crore in the last year, reflecting an increase of 14 %. The EBIDTA for the year was Rs.356.80 cr. as against Rs.260.32 cr. an increase of 37%, The PBT for the year was Rs.121.11 cr. as against Rs.54.76 cr., showing an excellent increase of 121%. The net profit for the year also showed a healthy increase of 119% at Rs.77.52 cr. as against Rs.35.39 cr. in the last financial year.

On standalone basis, Jai Balaji has recorded total income of Rs.677.31 cr. in the last quarter ended March, 2011 as compared to Rs.519.41 cr. in the same period last year, reflecting an increase of 30%. The EBIDTA for the quarter was Rs.124.21 cr. as against Rs.71.87 cr., an increase of 73%. The PBT and PAT for the said quarter were Rs.56.64 cr. and Rs.32.07 cr., reflecting an increase of 142% and 110% respectively.

Commenting on the results and the future plans of the company, Mr. 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.’