Jindal Strips posts improved margins - Views on News from Equitymaster

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Jindal Strips posts improved margins

Apr 25, 2000

Jindal Strips Limited has posted a dramatic improvement in profitability during the financial year ended 31st March 2000. The company has benefited from better cost management that has helped it in improving its operating margins. The sharp rise in the provision for tax has moderated the rise in the bottomline of the company. Nevertheless it has managed to post a sharp rise in the earnings per share. The improvement in the international prices and demand for steel has helped the company post the improved performance.

(Rs m)FY1999FY2000Change
Sales 10,259 12,453 21%
Other Income 109 56 -48%
Expenditure 8,493 10,096 19%
Operating Profit (EBDIT) 1,765 2,358 34%
Operating Profit Margin (%)17.2%18.9% 
Interest 881 1,090 24%
Depreciation 620 699 13%
Profit before Tax 374 626 68%
Tax 0 16 7900%
Profit after Tax/(Loss) 374 610 63%
Net profit margin (%)3.6%4.9%
Earnings per share19.75 32.26 63%

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