Jindal Steel & Power Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2013. For the quarter on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 37,494.4 million against INR 37,797.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 9,113.0 million against INR 10,237.4 million a year ago. Profit from ordinary activities before tax was INR 5,455.8 million against INR 7,400.9 million a year ago. Net profit was INR 3,655.8 million or INR 3.92 per basic and diluted share against INR 5,204.7 million or INR 5.57 per basic and diluted share a year ago. Total turnover was INR 37,770 million against INR 38,210 million last year. EBITDA was INR 12,100 million against INR 12,780 million last year. Cash profit was INR 7,300 million against INR 8,140 million last year. CAPEX was INR 16,140 million against INR 14,110 million last year. Net profit decreased due to increased burden of interest & depreciation of the recently commissioned Angul Steel Plant.

For the nine months on standalone basis, the company reported net sales/income from operations (net of excise duty) of INR 107,685.2 million against INR 106,335.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 21,350.4 million against INR 28,360.6 million a year ago. Profit from ordinary activities before tax was INR 12,157.1 million against INR 16,014.4 million a year ago. Net profit was INR 8,611.2 million or INR 9.24 per basic and diluted share against INR 11,151.0 million or INR 11.93 per basic and diluted share a year ago. Total turnover was INR 108,580 million against INR 107,410 million last year. EBITDA was INR 30,410 million against INR 35,760 million last year. Cash profit was INR 18,670 million against INR 19,710 million last year. CAPEX was INR 44,130 million against INR 38,470 million last year. Net debt was INR 222,960 million against INR 195,620 million at the end of same period last year.

For the quarter on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 53,357.9 million against INR 46,833.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 12,408.0 million against INR 14,106.1 million a year ago. Profit from ordinary activities before tax was INR 8,189.6 million against INR 11,472.0 million a year ago. Net profit was INR 5,592.1 million or INR 6.02 per basic and diluted share against INR 8,699.4 million or INR 9.28 per basic and diluted share a year ago. Total turnover was INR 53,770 million against INR 48,020 million last year. EBITDA was INR 17,010 million against INR 17,900 million last year. Cash profit was INR 10,930 million against INR 12,850 million last year. CAPEX was INR 25,480 million against INR 26,660 million last year.

For the nine months on consolidated basis, the company reported net sales/income from operations (net of excise duty) of INR 147,756.2 million against INR 139,706.5 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 31,473.3 million against INR 39,784.1 million a year ago. Profit from ordinary activities before tax was INR 21,156.4 million against INR 28,920.8 million a year ago. Net profit was INR 15,154.1 million or INR 16.18 per basic and diluted share against INR 21,588.7 million or INR 23.00 per basic and diluted share a year ago. Total turnover was INR 149,010 million against INR 141,580 million last year. EBITDA was INR 44,630 million against INR 50,790 million last year. Cash profit was INR 29,290 million against INR 33,670 million last year. CAPEX was INR 86,880 million against INR 74,960 million last year. Net debt was INR 316,020 million against INR 234,350 million at the end of same period last year.