Today's Top Gainer
SYMBOL | CMP | Chg (%) |
---|---|---|
Note:Top Gainer - Nifty 50 More
We downgrade the stock from Market Performer to SELL with a 9-month price target to Rs782.
Jan 29, 2013 05:01 IST India Infoline News Service
(Rs mn) | Q3 FY13 | Q2 FY13 | % qoq | Q3 FY12 | % yoy |
Steel production ('000 tons) | 2,094 | 2,170 | (3.5) | 1,939 | 8.0 |
Steel sales ('000 tons) | 2,170 | 2,170 | 0.0 | 1,908 | 13.7 |
Sales as a % of production | 103.6 | 100.0 | 98.4 | ||
Net realisations | 38,214 | 40,880 | (6.5) | 41,281 | (7.4) |
Cost per ton (Rs/ton) | |||||
Raw material | 24,671 | 26,058 | (5.3) | 27,079 | (8.9) |
Personnel cost | 739 | 810 | (8.8) | 787 | (6.1) |
Power and fuel costs | 2,270 | 2,281 | (0.5) | 2,302 | (1.4) |
Other overheads | 4,480 | 4,698 | (4.6) | 4,548 | (1.5) |
Total cost | 32,161 | 33,847 | (5.0) | 34,716 | (7.4) |
EBIDTA/ton | 6,054 | 7,033 | (13.9) | 6,565 | (7.8) |
(Rs m) | Q3 FY13 | Q2 FY13 | % qoq | Q3 FY12 | % yoy |
Net sales | 82,925 | 88,709 | (6.5) | 78,765 | 5.3 |
Material costs | (53,537) | (56,545) | (5.3) | (51,667) | 3.6 |
Personnel costs | (1,604) | (1,759) | (8.8) | (1,502) | 6.8 |
Power and fuel costs | (4,926) | (4,949) | (0.5) | (4,392) | 12.2 |
Other overheads | (9,721) | (10,195) | (4.6) | (8,678) | 12.0 |
Operating profit | 13,136 | 15,262 | (13.9) | 12,526 | 4.9 |
OPM (%) | 15.8 | 17.2 | (136 bps) | 15.9 | (6 bps) |
Depreciation | (4,975) | (4,812) | 3.4 | (4,444) | 11.9 |
Interest | (4,546) | (4,208) | 8.0 | (2,818) | 61.3 |
Other income | 566 | 783 | (27.7) | 8 | - |
PBT | 4,181 | 7,025 | (40.5) | 5,271 | (20.7) |
Tax | 460 | (3,016) | - | (2,066) | - |
Effective tax rate (%) | (11.0) | 42.9 | 39.2 | ||
Adjusted PAT | 4,641 | 4,009 | 15.8 | 3,205 | 44.8 |
Adj. PAT margin (%) | 5.6 | 4.5 | 4.1 | ||
Extra ordinary items | (3,274) | 4,224 | - | (5,001) | (34.5) |
Reported PAT | 1,367 | 8,233 | (83.4) | (1,796) | - |
Ann. EPS (Rs) | 83.2 | 71.9 | 15.8 | 57.5 | 44.8 |
Y/e 31 Mar (Rs m) | FY12 | FY13E | FY14E | FY15E |
Revenues | 343,681 | 363,061 | 410,091 | 452,768 |
yoy growth (%) | 42.6 | 5.6 | 13.0 | 10.4 |
Operating profit | 61,019 | 60,954 | 71,401 | 74,853 |
OPM (%) | 17.8 | 16.8 | 17.4 | 16.5 |
Pre-exceptional PAT | 13,626 | 13,951 | 18,737 | 19,973 |
Reported PAT | 5,377 |