- Total income at Rs 2194.57 crore, up by 63.13% from Rs 1345.28 crore
- EBIDTA at Rs 814.96 crore, up by 75.71% from Rs 463.79 crore
- PAT at Rs 385.32 crore, up 83.12% from Rs 210.41 crore
- PBT at Rs 544.46 crore, up by 78.27 % from Rs 305.40 crore
- EPS at Rs 3.27
- Operating profit margin of 35.27%
- PAT margin of 17.26%
- Cement dispatches in Q4FY09 was at 22.23 lakh MT up 12.41% v/s 19.77 lakh MT in Q4FY08
Segmental Division Results Highlights – Q4FY09
- Turnover from Cement Division (including cement products) at Rs 673.96 crore v/s Rs 578.59 crore registering growth of 16.48%
- Turnover from Engineering Division (including Wind Power) at Rs 1242.26 crore v/s Rs 507.32 crore registering a growth of 144.87%
- Turnover from Real Estate at Rs 278.35 crore v/s Rs 259.37 crore registering a growth of 7.32%
FY09 Results (all comparisons with FY08)
- Total income at Rs 6189.76 crore, up by 44.83% from Rs 4273.64 crore
- EBIDTA at Rs 2027.02 crore, up by 46.27% from Rs 1385.79 crore
- PAT at Rs 881.22 crore, up by 44.54 % from Rs 609.67 crore
- PBT at Rs 1228.88 crore, up 45.71% from Rs 843.35 crore
- EPS at Rs 7.48
- Operating profit margin of 30.80%
- PAT margin of 14.24%
- Cement dispatches in FY09 was at 76.07 lakh MT up 12.49% v/s 67.63 lakh MT in FY08
Segmental Division Results Highlights – FY09
- Turnover from Cement Division (including cement products) at Rs 2317.41 crore v/s Rs 1998.14 crore registering growth of 15.98%
- Turnover from Engineering Division (including Wind Power) at Rs 3416.42 crore v/s Rs 2001.63 crore registering a growth of 70.68%
- Turnover from Real Estate at Rs 455.94 crore v/s Rs 273.86 crore registering a growth of 66.49%
Highlights
- 2nd interim dividend of 15% (Rs 0.30 per equity share of Rs 2/-) for the year 2008-09
- Announced cricketing idol Sachin Tendulkar to endorse Jaypee Cement brand
- 2 MTPA cement capacity with new kiln at Dalla, UP has been successfully commissioned along with captive power plant of 27 MW
- Total installed cement capacity of the company is 13.5 MTPA with total installed captive power plant capacity of 153.5 MW as on March 31, 2009
Jaiprakash Associates Limited (JAL) the leading infrastructure conglomerate announced remarkable growth in the fourth quarter ended March 31, 2009. The total income for Q4FY09 was at Rs 2194.57 crore as compared to Rs 1345.28 crore in Q4FY08; an increase of 63.13%. EBIDTA for Q4FY09 stood at Rs 814.96 crore; registering an increase of 75.71% as compared to Rs 463.79 crore in the corresponding previous period. Net profit for the Q4FY09 improved to Rs 385.32 crore as against Rs 210.41crore in Q4FY08, an increase of 83.12%. The earnings per share (EPS) for Q4FY09 stood at Rs 3.27 per share.
The exemplary performances of JAL’s operational subsidiaries have played a pivotal role in the overall growth of the group. The share of revenue from Cement Division (including cement products) during the quarter constituted 31% of the revenue while Engineering Division (including wind power) during the quarter constituted 57% of the revenue while revenue from real estate constituted 13% of the total revenue.
During Q4FY09, JAL also received the nod of shareholders and creditors for the proposed scheme of amalgamation of the Jaypee Hotels Ltd, Jaypee Cement Ltd, Jaiprakash Enterprises Ltd, and Gujarat Anjan Cement Ltd, with Jaiprakash Associates Ltd. JAL has also repurchased and extinguished the zero coupon convertible bonds aggregating to the face value of approximately US$ 40.025 million (out of the outstanding FCCB-III aggregating USD 395.5 million against the issue size USD 400 million due 2012) during Q4FY09 in three phases.
Commenting on the Company’s performance for Q4 FY09, Mr. Manoj Gaur, Executive Chairman, Jaiprakash Associates Ltd. said, “We are pleased to post encouraging growth in our operating performance even in this challenging economic scenario. Focus on increasing productivity, managing costs and ensuring high productivity per employee has been another key factor in our success. In this scenario JAL’s consistent focus in tapping growth opportunities in its area of competence and deep belief in nation's unlimited potential has helped us in excelling across all our business verticals"
FY09 Results
The total income for FY09 was at Rs 6189.76 crore as compared to Rs 4273.64 crore in FY08; an increase of 44.83%. EBIDTA for FY09 stood at Rs 2027.04 crore; registering an increase of 46.27% as compared to Rs 1385.79 crore in the corresponding previous period. Net profit for the FY09 improved to Rs 881.22 crore as against Rs 609.67 crore in FY08, an increase of 44.54%. The earnings per share (EPS) for FY09 stood at Rs 7.48 per share.
The share of revenue from Cement Division (including cement products) during the year constituted 37.44% of the revenue while Engineering Division (including wind power) during the year constituted 55% of the revenue while revenue from real estate constituted 7% of the total revenue.
“Jaypee cements’ growth, based on its learning of past has given it good understanding of the cement sector. With continued emphasis on improving productivity, creating capacity before demand and focus on customers’ satisfaction has in turn, helped Jaypee cements emerge as the fastest company to expand through organic route.” Mr. Gaur further added.
During the year 2 MTPA cement capacity plant at Sidhi (M.P.) has also been successfully commissioned. JAL also registered growth of 12.5% in cement despatches as compared to FY08.
The board of directors also declared an interim dividend of 15% (Rs 0.30 per equity share of Rs 2/-) for the year 2008-09.
JAL has been awarded LOIs for 2X660 MW Karchana Thermal Power Project and 3X660 MW Bara Thermal Power project in UP.
Broad outlook
The company is in final stage of capacity expansions in cements business and expects to have combined cement capacity of 18 MTPA by the end of the current fiscal. As of now the company has combined commissioned capacity of over 13.5 million tonnes per annum (MTPA) and is a brand leader in its current marketing zone, consisting of Central and parts of Northern India. The Company has undertaken a bold expansion plan to achieve a 35 MTPA capacity by 2011 – one of the fastest organic expansions worldwide in the cement industry.
Construction work on entire 165 km of the Yamuna Expressway project is in progress and the project is scheduled to be completed by 2010. The power business of the company is also progressing well and both, 300 MW Baspa - II and 400 MW Vishnuprayag are generating energy in excess of their design energy. Work on the group’s 1000 MW Karcham-Wangtoo project is progressing on fast track basis with the project slated for commissioning six months ahead of schedule.
JAL, has the strongest credentials when it comes to project execution, building new capacities, be it hydropower or cement and has consistently delivered in enhancing shareholder value.
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About Jaiprakash Associates Limited
The group is a diversified infrastructure conglomerate and has a formidable presence in Engineering & Construction along with interests in the power, cement, hospitality, real estate, expressways and education (not for profit). For more details please visit http://www.jalindia.com
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