Highlights: Quarter ended March 31, 2013
· NET SALES OF RS. 484 CRORE FOR THE FOURTH QUARTER WITH GROWTH OF 45%
· NET PROFIT AFTER TAX OF RS. 32 CRORE FOR THE FOURTH QUARTER WITH GROWTH OF 223%
· NET SALES OF RS. 1809 CRORE FOR THE TWELVE MONTHS ENDED WITH GROWTH OF 24%
· TWELVE MONTHS ENDED –NET PROFIT AFTER TAX OF RS. 156 CRORE WITH GROWTH OF 387%
Highlights: Twelve months ended 31st March, 2013
1. Net Sales of Twelve months of FY 2013 at Rs. 1809 crore, against sales of Rs. 1458 crore over corresponding twelve months in the previous year, showing a growth of 24%, driven by higher sales realisation and improved operational efficiencies.
2. EBITDA of Rs. 442 crore grew by 84% compared to Rs. 240 crore over corresponding twelve months in the previous year.
3. The company achieved a PAT of Rs. 156 crore in Twelve months ended of FY 2013 compared to Rs. 32 crore in the corresponding twelve months of FY 2012, showing a growth of 387%.
4. Basic Earnings Per Share Rs.27.48; increased by 391% compared with FY12 (Rs.5.59 per share).
5. Final Dividend of Rs.1.50 per share ( on face value of Rs.2/- per share) in addition to interim dividend of Rs.2.50/- per share ( Face value Rs.2/- per share) paid during the year.
New Delhi May 29 2013:OCL India Ltd., a Cement and Refractory manufacturing company in the country today announced its unaudited fourth quarter and full year audited results for the year ended Mar 31, 2013.
The company reported PAT of Rs. 32 crorefor the quarter ended Mar 31, 2013when compared to Rs. -26 crore in the corresponding quarter of FY12, showing a growth of 223%.Net Sales stood at of Rs. 484 crore for the quarter ended Mar 31, 2013 when compared to Rs. 334 crore in the corresponding quarter of FY12, showing a growth of 45%, driven by higher sales realisation and improved operational efficiencies.
Commenting on the results, Mr. Gaurav Dalmia, Managing Director, OCL India ltd. said, “OCL has achieved new heights and crossed all previous benchmarks. This year has been remarkable in terms of increase in sales by 24 % and increase in PAT by 387 %. After a difficult year 2011-12 due to delay in the renewal of mining permit, OCL successfully resumed back its operations in April, 12. We skilfully treaded ahead inspite of slowdown in economy and increasing inflation and input costs. The milestone we have achieved this year is reflective of our consistency and hard work. We will continue in our endeavours to keep providing the best to our stakeholders.”
Citing the company’s expansion plans, he further added, “OCL is currently setting up a 1.35 MT grinding unit in Midnapur, West Bengal. This will involve an investment of Rs. 525 crores. We are also working towards making OCL self-sufficient in its power needs. We have already set-up two captive thermal power plants (2*27) in Odisha involving an investment of around Rs 270 crores. The said plants are currently progressing towards stabilization. Apart from this, OCL is also in process of setting up a 2.5 MW Solar Power Plant (in Odisha) as an effort towards going green with an investment of around Rs. 20 crores and will be operational by June’13”
During the FY13, OCL India acquired additional 50% stake in OCL Global Ltd. which further holds 90% stake in OCL China Limited. OCL Global Ltd. has now become wholly owned subsidiary of the company while, OCL China Ltd. has become a step down subsidiary. OCL China Ltd. has specialty refractory business with installed capacity of 30,000 MT at its China plant.
The company reported PAT of Rs 156 crore for the financial year ended March 31, 2013 compared to Rs 32 crore for previous financial year ended Mar 31, 2012.OCL recorded Net Sales of Rs 1809 crore for the year ended March 31, 2013 compared to Rs 1458 crore in previous financial year.
The summary of financial performance is as under:
Q – 4
|
Q – 4
|
Growth %
|
Twelve Months
|
Twelve Months
|
Growth %
| |
FY 2013
|
FY 2012
|
Q-4
|
FY 2013
|
FY 2012
|
Twelve Months
| |
Rs. / Crs.
|
Rs. / Crs.
|
FY2013
|
Rs./Crs.
|
Rs./Crs.
|
FY2013
| |
Net Sales
|
484
|
334
|
45%
|
1809
|
1458
|
24%
|
EBITDA
|
98
|
15
|
553%
|
442
|
240
|
84%
|
PAT
|
32
|
-26
|
223%
|
156
|
32
|
387%
|
Basic EPS – Rs. Per share
|
5.58
|
-4.66
|
220%
|
27.48
|
5.59
|
391%
|
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