Monday, February 2, 2015

Usha Martin’s first nine months consolidated turnover crosses Rs. 3,350 Crs


Kolkata, January 30, 2014: Usha Martin Limited, leading producer of Specialty Steel and one of the largest Wire Rope manufacturer globally announced its results for the third quarter and nine months ended 31st December 2014.
Financials
Consolidated
Rs.in Crs
Particulars Q3 FY15
Q3 FY14 9M FY15
9M FY14
Net Sales 1,076.77
965.38 3,390.04
2,821.27
EBIDTA 185.07
230.82 596.55
607.38
PBT (51.33)
26.00 (101.75)
49.43
PAT (35.99)
15.43 (122.64)
20.38
Annualised EPS [Rs.] (4.72)
2.04 (5.36)
0.89
Stand Alone
Rs.in Crs
Particulars Q3 FY15
Q3 FY14 9M FY15
9M FY14
Net Sales 888.39
827.91 2,764.03
2,277.45
EBIDTA 160.01
195.13 516.23
533.90
PBT (64.11)
1.47 (147.45)
8.51
PAT (43.59)
0.99 (152.62)
4.89
Annualised EPS [Rs.] (5.72)
0.12 (6.68)
0.21
Profit after tax for Q3 & 9M in FY 14-15 are after considering additional levy on coal of Rs 7.74 Crs & 78.41 Crs as exceptional item respectively
Production Data (Stand Alone)
Qty in MT
Q3 FY15
Q3 FY 14 9M FY15
9M FY14
Coal 262,434
211,212 609,606
565,692
Iron Ore 269,977
442,929 640,959
1,410,310
Pellet 182,391
539,945
Coke 76,355
62,252 242,687
140,207
Billet 189,374
185,063 530,602
465,218
Rolled Products 150,860
130,076 430,732
366,066
VA Products 52,680
56,304 165,871
163,138
Commenced operations from Jan’14
PRESS RELEASE
Key Highlights – 9M’15
 Turnover increased by over 20% on consolidated basis and 21% on stand alone basis.
 Steel production up by over 14%.
 DRI & Hot Metal production up by 36% and 22% respectively.
 Standalone EBIDTA margin at 18.7% and 17.6% on consolidated basis.
 The operating results would have been better but for subdued steel demand, competition with cheaper imports and higher charge of depreciation and interest.
 The company plans to participate in auction of coal blocks to ensure long term security of key raw material.
 Improving business sentiments and RBI signaling interest rate cuts, should help the company to benefit and improve its operating performance.
USHA MARTIN LIMITED THIRD QUARTER EARNINGS ANNOUNCED PAGE 2
Usha Martin Limited (UML) a leading Integrated Speciality Steel company and one of the largest Wire Rope
manufacturers globally with facilities spread across major global markets -
Corporate Office - Kolkata, India
Steel Plant - Jamshedpur, India
Agra, India
Wire & Wire Rope Plants - Ranchi, India
Hoshiarpur, India
Thailand, UK & Dubai
Bright Bar Plants - Ranchi, India
Chennai, India
Iron Ore Mine - Barajamda, India
Coal Mine - Daltonganj, India
Distribution & Marketing Centres - Singapore
Dubai
Glasgow, UK
Aberdeen, UK
Rotterdam, Netherlands
Houston, USA
Sydney, Australia
Shanghai, China
Jakarta, Indonesia
Vietnam
R & D Centre - Italy
For further information please contact :
Mr. A K Somani – Chief Financial Officer
Usha Martin Ltd, Kolkata
Tel: 033-39800403
Fax: 033-39800400/22822283
E-mail : cfo@ushamartin.co.in

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