The company announced the results after market hours on Thursday, 25 April 2013.
Meanwhile, the BSE Sensex was down 60.44 points, or 0.31%, to 19,346.41.
On BSE, 13,000 shares were traded in the counter as against an average daily volume of 1.89 lakh shares in the past one quarter.
The stock hit a high of Rs 322.95 and a low of Rs 319.10 so far during the day. The stock had hit a 52-week high of Rs 514.55 on 2 May 2012. The stock had hit a 52-week low of Rs 321.10 on 12 September 2012.
The stock had underperformed the market over the past one month till 25 April 2013, falling 6.20% compared with the Sensex's 3.88% rise. The scrip had also underperformed the market in past one quarter, sliding 24.01% as against Sensex's 3.47% fall.
The large-cap company has an equity capital of Rs 93.48 crore. Face value per share is Re 1.
Jindal Steel and Power's (JSPL) consolidated net profit after exceptional item declined 27.25% to Rs 2911.62 crore on 9% growth in income from operations to Rs 19806.78 crore in the year ended 31 March 2013 (FY 2013) over the year ended 31 March 2012 (FY 2012). Net profit before exceptional item declined 14% to Rs 3485.74 crore in FY 2013 over FY 2012.
JSPL said that it has maintained a double digit growth in its steel business despite a global economic slowdown & subdued steel market. The company with its relentless commitment to operational excellence achieved 100% utilization of steel and pelletisation capacity, JSPL said in a statement. Several new countries and customers were added to expand the market share of JSPL, the company said. New sources of raw material were established and made operational, it added. The company, which hitherto focused mainly on B to B business, made an impressive foray into the retail market for its standard products, JSPL said. The company said it has also reorganized its operations to bring more focus on Individual Business Segments and Business Units. Specific attention has been paid to strengthen the internal process and systems, the company added. As the organizations steps into 2013-14, it is ready and well poised for an orbital jump to a much larger volume of activity as envisaged in the company's Vision 2020 plan, JSPL said in a statement.
JSPL's number of customers increased to 2,758 in FY 2013, from 2,139 in FY 2012. The company forayed into retail segment. It has appointed 15 distributors to kick off channel sales. It intends to achieve country wide coverage by 30 June 2013, JSPL said in a statement.
JSPL said its pallet production has reached its full capacity. Exports by value surged 30% in FY 2013 over FY 2012. The company said that it has achieved impressive gain in market share particularly in long products segment. The production of coking coal started in Mozambique.
The company said it has achieved 100% liquid steel capacity. Production of steel rose 11% in FY 2013 over FY 2012. Sales by value rose 12.2% in FY 2013 over FY 2012.
JSPL said that the company is all set to increase its steel capacity from 3.5 MTPA to 7 MTPA in 2013-14. The company also said it plans to double its power production capacity to 4,969 megawatts (MW) during 2013-14.
JSPL's board of directors at a meeting held on Thursday, 25 April 2013, recommended dividend of Rs 1.60 per share for FY 2013.
JSPL is one of India's major steel producers with a significant presence in sectors like mining, power generation and infrastructure.
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