The companys production rose 23 per cent to 1,61,601 tonne of GP/GC in the period under review. Exports were 71 per cent of sales, contributing Rs 433.31 crore.
The companys Q1 earning before interest, depreciation and tax (EBIDTA) is at Rs 108.37 crore (Q1 2003-04 Rs 62.46 cr). Profit before tax is Rs 77.14 crore, a growth of 172 per cent.
The company repaid debt of Rs 41 crore in first quarter. The interest cost is lower by 21 per cent compared to Q1 Fy04. With this debt-equity ratio of the company is at 0.62:1.
Mumbai, July 27: Jindal Vijayanagar Steel (JVSL) has posted net profit of Rs 55 crore for the first quarter (Q1) of 2004-05, against Rs 23 crore in Q1 Fy2004. The companys sales (net of excise) was 1,007 crore against Rs 698 crore in Q1 Fy2004.
Total expenditure was at Rs 718 crore (Rs 471 cr), EBIDTA was at Rs 291 crore (Rs 227 cr) and interest payments was Rs 110 cr (Rs 121 cr) during the quarter under review.