Grasim Industries Limited - AceAnalyser Call/100300_20010930.pdf · 2! Grasim's Business Profile "...
Transcript of Grasim Industries Limited - AceAnalyser Call/100300_20010930.pdf · 2! Grasim's Business Profile "...
Grasim Industries Limited
Investor Presentation - September 2001
2
! Grasim's Business Profile" Cement " VSF" Sponge Iron " Textiles
! Divisional Overview! Restructuring Efforts! Financial Highlights! Q1FY02 Performance Review (Annexure)
Presentation Structure
3
! Balanced business-mix over 80% revenue from core businesses of Cement and Viscose Staple Fibre
! Cement business, after 3 years of investment phase and restructuring, is on the threshold of profitable growth
! Share of Cement business is set to rise with incremental new investment only in cement
! VSF is a secure and stable business with strong cash flows.! Strong cash flows and low gearing to support cement
growth strategy
Business Profile
4
Business Mix
Q1FY02 (Rs. 1,176 Crs.)
Others5%
VSF, Pulp &Chemical
33%
Textiles6%
Cement47%
Sponge Iron9%
FY 2001 (Rs. 4,822 Crs.)
Others8%
VSF, Pulp &Chemical
39%Textiles6%
Cement39%
Sponge Iron8%
5
PBIDT Mix
Q1FY02 (Rs.248 Crs.)
Others1%
VSF, Pulp &Chemical
31%
Textiles-1%
Cement60%
Sponge Iron9% VSF, Pulp &
Chemical56%
Cement34%
Sponge Iron9%
FY 2001 (Rs. 912 Crs.)
Others 3%
Textiles(-) 2%
6
Cement – a growth area for Grasim
Cement will be a key driver of growth in future
56 57 48 46 42 39 39 33
19 2225 23 29 37 38 47
9 9 11 12 810 8 912 9 10 10 97 6 64 3 6 9 12 7 8 5
0%
20%
40%
60%
80%
100%
FY95 FY96 FY97 FY98 FY99 FY00 FY01 Q1FY02
VSF Cement Sponge Iron Textiles Others
Revenue Mix
7
Business Overview
8
Cement
9
Grasim’s Cement Business! Amongst three largest producers in India
" 10.36 Mn TPA existing capacity across 5 locations" 2.2 Mn TPA additional grinding facilities at split locations
(by Dec. 01)
" 1.14 Mn M3 RMC plants (6 Nos.) and 0.65 Mn Ton Bulk Terminal" Captive power plant at all locations, meeting entire requirements" Four strong national brands - Birla Tristar, Birla Super, Birla Ready
Mix and Birla White; Two strong regional brands - Rajashree and Vikram
! Excellent market position" Dominant player in key consuming states of Maharashtra,
Karnataka, Rajasthan, Western M.P., Western U.P. and Haryana" Domestic market share exceeds 10%
#North(12%), East(8%),West(11%) and South(9%)! Largest producer of white cement in India with capacity of
400,000 TPA (55% market share), 6th largest in the World
10
Industry Outlook Positive
! Cement consumption to more than double in next 10 years" 6% GDP growth to drive 7-8% annual growth in demand" Per capita consumption is lower than many developing countries
- India (87Kgs) Vs. China (400 Kgs) and Brazil (250 Kgs)
153(E)200(E)2010-11(F)8793.522000-015448.901990-912818.661980-812214.221970-71
Per Capita Consumption (Kgs.)
Annual ProductionVolume in Mn. MT
Source : NCAER Study
11
! Demand growth will be accelerated by :"Strong growth in housing sector
# Rural demand to pickup with normal monsoon # Fiscal incentives for private housing to continue# Changing preference towards nuclear families # Impending recovery and pickup in industrial activity to
boost urban demand"Renewed focus on infrastructure sector by the Government
# Thrust on road sector re-iterated in the Union Budget. Plan outlay up 93% to Rs.8,730 Crs.
# Golden Quadrilateral - 6000 Kms Road Project; to be completed by Year 03
# North-South and East-West Corridor Project - 7000 Kms of expressway underway- To be completed by Year 07
# Construction of Flyovers, expressways and concretisation of roads by State Governments to augment further consumption
Industry Outlook Positive (Contd..)
12
Long term supply pressures to ease! Cement production exploded after decontrol
" 50 Mn MT added in last 10 years" Sharp rise in capacity coupled with sluggish growth in demand
resulted in domestic surplus and pricing pressures ! Capacity additions to slow down
" Stringent financing environment (e.g. Lender’s policy shift in project finance)
" Sales Tax incentives phased out" Additional 12 Mn Greenfield capacity likely in next three years " Significant addition to Greenfield capacities unlikely, as same
unviable at current prices" Capacity addition may be by way of de-bottlenecking, brown
field expansion and higher proportion of blended cement! Demand supply balance likely within next 3 years
13
Short term surplus to continue! Demand growth to recover in second half of FY 02 on the back
of good Monsoon in almost all key cement consuming states and infrastructure spending
! Supply pressures to continue" Present capacity utilisation offers room for increased supplies" On-going de-bottlenecking to add fresh capacities" Progressive shift towards blended products to increase latent
capacity with existing producers ! Capacity utilisation expected to grow gradually with pick-up in
demand
14
Price outlook remains firm! Prices recovered during 2HFY01! Significant downside in cement prices unlikely
" Economic compulsion –#Substantial cost increase in last 3 years
" Stressed gearing of large players" Valuations of recent acquisitions assume higher price levels" Producers wanting to exit cement business keen on keeping
cement prices at remunerative level! Industry consolidation process to contribute positively
" Around 30 Mn MT capacities up for sale! Historically no major imports. Imports not viable even at
current prices
15
Going Forward! Key Challenges
" Greater competition among majors" Focus on improving market position" Retention of market share" Cost Control
! Strategies to overcome challenges" Maintain market position" Capital and manpower productivity" Maintaining competitive cost structure
16
Strategy : Market Position! Focus on identified core markets (North, Western corridor and
South)! Strengthen brands to ensure regional dominance! Improve realisation thru
" Change in product mix " Change in market mix
# Better penetration into new markets of South and North# Grinding unit at Bhatinda underway# Improve presence in profitable retail segment
! Value added products will be a focus area! Selective acquisitions, to benefit from industry consolidation
" Strong cash flows to fuel cement growth initiatives
17
Strategy :Capital and Manpower Productivity
! Capacity expansion from 9.10 Mn. MT to 10.36 Mn. MT achieved without major capex.
! Cost effective expansion of capacities" Adding 2.8 Mn MT in next 15 months through change in
product mix and de-bottlenecking" Capital cost per ton to reduce from Rs.1800 to Rs.1600
! Capex plans to enhance returns! Employee productivity is focus area
" Rationalisation of labour force
18
Strategy : Cost Control
! Further reduction in energy costs" Increase proportion of thermal power" Reduce unit energy consumption further" Change in fuel mix - increase use of petcoke
! Reduce distribution costs" Better logistics management" Leverage advantages of new plant in South" Set up grinding facilities close to profitable markets
! Amalgamated Dharani Cements Ltd. will result in annual saving of Rs.14 crores.
490
728
90
99-00
465539551Freight Distance (Kms)
720735751Fuel (KCal/Kg)
9095100Power (KWH / MT)
00-0198-9997-98
19
Viscose Staple Fibre
20
VSF - Another Key Business for Grasim! Largest domestic producer with strong competitive advantage
" 3 fibre plants with 2,20,000 TPA installed capacity! Market leader with over 90% domestic share! Amongst lowest cost producers in the World! Fully integrated operations
" Caustic Soda and Power requirements met fully from captive sources
" 50% of pulp requirement met from captive sources! Strong in-house R&D facilities
21
VSF Industry Profile! Two producers with a production capacity of 277000 MT
" FY 01 Grasim’s production - 218847 MT" FY 01 Other Producer - 17326 MT
! Cellulosic fibre and filament segment is around 15% of total man made fibre segment
! VSF constitutes 6% of overall textile fibre segment ! Over last decade domestic demand has risen 4% annually
844741980
Over 00 17%2361732001Over 99 13%2020362000Over 90 2%1781801999Over 80 6%1476551990
CAGRDemand (MT)Year
! On the other hand global demand has been declining (from 1.9 Mn. ton in 1990 to 1.7 Mn. ton in 2000)
CAGR over 1990 - 4%
22
VSF to Remain Stable PerformerOutlook! Recent fall in volumes due to down-turn in textile industry and low
yarn demand" VSF yarn prices in European and Asian markets declined from
its peak of US$ 2.27/kg in May 00 to US$ 1.90/kg in June 01. Exports from India declined from 2800 MT per month in March 01 to 1150 MT per month in June 01
" Export realisation lower due to weakening of Euro" Increased competition due to fall in value of Indonesian Rupiah
by 9% in Q1 FY01 " Falling demand is partly attributable to increased price disparity
with PSF. Price differential widened from Rs.18/kg in FY01 to Rs.24/kg in Q1 FY02
! Demand expected to pick-up in the second half" Indonesian Rupiah as well as Euro has gained part of lost
ground, enhancing competitive strength of domestic yarn exporters.
" Declining pulp prices has helped correction in VSF prices #Pulp prices showing a declining trend at US$ 525/MT, from
the peak level of 750/MT in Q4FY01
23
VSF to Remain Stable PerformerOutlook (contd..)! Operating profit expected to improve in second half
" Operating profit will get support from lower pulp prices." Closure of non-viable Mavoor operation to add Rs.27 Crs. per
annum to bottom line! Towards ensuring long term growth, Grasim will focus on
enlarging use of VSF through" Positioning VSF at the high end of the market as the Fibre for
Feel, Comfort and Fashion " Branding “Birla Viscose” to create awareness in the value chain
and promote VSF as an Eco-friendly Fibre." Product and application development" Strategic alliance with trend - setters for new applications
3901137013
4751246194 47024
52081
48228
38039
4410046048
4468242663 43755 44978
53308 52889
49429
72590
66650
73511
69660
68472
66048
64279
66650
6535663697
62795
65565
67380
65067 65608
68358
66963
25000
30000
35000
40000
45000
50000
55000
Q1 98 Q2 98 Q3 98 Q4 98 Q1 99 Q2 99 Q3 99 Q4 99 Q1 00 Q2 00 Q3 00 Q4 00 Q1 01 Q2 01 Q3 01 Q4 01 Q1 02
Turn
over
(MT)
6200063000640006500066000670006800069000700007100072000730007400075000
Real
isat
ion
(Rs/
PMT)
Turnover Realisation
Fibre Fibre -- Turnover volume and Turnover volume and Realisation Realisation TrendTrend
24
25
60000
65000
70000
75000
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1
Rs./M
T
600
700
800
900
CIF
US $
/MT
VSFPulp
VSF and Pulp prices Trend
FY 00 FY 01 FY 02
26
11.510.210.8
9.09.3
3.43.43.43.74.1
0
2
4
6
8
10
12
14
1996 1997 1998 1999 2000
% S
hare
Grasim share inWorld CellulosicIndustryVSF Share in worldtextile
Grasim Share in World VSF Market
27
Other Businesses!Sponge Iron!Textiles
28
Sponge Iron ! Overview
" Largest merchant producer in India#Market share exceeds 35%#Installed capacity of 900,000TPA (Gas Based)
" Enjoys strong competitive advantage,HYL Technology enables-#Flexibility to produce both HBI and DRI#Dual feedstock facility (Natural Gas & Naphtha)
! Outlook" Global scrap prices to remain stable at current levels" Domestic realisation may come under pressure due to return of
major players into merchant supply market" Natural gas supply to remain a constraint
#Any abnormal increase in Natural gas price could adversely impact profitability and margin
" Grasim will focus on#Asset sweating (No major new capex)#Leveraging strategic advantages of location and product
flexibility#Ongoing cost reduction measures
29
Textiles ! Overview
" 222 looms and 43,500 spindles" Two strong brands – Grasim and Graviera
! Outlook remains challenging " Fabric volumes and prices to remain under pressure
# Over capacity, commoditisation of suiting fabrics market and gradual shift towards ready-to-wear products
# Price competition from unorganised sector and cheaper imports
" Grasim to focus on# Improve market share and strengthen distribution network# Move up the value chain to ensure higher realisation and
overcome competition # Improve efficiencies including downsizing of weaving
section and rightsizing of work force $ No of hands reduced in Q1 FY02 - 111 Nos.$ No. of hands reduced in FY2001 - 423 Nos.
30
Restructuring Efforts
31
Debt Restructuring! Restructuring of high cost debt
" Swapped high cost debt of Rs.327 crores with lower coupon debt, in FY00
" Coupon reduced on Rs.27 crores debt in FY00" Coupon reset on debt worth Rs.331 crores in FY01" Prepayment of high cost debt of Rs.41 crores in FY01
! WAC of long term debts going down successively" 13.8% in FY99 to 8.4% by FY03
32
Business Restructuring! Dharani Cement Ltd., a wholly owned subsidiary, merged
effective 1st Nov 2000! Software Business Hived-off into a wholly owned subsidiary
effective 1st February 2001 ! Closure of Mavoor Fibre and Plup Plants -Effective 1st July 01
" One time extraordinary loss in annual accounts for FY02" Retrenchment compensation of Rs. 58 Crores " Estimated loss on realisation/ valuation of fixed assets retired
from active use - Rs. 19 Crs. " No. of employee strength to go down by 2300 - about 11% of total
employee strength of the Company" Annual savings of Rs.27 Crs. in recurring expenditure (employee
cost and fixed overheads) from July 01 onwards
33
Capex Plan – FY02
294
9246
82
* 15
* 59
Amount
!Expenditure :
Q3 FY03Q3 FY03
4223
5023
Power Plants (Cement units)- AC 23 MW- South 12.5 MW
-
105
40
--
--
FY03
To be Spent in
189Sub Total (A)
-
-
-
Q2 FY0342Cement Capacity Expansion - Debottlenecking/Blending
Q2 FY0215Ready Mix Concrete 3 Plants (745,200 M3 ) (Total Cost Rs.28 Crs.)
Q3 FY0259Cement Grinding Unit at Bhatinda (1 Mn MT) (Total Cost Rs.83 Crs.)
New Projects :A
FY02Completion
Schedule
* Net of amount spent till FY 01
Rs. Crores
34
Capex Plan – FY02 (Contd..)
58629254
17860
Amount
149425Total
149265Internal Accruals/New Debts
--160Debt (Already raised)
!Financing :
149425Total (A + B)4417207
FY03To be spent in
236Sub Total (B)30- Others
153- Cement- VSF 53
B Normal Modernisation :FY02
Rs. Crores
35
Financial HighlightsFY99 – FY01
36
Profitability FY99 –FY01
252237210Rs. Crs.Depreciation
239256292Rs. Crs.Interest
After current & deferred tax3.72.92.3RatioInterest Cover
41.225.419.6Rs.EPS68.751.344.7Rs.CEPS8.07.06.75Rs.DPS
348150105Rs. Crs.PAT **37.9
378
673
18.9912
4,8225,582FY01
16.312.5Rs.EPS
233164Rs. Crs.PAT (before deferred tax) **
500386Rs. Crs.PBDT
17.718.1%PBIDT Margin756678Rs. Crs.PBIDT
4,2733,757Rs. Crs.Net Turnover4,9824,325Rs. Crs.Gross TurnoverFY00FY99
* For the period* * After employee separation cost
37
Financial Snapshot (FY99 – FY01)
5.1
11.2
234
1.13
4,128
2,142
91.7
3,354
4,937
FY99(R)*
14.8
15.7
271
0.76
4,243
2,488
91.7
3,303
5,312
FY01(R)*
6.9
11.8
242
1.02
4,244
2,220
91.7
3,401
5,206
FY00(R)*
12.9
13.8
335
0.62
4,815
3,075
91.7
3,303
5,312
FY01
3,4013,354Rs.Crs.Net Block
8.66.6%RONW
10.510.1%ROCE (PBIT basis)
303285Rs.Book Value
0.820.93RatioDebt : Equity **
4,7594,572Rs.Crs.Avg.Capital Employed
2,7772,616Rs.Crs.Net Worth
91.791.7Rs.Crs.Equity
5,2064,937Rs.Crs.Gross Block
FY00FY99
* Restate for deferred tax liability** Both Long Term and Short Term debts considered in debts
38
Cement will be driver of growth going forward
To Sum Up…! Focus
" Deliver enhanced value to shareholders on a sustained basis" Value creation and not asset creation alone
! Strategy " Focus on core businesses – VSF and Cement" No unrelated diversification / Investments" Improve asset utilisation through market expansion and better
penetration" Improve margins through better efficiency and stringent cost
control
39
Fibre plants
Pulp plants
Chemical plant
Textiles units
Grey cement plants / Grinding Units (G)
White cement plant
Ready-mix Concrete plant
Bulk Cement Terminal
Sponge Iron plant
Not to scale
Plant Locations
T
F
P
S
B
C
%Gwalior
Bhiwani
Bharuch
Nagda
Harihar
Mavoor
Shambhupura
Jawad
Raipur
%
Malkhed
Jodhpur
Raigarh
Reddipalayam
Hyderabad
Gurgaon
Bangalore
Bhatinda(G)
Hotgi(G)
T
T
FF
F P
F
P
S
B
C
Noida
Chennai
Thank YouThank You
41
Annexure
Results – Q1/FY2002
42
(18.4)---Profit on transfer of Undertaking
* 37.987* 6.011.2EPS(Restate for Deferred Tax) (Rs.)
#-#10.0Provision for Deferred Tax
11.2102.2
23.02.4
137.662.6
200.247.5
247.714.5
1,184.2Q1FY02
41.2726.5EPS for the period (Rs.)377.97259.4Profit after Current & Deferred Tax
50.04754.0Provision for Current Tax11.3711.4Employee Separation Cost (ESC)
420.811264.8PBT(before ESC & E.O. items) 251.9162.3Depreciation672.758127.1Gross Profit238.8(22)61.3Interest and Finance Charges911.531188.4PBIDT89.71812.3Other Income
4,839.8(1)1,195.9Net Turnover & Operating IncomeFY01% Chg.Q1FY01
Rs. Crores
Financial Performance – Q1FY02
* Restate for deferred tax liability# Not provided, Q1FY01 Rs.4.7 Crs. and FY01 Rs.30.3 Crs.
43
Performance Highlights – Q1FY02! Excellent performance due to improved scenario of Cement,
AND despite poor off take of VSF and curtailed operations of Chemical division
! Turnover marginally down due to lower volume of VSF, curtailed operation of Chemical division and planned reduction of trading activity
! Operating profits higher at Rs.248 crores (up 31%), Operating margins higher at 21% (corresponding quarter 16%)
! Declining trend in interest charges continues; down by 22% ! Net profit before extraordinary items and deferred tax liability
increased by 88%, despite higher current tax
44
Performance Highlights – Q1FY02 (Contd..)
! Deferred Tax Liability" Provision of Rs. 10 Crs. in Q1FY02 made as per AS-22" Liability for corresponding Q1FY01 would have been Rs.4.7
Crs." Provision for liability for the past year upto FY01 estimated at
Rs. 587 Crs. which, as per AS requirements, will be met out of accumulated Revenue Reserve
" The deferred tax liability has arisen substantially on account of the timing difference between the Depreciation admissible under Income-tax Laws and Accounting Depreciation.
" Having regard to the normal capital expenditure plans of the Company in the future years, the timing difference is not expected to be reversed. No cash outflow therefore expected to materialise towards such liability in foreseeable future.
45
Divisional Turnover - Q1FY02
1,3491,176
5510177
55628
528
38744
34332
311
AmountQ1FY02
100596
472
45
334
293
26
Share%
100897
372
35
395
343
31
Share%
1,3781,190
9110681
44027
413
47261
41141
370
AmountQ1FY01
5,582Total Gross Turnover1004,822Total Net Turnover
8390Others8401Sponge Iron6306Textiles
391,8523133White
361,719GreyCEMENT
391,8735245Chemical
341,6283158Pulp
311,470VSF FIBRE
Share%
AmountFY01Net Turnover
Rs. Crores
46
387
556
81 85 7269 77
106 100 9798 101
92 93 102101
54
465457480473
530457426440
0
200
400
600
800
1000
1200
1400
Q1 FY01 Q2 FY01 Q3 FY01 Q4 FY01 Q1 FY02
OthersSponge IronTextileCementFibre / Chemical
Divisional Quarterly Turnover Trend
Net Turnover (Rs. Crs.)
1192 1184 11851263
1176
47
78
148
-5 -4 -4 -11 -2
17
25 20
23
21
6
2 7
111121140133
1418156
37
3
-3-30
0
30
60
90
120
150
180
210
240
270
300
Q1 FY01 Q2 FY01 Q3 FY01 Q4 FY01 Q1 FY02
OthersSponge IronTextileCementFibre/ Chemical
Divisional Quarterly PBIDT Trend
PBIDT (Rs. Crs.)
188
219 226
261248
48
Viscose Staple Fibre
22
72,590
311
39,011
32,757
220,775
Q1FY02
31
66,048
370
53,308
52,395
220,775
Q1FY01
10
(16)
(27)
(37)
%Chg.
29%PBIDT Margin *
69,733Rs./MTAvg. Realisation
1,470Rs.Crs.Net Turnover
203,854MTSales Volumes
218,847MTProduction
220,775TPACapacity
FY01
* Before employees separation cost
49
Viscose Staple Fibre (Contd..)
Highlights –! Capacity utilisation down at 59% due to closure of Nagda Plant
for part of the current quarter! Plant operations resumed June 01 end! Sales volumes down 27 %, at 39,011 MT due to adverse market
conditions (lower demand)! Realisation up 10% from Rs.66/Kg to Rs.72.5/Kg ! Operating margin down – from 31% to 22%
" Spread of fixed overheads on lower volume" Higher input cost (Pulp cost up 11%,Caustic Soda cost up 42%)
50
Cement
85,110
2752,76553,173
360,000
1,646413
2.472.469.10
Q1FY01
275,251
2853,50254,211
400,000
2,046528
2.552.57
* 10.36
Q1FY02
3412
242834
% Chg.
17%PBIDT Margin
** 400,000TPACapacity
5,268Rs./MTAvg Realisation133Rs. Crs.Net Turnover
251,291MTSales Volumes251,594MTProduction
White Cement
Grey Cement
1,894Rs./MTAvg Realisation1,719Rs. Crs.Net Turnover9.16Mn. MTSales Volumes9.10Mn. MTProduction
** 9.86Mn. MTCapacity
FY01
* Capacity increased by 0.5 Mn.MT in June 01** Capacity as on 31.03.01
51
Cement (Contd..)
Highlights –! Capacity utilisation at 99% ! Sales volume grew by 3%
" Sales volumes up in South 22% and East 9%; but down in West 6% and North 2%#Better penetration into new Southern market
! Average realisation up by 24% at Rs.2,046/MT reflecting better price environment prevailing across regions
! Operating margin improved substantially from 8% to 27%
52
Textiles
(6)
81
Q1FY01
(2)
77
Q1FY02
(5)
% Chg.
%
Rs.Crs.
(7)PBIDT Margin*
306Divisional Revenue
FY01
Highlights! Divisional performance remained subdued! Fabrics (64% of revenue) remained under pressure
" Sluggish market condition" Intense price competition and inflow of spurious materials" Increased cheap imports
! Operating margins remain negative due to higher promotional charges, sharp rise in input costs (fibre, yarn, power & fuel and labour) and lower volumes of synthetic & worsted yarn
* Before employees separation cost
53
Sponge Iron
16
5,631
106
180,489
174,312
900,000
Q1FY01
21
5,907
101
165,217
166,493
900,000
Q1FY02
5
(4)
(8)
(4)
% Chg.
21%PBIDT Margin
5,733Rs./MTAvg Realisation
401Rs. Crs.Net Turnover
673,852MTSales Volumes
663,998TPAProduction
900,000TPACapacity
FY01
54
Sponge Iron (Contd..)
Highlights –! Capacity utilisation marginally down from 77% to 74%
" Continued restricted Natural Gas supplies from GAIL" Use of Naptha discontinued since July 00 due to prohibitive
costs! Sales volumes lower by 8% ! Average realisation up by 5%
" Improved demand " Reduced competition in the domestic market
! Operating margin improved from 16% to 21%! Operating profit up 23% despite lower volume
55
Caustic Soda
Highlights –! Capacity utilisation scaled down to 55% due to water shortage ! Realisation improved in line with improved market conditions! Margin down at 18% mainly due to spread of fixed overheads on
lower volumesOperating profit down 54% from Rs.17 Crs. in Q1FY01 to Rs.8 Crs.in Q1FY02 due to the same reason
! Performance expected to be better in remaining quarters! Contribution from ancillary products down due to lower realisation
Q1FY02 Q1FY01 %Chg.Chlorine – Realisation (Rs./MT) 2,780 4,993 (44) Hcl – Realisation (Rs./MT) 697 4,119 (83)
2861
10,26534,60732,893
160,600Q1FY01
1844
15,13920,58821,950
160,600Q1FY02
(27)47
(41)(33)
% Chg.
32%PBIDT Margin245Rs. Crs.Net Turnover
11,085Rs./MTAvg Realisation133,450MTNet Turnover131,253MTProduction160,600MTCapacity
FY01
56
Production Data (MT)
77
59
108
82
125
95
%
174,312
53,173
2.46
32,893
18,143
52,395
Production
900,000
360,000
9.10
160,600
58,000
220,775
CapacityTPA
Q1FY01
74
54
99
55
126
59
%
1,66,493
54,211
2.57
21,950
18,267
32,757
Production
900,000
400,000
$ 10.36
160,600
58,000
220,775
CapacityTPA
Q1FY02
74663,998900,000Sponge Iron
70251,594# 4,00,000White Cement
1009.10# 9.86Grey Cement **
82131,2531,60,600Chemical
12069,72958,000Pulp
99218,847220,775VSF *
%ProductionCapacity
TPA
FY01
* Excluding installed capacity of Fibre (26,000TPA) and Pulp (72,000 TPA) at Mavoor, closed since May 99.* * Grey Cement numbers are in Mn. MT.# Capacity as on 31-03-01 $ Capacity increased by 0.5 Mn. MT in June01
57
Divisional Turnover – Qty & Realisation
180,489
52,765
2.47
34,607
18,405
53,308
Q1 FY01
165,217
53,502
2.55
20,588
13,419
39,011
Q1FY02
5,7335,6315,907673,852Sponge Iron
5,2685,1105,251251,291White Cement
1,8941,6462,0469.16Grey Cement**
11,08510,26515,139133,450Chemical
22,50022,45023,91470,148Pulp *
69,73366,04872,590203,854VSF *
FY01Q1 FY01
Q1FY02FY01
Realisation (Rs. /MT)Quantity (MT)
Product
* Excluding installed capacity of Fibre (26,000 TPA) and Pulp (72,000 TPA) at Mavoor, closed since May 99.
** Grey Cement numbers are in Mn. MT.