Company Profile For Ispat Industries Ltd

Ispat Industries Ltd (ISPT.BO) (Bombay Stock Exchange)

sector: Basic Materials · industry: Steel ·

As of 24 Nov 2009

20.45INR

Price Change

-0.45

Percent Change

-2.15%

Analyst Recommendations

Overview

Ispat Industries Limited is an India-based company. The principal activities of the Company are to carry on the business of importers, exporters of steel, textiles and other related items and commission agents. The Company is primarily engaged in the business of manufacture and sale of iron and steel products. It operates in three segments: steel, which consists of manufacture and sale of iron and steel products; landed property, which consists of commercial development of a property for sale, and others, which consists mainly of generation and sale of power. Its subsidiaries include Ispat Energy Ltd., Nippon Ispat Singapore (Pte.) Ltd., Ispat Jarkhand Steels Ltd., Arima Holdings Ltd., Erebus Ltd. and Lakeland Securities Ltd.

Quick Financial Synopsis

BRIEF: For the fiscal year ended 31 March 2009, Ispat Industries Ltd.'s revenues decreased 1% to RS85.38B. Net loss totaled RS6.89B, up from RS482.8M. Revenues reflects the absence of revenue from property development segment. Higher loss reflects an increase in consumption of raw materials, higher power & fuel cost, an increase in employee cost, higher depreciation cost and an increase in interest expenses.