national steel & agro indust (NTSI) Snapshot

National Steel and Agro Industries Ltd. has informed that there is a change in directorate of the company due to the resignation of Shri Kailash Chandra Shahra from the post of Chairman and Director of the company and consequently Mr. Santosh Shahra, Managing Director of the company is appointed as the Chairman of the company.

National Steel and Agro Industries Ltd. announced that the board has recommended payment of preference dividend of INR 4 per share that is 4% on 5,501,022 redeemable cumulative preference share of INR 100 each, subject to the approval of shareholders at the ensuing annual general meeting of the company.

National Steel and Agro Industries Ltd. reported audited earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company’s net sales\income from operations (net of excise duty) was INR 12,590.4 million against INR 9,220.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 451.9 million against INR 352.6 million a year ago. Profit from ordinary activities before tax was INR 94.1 million against INR 98.4 million a year ago. Net profit was INR 67.3 million or INR 0.94 basic and diluted per share against INR 79.2 million or INR 1.20 basic and diluted per share a year ago. For the year, the consolidated company’s net sales\income from operations (net of excise duty) was INR 36,182.0 million against INR 29,117.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,495.7 million against INR 1,366.0 million a year ago. Profit from ordinary activities before tax was INR 370.5 million against INR 340.6 million a year ago. Net profit was INR 288.9 million or INR 5.92 basic and diluted per share against INR 287.4 million or INR 5.88 basic and diluted per share a year ago.