IRIL Cover Sheet Results FY02 .XLS - Aditya Birla Nuvo, Ltd
IRIL Cover Sheet Results FY02 .XLS - Aditya Birla Nuvo, Ltd
IRIL Cover Sheet Results FY02 .XLS - Aditya Birla Nuvo, Ltd
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VFY – Performance ReviewqqManagement initiatives to improve quality, acquire premium market and cost efficienciesgave excellent results in first half67 days illegal strike impacted operations, which have subsequently been stabilisedrecording highest quality level in Mar-02q In Q4 FY 02‣ Plant restarted on 21st Jan.,and stabilised operations by end-Feb.‣ Restart costs dragged business profits significantly‣ Power plant breakdown resulted in poor performance of Chemicals businessqPerformance for full year skewed‣ Production down 21% to 12,253 tonnes, limiting sales volumes‣ Sales down 16% YoY to 12,812 tonnesv Exports maintained consciously to protect long term interestsv Domestic volumes lower by 20% YoYqVFY average realisation improved by 8% YoY‣ Benefiting from better quality & changing product mix – in the first three quartersv Domestic realisation higher by 9%qqPositive factors‣ Softening of global pulp prices and good monsoon improving water availability at VeravalBusiness margins declined from 22.5% to 21.3% due to lower volumes and exceptional costs22