Investor Relations
Unaudited Financial Results For The Quarter Ended 31st December, 2008
   
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            Rs. in Crore
Sr. No. Particulars 3 Months Ended 31/12/2008 Corresponding 3 Months Ended in the previous year 31/12/2007 9 Months Ended 31st Dec.,2008 9 Months Ended 31st Dec.,2007 Year Ended 31st March, 2008
     Unaudited Unaudited Unaudited Unaudited Audited
1 Gross Sales/ Income from Operations 562.60 523.28 1,886.59 1,528.07 2,051.24
   
  Less : Inter Segment Transfers 197.80 151.48 652.84 469.61 637.36
     Inter Division Transfers 33.98 23.46 89.05 72.78 102.28
    Excise Duty 28.67 32.92 103.34 99.55 131.89
     
  (a) Net Sales/ Income from Operations 302.15 315.42 1.041.36 886.13 1,179.71
  (b) Other Operating Income 5.50 3.88 14.88 9.59 11.83
  Total Income (a+b) 307.65 319.30 1,056.24 895.72 1,191.54
     
2. Expenditure  
  (a) (Increase) / Decrease in Stock-in-trade and 32.68 20.06 (15.86) 13.60 (0.72)
  Work in progress          
  (b) Consumption of Raw Materials 105.02 138.91 557.08 413.65 570.44
  (c) Direct Expenditure :          
  (i) Energy 36.93 43.88 137.97 128.90 173.64
  (ii)Other Direct Expenditure 42.17 41.22 132.98 114.35 152.28
  (d) Employees Costs 19.35 18.81 55.86 50.14 73.35
  (e) Depreciation & Amortisation 14.08 13.91 41.60 41.23 55.29
  (f) Other Expenditure 4.05 3.41 10.33 11.41 15.29
  (g)Total ( a to f ) 254.28 280.20 919.96 773.28 1,039.57
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 53.37 39.10 136.28 122.44 151.97
4 Other Income 1.62 1.13 9.92 3.20 18.37
5 Profit before Interest and Finance 54.99 40.23 146.20 125.64 170.34
  Charges ( 3+4)
6 Interest and Finance Charges 20.24 17.58 55.21 54.40 66.50
   
7 Profit after Interest and Finance Charges but before 34.75 22.65 90.99 71.24 103.84
  Foreign Exchange (Gain)/ Loss and tax (5-6)          
8 Foreign Exchange (Gain) / Loss 14.91 (9.14) 40.76 (24.64) (22.26)
9 Profit from Ordinary Activities before tax (7- 8) 19.84 31.79 50.23 95.88 126.10
10 Tax expenses 0.31 6.58 0.49 19.46 26.06
11 Net Profit from Ordinary Activities after tax (9-10) 19.53 25.21 49.74 76.42 100.04
             
12 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 73.25 72.20 73.25 72.20 73.25
13 Reserves excluding Revaluation Reserves as per - - - - 463.39
Balance Sheet of previous accounting year.          
14 Earnings per share  
  Basic Earnings per Share (Rs) ( not annualised) 1.33 1.75 3.40 5.29 6.92
  Diluted Earnings per Share (Rs) ( not annualised) 1.33 1.74 3.40 5.28 6.92
15 Public Shareholding          
  Number of Shares 72188523 75026309 72188523 75026309 73700958
  Percentage of Shareholding 49.27% 51.96% 49.27% 51.96% 50.31%
  Notes :
   
1 The Company is primarily a Seamless tube producer with captive steel making facilities.However in order to comply with
  Accounting Standard ( AS) 17, the Company is classifying Steel also as a separate Segment.
2 During the current quarter and nine months Ended as on 31st December,2008, the Company has not utilised any amount out of the proceeds
  from Foreign Currency Convertible Bonds towards objects of the issue.
3 As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter,6 investor complaints were
received and same were redressed .
4 Tax expenses do not include provision for deferred tax for the current quarter and nine months Ended as on 31st December,2008,
  the same shall be reviewed at the year end .
5 In order to even out exchange volatility, the Company has worked out exchange difference on foreign currency borrowings based on average
  rate of exchange prevailing at the beginning of the year and at the end of last three quarters and the same is being charged on pro rata basis in
  the current quarter . The Company has adjusted the foreign currency exchange difference amounts borrowed for acquisition of fixed assets to
  the carrying cost of fixed assets in compliance with Schedule VI to the Companies Act ,1956.
6 The comparative figures are regrouped and reclassified to meet the current quarter's classification.
 
 
  The above results were reviewed by the Audit committee and have been taken on record by the Board of Directors at their meeting held on
  20th January,2009 and also been reviewed by the Auditors.
   
   
 
 
  For ISMT Limited
   
Place : Pune Rajiv Goel
Date : 20th January, 2009 Chief Financial Officer
 
 
   
 
 
 
 
 
 
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