Investor Relations
Unaudited Financial Results For The Quarter Ended 30th June, 2008
   
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Sr. No. Particulars 3 Months Ended 30/06/2008 Corresponding 3 Months Ended in the Previous Year 30/06/2007 Year Ended 31st March, 2008
     Unaudited Unaudited Unaudited
1 Gross Sales/ Income from Operations 576.38 481.52 2,063.20
   
  Less : Inter Segment Transfers 176.37 153.72 637.36
     Inter Division Transfers 23.73 24.59 102.28
    Excise Duty 36.73 32.55 131.90
   
2 Net Sales/ Income from Operations 339.55 270.66 1,191.66
3 Other Income 6.59 1.14 18.11
4 Total Income (2+3) 346.14 271.80 1,209.77
5 Expenditure
  (a) (Increase) / Decrease in Stock-in-trade and 1.30 (10.86) 1.58
  Work in progress      
  (b) Consumption of Raw Materials 190.49 133.53 570.75
  (c) Direct Expenditure :      
  (i) Energy 46.05 41.70 173.63
  (ii)Other Direct Expenditure 34.91 34.59 152.07
  (d) Employees Costs 18.59 16.00 71.59
  (e) Depreciation & Amortisation 13.84 13.61 55.20
  (f) Other Expenditure 2.51 3.76 15.06
  (g)Total ( a to f ) 307.69 232.33 1,039.88
   
6 Interest and Finance Charges 16.93 18.33 66.47
   
7 Profit from Ordinary Activities before Foreign Exchange (Gain)/ Loss and tax (4)-(5+6) 21.52 21.14 103.42
8 Foreign Exchange (Gain) / Loss 11.38 (7.12) (24.38)
9 Profit from Ordinary Activities before tax (4)-(5+6+8) 10.14 28.26 127.80
10 Tax expenses 0.09 5.81 19.61
11 Net Profit from Ordinary Activities after tax (9-10) 10.05 22.45 108.19
         
12 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 73.25 72.19 73.25
13 Reserves excluding Revaluation Reserves as per - - -
Balance Sheet of previous accounting year.      
14 Earnings per share
  Basic and Diluted Earnings per Share (Rs)(not annualised) 0.69 1.55 7.38
15 Public Shareholding      
  Number of Shares 73808802 74851411 73700958
  Percentage of Shareholding 50.38% 51.84% 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 17, the Company is classifying Steel also as a separate Segment.
2 During the current quarter 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,5 investor
complaints were received and same were redressed .
4 Tax expenses do not include provision for deferred tax for the current quarter and the same shall be reviewed at the year end , if any.
5 The comparative figures are regrouped and reclassified to meet the current quarter's classification.
  volatility in metallic prices.
 
  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 31st July,2008 .
 
 
  For ISMT Limited
   
Place : Pune Rajiv Goel
Date : 31st July, 2008 Chief Financial Officer
 
 
   
 
 
 
 
 
 
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