Investor Relations
Audited Financial Results For The Quarter Ended 31st March, 2008
   
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          Rs. in Crore
Sr. No. Particulars 3 Months Ended 31/03/2008 Corresponding 3 Months Ended in The Previous Year 31/03/2007 Year Ended 31st March 2008 Year Ended 31st March, 2007
     Audited Audited Audited Audited
1 Gross Sales/ Income from Operations 525.54 524.94 2,063.20 2056.06
   
  Less : Inter Segment Transfers 167.75 176.63 637.36 632.52
     Inter Division Transfers 23.46 22.14 102.28 88.17
    Excise Duty 32.92 35.21 131.90 138.23
    __________ __________ __________ _________
2 Net Sales/ Income from Operations 319.30 290.96 1,191.61 1197.14
3 Other Income 1.13 0.94 18.11 3.63
4 Total Income (2+3) 320.43 291.90 1,209.77 1200.77
5. Expenditure        
  (a) (Increase) / Decrease in Stock-in-trade and Work        
  in Progress) 20.06 15.49 1.58 3.82
  (b) Consumption of Raw Materials 138.91 154.99 570.75 532.33
  (c) Direct Expenditure :        
  (i) Energy 43.88 41.78 173.63 165.10
  (ii)Other Direct Expenditure 41.22 30.90 152.07 151.40
  (d) Employees Costs 18.81 15.49 71.59 62.54
  (e) Depreciation & Amortisation 13.91 13.20 55.20 59.75
  (f) Other Expenditure 3.41 4.24 15.06 17.04
    __________ __________ __________ __________
  (g)Total ( a to f ) 280.20 235.55 1,039.88 991.98
   
6 Interest and Finance Charges 8.44 14.19 42.09 71.13
   
7 Profit from Ordinary Activities before tax (4)-(5+6) 31.79 42.16 127.80 137.66
   
8 Tax expenses 6.58 4.86 19.61 7.54
   
9 Net Profit from Ordinary Activities after tax (7-8) 25.21 37.30 108.19 130.12
           
10 Paid-up Equity Share Capital (Face Value of Rs.5/- pershare) 72.20 72.19 73.25 72.19
11 Reserves excluding Revaluation Reserves as per Balance        
  Sheet of previous accounting year. - - - 398.04
12 Earnings per share        
  Basic Earnings per Share ( Rs. ) (Not annualised) 1.75 2.58 7.38 9.01
  Diluted Earnings per Share ( Rs. ) (Not annualised) 1.74 - - -
           
13 Public Shareholding        
  Number of Shares 75026309 75115068 73700958 74843678
  Percentage of Shareholding 51.96% 52.03% 50.31% 51.84%
           
  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 The Company has during the Quarter utilised Rs Nil and for the nine months Ended on 31st December,2007 has utilised Rs.27.83 Crore
  out of the proceeds from Foreign Currency Convertible Bonds ( FCCB) towards objects of the FCCB issue.
3 As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter, 23 investor complaints
4 As per the policy of the Company exchange gain in respect of foreign currency loans has been spread over the entire year and the proportionate amount is recognised in
  the current quarter to reflect appropriate results.
5 The Company on 18th December,2007 has allotted 57,50,000 Warrants ( each warrant convertible into one equity share at a price of Rs. 91.80 ) to the promoters group
  in terms of the Special Resolution passed at its Annual General Meeting held on 29th November,2007.
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 31st January,2008 and also
  been reviewed by the Auditors.
 
  For ISMT Limited
   
  Rajiv Goel
  Chief Financial Officer
Place : Pune  
Date : 31st January, 2008  
   
 
 
 
 
 
 
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