| 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. | ||||||||||||||||||||
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