Investor Relations
Audited Financial Results For The Quarter Ended 30th September, 2008
   
1
2
3
4
5
            Rs. in Crore
Sr. No. Particulars 3 Months Ended 30/09/2008 Corresponding 3 Months Ended in the Previous Year 30/09/2007 Half Year Ended 30th Sept.,2008 Half Year Ended 30th Sept.,2007 Year Ended 31st March, 2008
     Unaudited Unaudited Unaudited Unaudited Audited
1 Gross Sales/ Income from Operations 749.8 525.67 1,323.99 1,004.78 2,051.24
   
  Less : Inter Segment Transfers 278.67 164.40 455.04 318.13 637.36
     Inter Division Transfers 31.34 24.73 55.07 49.31 102.28
    Excise Duty 37.94 34.08 74.67 66.64 131.89
     
  (a) Net Sales/ Income from Operations 401.85 302.46 739.21 570.70 1,179.71
  (b) Other Operating Income 6.29 3.30 9.38 5.72 11.83
  Total Income (a+b) 408.14 305.76 748.59 576.42 1,191.54
     
2. Expenditure  
  (a) (Increase) / Decrease in Stock-in-trade and (49.85) 4.39 (48.54) (6.46) (0.72)
  Work in progress          
  (b) Consumption of Raw Materials 259.02 139.39 449.51 272.01 570.44
  (c) Direct Expenditure :          
  (i) Energy 55.00 43.32 101.04 85.03 173.64
  (ii)Other Direct Expenditure 55.89 40.37 90.81 75.85 152.28
  (d) Employees Costs 17.92 15.32 36.51 31.32 73.35
  (e) Depreciation & Amortisation 13.69 13.71 27.52 27.32 55.29
  (f) Other Expenditure 3.77 4.25 6.28 8.01 15.29
  (g)Total ( a to f ) 355.44 260.75 663.13 493.08 1,039.57
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 52.70 45.01 85.46 83.34 151.97
4 Other Income 2.61 0.93 8.30 2.07 18.37
5 Profit before Interest and Finance Charges ( 3+4) 55.31 45.94 93.76 85.41 170.34
6 Interest and Finance Charges 20.59 18.50 37.52 36.83 66.50
   
7 Profit after Interest and Finance Charges but before 34.72 27.44 56.24 48.58 103.84
  Foreign Exchange (Gain)/ Loss and tax (5-6)          
8 Foreign Exchange (Gain) / Loss 14.48 (8.39) 25.85 (15.51) (22.26)
9 Profit from Ordinary Activities before tax (7- 8) 20.24 35.83 30.39 64.09 126.10
10 Tax expenses 0.09 7.07 0.18 12.88 26.06
11 Net Profit from Ordinary Activities after tax (9-10) 20.15 28.76 30.21 51.21 100.04
             
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 and Diluted Earnings per Share (Rs) ( not annualised) 1.38 1.99 2.06 3.55 6.92
15 Public Shareholding          
  Number of Shares 73264622 74816341 73264622 74816341 73700958
  Percentage of Shareholding 50.01% 51.81% 50.01% 51.81% 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 half year, 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,14 investor complaints were
received and same were redressed .
4 Tax expenses do not include provision for deferred tax for the current quarter and half year, the same shall be reviewed at the year end .
5 In order to even out exchange volatility, the Company has worked out exchange difference based on average rate of exchange prevailing at the
  end of last two quarters and the exchange loss arrived at the end of the quarter in respect of foreign currency loans is being charged on
  pro rata basis over the current and balance quarters of the year. The Company has adjusted the foreign currency exchange difference on
  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 Company has adopted standard cost for valuation of raw material,work -in-process and finished goods for its tube segment to offset the
  volatility in metallic prices.
 
7 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 October,2008 and also been reviewed by the Auditors'.
 
 
  For ISMT Limited
   
Place : Pune Rajiv Goel
Date : 31st October, 2008 Chief Financial Officer
 
 
   
 
 
 
 
 
 
© 2011 ISMT Ltd. All Rights Reserved.