Investor Relations
Unaudited Financial Results For The Quarter Ended 31st December 2009
   
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            Rs. in Crore
Sr. No. Particulars Three Months Ended 31st Dec., 2009 Corresponding Three Months Ended in the previous Year 31st Dec., 2008 Nine Months Ended 31st Dec., 2009 Nine Months Ended 31st Dec., 2008 Year Ended 31st March, 2009
     Unaudited Unaudited Unaudited Unaudited Audited
1 Gross Sales/ Income from Operations 483.43 562.60 1,352.28 1,886.59 2,308.45
   
  Less : Inter Segment Transfers 136.07 197.80 387.04 652.84 799.57
     Inter Division Transfers 21.86 33.98 61.02 89.05 103.36
    Excise Duty 21.37 28.67 59.63 103.34 120.96
     
  (a) Net Sales/ Income from Operations 304.13 302.15 844.59 1,041.36 1,284.56
  (b) Other Operating Income 2.11 5.50 5.48 14.88 15.69
  Total Income (a+b) 306.24 307.65 850.07 1,056.24 1,300.25
     
2 Expenditure  
  (a) (Increase) / Decrease in Stock-in-trade and (2.46) 32.68 (4.33) (15.86) (14.83)
  Work in progress          
  (b) Consumption of Raw Materials 138.82 105.02 366.96 557.08 658.82
  (c) Direct Expenditure :          
  (i) Energy 59.29 36.93 151.41 137.97 170.53
  (ii)Other Direct Expenditure 42.17 42.17 116.95 132.98 156.69
  (d) Employees Costs 19.72 19.35 58.70 55.86 77.48
  (e) Depreciation & Amortisation 14.38 14.08 42.60 41.60 55.82
  (f) Other Expenditure 3.68 4.05 10.89 10.33 14.48
  (g)Total (a to f) 275.60 254.28 743.18 919.96 1,118.99
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 30.64 53.37 106.89 136.28 181.26
4 Other Income 1.28 1.62 4.02 9.92 14.13
5 Profit before Interest and Finance 31.92 54.99 110.91 146.20 195.39
  Charges (3+4)
6 Interest and Finance Charges 19.33 20.24 58.34 55.21 82.46
   
7 Profit after Interest and Finance Charges but before 12.59 34.75 52.57 90.99 112.93
  Foreign Exchange (Gain)/ Loss and tax (5-6)          
8 Foreign Exchange (Gain) / Loss (2.48) 14.91 (4.77) 40.76 56.95
9 Profit from Ordinary Activities
before tax (7- 8)
15.07 19.84 57.34 50.23 55.98
10 Tax expenses -- 0.31 -- 0.49 (0.25)
11 Net Profit from Ordinary Activities after tax (9-10) 15.07 19.53 57.34 49.74 56.23
             
12 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 73.25 73.25 73.25 73.25 73.25
13 Reserves excluding Revaluation Reserves as per -- -- -- -- 453.11
Balance Sheet of previous accounting year.          
14 Earnings per share  
  Basic Earnings per Share (Rs.) (not annualised) 1.03 1.33 3.91 3.40 3.84
15 Public Shareholding          
  Number of Shares 71523845 72188523 71523845 72188523 71710239
  Percentage of Shareholding 48.82% 49.27% 48.82% 49.27% 48.95%
16 Promoters and promoter group shareholding          
  (a) Pledged / Encumbered          
  Number of Shares 775000 N.A. 775000 N.A. 6909362
  Percentage of Shares (as a % of the total shareholding 1.03% N.A. 1.03% N.A. 9.24%
  of promoter and Promoter group)          
  Percentage of Shares (as a % of the total 0.53% N.A. 0.53% N.A. 4.72%
  share capital of the company)          
  (b) Non - Encumbered          
  Number of Shares 74202538 N.A. 74202538 N.A. 67881782
  Percentage of Shares (as a % of the total shareholding 98.97% N.A. 98.97% N.A. 90.76%
  of promoter and Promoter group)          
  Percentage of Shares (as a % of the total share 50.65% N.A. 50.65% N.A. 46.33%
  capital of the company)          
             
  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,2009 , the Company has not utilised any amount out of the proceeds
  from Foreign Currency Convertible Bonds towards objects of the issue.
3 The Company has adopted the amended Accounting Standard ( AS-11 ) as notified by Government of India. The exchange differences on foreign
  currency monetary items are being accounted on pro -rata basis in the current and balance quarters .
4 Operations of the Company at Baramati plant were affected during October 2009 due to startup of new higher capacity furnace.
5 Tax expenses do not include provision for deferred tax for the current quarter and nine months ended as on 31st December, 2009 ,
  the same shall be reviewed at the year end.
6 As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter 12 investor complaints were
  received and same were redressed .
7 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 30th January, 2010 and also been reviewed by the Auditors'.
   
 
 
  For ISMT Limited.
   
Place : Pune. Rajiv Goel.
Date : 30th January, 2010. Chief Financial Officer.
 
 
   
 
 
 
 
 
 
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