Investor Relations
Unaudited Financial Results For The Quarter Ended 30th September 2009
   
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            Rs. in Crore
Sr. No. Particulars 3 months ended 30/09/2009 Corresponding 3 months ended in the previous year 30/09/2008 Half Year ended 30th Sept.,2009 Half Year ended 30th Sept.,2008 Year ended 31st March, 2009
     Unaudited Unaudited Unaudited Unaudited Audited
1 Gross Sales/ Income from Operations 449.86 749.80 868.83 1,323.99 2,308.45
   
  Less : Inter Segment Transfers 122.61 278.67 250.96 455.04 799.57
     Inter Division Transfers 22.66 31.34 39.16 55.07 103.36
    Excise Duty 20.05 37.94 38.25 74.67 120.96
     
  (a) Net Sales/ Income from Operations 284.54 401.85 540.46 739.21 1,284.56
  (b) Other Operating Income 2.35 6.29 3.37 9.38 15.69
  Total Income (a+b) 286.89 408.14 543.83 748.59 1,300.25
     
2. Expenditure  
  (a) (Increase) / Decrease in Stock-in-trade and 8.60 (49.85) (1.87) (48.54) (14.83)
  Work in progress          
  (b) Consumption of Raw Materials 116.50 259.02 228.14 449.51 658.82
  (c) Direct Expenditure :          
  (i) Energy 49.06 55.00 92.12 101.04 170.53
  (ii)Other Direct Expenditure 40.56 55.89 74.78 90.81 156.69
  (d) Employees Costs 19.91 17.92 38.98 36.51 77.48
  (e) Depreciation & Amortisation 14.32 13.69 28.22 27.52 55.82
  (f) Other Expenditure 3.56 3.77 7.21 6.28 14.48
  (g)Total ( a to f ) 252.51 355.44 467.58 663.13 1,118.99
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 34.38 52.70 76.25 85.46 181.26
4 Other Income 1.32 2.61 2.74 8.30 14.13
5 Profit before Interest and Finance 35.70 55.31 78.99 93.76 195.39
  Charges ( 3+4)
6 Interest and Finance Charges 19.05 20.59 39.01 37.52 82.46
   
7 Profit after Interest and Finance Charges but before 16.65 34.72 39.98 56.24 112.93
  Foreign Exchange (Gain)/ Loss and tax (5-6)          
8 Foreign Exchange (Gain) / Loss (1.05) 14.48 (2.29) 25.85 56.95
9 Profit from Ordinary Activities before tax (7- 8) 17.70 20.24 42.27 30.39 55.98
10 Tax expenses - 0.09 - 0.18 (0.25)
11 Net Profit from Ordinary Activities after tax (9-10) 17.70 20.15 42.27 30.21 56.23
             
12 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 73.25 73.25 73.25 72.25 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) 1.21 1.38 2.89 2.06 3.84
15 Public Shareholding          
  Number of Shares 71618845 73264622 71618845 73264622 71710239
  Percentage of Shareholding 48.89% 50.01% 48.89% 50.01% 48.95%
16 Promoters and promoter group shareholding          
  (a) Pledged / Encumbered          
  Number of Shares 1450000 N.A. 1450000 N.A. 6909362
  Percentage of Shares ( as a % of the total shareholding 1.94% N.A. 1.94% N.A. 9.24%
  of promoter and Promoter group )          
  Percentage of Shares ( as a % of the total share 0.99% N.A. 0.99% N.A. 4.72%
  capital of the company )          
  (b) Non - Encumbered          
  Number of Shares 73432538 N.A. 73432538 N.A. 67881782
  Percentage of Shares ( as a % of the tota lshareholding 98.06% N.A. 98.06% N.A. 90.76%
  of promoter and Promoter group )          
  Percentage of Shares ( as a % of the total share 50.12% N.A. 50.12% 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 half year , the Company has not utilised any amount out of the proceeds from Foreign Currency Convertible
  Bonds towards objects of the issue.
3 During the current quarter shutdown was taken for about one month at Baramati plant to facilitate changeover to higher capacity furnace.
4 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 .Similarly the Company has
  followed standard cost for valuation of raw material, work in progress and finished goods to even out the volatility in metallic prices.
5 Provision for deferred tax for the current quarter and half year has not been considered and the same shall be reviewed in final accounts.
6 As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter 4 investor complaints
  were receivedand 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 28th October,2009.
   
 
 
  For ISMT Limited
   
Place : Pune Rajiv Goel
Date : 28th October, 2009 Chief Financial Officer
 
 
   
 
 
 
 
 
 
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