Investor Relations
Unaudited Financial Results For The Quarter Ended 30th June, 2010
   
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Sr. No. Particulars 3 months ended 30/06/2010 Corresponding 3 months ended in the previous year 30/06/2009 Year ended 31st March, 2010
     Unaudited Unaudited Unaudited
1 Gross Sales/ Income from Operations 571.70 418.97 1,914.20
   
  Less : Inter Segment Transfers 160.93 128.35 544.14
     Inter Division Transfers 39.72 16.50 97.97
    Excise Duty 28.59 18.20 86.96
   
  (a) Net Sales/ Income from Operations 342.46 255.92 1,185.13
  (b) Other Operating Income 3.82 1.02 8.13
  Total Income (a+b) 346.28 256.94 1,193.26
2 Expenditure
  (a) (Increase) / Decrease in Stock-in-trade and (40.91) (10.47) (26.90)
  Work in progress      
  (b) Consumption of Raw Materials 183.55 111.64 527.41
  (c) Direct Expenditure :      
  (i) Energy 63.52 43.06 214.95
  (ii)Other Direct Expenditure 60.20 34.22 173.56
  (d) Employees Costs 22.26 19.07 81.55
  (e) Depreciation & Amortisation 17.60 13.90 56.80
  (f) Other Expenditure 3.66 3.65 16.05
  (g)Total ( a to f ) 309.88 215.07 1,043.42
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 36.40 41.87 149.84
4 Other Income 4.69 1.42 11.42
5 Profit before Interest and Finance Charges (3+4) 41.09 43.29 161.26
5 Interest and Finance Charges 19.28 19.96 78.65
   
7 Profit after Interest and Finance Charges but before Foreign Exchange (Gain)/ Loss and tax ( 5-6 ) 21.81 23.33 82.61
8 Foreign Exchange (Gain) / Loss 3.40 (1.24) (8.50)
9 Profit from Ordinary Activities before tax (7- 8) 18.41 24.57 91.11
10 Tax expenses - - 17.76
11 Net Profit from Ordinary Activities after tax (9-10) 18.41 24.57 73.35
         
12 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 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 and Diluted Earnings per Share (Rs)(not annualised) 1.26 1.68 5.01
15 Public Shareholding      
  Number of Shares 71328845 71665840 71468845
  Percentage of Shareholding 48.69% 48.92% 48.78%
16 Promoters and promoter group shareholding
  (a) Pledged / Encumbered
  Number of Shares 775000 3600000 775000
  Percentage of Shares ( as a % of the total shareholding of promoter and Promoter group ) 1.03% 4.81% 1.03%
  Percentage of Shares ( as a % of the total share capital of the company ) 0.53% 2.46% 0.53%
  (b) Non - Encumbered
  Number of Shares 74397538 71235543 74257538
  Percentage of Shares ( as a % of the total shareholding of promoter and Promoter group) 98.97% 95.19% 98.97%
Percentage of Shares ( as a % of the total share capital of the company ) 50.78% 48.62% 50.69%
   
  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 ended as on 30th June,2010 , 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 and accordingly ,the exchange differences on foreign currency monetary items are being accounted.
4 Tax expenses do not include provision for deferred tax for the current quarter and the same shall be reviewed at the year end.
5 As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter 7 investor complaints were received and same were redressed.
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 29th July,2010 and also been reviewed by the Auditors.
 
 
 
  For ISMT Limited
   
Place : Mumbai Rajiv Goel
Date : 29th July, 2010 Chief Financial Officer
 
 
   
 
 
 
 
 
 
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