Investor Relations
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st March, 2010
   
1
2
3
4
    Rs. in Crore Rs. in Crore Rs. in Crore Rs. in Crore
Sr. No. Particulars 3 months ended 31/03/2010 Corresponding 3 months ended in the previous year 31/03/2009 Year ended 31st March, 2010 Year ended 31st March, 2009
         Unaudited Audited
1 Gross Sales/ Income from Operations 561.92 421.89 1,914.20 2,308.45
   
  Less : Inter Segment Transfers 157.10 146.73 544.14 799.57
     Inter Division Transfers 36.95 14.30 97.97 103.36
    Excise Duty 27.33 17.70 86.96 120.96
   
  (a) Net Sales/ Income from Operations 340.54 243.16 1,185.13 1,284.56
  (b) Other Operating Income 2.65 1.73 8.13 15.69
  Total Income (a+b) 343.19 244.89 1,193.26 1,300.25
   
2. Expenditure
  (a) (Increase) / Decrease in Stock-in-trade and (22.57) 6.13 (26.90) (14.83)
  Work in progress        
  (b) Consumption of Raw Materials 160.45 106.32 527.41 658.82
  (c) Direct Expenditure :        
  (i) Energy 63.54 32.86 214.95 170.53
  (ii)Other Direct Expenditure 56.61 24.30 173.56 156.69
  (d) Employees Costs 22.85 21.10 81.55 77.48
  (e) Depreciation & Amortisation 14.20 13.95 56.80 55.82
  (f) Other Expenditure 5.16 4.08 16.05 14.48
  (g)Total ( a to f ) 300.24 208.74 1,043.42 1,118.99
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 42.95 36.15 149.84 181.26
4 Other Income 7.40 3.43 11.42 14.13
5 Profit before Interest and Finance Charges ( 3+4) 50.35 39.58 161.26 195.39
6 Interest and Finance Charges 20.31 22.58 78.65 82.46
   
7 Profit after Interest and Finance Charges but before 30.04 17.00 82.61 112.93
  Foreign Exchange (Gain)/ Loss and tax (5-6)        
8 Foreign Exchange (Gain) / Loss (3.73) 4.03 (8.50) 56.95
9 Profit from Ordinary Activities before tax (7- 8) 33.77 12.97 91.11 55.98
10 Tax expenses 17.76 0.50 17.76 (0.25)
11 Net Profit from Ordinary Activities after tax (9-10) 16.01 12.47 73.35 56.23
           
12 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 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) 1.09 0.85 5.01 3.84
15 Public Shareholding        
  Number of Shares 71468845 71710239 71468845 71710239
  Percentage of Shareholding 48.78% 48.95% 48.78% 48.95%
           
16 Promoters and promoter group shareholding        
  (a) Pledged / Encumbered        
  Number of Shares 775000 6909362 775000 6909362
  Percentage of Shares ( as a % of the total shareholding of promoter 1.03% 9.24% 1.03% 9.24%
  and Promoter group )        
  Percentage of Shares ( as a % of the total share capital of the 0.53% 4.72% 0.53% 4.72%
  company )        
  (b) Non - Encumbered        
  Number of Shares 74257538 67881782 74257538 67881782
  Percentage of Shares ( as a % of the total shareholding of promoter 98.97% 90.76% 98.97% 90.76%
  and Promoter group )        
  Percentage of Shares ( as a % of the total share capital of the 50.69% 46.33% 50.69% 46.33%
  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 year ended as on 31st March ,2010 , the Company has not utilised any amount out of the proceeds from
  Foreign Currency Convertible Bonds towards objects of the issue.
3 The Board of Directors at its meeting held today has declared commencement of commercial production of the Expansion Project
at Baramati with effect from May 8,2010.
4 As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter 15 investor complaints
  were received and same were redressed.
5 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 8th May, 2010 and also been reviewed by the Auditors.
   
 
 
  For ISMT Limited
   
Place : Pune Rajiv Goel
Date : 8th May, 2010 Chief Financial Officer
 
 
   
 
 
 
 
 
 
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