Investor Relations
Audited Financial Results For The Year Ended 31st March, 2010.
Rs. in Crore
   
1
2
3
4
   
Stand Alone
Consolidated
Sr. No. Particulars Year ended 31st March, 2010. Year ended 31st March, 2009. Year ended 31st March, 2010. Year ended 31st March, 2009.
            
1 Gross Sales/ Income from Operations 1,914.20 2,308.45 2,024.40 2,545.20
   
  Less : Inter Segment Transfers 544.14 799.57 544.14 799.57
    Inter Division Transfers 97.97 103.36 97.97 103.36
    Subsidiary Company Transfers - - 46.27 99.66
    Excise Duty 86.95 120.96 86.95 120.96
   
  (a) Net Sales/ Income from Operations 1,185.14 1,284.56 1,249.07 1,421.65
  (b) Other Operating Income 8.13 15.69 8.13 15.69
  Total Income (a+b) 1,193.27 1,300.25 1,257.20 1,437.34
   
2. Expenditure
  (a) (Increase) / Decrease in Stock-in-trade and (26.90) (14.83) (11.59) (16.80)
  Work in progress        
  (b) Consumption of Raw Materials 527.85 658.82 555.18 701.51
  (c) Direct Expenditure :        
  (i) Energy 214.71 170.53 220.12 178.15
  (ii)Other Direct Expenditure 173.62 156.69 185.70 190.74
  (d) Employees Costs 81.53 77.48 116.15 129.67
  (e) Depreciation & Amortisation 56.44 55.82 62.05 58.34
  (f) Other Expenditure 16.05 14.48 19.48 25.73
  (g)Total ( a to f ) 1,043.30 1,118.99 1,147.09 1,267.34
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 149.97 181.26 110.11 170.00
4 Other Income 11.40 14.13 18.67 22.00
5 Profit before Interest and Finance Charges ( 3+4) 161.37 195.39 128.78 192.00
6 Interest and Finance Charges 78.66 82.46 81.11 87.27
   
7 Profit after Interest and Finance Charges but before 82.71 112.93 47.67 104.73
  Foreign Exchange (Gain)/ Loss and tax (5-6)        
8 Foreign Exchange (Gain) / Loss (8.52) 56.95 (8.56) 57.23
9 Profit from Ordinary Activities before tax (7- 8) 91.23 55.98 56.23 47.50
10 Tax expenses 16.62 (0.25) 7.74 (0.25)
11 Net Profit from Ordinary Activities after tax (9-10) 74.61 56.23 48.49 47.75
12 Share of Minority Interest - - (6.80) (2.30)
12 Net Profit from Ordinary Activities after tax and Minority Interest (11-12) 74.61 56.23 55.29 50.05
13 Paid-up Equity Share Capital (Face Value of Rs.5/- per share) 73.25 73.25 73.25 73.25
14 Reserves excluding Revaluation Reserves as per 506.11 453.11 483.85 452.27
Balance Sheet of previous accounting year.        
15 Earnings per share
  Basic Earnings per Share (Rs) ( not annualised) 5.09 3.84 3.77 3.42
16 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 As per the Accounting Standard ( AS) 17, the Company has two segments viz. Seamless Tube and Steel.
2 The Consolidated financial statements have been prepared in accordance with Accounting Standard (AS) 21.
3 The Company during the year ended as on 31st March,2010, has not utilised any amount out of the proceeds fromForeign Currency Convertible
Bonds towards objects of the issue.
4 The Board of Directors at their meeting held on 28th September, 2010 has recommended final dividend of Rs. 1/- each per Equity Share
  for the financial year 2009-10.
5 The commercial production of the expanded steel making capacity has commenced with effect from September 27, 2010.
6 The comparative figures are regrouped and reclassified to meet the current year'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 September, 2010.
   
 
  For ISMT Limited.
   
Place : Pune. Rajiv Goel.
Date : 28th September, 2010. Chief Financial Officer.
 
   
 
 
 
 
 
 
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