Investor Relations
Unaudited Financial Results For The Quarter Ended 30th September, 2010
Rs. in Crore
Sr. No. Particulars Quarter ended 30th Sept.,2010 Quarter ended 30th Sept.,2009 Half Year ended 30th Sept.,2010 Half Year ended 30th Sept.,2009 Year ended 31st March, 2010.
              
1 Gross Sales/ Income from Operations 689.21 449.86 1,260.91 868.83 1,914.20
   
  Less : Inter Segment Transfers 202.84 122.61 363.77 250.96 544.14
    Inter Division Transfers 46.45 22.66 86.17 39.16 97.97
    Excise Duty 35.30 20.05 63.89 38.25 86.95
   
  (a) Net Sales/ Income from Operations 404.62 284.54 747.08 540.46 1,185.14
  (b) Other Operating Income 3.39 2.35 7.21 3.37 8.13
  Total Income (a+b) 408.01 286.89 754.29 543.83 1,193.27
   
2. Expenditure
  (a) (Increase) / Decrease in Stock-in-trade and (16.03) 8.60 (56.94) (1.87) (26.90)
  Work in progress          
  (b) Consumption of Raw Materials 182.02 116.50 365.57 228.14 527.85
  (c) Direct Expenditure :          
  (i) Energy 73.06 49.06 136.58 92.12 214.71
  (ii)Other Direct Expenditure 62.39 40.56 122.59 74.78 173.62
  (d) Employees Costs 22.16 19.91 44.42 38.98 81.53
  (e) Depreciation & Amortisation 20.28 14.32 37.88 28.22 56.44
  (f) Other Expenditure 3.83 3.56 7.49 7.21 16.05
  (g)Total ( a to f ) 347.71 252.51 657.59 467.58 1,043.30
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 60.30 34.38 96.70 76.25 149.97
4 Other Income 1.20 1.32 5.89 2.74 11.40
5 Profit before Interest and Finance Charges ( 3+4) 61.50 35.70 102.59 78.99 161.37
6 Interest and Finance Charges 22.06 19.05 41.34 39.01 78.66
   
7 Profit after Interest and Finance Charges but before 39.44 16.65 61.25 39.98 82.71
  Foreign Exchange (Gain)/ Loss and tax (5-6)          
8 Foreign Exchange (Gain) / Loss (0.33) (1.05) 3.07 (2.29) (8.52)
9 Profit from Ordinary Activities before tax (7- 8) 39.77 17.70 58.18 42.27 91.23
10 Tax expenses 15.66 - 15.66 - 16.62
11 Net Profit from Ordinary Activities after tax (9-10) 24.11 17.70 42.52 42.27 74.61
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 - - - - 506.11
Balance Sheet of previous accounting year.          
14 Earnings per share
  Basic Earnings per Share (Rs) ( not annualised) 1.65 1.21 2.90 2.89 5.09
15 Public Shareholding
  Number of Shares 71342562 71618845 71342562 71618845 71468845
Percentage of Shareholding 48.70% 48.89% 48.70% 48.89% 48.78%
16 Promoters and promoter group shareholding          
  (a) Pledged / Encumbered          
  Number of Shares 775000 1450000 775000 1450000 775000
  Percentage of Shares ( as a % of the total shareholding of promoter 1.03% 1.94% 1.03% 1.94% 1.03%
  and Promoter group )          
  Percentage of Shares ( as a % of the total share capital of the 0.53% 0.99% 0.53% 0.99% 0.53%
  company )          
  (b) Non - Encumbered          
  Number of Shares 74383821 73432538 74383821 73432538 74257538
  Percentage of Shares ( as a % of the total shareholding of promoter 98.97% 98.06% 98.97% 98.06% 98.97%
  and Promoter group )          
  Percentage of Shares ( as a % of the total share capital of the 50.77% 50.12% 50.77% 50.12% 50.69%
  company )          
             
  Notes :
   
1 As per Accounting Standard (AS) 17 , the Company has two segment viz ; Seamless Tube and Steel.
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 The Company has adopted the amended Accounting Standard ( AS-11 ) as notified by Government of India and accordingly , the exchange difference on foreign currency monetary items are being accounted.
4 As at the beginning and end of the quarter there were no outstanding investor complaints. During the quarter 17 investor complaints were received and same were redressed .
5 The auditors have conducted a " Limited Review " of the above financial results for the quarter ended 30th September, 2010.
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 15th November, 2010.
   
 
  For ISMT Limited.
   
Place : Pune. Rajiv Goel.
Date : 15th November, 2010 Chief Financial Officer.
 
   
 
 
 
 
 
 
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