Investor Relations
Unaudited Financial Results For The Quarter Ended 31st March, 2011
Rs. in Crore
Sr. No. Particulars 3 months ended
31st March, 11
Corresponding 3 months
ended in the previous
year 31st March, 10
Year ended
31st March, 11
Year ended
31st March, 10
         Unaudited Audited
1 Gross Sales/ Income from Operations 719.97 561.92 2,601.93 1,914.20
   
  Less : Inter Segment Transfers 167.77 157.10 709.10 544.14
    Inter Division Transfers 30.96 36.95 150.39 97.97
    Excise Duty 36.48 27.33 131.07 86.95
   
  (a) Net Sales/ Income from Operations 484.76 340.54 1,611.37 1,185.14
  (b) Other Operating Income 8.11 2.65 24.38 8.13
  Total Income (a+b) 492.87 343.19 1,635.75 1,193.27
   
2. Expenditure
  (a) (Increase) / Decrease in Stock-in-trade and 19.68 (22.57) (55.26) (26.90)
  Work in progress        
  (b) Consumption of Raw Materials 239.47 160.45 792.29 527.85
  (c) Direct Expenditure :        
  (i) Energy 72.60 63.54 280.98 214.71
  (ii)Other Direct Expenditure 68.37 56.61 242.71 173.62
  (d) Employees Costs 25.50 22.85 94.69 81.53
  (e) Depreciation & Amortisation 27.29 14.20 85.54 56.44
  (f) Other Expenditure 4.04 5.16 15.80 16.05
  (g)Total ( a to f ) 456.95 300.24 1,456.75 1,043.30
   
3 Profit from Operations before Other Income , Interest and Finance Charges (1-2) 35.92 42.95 179.00 149.97
4 Other Income 6.78 7.40 14.17 11.40
5 Profit before Interest and Finance Charges ( 3+4) 42.70 50.35 193.17 161.37
6 Interest and Finance Charges 25.51 20.31 90.56 78.66
   
7 Profit after Interest and Finance Charges but before 17.19 30.04 102.61 82.71
  Foreign Exchange (Gain)/ Loss and tax (5-6)        
8 Foreign Exchange (Gain) / Loss 3.02 (3.73) 5.73 (8.52)
9 Profit from Ordinary Activities before tax (7- 8) 14.17 33.77 96.88 91.23
10 Tax expenses (2.87) 17.76 22.74 16.62
11 Net Profit from Ordinary Activities after tax (9-10) 17.04 16.01 74.14 74.61
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 - - - 506.11
Balance Sheet of previous accounting year.        
14 Earnings per share
  Basic Earnings per Share (Rs) ( not annualised) 1.16 1.09 5.06 5.09
15 Public Shareholding
  Number of Shares 70927320 71468845 70927320 71468845
Percentage of Shareholding 48.41% 48.78% 48.41% 48.78%
16 Promoters and promoter group shareholding        
  (a) Pledged / Encumbered        
  Number of Shares 375000 775000 375000 775000
  Percentage of Shares ( as a % of the total shareholding of promoter and Promoter group ) 0.50% 1.03% 0.50% 1.03%
  Percentage of Shares ( as a % of the total share capital of the company ) 0.26% 0.53% 0.26% 0.53%
  (b) Non - Encumbered        
  Number of Shares 75199063 74257538 75199063 74257538
  Percentage of Shares ( as a % of the total shareholding of promoter and Promoter group ) 99.50% 98.97% 99.50% 98.97%
  Percentage of Shares ( as a % of the total share capital of the company ) 51.33% 50.69% 51.33% 50.69%
         
           
  Notes :
   
1 As per Accounting Standard ( AS) 17, the Company has two segment viz; Seamless Tube and Steel.
2 During the current quarter and year ended as on 31st March,2011 , the Company has not utilised any amount out of the proceeds from Foreign Currency Convertible Bonds towards objects of the issue.
3 The diminution in the value of deferred tax asset as recognised in the previous financial years, is adjusted by withdrawal of Rs. 12.93 crore from Restructuring Reserve and transferred to Profit and Loss Account towards deferred tax liability based on the legal advice.
4 As at the beginning of the quarter one investor complaint was outstanding . During the Quarter, 6 investor complaints were received, 6 complaints were redressed and resolved and 1 complaint is pending at the at the end of the quarter.
5 There was a strike at Ahmednagar Unit from March28,2011 to April 17 2011.
6 The auditors have conducted a " Limited Review " of the financial results for the quarter ended 31st March, 2011.
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 10th May, 2011 .
   
 
  For ISMT Limited.
   
Place : Pune. Rajiv Goel.
Date : 10th May, 2011 Chief Financial Officer.
 
   
 
 
 
 
 
 
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