Investor Relations
Segment Wise Unaudited Financial Results For The Quarter Ended 30th JUNE ,2011
Rs. in Crore
   
1
2
3
Sr. No. Particulars 3 months ended
30th June, 2011
Corresponding
3 months ended in the previous year 30th June, 2010
31st March, 2011
        Audited
1 Segment Revenue      
         
  a) Gross Sales – Tube 385.83 279.72 1,343.34
  Less : Inter Segment 13.74 9.65 39.08
             Inter Division 44.54 39.72 150.39
             Excise Duty 19.33 15.47 75.37
  Sub total 308.22 214.88 1,078.50
   
  b) Gross Sales – Steel 346.09 291.98 1,258.57
  Less : Inter Segment 165.83 151.28 670.02
             Excise Duty 16.87 13.12 55.69
  Sub total 163.39 127.58 532.86
   
  Total Net Sales/ Income from Operations 471.61 342.46 1,611.36
   
2 Segment Results
  (Profit after Depreciation & before interest and      
  Finance Charges, Foreign Exchange (Gain) / Loss,      
  Unallocable income (net) and Tax.
   
  a) Tube 30.07 14.70 104.72
  b) Steel * 21.91 25.37 87.02
  Total 51.98 40.07 191.74
  Less : Interest & Finance Charges 26.60 19.28 90.56
             Foreign Exchange ( Gain) / Loss 2.11 3.40 5.72
  Add : unallocable Income 2.69 1.02 0.56
             ( net of unallocable Expenses)
   
  Total Profit Before Tax 25.96 18.41 96.02
  Less : Tax Expenses - Current Tax 0.01 - 0.05
                                     - Deferred Tax 7.39 - 20.61
   
  Total Profit After Tax 18.56 18.41 75.36
3 Capital Employed
  ( Segment Assets – Segment Liabilities)
   
  a) Tube 1,250.21 1,299.68 1,225.78
  b) Steel 104.63 221.33 87.54
  c) Unallocable (719.26) (906.16) (694.62)
   
 
   
  * Includes profit on steel captively consumed by Tube Segment
 
Statement of Assets and Liabilities
Rs. in Crore
   
Stand Alone
Consolidated
   
Sr. No. Particulars As at
31st March,2011
As at
31st March,2010
As at
31st March,2011
As at
31st March,2010
            
SOURCES OF FUNDS        
           
1 Shareholders Funds
  (a) Share Capital 73.25 73.25 73.25 73.25
  (b) Reserves and Surplus 545.45 506.11 525.99 489.55
2 Minority Interest - - 0.13 6.35
3 Loan Funds 1,049.46 999.52 1,107.27 1,033.95
4 Deferred Tax Liability 75.22 41.69 68.35 35.59
  Total 1,743.38 1,620.57 1,774.99 1,638.69
   
  APPLICATION OF FUNDS
1 Fixed Assets 1,311.29 1,187.27 1,409.15 1,276.98
  (Including Capital Work in Progress)
2 Investments 49.97 35.74 - -
3 Goodwill on Consolidation - - 31.23 23.98
4 Foreign Currency Monetary Item - 4.91 - 4.91
  Translation Difference Account
5 Current Assets, Loans and Advances
   
(a) Inventories 448.60 351.22 485.96 389.78
  (b) Sundry Debtors 438.78 338.89 396.70 272.83
  (c) Cash and Bank Balances 67.79 62.37 71.46 63.70
  (d) Loans and Advances 286.30 233.26 291.98 236.53
  1,241.47 985.74 1,246.10 962.84
  Less: Current Liabilities and Provisions
 
  (a) Current Liabilities 831.16 564.58 880.09 598.78
  (b) Provisions 29.26 30.32 32.47 33.05
  860.42 594.90 912.56 631.83
 
  Net Current Assets 381.05 390.84 333.54 331.01
 
6 Miscellaneous Expenditure 1.07 1.81 1.07 1.81
  ( to the extent not written off or adjusted )
   
  Total 1,743.38 1,620.57  1,774.99 1,638.69
 
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