Investor Relations
Segment Wise Audited Financial Results For The Year Ended 31st March, 2011
Rs. in Crore
    Stand Alone Consolidated
   
1
2
3
4
Sr. No. Particulars Year ended
31st March, 2011
Year ended
31st March, 2010
Year ended
31st March, 2011
Year ended
31st March, 2010
1 Segment Revenue        
           
  a) Gross Sales – Tube 1,343.34 957.41 1,539.92 1,067.61
  Less : Inter Segment 39.08 29.81 39.08 29.81
             Inter Division 150.39 97.97 150.39 97.97
             Sales to Subsidiary Company - - 105.52 46.27
             Excise Duty 75.37 52.17 75.37 52.17
  Sub total 1,078.50 777.46 1,169.56 841.39
   
  b) Gross Sales – Steel 1,258.57 956.78 1,258.57 956.78
  Less : Inter Segment 670.02 514.33 670.02 514.33
             Excise Duty 55.69 34.78 55.69 34.78
  Sub total 532.86 407.67 532.86 407.67
   
  Total Net Sales/ Income from Operations 1,611.36 1,185.13 1,702.42 1,249.06
   
2 Segment Results
  (Profit after Depreciation & before interest and        
  Finance Charges, Foreign Exchange (Gain) / Loss,        
  Unallocable income (net) and Tax.
   
  a) Tube 104.72 76.70 109.28 44.11
  b) Steel * 87.02 79.60 87.02 79.60
  Total 191.74 156.30 196.30 123.71
  Less : Interest & Finance Charges 90.56 78.66 94.44 81.11
             Foreign Exchange ( Gain) / Loss 5.72 (8.52) 2.03 (8.56)
  Add : unallocable Income 0.56 5.07 (0.95) 5.07
             ( net of unallocable Expenses)
   
  Total Profit Before Tax 96.02 91.23 98.88 56.23
  Less : Tax Expenses 20.66 16.62 20.75 7.74
   
  Total Profit After Tax 75.36 74.61 78.13 48.49
  Less : Share of Minority Interest - - 0.02 (6.80)
  Profit After Minority Interest 75.36 74.61 78.11 55.29
3 Capital Employed
  ( Segment Assets – Segment Liabilities)
   
  a) Tube 1,225.78 1,192.14 1,290.81 1,221.94
  b) Steel 87.54 176.46 87.54 176.46
  c) Unallocable (694.62) (789.24) (778.99) (829.25)
   
 
   
  * 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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