Investor Relations
SEGMENT WISE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30th SEPTEMBER, 2012
Rs. in Crore
Sr. No. Particulars Quarter ended Half Year ended Year ended
30th Sept., 2012 30th June, 2012 30th Sept., 2011 30th Sept., 2012 30th Sept., 2011 31st March, 2012
     Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Segment Revenue
   
  a) Gross Sales – Tube 341.02 372.52 433.75 713.54 800.24 1,549.80
      Less : Inter Division 38.33 37.54 50.98 75.87 95.52 164.84
  Excise Duty 20.47 21.71 20.64 42.18 39.67 83.20
    __________ __________ __________ __________ __________ __________
  Sub total          282.22          313.27          362.13          595.49          665.05      1,301.76
   
  b) Gross Sales – Steel 293.70 351.72 368.70 645.42 714.58 1,430.80
      Less : Inter Segment 196.68 199.55 208.80 396.23 374.63 792.72
  Excise Duty 10.65 16.54 15.01 27.19 31.86 60.42
    __________ __________ __________ __________ __________ __________
  Sub total          86.37          135.63          144.89          222.00          308.09          577.66
   
  Total Net Sales/ Income from Operations 368.59 448.90 507.02 817.49 973.14 1,879.42
   
2 Segment Results
  (Profit after Depreciation & Before Finance Costs
  Foreign Exchange (Gain) / Loss,Unallocable income (net)
  and Tax.)
  a) Tube 12.10 21.92 33.67 34.02 61.67 106.56
  b) Steel * 1.25 14.87 16.08 16.12 36.14 54.72
    __________ __________ __________ __________ __________ __________
  Total 13.35 36.79 49.75 50.14 97.81 161.28
  Less : Finance Costs 38.59 37.30 25.00 75.89 51.60 120.79
  Foreign Exchange ( Gain) / Loss 24.95 19.15 12.45 44.10 12.34 31.52
  Add : Unallocable Income 4.86 4.07 2.39 8.93 6.77 19.69
  ( Net of Unallocable Expenses)
   
  Total Profit/ (Loss) Before Tax (45.33) (15.59) 14.69 (60.92) 40.64 28.66
   
  Less : Tax Expenses (17.12) - 4.20 (17.12) 11.59 0.07
   
  Total Profit/(Loss) After Tax (28.21) (15.59) 10.49 (43.80) 29.05 28.59
   
3 Capital Employed
  ( Segment Assets – Segment Liabilities)
   
  a) Tube 1,376.32 1,360.48 1,328.49 1,376.32 1,328.49 1,324.81
  b) Steel 197.79 163.60 197.02 197.79 197.02 160.47
  c) Unallocable (1,017.30) (1,017.20) (881.13) (1,017.30) (881.13) (897.94)
   
 
   
  * Includes profit on steel captively consumed by Tube Segment
 
Statement of Assets and Liabilities
Rs. in Crore
   
Sr. No. Particulars As at
30th Sept, 2012
As at
31st March, 2012
        
A EQUITY AND LIABILITIES    
       
1 Shareholders' Funds
  a) Share Capital 73.25 73.25
  (b) Reserves and Surplus 483.55 514.10
  Sub -Total Shareholders' funds 556.80 587.35
   
2 Non - Current Liabilities
  a) Long Term Borrowings 845.32 869.39
  b) Deferred Tax Liabilities (Net) 58.11 75.23
  c) Long Term Provisions 5.83 5.30
  Sub - Total - Non Current Liabilities 909.26 949.92
   
3 Current Liabilities
a) Short Term Borrowings 280.93 115.08
  b) Trade Payables 584.27 591.75
  c) Other Current Liabilities 599.14 588.47
  d) Short Term Provisions 16.17 16.66
  Sub - Total - Current Liabilities 1,480.51 1,311.96
   
 
  TOTAL EQUITY AND LIABILITIES 2,946.57 2,849.23
       
B ASSETS    
 
1 Non - Current Assets    
  a) Fixed Assets 1,420.41 1,426.59
  b) Non-Current Investment 56.39 48.47
  c) Long Term Loans and Advances 16.63 14.55
  d) Other Non Current Assets 98.04 98.15
  Sub - Total - Non - Current Assets 1,591.47 1,587.76 
     
 
2 Foreign Currency Monetary Item 6.08 5.02
  Translation difference Account    
     
3 Current Assets    
  a) Current Investment - 1.50
  b) Inventories 545.87 491.63
  c) Trade Receivables 384.88 411.75
  d) Cash and Bank Balances 145.20 89.98
  e) Short Term Loans and Advances 144.61 140.33
  f) Other Current Assets 128.46 121.26
  Sub - Total - Current Assets 1,349.02 1,256.45 
   
  Total Assets 2,946.57 2,849.23 
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