| Audited Financial Results For The Year Ended 31st March, 2009. |
| |
|
1 |
2 |
4 |
5 |
| |
|
Rs. in Crore |
Rs. in Crore |
Rs. in Crore |
Rs. in Crore |
| |
|
Stand Alone |
Consolidated |
| Sr. No. |
Particulars |
Year Ended 31st March, 2009 |
Year Ended 31st March, 2008 |
Year Ended 31st March, 2009 |
Year Ended 31st March, 2008 |
| |
|
|
|
|
|
| 1 |
Gross Sales/ Income from Operations |
2308.45 |
2051.24 |
2545.20 |
2294.86 |
| |
Less : Inter Segment Transfers |
799.57 |
637.36 |
799.57 |
637.36 |
| |
Inter Division Transfers |
103.36 |
102.28 |
103.36 |
102.28 |
| |
Subsidiary Company Transfers |
-- |
-- |
99.66 |
82.81 |
| |
Excise Duty |
120.96 |
131.89 |
120.96 |
131.89 |
| |
(a) Net Sales/ Income from Operations |
1,284.56 |
1,179.81 |
1,421.65 |
1,340.52 |
| |
(b) Other Operating Income |
15.69 |
11.83 |
15.96 |
11.83 |
| |
|
|
|
|
|
| |
Total Income (a+b) |
1,300.25 |
1,191.54 |
1,437.34 |
1.352.35 |
| |
|
|
|
|
|
| 2 |
Expenditure |
|
|
|
|
| |
(a) (Increase) / Decrease in Stock-in-trade and |
(14.83) |
(0.72) |
(16.80) |
(9.57) |
| |
Work in progress |
|
|
|
|
| |
(b) Consumption of Raw Materials |
658.82 |
570.44 |
701.51 |
653.59 |
| |
(c) Direct Expenditure : |
|
|
|
|
| |
(i) Energy |
170.53 |
173.64 |
178.15 |
179.67 |
| |
(ii)Other Direct Expenditure |
156.69 |
152.28 |
190.74 |
176.38 |
| |
(d) Employees Costs |
77.48 |
73.35 |
129.67 |
111.87 |
| |
(e) Depreciation & Amortisation |
55.82 |
55.29 |
58.34 |
61.28 |
| |
(f) Other Expenditure |
14.48 |
15.29 |
25.73 |
22.61 |
| |
(g)Total ( a to f ) |
1,118.99 |
1,039.57 |
1,267.34 |
1,195.83 |
| |
|
|
|
|
|
| 3 |
Profit from Operations before Other Income , Interest and |
181.26 |
151.97 |
170.00 |
156.52 |
| |
Finance Charges (1-2) |
|
|
|
|
| 4 |
Other Income |
14.13 |
18.37 |
22.00 |
19.35 |
| 5 |
Profit before Interest and Finance Charges ( 3+4) |
195.39 |
170.34 |
192.00 |
175.87 |
| 6 |
Interest and Finance Charges |
82.46 |
66.50 |
87.27 |
69.54 |
| |
|
|
|
|
|
| 7 |
Profit after Interest and Finance Charges but before |
112.93 |
103.84 |
104.73 |
106.33 |
| |
Foreign Exchange (Gain)/ Loss and tax (5-6) |
|
|
|
|
| 8 |
Foreign Exchange (Gain) / Loss |
56.95 |
(22.26) |
57.23 |
(22.26) |
| 9 |
Profit from Ordinary Activities before tax (7- 8) |
55.98 |
126.10 |
47.50 |
128.59 |
| 10 |
Tax expenses |
(025) |
26.06 |
(0.25) |
26.88 |
| |
|
|
|
|
|
| 11 |
Net Profit from Ordinary Activities after tax (9-10) |
56.23 |
100.04 |
47.75 |
101.71 |
| 12 |
Share of Minority Interest |
-- |
-- |
(2.30) |
1.21 |
| 13 |
Net Profit from Ordinary Activities after tax and Minority |
56.23 |
100.04 |
50.05 |
100.50 |
| |
Interest (11-12) |
|
|
|
|
| |
|
|
|
|
|
| 14 |
Paid-up Equity Share Capital (Face Value of Rs.5/- per share) |
73.25 |
73.25 |
73.25 |
73.25 |
| 15 |
Reserves excluding Revaluation Reserves as per Balance Sheet of |
453.11 |
463.39 |
452.27 |
463.15 |
| |
previous accounting year. |
|
|
|
|
| 16 |
Earnings per share |
|
|
|
|
| |
Basic and Diluted Earnings per Share (Rs) ( not annualised) |
3.84 |
6.92 |
3.42 |
6.96 |
| 17 |
Public Shareholding |
|
|
|
|
| |
Number of Shares |
71710239 |
73700958 |
71710239 |
73700958 |
| |
Percentage of Shareholding |
48.95% |
50.31% |
48.95% |
50.31% |
| |
|
|
|
|
|
| 18 |
Promoters and promoter group shareholding |
|
|
|
|
| |
(a) Pledged / Encumbered |
|
|
|
|
| |
Number of Shares |
6909362 |
N.A. |
6909362 |
N.A. |
| |
Percentage of Shares ( as a % of the total shareholding of promoter |
9.24% |
N.A. |
9.24% |
N.A. |
| |
and Promoter group ) |
|
|
|
|
| |
Percentage of Shares ( as a % of the total share capital of |
4.72% |
N.A. |
4.72% |
N.A. |
| |
the company ) |
|
|
|
|
| |
(b) Non - Encumbered |
|
|
|
|
| |
Number of Shares |
67881782 |
N.A. |
67881782 |
N.A. |
| |
Percentage of Shares ( as a % of the total shareholding of promoter |
90.76% |
N.A. |
90.76% |
N.A. |
| |
and Promoter group ) |
|
|
|
|
| |
Percentage of Shares ( as a % of the total share capital of |
46.33% |
N.A. |
46.33% |
N.A. |
| |
the company ) |
|
|
|
|
| |
|
|
|
|
|
| |
| |
|
| |
Notes on Audited Financial Results for the Year Ended 31st March, 2009. |
| 1 |
The Company is primarily a Seamless tube producer with captive steel making facilities.However in order to comply with Accounting Standard |
| |
(AS 17), the Company is classifying Steel also as a separate Segment. |
| 2 |
The Company during the year Ended as on 31st March,2009, has not utilised any amount out of the proceeds from Foreign Currency |
| |
Convertible Bonds towards objects of the issue. |
| 3 |
The Board of Directors at their meeting held on 26th August, 2009 has recommEnded final dividend @ 10% ( excluding 10% Interim Dividend |
| |
already paid ) for the financial year 2008-09 . |
| 4 |
The Company has accounted the exchange differences on foreign currency monetary items in terms of the amEnded Accounting Standard |
| |
( AS -11) as notified by Government of India. |
| 5 |
The consolidated financials for the year Ended 31st March, 2009 comprise of the financial results of subsidiary- ISMT Enterprises SA, |
| |
Luxembourg and indirect subsidiary companies-Structo Hydraulics AB, Sweden, Structo (UK) Ltd, ISMT Europe AB , Sweden and |
| |
Structo Hydraulics India Ltd. |
| 6 |
The comparative figures are regrouped and reclassified to meet the current year'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 |
| |
26th August, 2009 |
| |
|
| |
For ISMT Limited |
| |
|
| |
Place : Mumbai |
Rajiv Goel |
| |
Date : 26th August, 2009 |
Chief Financial Officer |
| |
|
| |