| Unaudited Financial Results For The Quarter Ended 30th June, 2010 |
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| Sr. No. |
Particulars |
3 months ended 30/06/2010 |
Corresponding 3 months ended in the previous year 30/06/2009 |
Year ended 31st March, 2010 |
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Unaudited |
Unaudited |
Unaudited |
| 1 |
Gross Sales/ Income from Operations |
571.70 |
418.97 |
1,914.20 |
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Less : Inter Segment Transfers |
160.93 |
128.35 |
544.14 |
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Inter Division Transfers |
39.72 |
16.50 |
97.97 |
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Excise Duty |
28.59 |
18.20 |
86.96 |
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(a) Net Sales/ Income from Operations |
342.46 |
255.92 |
1,185.13 |
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(b) Other Operating Income |
3.82 |
1.02 |
8.13 |
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Total Income (a+b) |
346.28 |
256.94 |
1,193.26 |
| 2 |
Expenditure |
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(a) (Increase) / Decrease in Stock-in-trade and |
(40.91) |
(10.47) |
(26.90) |
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Work in progress |
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(b) Consumption of Raw Materials |
183.55 |
111.64 |
527.41 |
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(c) Direct Expenditure : |
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(i) Energy |
63.52 |
43.06 |
214.95 |
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(ii)Other Direct Expenditure |
60.20
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34.22 |
173.56 |
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(d) Employees Costs |
22.26 |
19.07 |
81.55 |
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(e) Depreciation & Amortisation |
17.60 |
13.90 |
56.80 |
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(f) Other Expenditure |
3.66 |
3.65 |
16.05 |
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(g)Total ( a to f ) |
309.88 |
215.07 |
1,043.42 |
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| 3 |
Profit from Operations before Other Income , Interest and Finance Charges (1-2) |
36.40 |
41.87 |
149.84 |
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Other Income |
4.69 |
1.42 |
11.42 |
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Profit before Interest and Finance Charges (3+4) |
41.09 |
43.29 |
161.26 |
| 5 |
Interest and Finance Charges |
19.28 |
19.96 |
78.65 |
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Profit after Interest and Finance Charges but before Foreign Exchange (Gain)/ Loss and tax ( 5-6 ) |
21.81 |
23.33 |
82.61 |
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Foreign Exchange (Gain) / Loss |
3.40 |
(1.24) |
(8.50) |
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Profit from Ordinary Activities before tax (7- 8) |
18.41 |
24.57 |
91.11 |
| 10 |
Tax expenses |
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17.76 |
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Net Profit from Ordinary Activities after tax (9-10) |
18.41 |
24.57 |
73.35 |
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| 12 |
Paid-up Equity Share Capital (Face Value of Rs.5/- per share) |
73.25 |
73.25 |
73.25 |
| 13 |
Reserves excluding Revaluation Reserves as per |
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453.11 |
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Balance Sheet of previous accounting year. |
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| 14 |
Earnings per share |
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Basic and Diluted Earnings per Share (Rs)(not annualised) |
1.26 |
1.68 |
5.01 |
| 15 |
Public Shareholding |
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Number of Shares |
71328845 |
71665840 |
71468845 |
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Percentage of Shareholding |
48.69% |
48.92% |
48.78% |
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Promoters and promoter group shareholding |
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(a) Pledged / Encumbered |
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Number of Shares |
775000 |
3600000 |
775000 |
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Percentage of Shares ( as a % of the total shareholding of promoter and Promoter group ) |
1.03% |
4.81% |
1.03% |
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Percentage of Shares ( as a % of the total share capital of the company )
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0.53% |
2.46% |
0.53% |
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(b) Non - Encumbered |
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Number of Shares |
74397538 |
71235543 |
74257538 |
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Percentage of Shares ( as a % of the total shareholding of promoter and Promoter group) |
98.97% |
95.19% |
98.97% |
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Percentage of Shares ( as a % of the total share capital of the company ) |
50.78% |
48.62% |
50.69% |
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Notes : |
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| 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. |
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During the current quarter ended as on 30th June,2010 , the Company has not utilised any amount out of the proceeds from Foreign Currency Convertible Bonds towards objects of the issue. |
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The Company has adopted the amended Accounting Standard ( AS-11 ) as notified by Government of India and accordingly ,the exchange differences on foreign currency monetary items are being accounted. |
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Tax expenses do not include provision for deferred tax for the current quarter and the same shall be reviewed at the year end. |
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As at the beginning and end of the Quarter there were no outstanding investor complaints. During the Quarter 7 investor complaints were received and same were redressed. |
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The comparative figures are regrouped and reclassified to meet the current quarter's classification. |
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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 29th July,2010 and also been reviewed by the Auditors. |
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For ISMT Limited |
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| Place : Mumbai |
Rajiv Goel |
| Date : 29th July, 2010 |
Chief Financial Officer |
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