| Audited Financial Results For The Year Ended 31st March, 2011. |
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Rs. in Crore |
Rs. in Crore |
Rs. in Crore |
Rs. in Crore |
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Stand Alone |
Consolidated |
| Sr. No. |
Particulars |
Year ended 31st March, 2011 |
Year ended 31st March, 2010 |
Year ended 31st March, 2011 |
Year ended 31st March, 2010 |
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| 1 |
Gross Sales/ Income from Operations |
2,601.92 |
1,914.19 |
2,798.50 |
2,024.39 |
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Less : Inter Segment Transfers |
709.10 |
544.14 |
709.10 |
544.14 |
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Inter Division Transfers |
150.39 |
97.97 |
150.39 |
97.97 |
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Subsidiary Company Transfers |
-- |
-- |
105.52 |
46.27 |
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Excise Duty |
131.07 |
86.95 |
131.07 |
86.95 |
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(a) Net Sales/ Income from Operations |
1,611.36 |
1,185.13 |
1,702.42 |
1,249.06 |
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(b) Other Operating Income |
24.39 |
8.14 |
24.39 |
8.14 |
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Total Income (a+b) |
1,635.75 |
1,193.27 |
1,726.81 |
1,257.20 |
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| 2 |
Expenditure |
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(a) (Increase) / Decrease in Stock-in-trade and |
(55.25) |
(26.90) |
(60.07) |
(11.59) |
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Work in progress |
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(b) Consumption of Raw Materials |
792.28 |
527.85 |
832.10 |
555.18 |
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(c) Direct Expenditure : |
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(i) Energy |
280.98 |
214.71 |
287.74 |
220.12 |
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(ii)Other Direct Expenditure |
242.72 |
173.62 |
249.69 |
185.70 |
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(d) Employees Costs |
94.69 |
81.53 |
123.52 |
116.15 |
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(e) Depreciation, Amortisation & Obsolescence of Assets |
85.54 |
56.44 |
93.35 |
62.05 |
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(f) Other Expenditure |
16.66 |
16.05 |
30.36 |
19.48 |
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(g)Total ( a to f ) |
1,457.62 |
1,043.30 |
1,556.69 |
1,147.09 |
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| 3 |
Profit from Operations before Other Income , Interest and |
178.13 |
149.97 |
170.12 |
110.11 |
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Finance Charges (1-2) |
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| 4 |
Other Income |
14.17 |
11.40 |
25.23 |
18.67 |
| 5 |
Profit before Interest and Finance Charges ( 3+4) |
192.30 |
161.37 |
195.35 |
128.78 |
| 6 |
Interest and Finance Charges |
90.56 |
78.66 |
94.44 |
81.11 |
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| 7 |
Profit after Interest and Finance Charges but before |
101.74 |
82.71 |
100.91 |
47.67 |
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Foreign Exchange (Gain)/ Loss and tax (5-6) |
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Foreign Exchange (Gain) / Loss |
5.72 |
(8.52) |
2.03 |
(8.56) |
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Profit from Ordinary Activities before tax (7- 8) |
96.02 |
91.23 |
98.88 |
56.23 |
| 10 |
Tax expenses |
20.66 |
16.62 |
20.75 |
7.74 |
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| 11 |
Net Profit from Ordinary Activities after tax (9-10) |
75.36 |
74.61 |
78.13 |
48.49 |
| 12 |
Share of Minority Interest |
-- |
-- |
0.02 |
(6.80) |
| 13 |
Net Profit from Ordinary Activities after tax and Minority |
75.36 |
74.61 |
78.11 |
55.29 |
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Interest (11-12) |
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| 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 |
545.45 |
506.11 |
519.19 |
483.50 |
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previous accounting year. |
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| 16 |
Earnings per share |
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Basic and Diluted Earnings per Share (Rs) ( not annualised) |
5.14 |
5.09 |
5.33 |
3.77 |
| 17 |
Public Shareholding |
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Number of Shares |
70927320 |
71468845 |
70927320 |
71468845 |
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Percentage of Shareholding |
48.41% |
48.78% |
48.41% |
48.78% |
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| 18 |
Promoters and promoter group shareholding |
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(a) Pledged / Encumbered |
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Number of Shares |
375000 |
775000 |
375000 |
775000 |
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Percentage of Shares ( as a % of the total shareholding of promoter |
0.50% |
1.03% |
0.50% |
1.03% |
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and Promoter group ) |
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Percentage of Shares ( as a % of the total share capital of |
0.26% |
0.53% |
0.26% |
0.53% |
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the company ) |
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(b) Non - Encumbered |
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Number of Shares |
75199063 |
74257538 |
75199063 |
74257538 |
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Percentage of Shares ( as a % of the total shareholding of promoter |
99.50% |
98.97% |
99.50% |
98.97% |
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and Promoter group ) |
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Percentage of Shares ( as a % of the total share capital of |
51.33% |
50.69% |
51.33% |
50.69% |
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the company ) |
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Notes: |
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As per the Accounting Standard ( AS) 17, the Company has two segments viz. Seamless Tube and Steel . |
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The Consolidated financial statements have been prepared in accordance with Accounting Standard (AS) 21. |
| 3 |
The Company during the year ended as on 31st March,2011, has not utilised any amount out of the proceeds from |
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Foreign Currency Convertible Bonds towards objects of the issue. |
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The Board of Directors at their meeting held on 29th June, 2011 has recommended final dividend of Rs. 1.25 |
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per Equity Share for the financial year 2010-11 . |
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The comparative figures are regrouped and reclassified to meet the current year'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 |
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at their meeting held on 29th June, 2011. |
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For ISMT Limited |
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Place : Pune |
Rajiv Goel |
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Date : 29th June, 2011 |
Chief Financial Officer |
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