| |
 |
FINANCIAL RESULTS |
 |
|
Rs.InMillions |
| |
Particulars |
Quarter
Ended |
Year Ended |
|
30.06.2009
( Unaudited ) |
30.06.2008
( Unaudited ) |
31.03.2009
(Unaudited) |
1 |
Gross Sales |
1954.53 |
2000.07 |
7305.17 |
| - |
Less : Excise Duty |
142.48 |
233.61 |
772.44 |
|
Net Sales |
1812.05 |
1766.46 |
6532.73 |
| - |
- |
- |
- |
- |
|
2 |
Expenditure |
- |
- |
- |
|
a |
Increase / decrease in stock in trade and
work in progress |
(12.30) |
(100.41) |
(35.04) |
b |
Consumption of Raw Material |
1278.14 |
1414.12 |
4728.49 |
c |
Employees Cost |
58.04 |
52.64 |
209.87 |
d |
Depreciation |
26.10 |
22.50 |
84.99 |
|
Other Expenditure |
243.16 |
223.15 |
878.04 |
f |
Total |
1593.14 |
1612.00 |
5866.35 |
|
Profit from Operations before Depreciation,
Other Income, Interest
and Taxes (E B I D T) |
245.01 |
176.96 |
751.37 |
| - |
- |
- |
- |
- |
3 |
Profit from Operations before Other Income, Interest
and Taxes (1-2) |
218.91 |
154.46 |
666.38 |
| - |
- |
- |
- |
- |
4 |
Other Income |
0.60 |
0.60 |
3.18 |
| - |
- |
- |
- |
- |
5 |
Profit before Interest & Taxes
(3
+ 4) |
219.51 |
155.06 |
669.56 |
| - |
- |
- |
- |
- |
6 |
Interest |
33.10 |
32.05 |
141.45 |
| - |
- |
- |
- |
- |
7 |
Profit from ordinary activities before Tax ( 5 - 6 ) |
186.41 |
123.01 |
528.11 |
| - |
- |
- |
- |
- |
8 |
Tax Expense |
- |
- |
- |
| a |
Deferred Tax Liability |
26.80 |
17.00 |
85.80 |
| b |
Income Tax / M A T |
51.40 |
9.00 |
59.80 |
| c |
Fringe Benefit Tax |
0.40 |
0.40 |
1.62 |
9 |
Profit from ordinary activities after Tax ( 7 - 8 ) |
107.81 |
96.61 |
380.69 |
|
9a
|
Cash Profit |
161.62 |
137.01 |
555.34 |
|
Rs.InMillions |
| S.No |
Particulars |
Quarter
Ended |
Year Ended |
|
30.06.2009
( Unaudited ) |
30.06.2008
( Unaudited ) |
31.03.2009
(Unaudited) |
10 |
Paid up Equity Share Capital ( Face value of Rs. 5/- per equity share ) |
632.39 |
632.39 |
632.39 |
| - |
- |
- |
- |
- |
11 |
Reserves excluding revaluation reserves |
- |
- |
884.28 |
| - |
- |
- |
- |
- |
12 |
Basic Cash Earnings per Rs. 5/- Share (annualised) |
5.11 |
4.33 |
4.39 |
13 |
Basic Earning per Share (annualised) |
3.41 |
3.06 |
3.06 |
| - |
- |
- |
- |
- |
14 |
Public Shareholding |
- |
- |
- |
|
- Number of Shares |
80,812,449 |
82,514,373 |
80,812,449 |
|
- Percentage of Shareholding |
63.89 |
65.24 |
63.89 |
| - |
- |
- |
- |
- |
15 |
Promoter & Promoter Group
Shareholding |
- |
- |
- |
|
a) Pledged /
Encumbered |
- |
- |
- |
|
- Number of Shares |
2,500,000 |
- |
2,500,000 |
|
- Percentage of Shares (as a % of
the total shareholding of promoters & promoter group) |
5.47 |
- |
5.47 |
|
- Percentage of Shares (as a % of
the total share capital of the company) |
1.98 |
- |
1.98 |
|
|
|
|
|
|
b) Non - Encumbered |
- |
- |
- |
|
- Number of Shares |
431,65,030 |
- |
431,65,030 |
|
- Percentage of Shares (as a % of
the total shareholding of promoters & promoter group) |
94.53 |
- |
94.53 |
|
- Percentage of Shares (as a % of
the total share capital of the company) |
34.13 |
- |
34.13 |
| - |
| Notes |
- |
a |
The above financial results were taken on record at the Meeting of the Board of Directors
held on 18.07.2009. The above results are subject to Limited Review by the Statutory Auditors. |
b |
The company is engaged in the manufacture of various steel products which is its Primary
Segment which in the context of Accounting Standard 17 is considered as a single segment. |
c |
Previous figures have been regrouped or reclassified, wherever necessary. |
d |
No Investor complaints were pending neither at the beginning nor at the end of the quarter
ended 30th June, 2009 and no complaints were received during the said quarter. |
|
Place: Hyderabad
Date:
18.07.2009 |
By order of the Board
Ch Anantha
Reddy
Executive
Director |
|
Rs.InMillions |
| S.No |
Particulars |
Quarter
Ended |
Year Ended |
31.03.2009
( Unaudited ) |
31.03.2008
( Unaudited ) |
31.03.2009
(Unaudited ) |
31.03.2008
( Audited ) |
1 |
Gross Sales |
1675.03 |
1839.90 |
7307.66 |
6412.00 |
| |
Less : Excise Duty |
130.35 |
229.50 |
772.47 |
809.81 |
|
Net Sales |
1544.68 |
1610.40 |
6535.19 |
5602.19 |
|
2 |
Expenditure |
|
|
|
|
|
a |
Increase / decrease in stock in trade and
work in progress |
(27.27) |
(26.10) |
1.83 |
(95.39) |
b |
Consumption of Raw Material |
1100.79 |
1162.70 |
4715.00 |
4053.64 |
c |
Employees Cost |
53.18 |
29.70 |
205.97 |
147.33 |
d |
Depreciation |
24.00 |
21.40 |
94.50 |
80.48 |
e |
Other Expenditure |
212.60 |
255.70 |
852.85 |
842.85 |
f |
Total |
1363.30 |
1443.40 |
5870.15 |
5028.91 |
|
|
|
Profit from Operations before Depreciation,
Other Income, Interest
and Taxes (E B I D T) |
205.38 |
188.40 |
759.54 |
653.76 |
|
3 |
Profit from Operations before Other Income, Interest
and Taxes (1-2) |
181.38 |
167.00 |
665.04 |
573.28 |
|
4 |
Other Income |
0.90 |
1.20 |
2.70 |
5.96 |
|
5 |
Profit before Interest & Taxes
(3
+ 4) |
182.28 |
168.20 |
667.74 |
579.24 |
|
6 |
Interest |
32.49 |
22.30 |
138.25 |
179.49 |
|
7 |
Profit from ordinary activities before Tax ( 5 - 6 ) |
149.79 |
145.90 |
529.49 |
399.75 |
|
8 |
Tax Expense |
|
|
|
|
| a |
Deferred Tax Liability |
23.20 |
21.20 |
79.10 |
59.60 |
| b |
Income Tax / M A T |
24.30 |
22.40 |
54.80 |
30.70 |
| c |
Fringe Benefit Tax |
0.42 |
0.50 |
1.62 |
1.38 |
|
9 |
Profit from ordinary activities after Tax ( 7 - 8 ) |
101.87 |
101.80 |
393.97 |
308.07 |
|
| 9a |
Cash Profit |
150.06 |
145.30 |
571.26 |
451.84 |
|
Rs.InMillions |
| S.No |
Particulars |
Quarter
Ended |
Year
Ended |
31.03.2009
( Unaudited ) |
31.03.2008
( Unaudited ) |
31.03.2009
(Unaudited ) |
31.03.2008
( Audited ) |
10 |
Paid up Equity Share Capital ( Face value of Rs. 5/- per equity share ) |
632.39 |
632.39 |
632.39 |
632.39 |
|
11 |
Reserves excluding revaluation reserves |
- |
- |
- |
759.07 |
|
12 |
Basic Cash Earnings per Rs. 5/- Share (annualised) |
4.75 |
4.60 |
4.52 |
4.51 |
13 |
Basic Earning per Share (annualised) |
3.22 |
3.22 |
3.11 |
3.09 |
|
|
14 |
Public Shareholding |
|
|
|
|
|
- Number of Shares |
80,812,449 |
82,514,373 |
80,812,449 |
82,514,373 |
|
- Percentage of Shareholding |
63.89 |
65.24 |
63.89 |
65.24 |
|
|
15 |
Promoter & Promoter Group
Shareholding |
|
|
|
|
|
a) Pledged /
Encumbered |
|
|
|
|
|
- Number of Shares |
2,500,000 |
|
2,500,000 |
|
|
- Percentage of Shares (as a % of
the total shareholding of promoters & promoter group) |
5.47 |
|
5.47 |
|
|
- Percentage of Shares (as a % of
the total share capital of the company) |
1.98 |
|
1.98 |
|
|
|
b) Non - Encumbered |
|
|
|
|
|
- Number of Shares |
431,65,030 |
|
431,65,030 |
|
|
- Percentage of Shares (as a % of
the total shareholding of promoters & promoter group) |
94.53 |
|
94.53 |
|
|
- Percentage of Shares (as a % of
the total share capital of the company) |
34.13 |
|
34.13 |
|
|
| Notes |
|
a |
The above financial results were taken on record at the Meeting of the Board of Directors held on
27.04.2009. |
|
The above results are subject to Limited Review by the Statutory Auditors. |
b |
The company is engaged in the manufacture of
various steel products which is its Primary Segment which in the context of Accounting Standard - 17 is considered as a single segment. |
c |
The company has
informed the authorities (stock exchange) of its plan for buy
back of
shares and the modalities are being worked out in this regard.
On completion of this process the share capital of the company
will be reduced. |
d |
Shares were allotted
to foreign investors in January 2008. Hence the EPS for the
year 2007 - 08 has been calculated on the weighted average
basis. |
e |
Previous figures have
been regrouped or reclassified, wherever necessary. |
f |
No Investor complaints were pending neither at the beginning nor at the end of the quarter ended
31st March, 2009
and no complaints were received during the said quarter. |
| |
By order of the Board |
Place : Hyderabad
Date : 23.04.2008
|
Ch. Anantha Reddy
Executive Director |
|
|
