| (Rs. in Lacs) |
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Quarter ended |
Half Year ended |
Previous |
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Accounting Year Audited |
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30.09.2010 |
30.09.2009 |
30.09.2010 |
30.09.2009 |
31.03.2010 |
| 1 |
Net Income from Sales/Services |
16885.16 |
12275.77 |
28853.06 |
20311.03 |
69483.71 |
| 2 |
Cost of Sales/Services Total Expenditure |
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| |
a) (Increase) / decrease in stock in trade |
(988.91) |
(684.24) |
(1909.96) |
(629.88) |
608.91 |
| |
b) Consumption of raw material |
8291.79 |
6766.42 |
17036.06 |
12791.50 |
26537.77 |
| |
c) Purchases of Traded Goods |
6890.43 |
3831.93 |
8072.60 |
3832.39 |
33081.14 |
| |
d) Staff Cost |
225.40 |
195.60 |
444.84 |
362.48 |
796.94 |
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e) Excise Duty |
895.66 |
587.76 |
1762.40 |
1170.46 |
2594.21 |
| |
f) Other Expenditure |
475.96 |
386.86 |
952.57 |
839.23 |
1711.66 |
| 3 |
Gross Profit |
1094.83 |
1191.44 |
2494.55 |
1944.85 |
4153.08 |
| 4 |
General Administrative Expenses |
80.36 |
200.73 |
451.16 |
326.80 |
857.29 |
| 5 |
Selling and Distribution Expenses |
359.72 |
396.19 |
793.77 |
636.64 |
1392.27 |
| 6 |
Operating Profit before Interest & Depreciation |
654.75 |
594.52 |
1249.62 |
981.41 |
1903.52 |
| 7 |
Interest |
306.91 |
425.24 |
640.94 |
797.41 |
1574.54 |
| 8 |
Depreciation |
90.27 |
109.44 |
177.74 |
242.47 |
423.74 |
| 9 |
Operating Profit/(Loss) after Interest & Depreciation (1-2-4-5-7-8) |
257.57 |
59.84 |
430.94 |
(58.47) |
(94.76) |
| 10 |
Other Income |
37.36 |
44.14 |
74.97 |
208.12 |
610.40 |
| 11 |
Profit/(Loss) before Tax |
294.93 |
103.98 |
505.91 |
149.65 |
515.64 |
| 12 |
Provision for Current Tax |
57.82 |
17.68 |
100.85 |
25.55 |
15.97 |
| 13 |
Deferred Tax |
100.25 |
64.03 |
171.96 |
51.21 |
175.18 |
| 14 |
Net Profit / (Loss) (11-12-13-14) |
136.86 |
22.27 |
233.10 |
72.89 |
324.49 |
| 15 |
Paid-up equity share capital |
3891.71 |
2935.29 |
3891.71 |
2935.29 |
3891.71 |
| 16 |
Paid-up preference share capital |
1600.00 |
650.00 |
1600.00 |
650.00 |
1600.00 |
| 17 |
Reserves excl. revaluation reserves |
- |
- |
- |
- |
(958.89) |
| 18 |
Earning Per Share (Not Annualised)Basic & Diluted Rupees |
0.35 |
0.08 |
0.60 |
0.25 |
1.04 |
| 19 |
Aggregate of non promoters share holding No.of Shares |
28625336 |
19713261 |
28625336 |
19713261 |
27325336 |
| |
- Precentage of shareholding |
73.59% |
67.16% |
73.59% |
67.16% |
70.25% |
| 20 |
Promoter and Promoter Group Shareholding |
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a) Pledged / Encumbered |
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|
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-Number of shares |
2539400 |
2539400 |
2539400 |
2539400 |
2539400 |
| |
-Percentage of shares (as a % of the shareholding of promoter and promoter group) |
24.72% |
26.34% |
24.72% |
26.34% |
21.94% |
| |
-Percentage of shares (as a % of the total share capital of the company) |
6.53% |
8.65% |
6.53% |
8.65% |
6.53% |
| |
b) Non-encumbered |
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|
|
|
|
| |
-Number of shares |
7735264 |
7100264 |
7735264 |
7100264 |
9035264 |
| |
-Percentage of shares (as a % of the shareholding of promoter and promoter group) |
75.28% |
73.66% |
75.28% |
73.66% |
78.06% |
| |
-Percentage of shares (as a % of the total share capital of the company) |
19.88% |
24.19% |
19.88% |
24.19% |
23.23% |
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| Segment wise revenue, results and capaital employed |
| (Rs. in Lacs) |
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Quarter ended |
Half Year ended |
Previous |
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Particulars |
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Accounting YeaAuditedr |
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30.09.2010 |
30.09.2009 |
30.09.2010 |
30.09.2009 |
31.03.2010 |
| 1 |
Segment revenue |
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a) Steel Business |
14942.47 |
11494.08 |
26900.16 |
19693.32 |
61374.72 |
| |
b) Others |
1980.05 |
825.83 |
2027.87 |
825.83 |
8719.39 |
| |
Total |
16922.52 |
12319.91 |
28928.03 |
20519.15 |
70094.11 |
| 2 |
Segment results (Profit / (Loss) before Interest and Tax) |
|
| |
a) Steel Business |
602.63 |
526.35 |
1147.72 |
944.19 |
1715.18 |
| |
b)Others |
(0.79) |
2.87 |
(0.87) |
2.87 |
375.00 |
| |
Total |
601.84 |
529.22 |
1146.85 |
947.06 |
2090.18 |
| |
Less-Interest |
306.91 |
425.24 |
640.94 |
797.41 |
1574.54 |
| |
Profit/(Loss) before Tax |
294.93 |
103.98 |
505.91 |
149.65 |
515.64 |
| 3 |
Capital employed (Segment Assets Less Segment Liabilities) |
|
| |
a) Steel Business |
12546.86 |
14558.30 |
12546.86 |
14558.30 |
13889.54 |
| |
b) Others |
15.46 |
97.46 |
15.46 |
97.46 |
83.17 |
| |
Total |
12562.32 |
14655.76 |
12562.32 |
14655.76 |
13972.71 |
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| 1 |
Previous year's figures have been re-grouped and re-arranged wherever necessary to make them comparable. |
| 2 |
The un-audited Financial Results ( Provisional ) for the quarter ended 30th September, 2010 were taken on record at the Board Meeting held on 12th November,2010. |
| 3 |
The Company has alloted 1,10,95,701 Equity Shares of Rs. 10/- each at a premium of Rs. 4.42 per share for cash on preferential basis to promoters and non- promoters group at the Board Meeting held on 4th October 2010 which has been utilised for the redemption of 5% Non-Cumulative Reedemable Preference Shares of the company. |
| 4 |
There were no investor complaints pending at the beginning of the quarter and during the quarter Company has received 04 complaints which were resolved. There were no complaints lying unresolved at the end of the quarter. |
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For & on behalf of the Board of Directors |
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| DATED- 12th NOVEMBER ,2010 |
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MANAGING DIRECTOR |
