| UNAUDITED FINANCIAL RESULTS ( PROVISIONAL) QUARTER ENDED 31st DECEMBER' 2009 |
| (Rs. in Lacs) |
| |
Quarter ended |
9 months ended |
Previous |
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Accounting Year Audited |
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31.12.2009 |
31.12.2008 |
31.12.2009 |
31.12.2008 |
31.03.2009 |
| 1 |
Net Income from Sales/Services |
15188.66 |
7561.36 |
35499.69 |
25925.98 |
58423.73 |
| 2 |
Cost of Sales/Services Total Expenditure |
|
| |
a) (Increase) / decrease in stock in trade |
1742.04 |
660.82 |
1112.16 |
854.69 |
-1133.17 |
| |
b) Consumption of raw material |
11260.91 |
6400.34 |
27884.8 |
19283.6 |
52651.81 |
| |
c) Staff Cost |
228.42 |
196.4 |
590.9 |
555.2 |
751.1 |
| |
d) Excise Duty |
528.05 |
400.58 |
1698.51 |
2445.78 |
3255.37 |
| |
e) Other Expenditure |
427.77 |
304.73 |
1267 |
1080.02 |
1327.98 |
| 3 |
Gross Profit |
1001.47 |
-401.51 |
2946.32 |
1706.69 |
1570.64 |
| 4 |
General Administrative Expenses |
211.75 |
881.4 |
538.55 |
1846.3 |
2247.06 |
| 5 |
Selling and Distribution Expenses |
296.42 |
191.8 |
933.06 |
534.38 |
905.52 |
| 6 |
Operating Profit before Interest & Depreciation |
493.3 |
-1474.71 |
1474.71 |
-673.99 |
-1581.94 |
| 7 |
Interest |
377.24 |
619.34 |
1174.65 |
1237.33 |
1602.62 |
| 8 |
Depreciation |
102.21 |
72.71 |
344.68 |
256.91 |
360.23 |
| 9 |
Operating Profit/(Loss) after Interest & Depreciation (1-2-4-5-7-8) |
13.85 |
-2166.76 |
-44.62 |
-2168.23 |
-3544.79 |
| 10 |
Other Income |
72.27 |
23.85 |
280.39 |
91.61 |
230.22 |
| 11 |
Profit/(Loss) before Tax |
86.12 |
-2142.91 |
235.77 |
-2076.62 |
-3314.57 |
| 12 |
Provision for Current Tax |
14.46 |
-15 |
40.01 |
0 |
0 |
| 13 |
Deferred Tax Liabilities /(Assets) |
29.05 |
-713.9 |
80.26 |
-705.84 |
-1126.71 |
| 14 |
Fringe Benefit Tax |
0 |
1.5 |
0 |
4.75 |
8.19 |
| 15 |
Income tax related to previous years |
- |
- |
|
- |
-37.62 |
| 16 |
Net Profit / (Loss) (11-12-13-14) |
42.61 |
-1415.51 |
115.5 |
-1375.53 |
-2158.43 |
| 17 |
Paid-up equity share capital |
2935.29 |
2936.97 |
2935.29 |
2936.97 |
2937 |
| 18 |
Paid-up preference share capital |
1600 |
650 |
1600 |
650 |
650 |
| 19 |
Reserves excl. revaluation reserves |
- |
- |
- |
- |
-1383.63 |
| 20 |
Earning Per Share (Not Annualised) |
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| |
Basic and Diluted Rupees 0.14 |
0.04 |
0.39 |
-4.68 |
-7.34 |
| 21 |
Aggregate of non promoters share holding No.of Shares |
19713261 |
21205298 |
19713261 |
21205298 |
19749618 |
| |
Percentage of shareholding |
67.16% |
72.16% |
67.16% |
72.16% |
67.21% |
| 22 |
Promoter and Promoter Group |
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Shareholding |
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a) Pledged / Encumbered |
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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) |
26.34% |
31.04% |
26.34% |
31.04% |
26.35% |
| |
-Percentage of shares (as a % of the total share capital of the company) |
8.65% |
8.64% |
8.65% |
8.64% |
8.64% |
| |
b) Non-encumbered |
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|
|
|
|
| |
-Number of shares |
7100264 |
5642427 |
7100264 |
5642427 |
7098107 |
| |
-Percentage of shares (as a % of the shareholding of promoter and promoter group) |
73.66% |
68.96% |
73.66% |
68.96% |
73.65% |
| |
-Percentage of shares (as a % of the total share capital of the company) |
24.19% |
19.20% |
24.19% |
19.20% |
24.15% |
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| Segment wise revenue, results and capaital employed |
| (Rs. in Lacs) |
| |
Quarter ended |
9 months ended |
Previous |
| |
Accounting Year Audited |
| |
|
31.12.2009 |
31.12.2008 |
31.12.2009 |
31.12.2008 |
31.03.2009 |
| 1 |
Segment revenue |
|
| |
a) Steel Business |
13822.9 |
5122.22 |
33516.22 |
23554.6 |
47466.04 |
| |
b) Oils |
0 |
0 |
0 |
0 |
0 |
| |
c) Others |
1438.03 |
2462.99 |
2263.86 |
2462.99 |
11187.91 |
| |
Total |
15260.93 |
7585.21 |
35780.08 |
26017.59 |
58653.95 |
| 2 |
Segment results(Profit / (Loss) before Interest and Tax) |
|
| |
a) Steel Business |
428.79 |
-1528.91 |
1372.98 |
-844.63 |
-1752.46 |
| |
b)Oils |
0 |
0 |
0 |
0 |
0 |
| |
c)Others |
34.57 |
5.34 |
37.44 |
5.34 |
40.51 |
| |
Total |
463.36 |
-1523.57 |
1410.42 |
-839.29 |
-1711.95 |
| |
Less-Interest |
377.24 |
619.34 |
1174.65 |
1237.33 |
1602.62 |
| |
Profit/(Loss) before Tax |
86.12 |
-2142.91 |
235.77 |
-2076.62 |
-3314.57 |
| 3 |
Capital employed(Segment Assets Less Segment Liabilities) |
|
| |
a) Steel Business |
14333.98 |
8339.29 |
14333.98 |
8339.29 |
13878.8 |
| |
b) Oils |
29.4 |
69.51 |
29.4 |
69.51 |
30.07 |
| |
c) Others |
-17.66 |
373.19 |
-17.66 |
373.19 |
60.5 |
| |
Total |
14345.72 |
8781.99 |
14345.72 |
8781.99 |
13969.37 |
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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 31st December, 2009 were taken on record at the Board meeting held on 25th January,2010 |
| 3 |
There were no investor complaints pending at the beginning of the quarter and during the quarter Company has received 17 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
MANAGING DIRECTOR |
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