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  Audited Financial Results

AUDITED FINANCIAL RESULTS YEAR  ENDED 31st MARCH 2009
 
(Rs. in Lacs)
Particulars
Quarter ended
Year ended
31.03.2009
31.03.2008
31.03.2009
31.03.2008
Unaudited
Unaudited
Audited
Audited
           
1
Net Income from Sales/Services
32497.75
8695.01
58423.73
48167.74
2
Cost of Sales/Services
Total Expenditure
a) (Increase) / decrease  in stock in trade
(1987.86)
(187.24)
(1133.17)
(1134.60)
b) Consumption of raw material
33368.21
6997.15
52651.81
41233.33
c) Staff Cost
195.89
201.25
751.09
656.73
d) Excise Duty
809.59
757.55
3255.37
3270.51
e) Other Expenditure
255.74
298.93
1335.76
1596.87
3
Gross Profit 
(143.82)
627.37
1562.87
2544.90
4
General Administrative Expenses
392.99
161.13
2239.29
548.47
5
Selling and Distribution Expenses
373.95
253.82
905.52
989.91
6
Operating Profit before Interest & Depreciation 
(910.76)
212.42
(1581.94)
1006.52
7
Interest
415.25
186.06
1602.62
930.13
8
Depreciation
103.35
77.04
360.23
265.05
9
Operating Profit/(Loss) after Interest & Depreciation (1-2-4-5-7-8)
(1429.36)
(50.68)
(3544.79)
(188.66)
10
Other Income
188.57
71.49
230.22
395.29
11
Profit/(Loss) before Tax
(1240.79)
20.81
(3314.57)
206.63
12
Provision for Current Tax
0.00
15.43
0.00
59.64
13
Deferred Tax Liabilities /(Assets)
(421.83)
(8.41)
(1126.71)
11.80
14
Fringe Benefit Tax
3.44
2.00
8.19
7.91
15
Income tax related to previous years
(37.62)
-
(37.62)
75.65
16
Net Profit / (Loss) (11-12-13-14)
(784.78)
11.79
(2158.43)
51.63
17
Paid-up equity share capital
2937.00
2936.97
2937.00
2936.97
18
Paid-up preference share capital
650.00
650.00
650.00
650.00
19
Reserves excl. revaluation reserves
-
-
41.51
774.81
20
Earning Per Share (Not Annualised)
Basic & Diluted Rupees
(2.67)
0.04
(7.34)
0.18
21
Aggregate of non promoters share holding  No.of Shares      
19749618
21205298
19749618
21205298
Precentage of shareholding
67.21%
72.16%
67.21%
72.16%
22
Promoter and Promoter GroupShareholding
a)
Pledged / Encumbered
-Number of shares
2539400
-
-
-
-Percentage of shares (as a % of the shareholding of promoter and promoter group)
26.35%
-
-
-
-Percentage of shares (as a % of the total share capital of the company)
8.64%
-
-
-
b)
Non-encumbered 
-
-
-
-Number of shares
7098107
-
-
-
-Percentage of shares (as a % of the shareholding of promoter and promoter group)
73.65%
-
-
-
-Percentage of shares (as a % of the total share capital of the company)
24.15%
-
-
-
Segment wise revenue, results and capital employed year ended 31st MARCH 2009
       
1
Segment revenue
a) Steel Business
23007.26
8207.68
46511.90
46304.38
b) Oils
0.00
0.00
0.00
828.78
c) Others
9679.06
558.82
12142.05
1429.87
Total
32686.32
8766.50
58653.95
48563.03
2
Segment results
(Profit /  (Loss) before Interest and Tax)
a) Steel Business
(860.71)
(55.80)
(1752.46)
867.82
b)Oils
0.00
251.79
0.00
251.79
c)Others
35.17
10.88
40.51
17.15
Total 
(825.54)
206.87
(1711.95)
1136.76
Less-Interest
415.25
186.06
1602.62
930.13
Profit/(Loss) before Tax
(1240.79)
20.81
(3314.57)
206.63
3
Capital employed
(Segment Assets Less Segment Liabilities)
a) Steel Business
13878.81
6831.77
13878.81
6831.77
b) Oils
30.06
702.84
30.06
702.84
c) Others
60.50
1155.36
60.50
1155.36
Total
13969.37
8689.97
13969.37
8689.97
1
Previous year's figures have been re-grouped and re-arranged wherever necessary to make them comparable.
2
The audited Financial Results for the year ended  31st March, 2009 were reviewed by the Audit Committee and taken on record at the Board meeting held on 30th June,2009
3
There were no investor complaints pending at the  beginning of the quarter and during the quarter Company has received 8 complaints which were resolved. There were no complaints lying unresolved at the end of the quarter.
4
The Company has revalued Land, Buildings and Plant Machinery at its Factory. The surplus arising out of valuation has been credited to revaluation reserve account.
     
 
Dated:  30th June, 2009.
For & on behalf of the Board of Directors
MANAGING DIRECTOR
   
31st MARCH 2013
31st MARCH 2010
 
 

 
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