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 |
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|
|
|
|
|
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 |
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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. |
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Dated: 30th June, 2009. |
For & on behalf of the Board of Directors
MANAGING DIRECTOR |
|
