Annexure - II
                                                             STEEL AUTHORITY OF INDIA LIMITED
                            REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003
                          Audited Financial Results for the year ended 31st March 2010
      Rs / millions
                Quarter ended             Year ended       Consolidated Financial Results
Sl. No Particulars 31st March 31st March 31st March 31st March Year ended Year ended
    2010 2009 2010 2009 31st March  31st March 
            2010 2009
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited) (Audited)
               
1 (a) Net Sales / Income from operations        
        i)  Gross sales 130058.8 130272.3 439347.0 487220.9 439910.2 487690.5
  0 0.0 0.0 0.0 0.0 0.0 0.0
       ii) Less : Excise Duty 10506.8 12532.7 33833.2 55340.5 33908.7 55897.1
             Sub total (a) (i-ii) 119552.0 117739.6 405513.8 431880.4 406001.5 431793.4
  (b) Other operating income 2745.6 2120.4 7558.3 5290.6 7563.5 5298.4
  Sub total  1 (a) + (b) 122297.6 119860.0 413072.1 437171.0 413565.0 437091.8
               
2 Expenditure        
  a) Increase(-)/Decrease in stock-in-trade and 8844.1 13843.4 11610.1 -19345.3 11798.8 -19794.4
   work in progress        
  b) Consumption of Raw Materials 42726.8 50098.6 160345.7 188569.2 158053.6 186343.2
  c) Purchase of traded goods 3.4 7.4 27.9 95.8 27.9 95.8
  d) Consumption of stores & spares 6220.1 6546.8 25737.6 28237.4 25800.5 28302.9
  e) Employees' cost 16380.7 13519.0 54168.1 84614.6 54562.0 85128.6
  f) Power & Fuel 9493.7 8170.3 33643.0 31831.5 35172.7 33148.9
  g) Depreciation 3384.4 3304.8 13372.4 12877.7 13397.2 12899.6
  h) Other Expenditure 9343.2 7711.5 33981.6 38630.3 34139.4 38780.5
  i) Less: Finished Products Internally Consumed 1685.0 1129.7 5894.2 5699.8 5894.2 5699.8
  Sub total  2 (a) to (h) - (i) 94711.4 102072.1 326992.2 359811.4 327057.9 359205.3
3 Profit from operations before other income, interest 27586.2 17787.9 86079.9 77359.6 86507.1 77886.5
  and exceptional items ( 1-2)            
4 Other Income        
  i)  Interest earned  4109.3 5366.7 18609.8 18329.5 18685.1 18414.9
  ii) Other Income  320.0 -33.4 650.7 733.6 664.4 740.8
  Sub total (i+ii) 4429.3 5333.3 19260.5 19063.1 19349.5 19155.7
5 Profit before interest and exceptional items ( 3+4) 32015.5 23121.2 105340.4 96422.7 105856.6 97042.2
6 Interest 1347.1 427.1 4020.1 2594.1 4021.9 2596.7
7 Profit after interest but before exceptional items ( 5-6) 30668.4 22694.1 101320.3 93828.6 101834.7 94445.5
8 Exceptional items (Price escalation of previous years) 0.0 160.2 0.0 160.2 166.0 231.2
9 Profit from ordinary activities before tax ( 7+8) 30668.4 22854.3 101320.3 93988.8 102000.7 94676.7
10 Minority Interest         3.2 2.7
11 Net Profit after Minority Interest ( 9-10 ) 30668.4 22854.3 101320.3 93988.8 101997.5 94674.0
12 Tax Expense        
               (a) Current Tax 8523.4 9153.3 33711.7 34705.4 33984.2 34950.4
               (b) Fringe Benefit  Tax 0.0 78.5 0.0 522.4 0.0 524.1
              (c)  Deferrred Tax Liability / Assets ( - ) 1732.6 -1136.4 817.2 -2386.6 863.7 -2421.4
              (d)  Earlier years  -436.6 -93.1 -752.3 -556.4 -758.1 -556.4
                         Sub-Total ( a to d ) 9819.4 8002.3 33776.6 32284.8 34089.8 32496.7
13 Net Profit from ordinary activities after Tax ( 11-12 ) 20849.0 14852.0 67543.7 61704.0 67907.7 62177.3
14 Extraordinary items (net of tax expense Rs. Nil) 0.0 0.0 0.0 0.0 0.0 0.0
15 Net Profit for the period (13-14) 20849.0 14852.0 67543.7 61704.0 67907.7 62177.3
16 Paid up Equity Share Capital 41304.0 41304.0 41304.0 41304.0 41304.0 41304.0
  ( Face value : Rs. 10 per share )        
17 Reserves (excluding revaluation reserve )   291863.0 240178.2 293416.0 241202.4
  as per balance sheet of previous accounting year        
18 Basic and Diluted Earnings per share before and after  5.05 3.60 16.35 14.94 16.44 15.05
  extraordinary items ( Not Annualised )  ( Rupees )        
19 Debt Service Coverage Ratio (Number of times)   45.82 79.41    
20 Interest Service Coverage Ratio (Number of times)   14.44 29.05    
21 Aggregate of public share holding        
             -  Number of shares 58,50,70,815 58,50,66,915 58,50,70,815 58,50,66,915    
             -  Percentage of share holding 14.16 14.16 14.16 14.16    
22 Promoters and Promoter group shareholding        
    (a) Pledged / Encumbered        
          - Number of Shares - - - - - -
          - Percentage of shares (as a % of the total - - - - - -
            shareholding of the promoter and promoter group)        
          - Percentage of shares (as a % of the total - - - - - -
            share capital of the company)        
    (b) Non-Encumbered        
          - Number of Shares 3544690285 3544690285 3544690285 3544690285    
          - Percentage of shares (as a % of the total 100.00 100.00 100.00 100.00    
            shareholding of the promoter and promoter group)        
          - Percentage of shares (as a % of the total 85.82 85.82 85.82 85.82    
            share capital of the company)