STEEL AUTHORITY OF INDIA LIMITED
                            REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003
                          Unaudited Financial Results for the half year ended 30th September 2009
      Rs / Lakhs
                Quarter ended             Half year ended Year Ended
Sl. No Particulars 30th September 30th September 30th September 30th September 31st March 
    2009 2008 2009 2008 2009
             
    (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
             
1 (a) Net Sales / Income from operations      
        i)  Gross sales 1072957 1354424 2048119 2572773 4866537
        ii) Finished products internally consumed      
       ii) Less : Excise Duty 78565 159575 158215 305696 553131
             Sub total (a) (i-ii) 994392 1194849 1889904 2267077 4313406
  (b) Other operating income 9513 11769 29973 23110 50567
  Sub total  1 (a) + (b) 1003905 1206618 1919877 2290187 4363973
             
2 Expenditure      
  a) Increase(-)/Decrease in stock-in-trade and 39523 -114218 48860 -132649 -193453
   work in progress      
  b) Consumption of Raw Materials 388042 448891 793883 787632 1873665
  c) Purchase of traded goods 72 431 82 495 677
  d) Consumption of stores & spares 70933 84233 131536 164115 302109
  e) Employees' cost 112778 310331 220750 531868 840151
  f) Power & Fuel 87698 85782 169691 163702 311463
  g) Depreciation 33222 31939 65976 63591 128512
  h) Other Expenditure 80673 103455 154065 229329 383884
  i) Less: Finished Products Internally Consumed 14649 13439 25963 32814 56870
  Sub total  2 (a) to (h) - (i) 798292 937405 1558880 1775269 3590138
3 Profit from operations before other income, interest 205613 269213 360997 514918 773835
  and exceptional items ( 1-2)          
4 Other Income      
  i)  Interest earned  51407 39836 104758 78836 182896
  ii) Other Income  2216 2404 2875 2659 7336
  Sub total (i+ii) 53623 42240 107633 81495 190232
5 Profit before interest and exceptional items ( 3+4) 259236 311453 468630 596413 964067
6 Interest 7350 4754 15719 10430 25324
7 Profit after interest but before exceptional items ( 5-6) 251886 306699 452911 585983 938743
8 Exceptional items (Price escalation of previous years) 0 0   1602
9 Profit from ordinary activities before tax ( 7+8) 251886 306699 452911 585983 940345
10 Tax Expense      
               (a) Current Tax 88485 114775 165279 218867 346867
               (b) Fringe Benefit  Tax 0 1952 0 2750 5206
              (c)  Deferrred Tax Liability / Assets ( - ) 209 -7904 -8603 -17029 -23645
              (d)  Earlier years  -3157 -3084 -3157 -3084 -5564
                         Sub-Total ( a to d ) 85537 105739 153519 201504 322864
11 Net Profit from ordinary activities after Tax ( 9-10 ) 166349 200960 299392 384479 617481
12 Extraordinary items (net of tax expense Rs. Nil) 0 0 0 0 0
13 Net Profit for the period (11-12) 166349 200960 299392 384479 617481
14 Paid up Equity Share Capital 413040 413040 413040 413040 413040
  ( Face value : Rs. 10 per share )      
15 Reserves (excluding revaluation reserve )     2385370
  as per balance sheet of previous accounting year      
16 Basic and Diluted Earnings per share before and after  4.03 4.87 7.25 9.31 14.95
  extraordinary items ( Not Annualised )  ( Rupees )      
17 Debt Service Coverage Ratio (Number of times) 16.78 39.22 17.65 29.23 31.95
18 Interest Service Coverage Ratio (Number of times) 16.06 65.10 16.18 56.70 29.59
19 Aggregate of public share holding      
             -  Number of shares 58,50,67,015 58,50,16,463 58,50,67,015 58,50,16,463 58,50,66,915
             -  Percentage of share holding 14.16 14.16 14.16 14.16 14.16
20 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 3544690285
          - Percentage of shares (as a % of the total 100.00 100.00 100.00 100.00 100.00
            shareholding of the promoter and promoter group)      
          - Percentage of shares (as a % of the total 85.82 85.82 85.82 85.82 85.82
            share capital of the company)