STEEL AUTHORITY OF INDIA LIMITED
                            REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003
                          Unaudited Financial Results for the quarter ended 30th June 2010
      Rs / millions
                Quarter ended   Year ended
Sl. No Particulars 30th June 30th June 31st March 2010
    2010 2009  
         
    (Unaudited) (Unaudited) (Audited)
         
1 (a) Net Sales / Income from operations      
        i)  Gross sales 99307.8 97516.2 439347.0
    0.0 0.0 0.0
       ii) Less : Excise Duty 9014.1 7965.0 33833.2
             Sub total (a) (i-ii) 90293.7 89551.2 405513.8
  (b) Other operating income 1039.5 2082.9 7558.3
  Sub total  1 (a) + (b) 91333.2 91634.1 413072.1
         
2 Expenditure      
  a) Increase(-)/Decrease in stock-in-trade and -16788.5 920.9 11610.1
   work in progress      
  b) Consumption of Raw Materials 47021.4 40584.1 160345.7
  c) Purchase of traded goods 13.3 1.0 27.9
  d) Consumption of stores & spares 5733.6 5925.6 25737.6
  e) Employees' cost 20117.1 10797.2 54168.1
  f) Power & Fuel 8783.6 8346.8 33643.0
  g) Depreciation 3505.1 3275.4 13372.4
  h) Other Expenditure 9928.4 7376.1 33981.6
  i) Less: Finished Products Internally Consumed 1904.3 1131.4 5894.2
  Sub total  2 (a) to (h) - (i) 76409.7 76095.7 326992.2
3 Profit from operations before other income, interest 14923.5 15538.4 86079.9
  and exceptional items ( 1-2)      
4 Other Income      
  i)  Interest earned  3741.6 5335.1 18609.8
  ii) Other Income  120.4 65.9 650.7
  Sub total (i+ii) 3862.0 5401.0 19260.5
5 Profit before interest and exceptional items ( 3+4) 18785.5 20939.4 105340.4
6 Interest 1296.4 836.9 4020.1
7 Profit after interest but before exceptional items ( 5-6) 17489.1 20102.5 101320.3
8 Exceptional items (Price escalation of previous years) 0.0 0.0 0.0
9 Profit from ordinary activities before tax ( 7+8) 17489.1 20102.5 101320.3
  0      
  0 0.0 0.0 10132030.0
10 Tax Expense      
               (a) Current Tax 5780.5 7679.4 33711.7
    0.0 0.0 0.0
              (b)  Deferrred Tax Liability / Assets ( - ) -57.9 -881.2 817.2
              (c)  Earlier years  0.0 0.0 -752.3
                         Sub-Total ( a to c ) 5722.6 6798.2 33776.6
11 Net Profit from ordinary activities after Tax ( 9-10 ) 11766.5 13304.3 67543.7
12 Extraordinary items (net of tax expense Rs. Nil) 0.0 0.0 0.0
13 Net Profit for the period (11-12) 11766.5 13304.3 67543.7
14 Paid up Equity Share Capital 41304.0 41304.0 41304.0
  ( Face value : Rs. 10 per share )      
15 Reserves (excluding revaluation reserve )     291863.0
  as per balance sheet of previous accounting year      
16 Basic and Diluted Earnings per share before and after  2.85 3.22 16.35
  extraordinary items ( Not Annualised )  ( Rupees )      
  Debt Service Coverage Ratio (Number of times)      
  Interest Service Coverage Ratio (Number of times)      
17 Aggregate of public share holding      
             -  Number of shares 585071415 585067015 585070815
             -  Percentage of share holding 14.16 14.16 14.16
18 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
          - Percentage of shares (as a % of the total 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
            share capital of the company)