STEEL AUTHORITY OF INDIA LIMITED
                            REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003
                          Audited Financial Results for the year ended 31st March 2009
      Rs / millions
                Quarter ended             Year ended
Sl. No Particulars 31st March  31st March  31st March  31st March 
    2009 2008 2009 2008
           
    (Audited) (Audited) (Audited) (Audited)
           
1 (a) Net Sales / Income from operations    
        i)  Gross sales 129918.6 152163.3 486653.7 452420.9
        ii) Finished products internally consumed 1126.5 1095.1 5687.0 4908.1
       iii) Less : Excise Duty 12529.2 19770.3 55313.1 60451.9
             Sub total (a) (i+ii-iii) 118515.9 133488.1 437027.6 396877.1
  (b) Other operating income 2062.0 1308.0 5056.7 5281.5
  Sub total  1 (a) + (b) 120577.9 134796.1 442084.3 402158.6
           
2 Expenditure    
  a) Increase(-)/Decrease in stock-in-trade and 13843.4 10045.6 -19345.3 -3376.0
   work in progress    
  b) Consumption of Raw Materials 49797.9 34238.3 187366.5 126289.2
  c) Purchase of traded goods 0.4 21.6 67.7 36.3
  d) Consumption of stores & spares 7152.7 7783.5 30210.9 28644.3
  e) Employees' cost 13369.1 32701.0 84015.1 79190.2
  f) Power & Fuel 7647.7 7498.2 31146.3 28222.5
  g) Depreciation 3298.2 3170.6 12851.2 12354.8
  h) Other Expenditure 7669.6 9075.5 38388.4 29761.9
  Sub total  2 (a) to (h) 102779.0 104534.3 364700.8 301123.2
3 Profit from operations before other income, interest 17798.9 30261.8 77383.5 101035.4
  and exceptional items ( 1-2)        
4 Other Income    
  i)  Interest earned  5356.7 3153.1 18289.6 11847.6
  ii) Other Income  -33.4 620.3 733.6 1181.2
  Sub total (i+ii) 5323.3 3773.4 19023.2 13028.8
5 Profit before interest and exceptional items ( 3+4) 23122.2 34035.2 96406.7 114064.2
6 Interest 411.7 521.9 2532.4 2509.4
7 Profit after interest but before exceptional items ( 5-6) 22710.5 33513.3 93874.3 111554.8
8 Exceptional items (Price escalation of previous years) 160.2 3132.5 160.2 3132.5
9 Profit from ordinary activities before tax ( 7+8) 22870.7 36645.8 94034.5 114687.3
10 Minority Interest    
11 Net Profit after Minority Interest ( 9-11 ) 22870.7 36645.8 94034.5 114687.3
12 Provision for Taxation     
               (a) Current Tax 9134.6 11428.2 34686.7 37458.1
               (b) Fringe Benefit  Tax 76.7 132.0 520.6 329.0
              (c)  Deferrred Tax Liability / Assets ( - ) -1114.3 1349.5 -2364.5 1559.4
              (d)  Earlier years  -93.1 -31.5 -556.4 -27.0
                         Sub-Total ( a to d ) 8003.9 12878.2 32286.4 39319.5
13 Net Profit from ordinary activities after Tax ( 11-12 ) 14866.8 23767.6 61748.1 75367.8
14 Extraordinary items (net of tax expense Rs. Nil) 0.0 0.0 0.0 0.0
15 Net Profit for the period (13-14) 14866.8 23767.6 61748.1 75367.8
16 Paid up Equity Share Capital 41304.0 41304.0 41304.0 41304.0
  ( Face value : Rs. 10 per share )    
17 Reserves (excluding revaluation reserve )   238537.0 189331.7
  as per balance sheet of previous accounting year    
18 Basic and Diluted Earnings per share before and after  3.60 5.75 14.95 18.25
  extraordinary items ( Not Annualised )  ( Rupees )    
19 Aggregate of public share holding    
             -  Number of shares 58,50,66,915 58,49,23,210 58,50,66,915 58,49,23,210
             -  Percentage of share holding 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 3544690285.00 3544690285.00 3544690285.00 3544690285.00
          - 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)