Annexure - II
                                                             STEEL AUTHORITY OF INDIA LIMITED
                            REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003
                          Unaudited Financial Results for the quarter ended 30th June 2009
  Rs / millions
                Quarter ended     Year Ended
Sl. No Particulars 30th June  30th June      31st March 
    2009 2008     2009
             
    (Unaudited) (Unaudited)     (Audited)
             
1 (a) Net Sales / Income from operations        
        i)  Gross sales 97467.5 121834.9 0.0 0.0 486653.7
        ii) Finished products internally consumed 0.0 0.0 0.0 0.0 0.0
       ii) Less : Excise Duty 7961.1 14612.1 0.0 0.0 55313.1
             Sub total (a) (i-ii) 89506.4 107222.8 0.0 0.0 431340.6
  (b) Other operating income 2021.5 1134.1 0.0 0.0 5056.7
  Sub total  1 (a) + (b) 91527.9 108356.9 0.0 0.0 436397.3
             
2 Expenditure        
  a) Increase(-)/Decrease in stock-in-trade and 920.9 -1843.1 0.0 0.0 -19345.3
   work in progress        
  b) Consumption of Raw Materials 40273.2 33874.1 0.0 0.0 187366.5
  c) Purchase of traded goods 0.0 6.4 0.0 0.0 67.7
  d) Consumption of stores & spares 6529.6 7988.2 0.0 0.0 30210.9
  e) Employees' cost 10708.7 22153.7 0.0 0.0 84015.1
  f) Power & Fuel 8147.6 7792.0 0.0 0.0 31146.3
  g) Depreciation 3268.7 3165.2 0.0 0.0 12851.2
  h) Other Expenditure 7323.0 12587.4 0.0 0.0 38388.4
  i) Less: Finished Products Internally Consumed 1130.9 1937.5 0.0 0.0 5687.0
  Sub total  2 (a) to (h) - (i) 76040.8 83786.4 0.0 0.0 359013.8
3 Profit from operations before other income, interest 15487.1 24570.5 0.0 0.0 77383.5
  and exceptional items ( 1-2)          
4 Other Income        
  i)  Interest earned  5333.8 3900.0 0.0 0.0 18289.6
  ii) Other Income  65.9 25.5 0.0 0.0 733.6
  Sub total (i+ii) 5399.7 3925.5 0.0 0.0 19023.2
5 Profit before interest and exceptional items ( 3+4) 20886.8 28496.0 0.0 0.0 96406.7
6 Interest 827.7 567.6 0.0 0.0 2532.4
7 Profit after interest but before exceptional items ( 5-6) 20059.1 27928.4 0.0 0.0 93874.3
8 Exceptional items (Price escalation of previous years) 0.0 0.0 0.0 0.0 160.2
9 Profit from ordinary activities before tax ( 7+8) 20059.1 27928.4 0.0 0.0 94034.5
10 Tax Expense        
               (a) Current Tax 7679.4 10409.2 0.0 0.0 34686.7
               (b) Fringe Benefit  Tax 0.0 79.8 0.0 0.0 520.6
              (c)  Deferrred Tax Liability / Assets ( - ) -881.2 -912.5 0.0 0.0 -2364.5
              (d)  Earlier years  0.0 0.0 0.0 0.0 -556.4
                         Sub-Total ( a to d ) 6798.2 9576.5 0.0 0.0 32286.4
11 Net Profit from ordinary activities after Tax ( 9-10 ) 13260.9 18351.9 0.0 0.0 61748.1
12 Extraordinary items (net of tax expense Rs. Nil)        
13 Net Profit for the period (11-12) 13260.9 18351.9 0.0 0.0 61748.1
14 Paid up Equity Share Capital 41304.0 41304.0 0.0 0.0 41304.0
  ( Face value : Rs. 10 per share )        
15 Reserves (excluding revaluation reserve )   0.0 0.0 238537.0
  as per balance sheet of previous accounting year        
16 Basic and Diluted Earnings per share before and after  3.21 4.44 0.00 0.00 14.95
  extraordinary items ( Not Annualised )  ( Rupees )        
17 Aggregate of public share holding        
             -  Number of shares 58,50,67,015 58,49,34,610 0.00 0.00 58,50,66,915
             -  Percentage of share holding 14.16 14.16 0.00 0.00 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)