| Audited Financial
Results for the Quarter/Year ended on 31st March 2007 |
| S.no |
Particulars |
Nine Months ended
( Reviewed )
31st December
2006
|
Quarter ended
|
Year ended |
Consolidated Financial
Results |
| |
|
|
( Audited ) |
( Audited ) |
( Unaudited ) |
( Audited ) |
| |
|
31st December
2006
|
31st March 2007 |
31st March 2006 |
31st March 2007 |
31st March 2006 |
31st March 2007 |
31st March 2006 |
| 1 |
Gross sales/ Income from operations
|
283565.70
|
119351.80
|
103072.30
|
402917.50
|
331779.70
|
406292.00
|
334669.20
|
| |
Less : Excise Duty
|
37154.40
|
15501.00
|
13276.10
|
52655.40
|
44194.10
|
52863.10
|
44269.40
|
| 2 |
Net sales / Income from operations
|
246411.30
|
103850.80
|
89796.20
|
350262.10
|
287585.60
|
353428.90
|
290399.80
|
| 3 |
Interest Earned
|
5375.60
|
2150.40
|
1022.30
|
7526.00
|
4614.90
|
7526.00
|
4614.90
|
| 4 |
Other Income
|
628.60
|
237.50
|
734.60
|
866.10
|
1189.60
|
987.10
|
1305.40
|
| |
|
|
|
|
|
|
|
|
| 5. |
Total Income ( 2+3+4 )
|
252415.50
|
106238.70
|
91553.10
|
358654.20
|
293390.10
|
361942.00
|
296320.10
|
| |
|
|
|
|
|
|
|
|
| 6 |
Expenditure
|
|
|
|
|
|
|
|
| |
a) Increase(-)/Decrease in stock-in-trade
|
-7401.00
|
4935.80
|
13977.50
|
-2465.20
|
-10106.50
|
-2200.00
|
-9890.70
|
| |
b) Consumption of Raw Materials
|
90875.60
|
31745.50
|
30794.20
|
122621.10
|
114047.40
|
120783.70
|
112688.10
|
| |
c) Staff cost
|
34560.40
|
16313.80
|
10265.40
|
50874.20
|
41566.90
|
51327.40
|
41941.30
|
| |
d) Consumption of stores & spares
|
19279.10
|
6775.80
|
6143.60
|
26054.90
|
23115.80
|
26089.70
|
23158.40
|
| |
e) Power & Fuel
|
19232.70
|
6555.70
|
6575.00
|
25788.40
|
24939.90
|
27018.00
|
25886.20 |
| |
f) Other Expenditure
|
18829.90
|
7288.60
|
7118.70
|
26118.50
|
26018.60
|
28078.10
|
27337.70
|
| |
Total Expenditure ( a to f )
|
175376.70
|
73615.20
|
74874.40
|
248991.90
|
219582.10
|
251096.90
|
221121.00
|
| 7 |
Profit before Depreciation , Interest & Tax ( 5-6 )
|
77038.80
|
32623.50
|
16678.70
|
109662.30
|
73808.00
|
110845.10
|
75199.10
|
| |
|
|
|
|
|
|
|
|
| 8 |
Interest
|
2766.50
|
554.80
|
1059.90
|
3321.30
|
4677.60
|
3443.60
|
4841.90
|
| 9 |
Depreciation |
9292.80
|
2822.00
|
3041.30
|
12114.80
|
12073.00
|
12382.40
|
12570.80
|
| 10 |
Profit before tax ( 7-8-9 )
|
64979.50
|
29246.70
|
12577.50
|
94226.20
|
57057.40
|
95019.10
|
57786.40
|
| 11 |
Provision for Taxation
|
|
|
|
|
|
|
|
| |
(a) Current Tax
|
22939.60
|
10051.60
|
1123.30
|
32991.20
|
19154.00
|
33239.50
|
19318.40
|
| |
(b) Fringe Benefit Tax
|
183.00
|
81.80
|
28.90
|
264.80
|
243.30
|
267.60
|
246.60
|
| |
(c) Deferrred Tax Liability / Assets ( - )
|
-838.70
|
120.70
|
409.20
|
-718.00
|
-2453.70
|
-771.40
|
-2440.70
|
| |
(d) Earlier years |
-308.50
|
-26.20
|
-15.90
|
-334.70
|
-15.90
|
-332.10
|
-15.60
|
| |
Sub-Total
( a to d )
|
21975.40
|
10227.90
|
1545.50
|
32203.30
|
16927.70
|
32403.60
|
17108.70
|
| 12 |
Net Profit after Tax
( 10-11 )
|
43004.10
|
19018.80
|
11032.00
|
62022.90
|
40129.70
|
62615.50
|
40677.70
|
| 13 |
Minority Interest
|
|
|
|
|
|
1.20
|
1.70
|
| 14 |
Net Profit after Minority Interest ( 12-13 )
|
43004.10
|
19018.80
|
11032.00
|
62022.90
|
40129.70
|
62614.30
|
40676.00
|
| 15 |
Paid up Equity Share Capital
|
41304.00
|
41304.00
|
41304.00
|
41304.00
|
41304.00
|
41304.00
|
41304.00
|
| |
( Face value : Rs. 10 per share )
|
|
|
|
|
|
|
|
| 16 |
Reserves (excluding revaluation reserve ) & Surplus |
|
131827.50
|
84710.10
|
131827.50
|
84710.10
|
133422.00
|
85805.30
|
| 17 |
Earnings per share - Basic and Diluted
|
10.41
|
4.60
|
2.67
|
15.02
|
9.72
|
15.16
|
9.85
|
| |
( Not Annualised ) ( Rupees )
|
|
|
|
|
|
|
|
| 18 |
Aggregate of public share holding
|
|
|
|
|
|
|
|
| |
- Number of shares
|
58,41,17,725
|
58,41,63,425
|
58,40,48,325
|
58,41,63,425
|
58,40,48,325
|
|
|
| |
- Percentage of share holding
|
14.14
|
14.15
|
14.14
|
14.15
|
14.14
|
|
|
Notes :
i) The above results for the Quarter/Year ended 31st March 2007 were
taken on record at the Board of Directors meeting held on 21st May
2007. The audited accounts are subject to review by the Comptroller
and Auditor General of India under section 619(4) of the Companies
Act, 1956.
ii) The provision for income-tax for the current quarter is not comparable
with the corresponding quarter of the previous year due to the benefit
of brought forwards losses and unabsorbed depreciation of erstwhile
wholly owned subsidiary company, Indian Iron & Steel Company Limited,
merged with the Company during the corresponding quarter of previous
year.
iii) The Board of Directors have recommended a final dividend of 15%
on paid-up equity share capital, in addition to the interim dividend
of 16% already paid, for the financial year 2006-07, thus taking the
total dividend to 31% on paid-up equity share capital, subject to
approval of shareholders.
iv) The following subsidiary, associate and joint venture companies
have been considered for the purpose of preparing Consolidated Financial
Results as per the following Accounting Standards: (a) Consolidated
Financial Statements (AS-21), (b) Accounting for investments in Associates
in Consolidated Financial Statements (AS-23), (c) Financial Reporting
of interests in Joint Ventures (AS-27) :
Subsidiary : Maharashtra Elektrosmelt Ltd.* (99.12)
Joint Ventures : 1. NTPC-SAIL Power Company (Pvt)
Ltd* (50) 2. Bokaro Power Supply Company (Pvt) Ltd** (50) 3. Mjunction
Services Limited* (50) 4. UEC-SAIL Information Technology Ltd** (40)
5. North Bengal Dolomite Limited (50)** 6. SAIL- Bansal Service Centre
Ltd. (40)** 7. N.E. Steels & Galvanising Pvt. Limited ** (49).
Associate : Almora Magnesite Ltd.* (20)
* Based on audited accounts for 2006-07
** Based on unaudited accounts for 2006-07.
The accounts of JV company, namely, Romelt-SAIL (India) Ltd (15) are
not available, as such have not been considered in the consolidated
financial results, proportionate share in SAIL’s turnover is
insignificant.
(Figures in brackets indicate % share of ownership of the Company
in these entities)
v) The information on Investor’s complaints pursuant to Clause
41 of the listing agreement for the quarter ended 31st March, 2007
is :
|
| Opening Balance |
Received during the quarter
|
Resolved during the quarter
|
Closing balance
|
| 1 |
24 |
24 |
1 |
vi ) Figures for the previous periods/year have been regrouped, wherever
necessary.
|
| On behalf of Board of Directors: |
Place : New Delhi
.Date : 21th May, 2007 |
Soiles Bhattacharya
Director Finance
|