1.

Sales/ Income from operations

80851.90

75590.20

145555.70

133386.90

325695.30

2.

Less : Excise Duty

10674.40

8360.70

21392.00

13286.50

33350.10

70177.50

67229.50

124163.70

120100.40

292345.20

3.

Interest Earned

1275.90

689.00

2502.80

1115.20

2627.60

4.

Other Income

109.30

164.10

121.10

299.60

244.70

5.

Total Expenditure

a) Increase(-)/Decrease in stock in trade

-626.40

-682.20

-18099.00

-6003.00

-2476.10

b) Consumption of Raw Materials

24629.80

21088.60

49515.90

39867.30

87379.50

c) Staff cost

9729.30

10986.40

19818.60

19692.60

38114.50

d) Consumption of stores & spares

5645.20

4554.50

10488.40

8655.80

19000.60

e) Power & Fuel

5945.90

5495.60

11655.10

10730.20

21955.90

f) Other Expenditure

5226.70

4782.90

11245.40

10004.90

20269.60

6.

Profit before Depreciation , Interest & Tax

21012.20

21856.80

42163.20

38567.40

110973.50

7.

Interest

1145.40

852.30

2442.50

2720.60

6050.50

8.

Depreciation

2801.70

2773.10

5641.00

5562.50

11269.50

9.

Profit/Loss (-) before tax ( 6-7-8 )

17065.10

18231.40

34079.70

30284.30

93653.50

10.

Provision for current taxation

- Current Tax

6549.90

1439.00

13475.20

2376.00

7480.60

- Fringe Benefit Tax

92.00

0.00

137.00

0.00

- Deferrred Tax

-844.40

1660.90

-2038.50

1660.90

18443.10

-Earlier years adjustments

0.00

-439.90

12.

Paid up Equity Share Capital( Face value : Rs. 10 per share )

41304.00

13.

(a) Reserves excluding revaluation reserves

61762.5

14.

Basic and Diluted Earning per share(Not Annualised) (Rs.)

2.73

3.66

5.45

6.35

16.50

15.

Aggregate of non-promoters Shareholding

- No. of shares

58,57,10,260

- Percentage of shareholding

14.18

Notes :

i) The profit after tax in the current quarter/half year is not comparable with the corresponding quarter/half year of previous year. In the previous year, due to brought forward losses, unabsorbed depreciation and other reliefs available under the Income Tax Act, only the minimum tax on book profits under section 115JB of the Act was provided in the accounts. In the current quarter/half year, normal tax provision has been made.

ii) Pursuant to the directions of the Ministry of Company Affairs in the matter of Company’s application under sections 391 to 394 of the Companies Act, 1956 for the “Scheme of Amalgamation” (Scheme) w.e.f. 1st April, 2005 (Appointed date) between the Company and its wholly owned subsidiary company, Indian Iron & Steel Co. Limited, meeting of shareholders of the Company has been convened on 8th November, 2005 for consideration and seeking approval of the Scheme. The effect of the Scheme on the financial results will be given upon receipt of necessary approvals from the Ministry of Company Affairs and concerned authorities.

iii) The information on investors’ complaints pursuant to clause 41 of the listing agreement for the quarter ended 30th September, 2005.

Opening balance	Received during the quarter	Resolved during the quarter	closing balance
2	14	16	NIL

iv) The figures of previous periods have been re-grouped to conform to current quarter/half year’s classification.

v) The above results for the quarter/half year ended 30th September, 2005 were taken on record at the Board of Directors meeting held on 27th October, 2005.

On behalf of Board of Directors

Place : New Delhi	( G.C Daga )
Date : October 27 , 2005	Director( Finance)