Unaudited Financial Results for the Quarter ended on 30th June, 2006
STEEL AUTHORITY OF INDIA LIMITED,
REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003
Rs / Million
S.No. Particulars Quarter ended ( Unaudited ) Financial (Audited)
30th June,2006
 30th June,2005
 Financial year Ended
31st March,2006
1. Sales/ Income from operations
 86952.80 67305.60
 331737.20
2
 Less : Excise Duty
 12788.50
 10898.30
 44421.80
  Net sales / Income from operations
 74164.30
 56407.30
 287315.40
 
3
 Interest Earned
1433.20
1212.70
4614.90
4
 Other Income
79.50
107.50
 1189.60
  Total Income
 75677.00
 57727.50
 293119.90
         
5
 Expenditure
  a) Increase(-)/Decrease in stock in trade
 -8953.70
 -18544.10
 -10333.00
  b) Consumption of Raw Materials
 28745.60
 26392.70
 114047.40
  c) Staff cost
 11875.60
 10951.50
 41566.90
  d) Consumption of stores & spares
 6163.40
 5157.30
 23115.80
  e) Power & Fuel
 6324.20
 5930.10
 24897.40
  f) Other Expenditure
 6624.20
 6554.50
 26017.40
  Total Expenditure
 50779.30
 36442.00
 219311.90
6
 Profit before Depreciation , Interest & Tax
24897.70
 21285.50
 73808.00
7
 Interest
 936.70
 1319.90
 4677.60
8
 Depreciation
 2958.80
 2923.40
 12073.00
9
 Profit before tax ( 6-7-8 )
 21002.20
 17042.20
 57057.40
10
 Provision for Taxation
     
  - Current Tax
 8221.00
 6925.30
 19154.00
  - Fringe Benefit Tax
 60.90
 46.20
 243.30
  - Deferrred Tax
 -1143.80
 -1194.10
 -2453.70
  -Earlier year's adjustments
0.00
 0.00
 -15.90
         
11
 Net Profit
 13864.10
 11264.80
 40129.70
12
 Paid up Equity Share Capital
 41304.00
 41304.00
 41304.00
  ( Face value : Rs. 10 per share )
      
13
 Reserves (excluding revaluation reserve ) & surplus
     84710.10
14
 Basic and Diluted Earnings per share
 3.36
 2.73
 9.72
  ( Not Annualised ) ( Rupees )
      
15
 Aggregate of non-promoters share holding
      
  - No. of shares
 58,57,10,260
 58,57,10,260
 58,57,10,260
  - Percentage of share holding
 14.18
 14.18
 14.18
         

Notes :

i) The above results for the quarter ended 30th June, 2006 were taken on record at the Board of Directors’ meeting held on 28th July, 2006.

ii) Pursuant to the amalgamation of the Indian Iron & Steel Company Limited, with the Company with effect from 16th February 2006, from the appointed date i.e.1st April 2005, previous year’s figures for the quarter have been re-grouped.

iii) Net sales/income from operations for the current quarter includes Rs.5581.70 million, for the earlier periods, consequent to the effect of price escalations finalised with a major customer.

iv) The information on Investors’ complaints pursuant to clause 41 of the listing agreement for the quarter ended 30th June 2006:
Opening Balance Received during the quarter Resolved during the quarter Closing balance
- 21 20 1
On behalf of Board of Directors :
Place: New Delhi
Dated: 28th July, 2006
(G.C. Daga)

Director (Finance)