 Audited Financial Results for the year ended 31st March 2011
| Figures in Rupees lakhs. |
| |
Quarter ended 31.03.2011 (Audited) |
Quarter
ended
31.03.2010
(Audited) |
Current accounting year ended
31.03.2011
(Audited) |
Previous
accounting year ended
31.03.2010
(Audited) |
| 1 |
(a) Net Sales / Income from operations |
19,164 |
16,729 |
67,578 |
52,001 |
| (b) Other Operating Income |
380 |
364 |
734 |
1,554 |
| 2 |
Total Income [1(a)+(b)] |
19,544 |
17,093 |
68,312 |
53,555 |
| 3 |
Expenditure |
|
|
|
|
| a) (Increase) / decrease in stock in trade |
599 |
827 |
(498) |
255 |
| b) Consumption of raw materials |
9,996 |
8,752 |
44,501 |
31,955 |
| c) Employees cost |
538 |
599 |
1,983 |
2,039 |
| d) Depreciation |
452 |
478 |
1,852 |
1,938 |
| e) Other expenditure |
2,018 |
1,622 |
6,621 |
5,360 |
| f) Total |
13,603 |
12,278 |
54,459 |
41,547 |
| 4 |
Profit from Operations before Other Income, Interest & Exceptional Items (2-3) |
5,941 |
4,815 |
13,853 |
12,008 |
| 5 |
Other Income |
414 |
104 |
1,175 |
639 |
| 6 |
Profit before Interest & Exceptional Items (4+5) |
6,355 |
4,919 |
15,028 |
12,647 |
| 7 |
Interest |
- |
25 |
- |
25 |
| 8 |
Profit after Interest but before Exceptional Items (6-7) |
6,355 |
4,894 |
15,028 |
12,622 |
| 9 |
Exceptional items |
- |
- |
- |
- |
| 10 |
Profit (+) / Loss (-) from Ordinary Activities before tax (8-9) |
6,355 |
4,894 |
15,028 |
12,622 |
| 11 |
Tax expense |
2,072 |
1,559 |
4,894 |
4,170 |
| 12 |
Net Profit (+) / Loss (-) from Ordinary Activities after tax (10-11) |
4,283 |
3,335 |
10,134 |
8,452 |
| 13 |
Extraordinary items (net of tax expenses) |
- |
- |
- |
- |
| 14 |
Net Profit (+) / Loss (-) for the period (12-13) |
4,283 |
3,335 |
10,134 |
8,452 |
| 15 |
Paid up Equity Share Capital (Face value : Rs.10 per share) |
1,540 |
1,540 |
1,540 |
1,540 |
| 16 |
Reserves excluding revaluation reserves as per balance sheet |
- |
- |
49,169 |
40,467 |
| 17 |
Earnings Per share (EPS) |
|
|
|
|
| a) Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not annualised) |
27.81 |
21.66 |
65.80 |
54.88 |
| b) Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not annualised) |
27.81 |
21.66 |
65.80 |
54.88 |
| 18 |
Public shareholding |
|
|
|
|
| - No of shares |
8,674,864 |
8,640,486 |
8,674,864 |
8,640,486 |
| - Percentage of shareholding |
56.33 |
56.11 |
56.33 |
56.11 |
| 19 |
Promoters and promoter group Shareholding |
|
|
|
|
| (a) Pledged / Encumbered |
|
|
|
|
| - No. of shares |
Nil |
Nil |
Nil |
Nil |
| - Percentage of shareholding (as a % of total shareholding of the promoter and promoter group) |
Nil |
Nil |
Nil |
Nil |
| - Percentage of shareholding (as a % of the total share capital of the company) |
Nil |
Nil |
Nil |
Nil |
| (b) Non-encumbered |
|
|
|
|
| - No. of shares |
6,725,136 |
6,759,514 |
6,725,136 |
6,759,514 |
| - Percentage of shareholding (as a % of total shareholding of the promoter & promoter group) |
100 |
100 |
100 |
100 |
| - Percentage of shareholding (as a % of the total share capital of the company) |
43.67 |
43.89 |
43.67 |
43.89 |
| Statement of Assets and Liabilities |
| Particulars |
As at 31.03.2011 |
As at 31.03.2010 |
| Audited |
Audited |
| 1 |
Share holders' Funds |
| (a) Equity Capital |
1,540 |
1,540 |
| |
(b) Reserves and Surplus |
49,169 |
40,467 |
| 2 |
Loan Funds |
- |
15 |
| 3 |
Deferred Tax Liabilities (Net) |
3,926 |
4,592 |
| |
Total |
54,635 |
46,614 |
| 4 |
Fixed Assets |
31,778 |
32,740 |
| 5 |
Investments |
3,435 |
80 |
| 6 |
Current Assets, Loans and Advances |
| (a) Inventories |
6,267 |
6,828 |
| (b) Sundry Debtors |
2,233 |
3,751 |
| (c) Cash and Bank balances |
18,806 |
9,331 |
| (d) Other current assets |
242 |
23 |
| (e) Loans & advances |
1,200 |
1,616 |
| 7 |
Less: Current liabilities & provisions |
| (a) Current liabilities |
4,135 |
4,007 |
| (b) Provisions |
5,191 |
3,748 |
| 8 |
Net Current Assets |
19,422 |
13,794 |
| |
Total |
54,635 |
46,614 |
Notes:
- Figures for the previous period have been regrouped and reclassified to conform to the classification of current priod, where necessary.
- Sponge iron is the only reportable segment in accordance with the Accounting Standard 17 issued pursuant to the Companies (Accounting Standards), Rules, 2006
- The above results have been approved at the meeting of the Board of Directors held on 6th May, 2011.
- The Board of Directors has recommended a dividend of Rs.8.00 per equity share (i.e 80 %) for the year ended 31-03-2011. The cash outflow on account of dividend will be Rs.1232.00 lacs and for tax on distributed profit including Education Cess will be Rs.199.86 lacs.
- Total number of investor complaints pending at the beginning of the quarter - Nil; Received during the current quarter 1 ; Disposed of during the current quarter -1 ; and pending at the end of the quarter - Nil.
Jamshedpur
6th May 2011 |
For and on behalf of the Board of Directors
Suresh Thawani
( Managing Director ) |
|
