| |
| UNAUDITED FINANCIAL RESULTS FOR THE
QUARTER ENDED 31st MARCH, 2010 |
|
(Rs. In Lacs) |
| |
|
Particulars |
Quarter ended |
Quarter ended |
Year ended |
Year ended |
| 3/31/2010 |
3/31/2009 |
3/31/2010 |
3/31/2009 |
| (Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
| 1 |
(a) |
Net Sales / Income from Operations |
12,324.08 |
8,579.07 |
45,858.73 |
42,152.48 |
| |
(b) |
Other Operating Income |
273.12 |
224.81 |
1,131.00 |
369.66 |
| |
|
Total Income
(a + b) |
12,597.20
|
8,803.88
|
46,989.73
|
42,522.14
|
| 2 |
|
Expenditure : |
|
|
|
|
| |
(a) |
(Increase) / Decrease in stock in trade and work in
progress |
(1,215.91) |
(164.21) |
(2,019.46) |
226.10 |
| |
(b) |
Consumption of Raw Materials |
10,595.01 |
6,401.51 |
36,555.88 |
32,383.99 |
| |
(c) |
Purchase of Traded Goods |
0.00 |
0.00 |
0.00 |
0.00 |
| |
(d) |
Employees Cost |
257.14 |
240.35 |
998.59 |
841.46 |
| |
(e) |
Depreciation |
274.27 |
276.80 |
1,174.39 |
1,176.80 |
| |
(f) |
Other Expenditure |
2,174.71 |
1,589.96 |
8,107.12 |
6,672.47 |
| |
(g) |
Total
(a to f) |
12,085.22
|
8,344.41
|
44,816.52
|
41,300.82
|
| |
|
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|
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|
|
| 3 |
|
Profit from Operations before Other Income, Interest
and Exceptional Items (1 - 2) |
511.98 |
459.47 |
2,173.21 |
1,221.32 |
| 4 |
|
Other Income |
140.79 |
31.17 |
313.73 |
362.49 |
| 5 |
|
Profit before Interest and Exceptional Items
(3 + 4) |
652.77 |
490.64 |
2,486.94 |
1,583.81 |
| 6 |
|
Interest & other Financial Expenses |
479.62 |
543.97 |
1,902.47 |
2,382.21 |
| 7 |
|
Profit after Interest but before Exceptional Items
(5 - 6) |
173.15 |
(53.33) |
584.47 |
(798.40) |
| 8 |
|
Exceptional items |
0.00 |
0.00 |
0.00 |
0.00 |
| 9 |
|
Profit (+) / Loss (-) from Ordinary Activities before
tax (7 + 8) |
173.15
|
(53.33) |
584.47
|
(798.40) |
| 10 |
|
Tax Expense |
99.50 |
2.70 |
99.50 |
9.45 |
| 11 |
|
Net Profit (+) / Loss (-) from Ordinary Activites after
tax (9 - 10) |
73.65
|
(56.03) |
484.97
|
(807.85) |
| 12 |
|
Extraordinary Items (net of tax expense) |
0.00 |
0.00 |
0.00 |
0.00 |
| 13 |
|
Net Profit (+) / Loss (-) for the period
(11 - 12 ) |
73.65
|
(56.03) |
484.97
|
(807.85) |
| 14 |
|
Paid-up Equity Share Capital |
4,254.95 |
4,254.95 |
4,254.95 |
4,254.95 |
| |
|
(Face Value of Rs.10/- per share) |
|
|
|
|
| 15 |
|
Reserves excluding Revaluation Reserves as per Balance
Sheet of previous accounting year |
0.00 |
0.00 |
0.00 |
0.00 |
| 16 |
|
Earnings Per Share (EPS) |
|
|
|
|
| |
(a) |
Basic EPS before & after Extraordinary items for the
period, for the year to date and for the previous year (not to be
annualized) |
0.17 |
(0.13) |
1.14 |
(1.90) |
| |
(b) |
Basic and diluted EPS after Extraordinary items for the
period, for the year to date and for the previous year (not to be
annualized) |
0.17 |
(0.13) |
1.14 |
(1.90) |
| |
(c) |
Diluted EPS before and after Extraordinary items for
the period, for the year to date and for the previous year (not to be
annualized) (*) |
0.10 |
(0.07) |
0.64 |
(1.07) |
| 17 |
|
Public Shareholding |
|
|
|
|
| |
- |
Number of shares |
9,253,423 |
9,253,423 |
9,253,423 |
9,253,423 |
| |
- |
Percentage of shareholding |
21.74 |
21.74 |
21.74 |
21.74 |
| 18 |
|
Promotors & Promotor Group shareholding |
|
|
|
|
| |
(a) |
Pledged/Encumbered |
|
|
|
|
| |
|
Number of shares |
- |
N.A. |
N.A. |
- |
| |
|
Percentage of shares (as a % of the total shareholding
of promotor & Promotor group) |
- |
N.A. |
N.A. |
- |
| |
|
Percentage of shares (as a % of the total share capital
of the company) |
- |
N.A. |
N.A. |
- |
| |
(b) |
Non-encumbered |
|
|
|
|
| |
|
Number of shares |
33,308,398 |
33,308,398 |
33,308,398 |
33,308,398 |
| |
|
Percentage of shares (as a % of the total shareholding
of promotor & Promotor group) |
100% |
100% |
100% |
100% |
| |
|
Percentage of shares (as a % of the total share capital
of the company) |
78.26% |
78.26% |
78.26% |
78.26% |
|
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|
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Notes : |
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1. The Company has only one
manufacturing unit at Palej, to produce steel products i.e. cold rolled
and galvanised steel and hence there is only a single segment
in terms of Accounting Standard on "Segment Reporting" (AS-17) issued by ICAI applicable w.e.f. 1st April,
2001. |
|
2. Information on Investor Complaints
for the Quarter-(Nos.) : Opening Balance - 0, New -0, Disposal -0,
Closing Balance - 0. |
|
3. Figures of previous year / quarter
have been regrouped and reclassified wherever necessary. |
| |
4. The above financial results were
reviewed by the Audit Committee and have been taken on record by the
Board of Directors at the its meeting held on 10th May,
2010. |
| (*) |
5. Diluted EPS has been worked out on
total share capital including Preference Shares Capital of Rs.
32,82,00,000, pending conversion into Equity Share Capital, the option of this has
already been exercised. |
|
6. The company has committed for pledge
of 12768547 equity shares, being 30% of total equity share capital of
the company & 38.33% of total outstanding of promotors to the
scheduled bankers of the Company & the same is in the process of
execution. |
|
7. Limited Review Report received from
statutory auditors was also placed before the Board & the Board noted
that there was no qualification / adverse remark in the
said report. |
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For STEELCO GUJARAT LTD.
N.M. MOHNOT
Dy. MANAGING
DIRECTOR |
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PLACE : NEW DELHI |
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DATE : MAY 10,
2010 |
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