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UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2011  |
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER, 2010
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(Rupees in Lakhs) |
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Particulars |
Quarter endedd |
Quarter ended |
Half year ended |
Half year ended |
Year ended |
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31-12-10 |
31-12-09 |
31-12-10 |
31-12-09 |
31-03-10 |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
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1 |
(a) |
Net Sales / Income from Operations |
9,826.31 |
12,825.58 |
37,078.24 |
33,534.65 |
46,095.36 |
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(b) |
Other Operating Income |
192.02 |
317.86 |
1,194.06 |
857.88 |
1,116.45 |
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Total Income ( a + b ) |
10,018.33 |
13,143.44 |
38,272.30 |
34,392.53 |
47,211.81 |
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2 |
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Expenditure : |
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(a) |
(Increase) / Decrease in stock in trade and work in progress |
369.72 |
(291.88) |
995.22 |
(803.55) |
(1,660.47) |
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(b) |
Consumption of Raw Materials |
7,171.90 |
9,889.92 |
28,407.62 |
25,960.87 |
36,535.07 |
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(c) |
Purchase of Traded Goods |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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(d) |
Employees Cost |
256.05 |
255.03 |
732.27 |
741.45 |
999.31 |
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(e) |
Depreciation |
315.27 |
300.00 |
938.16 |
900.12 |
1,174.66 |
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(f) |
Other Expenditure |
1,693.07 |
2,341.31 |
6,216.67 |
5,932.41 |
7,985.04 |
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(g) |
Total ( a to f ) |
9,806.01 |
12,494.38 |
37,289.94 |
32,731.30 |
45,033.61 |
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3 |
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Profit from Operations before Other Income, Interest and Exceptional Items
( 1 - 2 ) |
212.32 |
649.06 |
982.36 |
1,661.23 |
2,178.20 |
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4 |
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Other Income |
(1.61) |
46.93 |
147.08 |
172.94 |
316.00 |
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5 |
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Profit before Interest and Exceptional Items ( 3 + 4 ) |
210.71 |
695.99 |
1,129.44 |
1,834.17 |
2,494.20 |
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6 |
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Interest & other Financial Expenses |
517.77 |
514.79 |
1,561.31 |
1,422.85 |
1,910.93 |
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7 |
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Profit after Interest but before Exceptional Items
( 5 - 6 ) |
(307.06) |
181.20 |
(431.87) |
411.32 |
583.27 |
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8 |
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Exceptional items |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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9 |
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Profit (+) / Loss
(-) from Ordinary Activities before tax ( 7 + 8 ) |
(307.06) |
181.20 |
(431.87) |
411.32 |
583.27 |
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10 |
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Tax Expense |
0.00 |
0.00 |
0.00 |
0.00 |
99.57 |
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11 |
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Net Profit (+) / Loss (-) from Ordinary Activites after tax ( 9 - 10 ) |
(307.06) |
181.20 |
(431.87) |
411.32 |
483.70 |
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12 |
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Extraordinary Items (net of tax expense) |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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13 |
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Net Profit (+) / Loss (-) for the period ( 11 - 12 ) |
(307.06) |
181.20 |
(431.87) |
411.32 |
483.70 |
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14 |
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Paid-up Equity Share Capital |
4,254.95 |
4,254.95 |
4,254.95 |
4,254.95 |
4,254.95 |
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(Face Value of Rs.10/- per share) |
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15 |
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Reserves excluding Revaluation Reserves as per Balance Sheet of previous accounting year |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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16 |
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Earnings Per Share (EPS) |
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(a) |
Basic EPS before & after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized) |
(0.72) |
0.43 |
(1.01) |
0.97 |
1.14 |
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(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) |
(0.72) |
0.43 |
(1.01) |
0.97 |
1.14 |
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17 |
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Public Shareholding |
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- |
Number of shares |
9,253,423 |
9,253,423 |
9,253,423 |
9,253,423 |
9,253,423 |
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- |
Percentage of shareholding |
21.74 |
21.74 |
21.74 |
21.74 |
21.74 |
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18 |
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Promotors & Promotor Group shareholding |
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(a) |
Pledged/Encumbered |
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Number of shares |
12,768,547 |
N.A. |
12,768,547 |
N.A. |
N.A. |
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Percentage of shares (as a % of the total shareholding of promotor & Promotor group) |
38.33% |
N.A. |
38.33% |
N.A. |
N.A. |
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Percentage of shares (as a % of the total share capital of the company) |
30.00% |
N.A. |
30.00% |
N.A. |
N.A. |
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(b) |
Non-encumbered |
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Number of shares |
20,539,851 |
33,308,398 |
20,539,851 |
33,308,398 |
33,308,398 |
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Percentage of shares (as a % of the total shareholding of promotor & Promotor group) |
61.67% |
100% |
61.67% |
100% |
100% |
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Percentage of shares (as a % of the total share capital of the company) |
48.26% |
78.26% |
48.26% |
78.26% |
78.26% |
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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 steeland hence there is only a single segment in terms of Accounting Standard on "Segment Reporting" (AS-17) issuedby ICAI applicable w.e.f. 1st April, 2001. |
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2. Information on Investor Complaints for the Quarter-(Nos.) : Opening Balance - 0, New -3, Disposal -3, Closing Balance -0. |
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3. Figures of previous year / quarter have been regrouped and reclassified wherever necessary. |
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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 February, 2011. |
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5. Due to inadequacy of profit, no dividend has been paid on Preference Share Capital of Rs. 32,82,00,000. Cumulative dividend arrear as on 31.03.2010 is Rs. 617.06 lacs. |
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6. 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 : Mumbai |
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DATE : Feb. 10, 2011 |
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