| STEEL AUTHORITY OF INDIA LIMITED | |
| REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003 | |
| |
| Unaudited Financial Results for the year ended 31st march 2011 | | |
| | | | | | | ` Millions |
| | | Quarter ended | | | Consolidated Financial Results |
| Sl. No | Particulars | 31st March | 31st March | 31st March | 31st March | Year ended | Year ended |
| | | 2011 | 2010 | 2011 | 2010 | 31st March | 31st March |
| | | | | | | 2011 | 2010 |
| | | (Unaudited) | (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) |
| | | | | | | | |
| 1 | (a) Net Sales / Income from operations | | | | | | |
| | i) Gross sales | 131365.2 | 130058.8 | 470415.6 | 439347.0 | 471038.4 | 439930.9 |
| | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| | ii) Less : Excise Duty | 11917.8 | 10506.8 | 43213.7 | 33833.2 | 43530.5 | 33929.4 |
| | Sub total (a) (i-ii) | 119447.4 | 119552.0 | 427201.9 | 405513.8 | 427507.9 | 406001.5 |
| | (b) Other operating income | 2216.9 | 2745.6 | 6985.7 | 7558.3 | 6997.8 | 7563.6 |
| | Sub total 1 (a) + (b) | 121664.3 | 122297.6 | 434187.6 | 413072.1 | 434505.7 | 413565.1 |
| | | | | | | | |
| 2 | Expenditure | | | | | | |
| | a) Increase(-)/Decrease in stock-in-trade and | 280.4 | 8844.1 | -13280.3 | 11610.1 | -13622.6 | 11798.8 |
| | work in progress | | | | | | |
| | b) Consumption of Raw Materials | 53893.4 | 42719.0 | 202332.2 | 160345.7 | 200541.6 | 158050.4 |
| | c) Purchase of traded goods | 12.4 | 3.4 | 42.2 | 27.9 | 42.2 | 27.9 |
| | d) Consumption of stores & spares | 6307.1 | 6758.5 | 23925.2 | 25737.6 | 23981.8 | 25800.5 |
| | e) Employees' cost | 20518.2 | 16380.7 | 76273.7 | 54168.1 | 76817.0 | 54562.0 |
| | f) Power & Fuel | 9478.1 | 8963.1 | 35903.9 | 33643.0 | 37526.7 | 35175.9 |
| | g) Depreciation | 3856.1 | 3384.4 | 14842.7 | 13372.4 | 14868.5 | 13397.2 |
| | h) Other Expenditure | 9782.9 | 9343.2 | 39699.5 | 33981.6 | 39841.8 | 34139.4 |
| | i) Less: Finished Products Internally Consumed | 2011.8 | 1685.0 | 7445.7 | 5894.2 | 7445.7 | 5894.2 |
| | Sub total 2 (a) to (h) - (i) | 102116.8 | 94711.4 | 372293.4 | 326992.2 | 372551.3 | 327057.9 |
| 3 | Profit from operations before other income, interest | 19547.5 | 27586.2 | 61894.2 | 86079.9 | 61954.4 | 86507.2 |
| | and exceptional items ( 1-2) | | | | | | |
| 4 | Other Income | | | | | | |
| | i) Interest earned | 4134.8 | 4109.3 | 13805.6 | 18609.8 | 13879.7 | 18685.1 |
| | ii) Other Income | -60.1 | 320.0 | 595.7 | 650.7 | 920.4 | 830.4 |
| | Sub total (i+ii) | 4074.7 | 4429.3 | 14401.3 | 19260.5 | 14800.1 | 19515.5 |
| 5 | Profit before interest and exceptional items ( 3+4) | 23622.2 | 32015.5 | 76295.5 | 105340.4 | 76754.5 | 106022.7 |
| 6 | Interest | 1745.6 | 1347.1 | 4724.8 | 4020.1 | 4727.4 | 4021.9 |
| 7 | Profit after interest but before exceptional items ( 5-6) | 21876.6 | 30668.4 | 71570.7 | 101320.3 | 72027.1 | 102000.8 |
| 8 | Exceptional items | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 9 | Profit from ordinary activities before tax ( 7+8) | 21876.6 | 30668.4 | 71570.7 | 101320.3 | 72027.1 | 102000.8 |
| 10 | Minority Interest | | | | | | |
| 11 | Net Profit after Minority Interest ( 9-10 ) | 21876.6 | 30668.4 | 71570.7 | 101320.3 | 72024.7 | 101997.6 |
| 12 | Tax Expense | | | | | | |
| | (a) Current Tax | 7477.7 | 8523.4 | 23384.2 | 33711.7 | 23528.7 | 33984.2 |
| | | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| | (b) Deferrred Tax Liability / Assets ( - ) | -615.6 | 1732.6 | -478.3 | 817.2 | -495.2 | 811.4 |
| | (c) Earlier years | -56.7 | -436.6 | -147.7 | -752.3 | -151.7 | -705.8 |
| | Sub-Total ( a to c ) | 6805.4 | 9819.4 | 22758.2 | 33776.6 | 22881.8 | 34089.8 |
| 13 | Net Profit from ordinary activities after Tax ( 11-12 ) | 15071.2 | 20849.0 | 48812.5 | 67543.7 | 49142.9 | 67907.8 |
| 14 | Extraordinary items (net of tax expense Rs. Nil) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| 15 | Net Profit for the period (13-14) | 15071.2 | 20849.0 | 48812.5 | 67543.7 | 49142.9 | 67907.8 |
| 16 | Paid up Equity Share Capital | 41304.0 | 41304.0 | 41304.0 | 41304.0 | 41304.0 | 41304.0 |
| | ( Face value : Rs. 10 per share ) | | | | | | |
| 17 | Reserves (excluding revaluation reserve ) | | | 334916.4 | 291863.0 | 336584.9 | 293253.9 |
| | as per balance sheet of previous accounting year | | | | | | |
| 18 | Basic and Diluted Earnings per share before and after | 3.65 | 5.05 | 11.82 | 16.35 | 11.90 | 16.44 |
| | extraordinary items ( Not Annualised ) ( Rupees ) | | | | | | |
| 19 | Debt Service Coverage Ratio (Number of times) | | | 7.68 | 24.84 | 0.00 | 0.00 |
| 20 | Interest Service Coverage Ratio (Number of times) | | | 7.06 | 14.44 | 0.00 | 0.00 |
| 21 | Aggregate of public share holding | | | | | | |
| | - Number of shares | 58,50,96,015 | 58,50,70,815 | 58,50,96,015 | 58,50,70,815 | | |
| | - Percentage of share holding | 14.16 | 14.16 | 14.16 | 14.16 | | |
| 22 | Promoters and Promoter group shareholding | | | | | | |
| | (a) Pledged / Encumbered | | | | | | |
| | - Number of Shares | - | - | - | - | - | - |
| | - Percentage of shares (as a % of the total | - | - | - | - | - | - |
| | shareholding of the promoter and promoter group) | | | | | | |
| | - Percentage of shares (as a % of the total | - | - | - | - | - | - |
| | share capital of the company) | | | | | | |
| | (b) Non-Encumbered | | | | | | |
| | - Number of Shares | 3544690285 | 3544690285 | 3544690285 | 3544690285 | | |
| | - Percentage of shares (as a % of the total | 100.00 | 100.00 | 100.00 | 100.00 | | |
| | shareholding of the promoter and promoter group) | | | | | | |
| | - Percentage of shares (as a % of the total | 85.82 | 85.82 | 85.82 | 85.82 | | |
| | share capital of the company) | | | | | | |
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