Stl.au.ind.gdr Regulatory News (SAUD)

31 Jul 2006 07:00

Steel Authority Of India Ld29 July 2006 STEEL AUTHORITY OF INDIA LIMITED REGISTERED OFFICE: ISPAT BHAWAN, LODI ROAD, NEW DELHI - 110003 Unaudited Financial Results for the Quarter ended on 30th June,2006 Rs / Million Quarter ended FinancialS.no Particulars ( Unaudited ) year ended 30th June,2006 30th June,2005 31st March 2006 (Audited) 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 8471.01 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 onrecord at the Board of Directors' meeting held on 28th July, 2006. ii) Pursuant to the amalgamation of the Indian Iron & Steel CompanyLimited, with the Company with effect from 16th February 2006, from theappointed date i.e.1st April 2005, previous year's figures for the quarter havebeen re-grouped. iii) Net sales/income from operations for the current quarter includesRs.5581.70 million, for the earlier periods, consequent to the effect of priceescalations finalised with a major customer. iv) The information on Investors' complaints pursuant to clause 41 of thelisting agreement for the quarter ended 30th June 2006: Opening Balance Received during the quarter Resolved during the quarter Closing balance - 21 20 1 SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE - 41 OFTHE LISTING AGREEMENT ( Rs. in Million )PARTICULARS Quarter Ended Financial Year ( unaudited ) Ended 30th June, 2006 30th June, 2005 31.03.2006 ( Audited )Segment Revenue - Bhilai Steel Plant 34262.80 24502.80 116526.60 - Durgapur Steel Plant 8354.10 7165.00 38861.30 - Rourkela Steel Plant 12951.20 8507.30 47207.20 - Bokaro Steel Plant 24741.00 21041.80 102177.80 - IISCO Steel Plant 2738.70 2640.50 14024.60 - Alloy Steel Plant 1817.10 1561.70 6782.50 - Salem Steel Plant 2539.00 1712.70 7934.30 - Visvesvaraya Iron & Steel Plant 1453.50 1576.90 6667.50 - Others 2531.80 2154.20 6973.50Total Segment Revenue 91389.20 70862.90 347155.30Less : Inter-Segment Revenue 4436.40 3557.30 15418.10Net sales / Income from Operations 86952.80 67305.60 331737.20 Segment Results - Bhilai Steel Plant 12097.40 8281.10 29217.00 - Durgapur Steel Plant 1380.50 1066.20 3112.40 - Rourkela Steel Plant 2585.30 1332.90 6087.40 - Bokaro Steel Plant 5128.10 6515.60 21697.20 - IISCO Steel Plant -558.60 76.70 -2422.10 - Alloy Steel Plant 46.90 -115.80 301.50 - Salem Steel Plant 30.20 19.90 -569.20 - Visvesvaraya Iron & Steel Plant 19.00 117.90 299.50 - Others 1210.10 1067.60 4011.30 21938.90 18362.10 61735.00 Less : Interest Expenses 936.70 1319.90 4677.60 Total profit ( + ) / Loss ( - ) before Tax 21002.20 17042.20 57057.40 Capital Employed( Segment assets less segment liabilities excluding Inter unit Balances ) - Bhilai Steel Plant 23950.50 22384.20 24437.20 - Durgapur Steel Plant 29728.50 31210.00 28750.60 - Rourkela Steel Plant 33246.40 33490.00 32572.30 - Bokaro Steel Plant 20609.60 22896.70 22843.20 - IISCO Steel Plant -2284.20 -3018.40 -2780.30 - Alloy Steel Plant 2403.50 2508.40 2615.40 - Salem Steel Plant 6438.70 8477.70 7560.70 - Visvesvaraya Iron & Steel Plant 3915.30 3524.20 4077.80 - Others 75596.60 61302.40 63758.00Total Capital Employed in the Company 193604.90 182775.20 183834.90 Note : Segments have been identified in line with the Accounting Standard on Segment Reporting ( AS-17 ) taking intoaccount the Organisation and Management structure and also Internal Financial Reporting System though theCompany primarily deals in Iron & Steel items. Segment Revenue,Results and Capital Employed include the respective amounts identifiable to each of the segments. On behalf of Board of Directors Place : New Delhi ( G.C Daga )Date : July 28, 2006 Director ( Finance ) This information is provided by RNS The company news service from the London Stock Exchange