|
|
|
|
|
Unaudited Financial Results for the Quarter and Nine Months ended 31st
December, 2003.
|
|
(Rs.
in crores)
|
|
Sr.
No.
|
Particulars
|
Unaudited
For
Quarter Ended
|
Unaudited
For Nine Months Ended
|
Audited
For
Year Ended
|
|
31.12.2003
|
31.12.2002 |
31.12.2003
|
31.12.2002
|
31.03.2003
|
| 1. |
Gross
Sales/Income from Operations
a)
Domestic Sales |
132.92
|
96.96
|
425.10
|
278.27
|
398.76
|
|
b)
Exports Sales |
447.69
|
327.81
|
1154.53
|
784.04 |
1,213.50
|
|
Total
Sales |
580.61 |
424.77 |
1579.63
|
1062.31 |
1,612.26 |
|
2.
|
Less:
Excise Duty |
18.47 |
15.41 |
59.41
|
39.55 |
55.56 |
|
3.
|
Net
Sales / Income from Operations |
562.14
|
409.36 |
1520.22
|
1022.76
|
1,556.70
|
|
4.
|
Other
Income |
2.04
|
1.57 |
4.66
|
3.05
|
6.73
|
| 5. |
Total
Expenditure |
458.46 |
322.74 |
1258.07 |
809.57 |
1,230.99 |
|
a.
(Increase)/ Decrease in stock-
in-Trade |
14.51 |
(22.76) |
(4.97) |
(75.99) |
(45.84) |
|
b.Consumption
of
Raw Materials/Goods traded in |
366.09
|
284.76
|
1047.31
|
731.21
|
1,029.40
|
|
c.
Staff costs |
7.43
|
5.37
|
22.16 |
15.56
|
21.90
|
|
d.
Other
Expenditure
|
70.43
|
55.37
|
193.57
|
138.79
|
225.53
|
|
6.
|
Profit
before Interest and Depreciation
(3+4-5) |
105.72 |
88.19 |
266.81
|
216.24 |
332.44 |
|
7.
|
Interest
(Net) |
18.68
|
25.61 |
58.15
|
83.56
|
105.20
|
|
8.
|
Depreciation |
11.94
|
10.24 |
35.05
|
31.47
|
42.11
|
|
9.
|
Miscellaneous
Expenditure
Written
off |
2.83
|
3.57 |
10.76
|
9.83
|
12.52
|
|
10.
|
Profit
before
Exceptional
items
(6-7-8-9) |
72.27
|
48.77 |
162.85
|
91.38
|
172.61
|
|
11.
|
Exceptional
Items |
--
|
-- |
--
|
--
|
(6.77)
|
|
12.
|
Profit
before tax (10-11) |
72.27
|
48.77 |
162.85
|
91.38 |
179.38
|
|
13.
|
Provision
for
Taxation
a) Current
b)
Deferred |
|
--
18.91
|
|
|
|
|
14.
|
Net
Profit (12-13) |
52.41
|
29.86 |
118.18
|
54.82
|
120.98
|
|
15.
|
Paid-up
Equity Share Capital
(Face
value Rs.10/- each) |
44.03
|
42.80 |
44.03
|
42.80
|
42.80
|
|
16.
|
Reserves
excluding Revaluation Reserves (As per Balance Sheet of previous accounting
period) |
|
|
|
|
327.44
|
|
17.
|
Earnings
Per Share Basic and Diluted (Rs.)
(for
the quarter and for the year to date - Not annualised) |
11.91
|
6.96 |
27.26
|
12.78
|
28.19
|
| 18. |
Aggregate
of Non-
promoter
Shareholding:
*
Number of Shares |
19757480
|
20941219
|
19757480
|
20941219
|
19623067
|
|
*
Percentage of Shareholding |
44.78% |
48.80%
|
44.78% |
48.80% |
45.75% |
| NOTES |
: |
|
| 1. |
The
above results reviewed by the Audit Committee, have been taken on
record at the meeting of the Board of Directors held on 20th
January, 2004 and the results for the quarter and nine months
period ended 31st December, 2003 were subjected to Limited Review
by the Auditors of the Company. |
| 2. |
The
Company is engaged in the business of flat steel products and there are
no separate reportable segments as per Accounting Standard
(AS 17) on "Segment Reporting". |
| 3. |
Details
of number of investor complaints for the quarter ended 31st
December, 2003: Beginning - 39, received - 696 , disposed off -
672 , pending - 63, since disposed off. |
| 4. |
Pursuant
to the directions of High Court of Mumbai in the matter of
Company's application under section 391 to 394 of the Companies
Act, 1956, for "Scheme of Arrangement and Amalgamation"
(Scheme) with effect from 1st April, 2003, between the Company,
Jindal Vijayanagar Steel Limited and Jindal South West Holdings
Limited, meeting of shareholders of the Company has been convened
on 27th January, 2004 for consideration and seeking approval of
the Scheme. The effect of amalgamation on the financial results
will be given upon receipt of necessary approvals from the High
Courts and concerned authorities. |
| 5. |
A new
state of art galvanising line of 1,60,000 tpa capacity with
ceramic pot is commissioned in January 2004. |
| 6. |
Previous
period's figures have been re-grouped wherever considered
necessary. |
|
For
JINDAL IRON & STEEL CO. LTD. |
| Mumbai |
RAMAN
MADHOK |
| Dated
: 20th January, 2004 |
JT.
MANAGING DIRECTOR & CEO |
|
|
TRANSFORM THRU
INNOVATION
|
 |
|
