Audited Financial Results for
the year ended 31st March, 2002

(Rs. in crores)
Sr. No.
Particulars
Unaudited
Nine Months Ended

Unaudited
Quarter Ended

Audited
Year Ended
31.12.2001
31.3.2002
31.3.2001
31.3.2002
31.03.2001
1.
 Net Sales / Income from Operations
741.48
302.06
358.18
1,043.54
1,388.85
2.
 Other Income
5.20
2.42
0.22
7.62
6.15
3.
 Total Expenditure

a. (Increase)/ decrease in stock-
in-Trade
b.Consumption of
Raw materials
c. Staff cost
d. Other
Expenditure
677.89

(42.84)


586.86

16.50
117.37
269.71

55.81


171.55

4.79
37.56
367.38

87.65


228.32

5.31
46.10
947.60

12.97


758.41

21.29
154.93
1,330.76

4.67


1,090.59

21.93
213.57
4.
 Interest (Net)
92.18
27.20
34.44
119.38
112.45
5.
 Depreciation
33.91
10.91
10.73
44.82
44.80
6.
 Miscellaneous
Expenditure
Written off
9.44
3.42
0.44
12.86
3.36
7.
 Loss before
Exceptional items
(1+2-3-4-5-6)
(66.74)
(6.76)
(54.59)
(73.50)
(96.37)
8.
 Exceptional Items
--
24.28
--
24.28
--
9.
 Loss before tax (7-8)
(66.74)
(31.04)
(54.59)
(97.78)
(96.37)
10.
 Provision for
Taxation
a) Current
b) Deferred


-
(21.05)


0.15
(8.34)


0.15
-


0.15
(29.39)


0.15
-
11.
 Net Loss (9-10)
(45.69)
(22.85)
(54.74)
(68.54)
(96.52)
12.
 Paid-up Equity Share Capital
(Face value Rs.10 each)
42.80
42.80
42.80
42.80
42.80
13.
 Reserves excluding Revaluation Reserves
--
--
--
208.63
331.87
14.
 Basic and Diluted Earnings Per Share (Rs.)
(Not annualised)
(10.65)
(5.32)
(12.76)
(15.97)
(22.49)
15.
 Aggregate of Non-
promoter
Shareholding:

*  Number of Shares
*  Percentage of Shareholding




24184702

56.36%




22037538

51.36%




24113202

56.19%




22037538

51.36%




24113202

56.19%

NOTES :
1. The above results have been taken on record by the Board of Directors of the Company at their meeting held on 5th June, 2002.
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) "Segment Reporting".
3. In compliance with Accounting Standard (AS 22) relating to "Accounting for Taxes on Income", the Company has provided for accumulated net deferred tax liability of Rs.66.80 crores arising on account of timing differences as on 1st April, 2001 out of which Rs. 33.90 crores has been adjusted against the General Reserve as at 1st April, 2001 and Rs. 32.90 crores has been adjusted against Surplus in the Profit & Loss Account. For the year ended 31st March, 2002, the Company has accounted for deferred tax asset of Rs.29.39 crores.
4. Exceptional items comprise of Loans and Advances and receivables written-off - Rs. 20.78 crores and provision for diminution in value of long term investments - Rs. 3.50 crores.
5. Previous periods' figures have been re-grouped wherever considered necessary.


For JINDAL IRON & STEEL CO. LTD.
Mumbai RAMAN MADHOK
Dated : 5th June, 2002 JT. MANAGING DIRECTOR & CEO

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Jindal Iron & Steel Company Limited