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Unaudited Financial Results for the Quarter and Half Year ended 30th
September, 2003
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(Rs.
in crores)
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Sr.
No.
|
Particulars
|
Unaudited
For
Quarter Ended
|
Unaudited
For
Half Year Ended
|
Audited
For
Year Ended
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|
30.09.2003
|
30.09.2002 |
30.09.2003
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30.09.2002
|
31.03.2003
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| 1. |
Gross
Sales/Income from Operations
a)
Domestic Sales |
163.22
|
77.21
|
292.18
|
181.31
|
398.76
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b)
Exports Sales |
365.80
|
272.99
|
706.84
|
456.23
|
1,213.50
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Total
Sales |
529.02
|
350.20
|
999.02
|
637.54
|
1,612.26
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|
2.
|
Less:
Excise Duty |
22.27 |
6.38 |
40.94
|
24.14 |
55.56 |
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3.
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Net
Sales / Income from Operations |
506.75
|
343.82 |
958.08
|
613.40
|
1,556.70
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4.
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Other
Income |
1.45
|
0.70 |
2.62
|
1.48
|
6.73
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| 5. |
Total
Expenditure |
409.56 |
276.89 |
799.61 |
486.83 |
1,230.99 |
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a.
(Increase)/ decrease in stock-
in-Trade |
(1.29) |
(24.46) |
(19.48) |
(53.23) |
(45.84) |
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b.Consumption
of
Raw
materials/Goods traded in |
337.06
|
249.64
|
681.22
|
446.45
|
1,029.40
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c.
Staff cost |
7.70
|
5.20
|
14.73
|
10.19
|
21.90
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d.
Other
Expenditure
|
66.09
|
46.51
|
123.14
|
83.42
|
225.53
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6.
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Profit
before Interest and Depreciation
(3+4-5) |
98.64 |
67.63 |
161.09
|
128.05 |
332.44 |
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7.
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Interest
(Net) |
19.85
|
28.48 |
39.47
|
57.95
|
105.20
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8.
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Depreciation |
11.68
|
10.53 |
23.11
|
23.21
|
42.11
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9.
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Miscellaneous
Expenditure
Written
off |
4.87
|
3.13 |
7.93
|
6.26
|
12.52
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10.
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Profit
before
Exceptional
items
(6-7-8-9) |
62.24
|
25.49 |
90.58
|
42.61
|
172.61
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11.
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Exceptional
Items |
--
|
-- |
--
|
--
|
(6.77)
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12.
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Profit
before tax (10-11) |
62.24
|
25.49 |
90.58
|
42.61 |
179.38
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13.
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Provision
for
Taxation
a)
Current
b)
Deferred |
|
--
10.23
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14.
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Net
Profit (12-13) |
45.46
|
15.26 |
65.77
|
24.96
|
120.98
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15.
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Paid-up
Equity Share Capital
(Face
value Rs.10/- each) |
44.02
|
42.80 |
45.02
|
42.80
|
42.80
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16.
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Reserves
excluding Revaluation Reserves (As per Balance Sheet ) |
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|
327.44
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17.
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Earnings
Per Share Basic and Diluted (Rs.)
(for
the quarter and for the year to date - Not annualised) |
10.51
|
3.56 |
15.29
|
5.82
|
28.19
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| 18. |
Aggregate
of Non-
promoter
Shareholding:
*
Number of Shares |
19755754
|
21636513
|
19755754
|
21636513
|
19623067
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*
Percentage of Shareholding |
44.78% |
50.42%
|
44.78% |
50.42% |
45.75% |
| NOTES |
: |
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| 1. |
The
above results have been subjected to a "Limited Review" by the Auditors
of the Company as per the listing agreements with the Stock
Exchanges
and have been taken on record by the Board of Directors at their
meeting
held on 21st October, 2003. |
| 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. |
In
terms of amended clause 41 of the listing agreement, details of number
of investor complaints for the quarter ended 30 September,
2003:Beginning
- 60, received - 861, disposed off - 882, pending - 39, since disposed
off. |
| 4. |
Pursuant
to the approval from Shareholders, 12,25,000 equity shares of Rs.10/-
each
for cash at a price of Rs.121 per share, were allotted on
27.08.2003
to Citicorp Banking Corporation, Bahrain (CBC), on preferential
allotment
basis. |
| 5. |
Previous
periods figures have been re-grouped wherever considered
necessary. |
| 6. |
Net
Long Term Debt reduction during the half year ended 30th September,
2003
was Rs.140.36 Crores. |
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For
JINDAL IRON & STEEL CO. LTD. |
| Mumbai |
RAMAN
MADHOK |
| Dated
: 21st October, 2003 |
JT.
MANAGING DIRECTOR & CEO |
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TRANSFORM THRU
INNOVATION
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