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Leaders in value added engineering alloy steel segment |
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State-of-the-art multi-locational plants |
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Fully integrated operations |
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An ISO 9001-2000, ISO 14001 & TS 16949 :2002 certified company |
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KALYANI STEELS LIMITED
Regd. Office : Mundhwa, Pune - 411 036
AUDITED CONSOLIDATED FINANCIAL RESULTS
FOR THE YEAR ENDED 31ST MARCH, 2007
| (Rs.In Million) |
Sr.No. |
Particulars |
Year Ended |
31st March,
2007
(Audited) |
31st March,
2006
(Audited) |
1 |
Sales and Income from Operations |
11,347.159 |
8,026.998 |
| |
Less: Excise Duty |
2,107.409 |
2,107.706 |
| |
Net Sales and Income From Operations |
9,329.750 |
5,919.292 |
2 |
Other Income |
16.739 |
29.169 |
| |
Total Income |
9,346.489 |
5,948.461 |
3 |
Total Expenditure |
|
|
| |
a) (Increase)/Decrease in stock in trade |
(43.437) |
(163.476) |
| |
b) Consumption of raw materials |
4,030.255 |
3,076.155 |
| |
c) Conversion Cost |
787.013 |
668.784 |
| |
d) Goods purchased for resale |
1,942.950 |
201.107 |
| |
e) Staff Cost |
289.119 |
236.063 |
| |
f) Others |
785.627 |
622.429 |
| |
Total Expenditure |
7,791.527 |
4,641.062 |
4 |
Profit before Interest, Depreciation, Tax and Extra
Ordinary Item |
1,554.962 |
1,307.399 |
5 |
Extra
Ordinary Item of Income: |
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| |
Profit Sale of Investments |
- |
315.273 |
| 6 |
Profit
Before Interest, Depreciation, Tax and After Extra Ordinary Item. |
1,554.962 |
1,622.672 |
7 |
Interest : |
159.495 |
119.964 |
8 |
Depreciation |
179.826 |
182.652 |
9 |
Less: Trial Run Income net of expenditure |
- |
0.380 |
10 |
Profit/(Loss) before tax and share of profit on Investments in associates. |
1,215.641 |
1,319.676 |
11 |
Add
: Share of profit On Investments in Associates(See Note no. 2 and 3) |
96.319 |
103.441 |
12 |
Prior Period adjustments ((Debit)/Credit) |
(0.405) |
(0.923) |
13 |
Tax Expenses : |
|
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| |
Provision for Taxation |
373.133 |
118.323 |
| |
Deferred Tax (Net Debit/(Credit)) |
(23.106) |
223.512 |
| |
Fringe Benefit Tax |
3.575 |
3.305 |
14 |
Net Profit/(Loss) |
957.953 |
1,077.054 |
15 |
Income attributable to Consolidated Group. |
957.953 |
1,077.054 |
NOTES :
- The Consolidated Financial Results Include Results of the following Companies :
|
Name Of the Company |
%Shareholding and voting power of Kalyani
Steels Ltd. And subsidiaries. |
Segment |
|
Surajmukhi Investment
And Finance Limited |
100% |
Finance & Investments |
|
Chakrapani Investments
And Trades limited |
100% |
Finance & Investments |
|
Gladiolla Invstments
Limited |
100% |
Finance & Investments |
|
Hospet Steels Limited |
49.99% |
Others |
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Hikal Limited |
34.19% |
Others |
|
Bharat NRE Coke Ltd. |
40.00% |
Others |
- The above Consolidated Financial results include interest in Joint Venture and Associate Companies, and have been prepared in accordance with Accounting Standard 27 on Financial Reporting of Interest in Joint Venture and Accounting Standard 23 on Accounting for Investments in Associates. Accordingly, the interest in Hospet Steels Limited, A Joint Venture Company and Hikal Limited and Bharat NRE Coke Limited as Associate Companies have been incorporated in the above consolidated financial results.
- Consolidated Financial Statements of Hikal Ltd. and its subsidiries for the year ended 31st March, 2007, have not been prepared. However, Unaudited Financial Results of Hikal Ltd., on stand alone basis have been received by the Company and the same have been considered in preparing consolidated financial results. Changes if any in the audited results and the effect of consolidated results of Hikal Ltd. will be incorporated in next year. The Statutory Auditors have qualified their report on the "Conlosidated Financial Statements" for the eayr ended 31st March, 2007 to this effect.
- Company's Investments in Joint Venture, Viz., Kalyani Mukand Limited, has been Committed for sale to a third party, hence the same has not been considered.
- The above results have been taken on record in the meeting of Board of Directors held on 28th May, 2007.
- Previous year figures have been regrouped and reclassified wherever necessary.
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