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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 FINANCIAL RESULTS
FOR THE QUARTER ENDED 31ST MARCH, 2005
| (Rs.in Million) |
| Sr.No. |
Particulars |
Nine Months Ended
31st December, 2004 (Reviewed) |
Quarter Ended 31st March,
2005
(Reviewed) |
Quarter Ended 31st March, 2004
(Reviewed) |
Year Ended 31st March,
2005 (Audited) |
Year Ended 31st March, 2004 (Audited) |
| 1 |
Sales and Income from Operations |
7,199.892 |
2,108.318 |
2,261.731 |
9,308.210 |
5,381.878 |
| |
Less : Excise Duty |
1,111.479 |
490.771 |
318.769 |
1,602.250 |
738.809 |
| |
Net Sales and Income From Operations |
6,088.413 |
1,617.547 |
1,942.962 |
7,705.960 |
4,643.069 |
| 2 |
Other Income |
5.178 |
4.757 |
24.314 |
9.935 |
72.823 |
| |
Total Income |
6,093.591 |
1,622.304 |
1,967.276 |
7,715.895 |
4,715.892 |
| 3 |
Total Expenditure |
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a) (Increase)/Decrease in stock in trade |
(36.051) |
15.778 |
(1.487) |
(20.273) |
3.009 |
| |
b) Consumption of raw materials |
4,632.793 |
964.785 |
1,263.601 |
5,597.578 |
3,064.957 |
| |
c) Conversion Cost |
499.925 |
184.037 |
166.525 |
683.962 |
604.826 |
| |
d) Goods purchased for resale |
24.494 |
16.373 |
6.220 |
40.867 |
114.864 |
| |
e) Staff Cost |
82.968 |
27.806 |
64.346 |
110.774 |
92.360 |
| |
f) Others |
280.945 |
101.768 |
161.510 |
382.713 |
320.751 |
| |
Total Expenditure |
5,485.074 |
1,310.547 |
1,660.715 |
6,795.621 |
4,200.767 |
| 4 |
Profit before Interest, Depreciation and tax |
608.517 |
311.757 |
306.561 |
920.274 |
515.125 |
| 5 |
Interest: |
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Interest |
65.698 |
10.889 |
89.671 |
76.587 |
126.199 |
| |
Interest differentials on restructuring of loans in
respect of past years |
- |
- |
57.464 |
- |
57.464 |
| 6 |
Depreciation |
143.883 |
51.048 |
111.792 |
194.931 |
152.546 |
| 7 |
Less:Trial Run Income net of expenditure |
- |
3.571 |
- |
3.571 |
- |
| 8 |
Profit/(Loss) before tax |
398.936 |
246.249 |
47.634 |
645.185 |
178.916 |
| 9 |
Prior Period adjustments((Debit)/Credit) |
(0.255) |
(0.050) |
(0.476) |
(0.305) |
(0.312) |
| 10 |
Tax Expenses: |
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Provision for Taxation |
29.820 |
18.905 |
(11.250) |
48.725 |
11.250 |
| |
Deferred Tax(Net Debit/(Credit)) |
136.245 |
30.128 |
44.046 |
166.373 |
48.004 |
| 11 |
Net Profit/(Loss) |
232.616 |
197.166 |
14.362 |
429.782 |
119.350 |
| 12 |
Paid-up Equity Share Capital
(excluding Amount Received on Forfeited Shares)(face value Rs. 10/-) |
420.531 |
420.531 |
420.531 |
420.531 |
420.531 |
| 13 |
Reserves excluding revaluation reserves |
- |
- |
- |
2,031.417 |
1,876.416 |
| 14 |
Basic and diluted EPS for the period |
5.53 |
4.69 |
0.32 |
10.23 |
2.82 |
| 15 |
Aggregate of Non-Promoter Shareholding
Number of Shares
Percentage of Shareholding |
18,879,342
44.89% |
18,879,342
44.89%
|
19,256,893
45.79% |
18,879,342
44.89% |
19,256,893
45.79% |
NOTES :
- The Board of Directors have recommended a Final Dividend of 15 % on the Equity Share Capital of the Company, subject to approval of the shareholders.Considering the interim dividend of 5% , total dividend for the year is 20 %.
- The Company commenced trials of its Power Plant in February 2005 and successfully commissioned the plant on 20th April, 2005, currently generating power at 100% of its capacity.
- The supply and procurement of the products between the constituents of the composite manufacturing facility at Ginigera, under Strategic alliance effective 1st February 2005, are carried out on " Conversion Basis " as against " Sales ". Hence, the above revenues and components of cost of goods sold in respect of the fourth quarter and year as a whole are not strictly comparable. However, this has no effect on the profits of the above periods.
- During the quarter four investor complaints were received and redressed. There were no investor complaints pending for the redressal as at the commencement and end of the quarter.
- Previous year figures have been regrouped and reclassified wherever necessary.
- The above results were taken on record by the Board of Directors of the Company at its meeting held on 20th June,2005.
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