|
KALYANI STEELS LIMITED
Regd. Office : Mundhwa, Pune - 411 036
AUDITED FINANCIAL RESULTS
FOR THE YEAR ENDED 31ST MARCH, 2007
| (Rs.in Million) |
| Sr.No. |
Particulars |
Nine Months Ended 31st December, 2006
(Reviewed) |
Quarter Ended
31st March, 2007
(Reviewed)
|
Quarter Ended
31st March, 2006
(Reviewed)
|
Year Ended
31st March,2007
(Audited)
|
Year Ended
31st March,2006
(Audited)
|
| 1 |
Sales and Income from Operations |
8,411.930 |
2,699.155 |
1,984.020 |
11,111.085 |
7,835.835 |
| |
Less : Excise Duty |
1,494.759 |
522.649 |
523.640 |
2,017.408 |
2,107.706 |
| |
Net Sales and Income From Operations |
6,917.171 |
2,176.506 |
1,460.380 |
9,093.677 |
5,728.129 |
| 2 |
Other Income |
11.609 |
5.130 |
16.327 |
16.739 |
29.169 |
| |
Total Income |
6,928.780 |
2,181.636 |
1,476.707 |
9,110.416 |
5,757.298 |
| 3 |
Total Expenditure |
|
|
|
|
|
| |
a) (Increase)/Decrease in stock
in trade |
(23.360) |
(20.077) |
(59.093) |
(43.437) |
(163.476) |
| |
b) Consumption of raw materials |
2,979.079 |
1,501.177 |
821.898 |
4,030.256 |
3,076.156 |
| |
c) Conversion Cost |
604.322 |
182.691 |
106.217 |
787.013 |
668.784 |
| |
d) Goods purchased for resale |
1,621.779 |
321.171 |
47.110 |
1,942.950 |
201.107 |
| |
e) Staff Cost |
164.218 |
50.125 |
54.642 |
214.343 |
170.870 |
| |
f) Others |
498.639 |
185.554 |
188.223 |
684.193 |
537.407 |
| |
Total Expenditure |
5,844.677 |
1,770.641 |
1,158.997 |
7,615.318 |
4,490.848 |
| 4 |
Profit before Interest, Depreciation,
Tax and Extra Ordinary Item. |
1,084.103 |
410.995 |
317.710 |
1,495.098 |
1,266.450 |
| 5 |
Extra Ordinary Item Of Income: |
|
|
|
|
|
| |
Profit on sale of investments. |
- |
- |
- |
- |
315.273 |
| 6 |
Profit before Interest, Depreciation,
Tax and After Extra Ordinary Item. |
1,084.103 |
410.995 |
317.710 |
1,495.098 |
1,581.723 |
| 7 |
Interest: |
43.173 |
21.882 |
15.057 |
65.055 |
16.227 |
| 8 |
Depreciation |
132.386 |
46.112 |
45.846 |
178.498 |
181.609 |
| 9 |
Less:Trial
Run Income net of expenditure |
- |
- |
- |
- |
0.380 |
| 10 |
Profit/(Loss) before tax |
908.544 |
343.001 |
256.807 |
1,251.545 |
1,353.507 |
| 11 |
Prior Period adjustments((Debit)/Credit) |
(0.056) |
(0.418) |
(0.632) |
(0.405) |
(0.923) |
| 12 |
Tax Expenses: |
|
|
|
|
|
| |
Provision for Taxation |
279.700 |
93.400 |
43.586 |
373.100 |
118.300 |
| |
Deferred Tax(Net Debit/(Credit)) |
(25.814) |
3.433 |
53.972 |
(22.381) |
223.432 |
| |
Fringe Benefit Tax |
1.700 |
0.300 |
0.450 |
2.000 |
1.600 |
| 13 |
Net Profit/(Loss) |
652.902 |
245.450 |
158.167 |
898.421 |
1,009.252 |
| 14 |
Paid-up Equity Share Capital
(excluding Amount Received on Forfeited Shares)(face
value Rs. 10/-) |
436.531 |
436.531 |
420.531 |
436.531 |
420.531 |
| 15 |
Reserves excluding revaluation
reserves |
- |
- |
- |
4,102.949 |
2,896.815 |
| 16 |
Basic and diluted EPS for the period
before Extra Ordinary Item. |
15.46 |
5.62 |
3.76 |
21.09 |
16.50 |
| 17 |
Basic and diluted EPS for the period
after Extra Ordinary Item. |
15.46 |
5.62 |
3.76 |
21.09 |
24.00 |
| 18 |
Aggregate of Non-Promoter Shareholding |
|
|
|
|
|
| |
Number of Shares |
20,497,816 |
20,497,866 |
18,894,816 |
20,497,866 |
18,894,816 |
| |
Percentage of Shareholding |
46.96% |
46.96% |
44.93% |
46.96% |
44.93% |
NOTES :
- Directors recommend a Dividend of Rs. 4/- per Equity Share(40%), subject to approval of the shareholders.
- Current year profit is not comparable with the profit of the previous year in view of extraordinery item of income of Rs.315.273 million in the previous year
- Sale for the quarter and year ended 31st March, 2007 includes sale of goods traded in, aggrgating Rs. 331.278 million (Previous Period Rs. 53.297 million) and Rs. 2,049.571 million. (Previous Year Rs.230.901 million) respectively
- During the quarter, Six Investor Complaints were received and redressed. There were no investor complaints pending for redressal as at the commencement and end of the quarter.
- Previous year/period figures have been regrouped and reclassified wherever necessary.
- The Company has allotted on preferential basis 1,600,000 fully paid Equity Shares of Rs. 10/- each, at a price of Rs. 330/-per share, on 29th November, 2006. On the said allotment, the Paid-up-share Capital of the Company has increased to Rs.436.531 Million and consequently Earning Per Share (EPS) has been calculated after considering the weighted number of shares outstanding at the close of the period / year
- The above results were reviewd by the Audit Committee and taken on record by the Board of Directors of the Company at its meeting held on 28th May,2007.
Audited Consolidated Financial Results
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