STELCO STRIPS LIMITED
Regd. Off. : C-122, Phase-V, Focal Point, Ludhiana (Pb.)

Unaudited Financial Results (Provisional) for the Quarter Ended 31.12.2007

 
(Rs. In Lacs)
Particulars

Quarter Ended

Nine Months Ended

Previous Year
  31.12.2007
Unaudited
31.12.2006
Unaudited
31.12.2007
Unaudited
31.12.2006
Unaudited

31.03.2007
(AUDITED)
Net Sales       5944.56      5381.62 17233.08 13755.80         19256.61
Other Income           5.88            5.00 15.44            6.23 18.80
Total Income 5950.44      5386.62 17248.52 13762.03 19275.41
Expenditure          
  a) (Increase)/ decrease in stock-in-trade & work in       progress   (1272.58)        111.45 (1842.02)    (1008.85) (1733.28)
  b) Consumption of raw materials     5969.50      3106.50 15445.14    10721.30 16295.22
  c) Employees Cost        51.18          52.04 146.97      156.03 211.45
  d) Depreciation        54.99      40.50 145.00     123.00 174.41
  e) Other Expenditure 728.82      1809.27 2371.10     3075.88 3356.13
   f) Total 5531.91      5119.76 16266.19    13067.36 18303.93
Interest 220.56        100.44 476.06       309.38 465.05
Exceptional Items ---       --- ---      --- ---
Profit Before Tax 197.97        166.42 506.27       385.29 506.43
Tax Expenses 25.00        10.00 75.00         30.00 53.50
Profit After Tax 172.97        156.42 431.27        355.29 452.93
Extraordinary Items ---      ---    ---         ---  --- 
Net Profit 172.97        156.42 431.27        355.29 452.93
Paid up Equity Share Capital 756.87        756.69 756.87        756.69 756.87
Reserves excluding revaluation reserves ---             ---  ---             --- 2134.95
Earning Per Share of Rs.10/- each                    
  a) Basic 2.29        2.07 5.70   4.70 5.98
  b) Diluted 2.29        2.07 5.70   4.70 5.71
Public Shareholding                    
  - Number of Share 3476200
 3476200 3476200 3476200 3476200
  - % of Holding 46 %    46 % 46 % 46 % 46 %
           
Notes:  The above results have been taken on record by the  Board of  Directors in its meeting held on 25.01.2008 & forwarded to statutory auditors for limited review. The segment reporting  is not  applicable. The Board has allotted 14,06,250 equity  shares of  the face value of  Rs.10/- each on the  exercise of  conversion option  by  the  holders of 14,06,250 warrants on the receipt of  full  payments of warrants. There was no investors complaint  in the beginning of the quarter. One  complaint  was  received during the quarter and were duly disposed off. The figures have been regrouped/reclassified wherever necessary.

 
  Place : Ludhiana
Dated : 25.01 2008

For Stelco Strips Limited,

Sd/-

(Bharat Bhushan Jindal)
Mg. Director

 

 

 

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