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

Unaudited Financial Results (Provisional) for the Quarter Ended 30.09.2007

(Rs. In Lacs)
Particulars

Three Months Ended

Six Months Ended

Previous Year

  30.09.2007
Unaudited 		30.09.2006
Unaudited 		30.09.2007
Unaudited 		30.09.2006
Unaudited

31.03.2007
(Audited)
Net Sales 5735.05       4851.54 11288.52      8374.18         19256.61
Other Income 5.26             0.03 9.56            1.23               18.80
Total Income 5740.31 4851.57 11298.08 8375.41 19275.41
Expenditure          
a) (Increase)/ decrease in stock-in-   trade & work in Progress (451.25)           64.20 (569.44)    (1120.30)             (1733.28)
b) Consumption of raw materials 5081.97       3749.04 9475.64      7614.80         16295.22
c) Employees Cost 45.70           58.25 95.79        103.99             211.45
d) Depreciation 45.01          41.90 90.01          82.50               174.41
e) Other expenditure 736.58         693.33 1642.28      1266.61           3356.13
f) Total Expenditure 5458.01       4606.72 10734.28      7947.60         18303.93
Interest 125.75         128.91 255.50        208.94             465.05
Exceptional Item --- --- --- --- ---
Profit Before Tax 156.55        115.94 308.30       218.87             506.43
Tax Expenses 20.00          10.00 50.00          20.00               53.50
Profit After Tax  136.55        105.94 258.30 258.30             452.93
Extraordinary Items ----- ----- ----- ------ -------
Net Profit    136.55        105.94 258.30 258.30             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 1.8            1.4           3.4            2.6                 5.98
b)  Diluted 1.8 1.4 3.4 2.6 5.71
Public Shareholding          
Number of Shares   
 		 3476200
        		    3476200
       		    3476200
    		3476200
    		          3476200
 
 Number of Shares-% 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 29.10.2007 & forwarded to statutory auditors for limited review. The segment reporting is not applicable. There are no adverse remarks in the Auditors Report  for the audited  accounts for the year  2006-07. There was no investors complaint in the beginning of the quarter. Two complaints were received during the quarter and were duly disposed off. The  figures have been regrouped/ reclassified wherever necessary.
 
Place : Ludhiana

For Stelco Strips Limited,
Dated : 29.10 2007

 Sd/-

(Bharat Bhushan   Jindal)
 

Mg. Director
 
 

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