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     LAST FOUR QUARTER RESULTS
Untitled Document
LAST FOUR QUARTERS RESULTS
 
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31ST MARCH 2008
(Rs. in Lacs)
SR.
NO.
 PARTICULARS
STANDALONE
CONSOLIDATED
YEAR ENDED
YEAR ENDED
31-Mar-08
31-Mar-07
31-Mar-08
31-Mar-07
1 Sales / Income from operations 195,384 167,746 195,384 167,746
2 Other Income 1,026 126 1,026 126
Total Income 196,410 167,872 196,410 167,872
3 Expenditure:
a) (Increase)/decrease in Stock in trade & WIP (7,297) (2,683) (7,297) (2,683)
b) Consumption of Raw Materials 141,128 112,645 141,128 112,645
c) Excise Duty 1,375 965 1,375 965
d) Staff Cost 2,259 1,740 2,259 1,740
e) Power & Fuel/Manufacturing Expenses 23,531 21,786 23,531 21,786
Total Expenditure 160,996 134,454 160,996 134,454
4 Interest 5,225 3,401 5,225 3,401
5 Depreciation 3,884 4,831 3,884 4,831
6 Profit before Tax (1+2) - (3+4+5) 26,305 25,187 26,305 25,187
7 Provision for Taxation
a) Wealth Tax 2 2
b) Income Tax  (MAT) 3,135 3,102 3,135 3,102
c) Deferred Tax (Net of MAT Credit) (1,408) 1,031 (1,408) 1,031
d) Fringe Benefit Tax 26 23 26 23
8 Net Profit after Tax 24,552 21,029 24,552 21,029
9 Prior period / year adjustments
10 Net Profit  24,552 21,029 24,552 21,029
11 Paid up Equity Share Capital 11,828 11,828 11,828 11,828
12 Reserve excluding Revaluation  Reserves 50,880 29,791 50,880 29,791
13 EPS (Basic/diluted) Rs. 20.76 17.77 20.76 17.77
14 Aggregate of Non-Promoter Shareholding
a) Number of Shares 44,414,046 33,626,278 44,414,046 33,626,278
b) Percentage of Shareholding 37.55% 44.00% 37.55% 44.00%
 
Notes :
  1. Board has recommended dividend @ Rs.1.10 per equity shares of Rs.10/- each.for the FY ended 31st March,2008.
  2. The Board at its meeting held on 30th June 2008 has approved de-merger of its steel business into a separate company w.e.f 1st April,2008 through a scheme of arrangement under section 391-394 of the Companies Act,1956.
  3. The Board at its meeting held on 30th June 2008 has approved acquisition of 90% interest in Ajmera Housing Corporation-Bangalore having 3 projects in Bangalore, with total saleable area of 17,73,386 Sq.feet, through a Wholly Owned Subsidiary.
  4. Jolly Brothers Pvt. Ltd., (JBPL) the Wholly Owned Subsidiary of the Company has not yet commenced operations, hence no seperate P & L Account is prepared. Consolidated Results has been prepared pursuant to the requirements of the Accounting Standard 21 issued by ICAI.
  5. Previous period / year figures have been regrouped wherever necessary.
  6. As intimated by the Company's Registrars, there were no investors compliants pending as on 31.03.2008. The total no. of complaints received & redressed during the last quarter were 98.
  7. The above results were reviewed and recommanded by the Audit Committee and have been approved by the Board of Directors of the Company at its Meeting held on 30th June 2008.
REPORT ON SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED
 
SR.
NO.

PARTICULARS
STAND ALONE
CONSOLDATED
(AUDITED) (AUDITED) (AUDITED) (AUDITED)
12 MONTHS ENDED 12 MONTHS ENDED 12 MONTHS ENDED 12 MONTHS ENDED
31-Mar-08 31-Mar-07 31-Mar-08 31-Mar-07
1 Segment Revenue
(a)Steel 160941 138692 160941 138692
(b)Construction 34443 28090 34443 28090
Total 195384 166781 195384 166781
Less : Inter Segment Revenue - - - -
Net Sales/Income from Operations 195384 166781 195384 166781
2 Segment Results
Profit Before Tax and interest from each Segment
(a)Steel 10146 10919 10146 10919
(b)Construction 21384 17669 21384 17669
Total 31530 28588 31530 28588
Less : (I)  Interest 5225 3401 5225 3401
           (ii) Other Un-allocable Expenditure net off - - - -
           (iii) Un allocable Income - - - -
Total Proft before Tax 26305 25187 26305 25187
3 Capital Emloyed
(Segment Assets- Segment Liablities)
(a)Steel 34270 23541 34270 23541
(b)Construction 28438 19699 28691 19699
Total 62708 43240 62961 43240
 
UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 31ST DECEMBER 2007
 
SR.NO. PARTICULARS   (UNAUDITED REVIEWED)
QUARTER ENDED		 (UNAUDITED REVIEWED)
HALF YEAR ENDED		 (AUDITED)
12 MONTHS
ENDED
31-Mar-07
31-Dec-07 31-Dec-06 31-Dec-07 31-Dec-06
1 Net Sales / Income from operations 458.43 415.58 1,327.48 1,013.48 1,667.81
2 Other Income 1.35 0.24 4.96 0.99 1.26
  Total Income (1+2) 459.78 415.82 1,332.44 1,014.47 1,669.07
3 Expenditure:               
a)   (Increase)/decrease in Stock in trade 36.61 18.50 92.49 24.40 (26.83)
b)   Consumption of Raw Materials 281.83 294.82 796.38 714.57 1,126.45
c) Purchase of Tradeed Goods          
d) Employees Cost 5.21 3.73 16.49 11.66 17.40
e) Depreciation 10.80 13.27 34.20 34.30 48.31
f) Other Expenditure 29.54 52.99 107.23 151.27 217.85
g) Total 363.99 383.31 1,046.79 936.20 1,383.19
5 Interest 12.23 9.42 41.82 23.21 34.01
6 Exceptional Items               
7 Profit(+)/Loss(-) from Ordinary Activities before tax (3) - (4+5+6) 83.56 23.09 243.83 55.06 251.87
8 Tax Expense 9.58 6.05 27.75 16.68 41.58
9 Net Profit(+) / Loss(-)from Ordinary Activities after Tax(7-8) 73.98 17.04 216.05 38.38 210.29
10 Extraordinary Items     0.03    
11 Net Profit(+)/Loss(-) for the period (9-10) 73.98 17.04 216.05 38.38 210.29
12 Paid up Equity Share Capital 118.28 76.62 118.28 76.62 118.28
13 Reserve excluding Revaluation Reserves             152.98
14 EPS (Basis) 6.26 2.22 18.26 5.01 17.78
15 Public Shareholding          
a) Number of Shares 44,003,349 32,910,240 44,003,349 32,910,240 33,626,278
b) Percentage of Shareholding 37% 43% 37% 43% 44%
 
Notes
  1. Previous period / year figures have been regrouped wherever necessary.
  2. The above results were reviewed by the Board Audit Committee and have been taken on record by the Board of Directors of the Company at its Meeting held on 31st Janaury 2008.
  3. The Statutory auditors of the company have carried out a Limited review of the Unaudited financial results for the quarter ended 31st December,2007.
  4. The above results for the quarter and nine months ended 31st December, 2007 and for the year ended 31st March,2007 includes the figures of the amalgamated company, i.e., ADCPL w.e.f., 20th December,2006 being the appointed date.
  5. As intimated by the Company's Registrars, the Investors Complaints pending as on 31.12.07 were NIL. The total no. of complaints received and processed during the Quarter were 101.
  6. The Company's Steel Division is being under modification and upgradation from the product Galvanised to Galvalume is as per Schedule.During the quarter the galvanised plant was not operational for modernisation for a period of 20 days and on account of this the production and turnover was low.
REPORT ON SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED
 
SR.NO. PARTICULARS (UNAUDITED REVIEWED)
QUARTER ENDED		 (UNAUDITED REVIEWED)
HALF YEAR ENDED		 (AUDITED)
12 MONTHS
ENDED
31-Dec-07 31-Dec-06 31-Dec-07 31-Dec-06 31-Mar-07
1 Segment Revenue          
  (a)  Steel 373.58 415.58 1032.50 1013.48 1386.92
  (b)  Construction 84.85   294.98   280.90
  Total 458.43 415.58 1327.48 1013.48 1667.81
  Less : Inter Segment Revenue          
  Net Sales/Income from Operations 458.43 415.58 1327.48 1013.48 1667.81
2 Segment Results           
  Profit Before Tax and interest from each Segment           
  (a)  Steel 27.62 32.51 84.31 78.27 109.19
  (b)  Construction 68.17   201.33   176.69
  Total 95.79 32.51 84.31 78.27 109.19
  Less : (I)  Interest 12.23 9.42 41.82 23.21 34.01
           (ii) Other Un-allocable Expenditure net off          
             (iii) Un allocable Income          
  Total Proft before Tax 83.56 23.09 243.82 55.06 251.87
3 Capital Emloyed          
  (Segment Assets- Segment Liablities)          
  (a)  Steel 280.72 216.88 280.72 216.88 235.41
  (b)  Construction 367.6   367.76   196.99
  Total 648.48 216.88 648.48 216.88 432.40
 
 
UNAUDITED FINANCIAL RESULTS FOR THE SECOND QUARTER ENDED 30TH SEPTEMBER 2007
SR.NO. PARTICULARS   (UNAUDITED REVIEWED)
QUARTER ENDED		 (UNAUDITED REVIEWED)
HALF YEAR ENDED		 (AUDITED)
12 MONTHS
ENDED
31-Mar-07
30-Sep-07 30-Sep-06 30-Sep-07 30-Sep-06
1 Sales / Income from operations 480.63 307.55 961.99 652.73 1,815.41
2 Other Income 2.02 0.32 3.61 0.76 1.26
  Total Income 482.65 307.87 965.60 653.48 1,816.67
3 Expenditure:          
a)   (Increase)/decrease in Stock in trade 45.58 (32.61) 20.43 5.89 (26.83)
b)   Consumption of Raw Materials 219.26 223.55 521.49 419.75 1,126.45
c)   Excise Duty 46.37 32.12 92.94 54.82 147.60
d)   Staff Cost 6.12 3.90 11.28 7.94 17.40
e)   Power & Fuel 13.69 12.76 28.51 25.75 59.22
f)   Other expenditure 41.98 31.47 77.69 72.54 158.63
  Total Expenditure 372.99 271.19 752.35 586.69 1,482.48
4 Interest 15.56 8.26 29.58 13.78 34.01
5 Depreciation 11.95 10.14 23.41 21.03 48.31
6 Profit before Tax (1+2) - (3+4+5) 82.15 18.28 160.26 31.98 251.87
7 Provision for Taxation 9.37 5.98 18.18 10.63 41.58
8 Net Profit after Tax 72.78 12.30 142.08 21.35 210.29
9 Paid up Equity Share Capital 118.28 76.62 118.28 76.62 118.28
10 Reserve excluding Revaluation  Reserves         152.98
11 EPS (Basic) 6.15 1.61 12.01 2.79 17.78
12 Aggregate of Non-Promoter Shareholding          
a)   Number of Shares 45,268,594 32,417,019 45,268,594 32,417,019 33,626,278
b)   Percentage of Shareholding 38% 42% 38% 42% 44%
 
Notes
  1. Previous period / year figures have been regrouped wherever necessary.
  2. The above results were reviewed by the Board Audit Committee and have been taken on record by the Board of Directors of the Company at its Meeting held on 31st October 2007.
  3. The Statutory auditors of the company have carried out a Limited review of the Unaudited financial results for the quarter ended 30th September,2007.
  4. Hon'ble High Court of Judicature at Bombay has approved the Scheme of Amalgamation of Anik Development Corporation Pvt. Ltd.(ADCPL) with the Company vide its order dated 10th August,2007. During the quarter the company allotted 4,16,66,667 Equity Shares to the erstwile shareholders of ADCPL.pursuant to the approved scheme. The aforesaid equity shares were listed on the stock exchanges subsequently in the month of October.
  5. The above results for the quarter and half year ended 30th September, 2007 and for the year ended 31st March,2007 includes the figures of the amalgamated company, i.e., ADCPL w.e.f., 20th December,2006 being the appointed date.
  6. As intimated by the Company's Registrars, the Investors Complaints pending as on 30.09.07 were NIL. The total no. of complaints received and processed during the Quarter were 78.
REPORT ON SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED
 
SR.NO. PARTICULARS (UNAUDITED REVIEWED)
QUARTER ENDED		 (UNAUDITED REVIEWED)
HALF YEAR ENDED		 (AUDITED)
12 MONTHS
ENDED
30-Sep-07 30-Sep-06 30-Sep-07 30-Sep-06 31-Mar-07
1 Segment Revenue          
  (a)  Steel 390.00 307.55 751.86 652.73 1534.52
  (b)  Construction 90.63   210.20   280.90
  Total 480.63 307.55 962.06 652.73 1815.41
  Less : Inter Segment Revenue          
  Net Sales/Income from Operations 480.63 307.55 962.06 652.73 1815.41
2 Segment Results           
  Profit Before Tax and interest from each Segment           
  (a)  Steel 29.89 26.54 56.69 45.76 109.19
  (b)  Construction 67.81   133.16   176.69
  Total 97.70 26.54 189.85 45.76 285.88
  Less : (I)  Interest 15.56 8.26 29.58 13.78 34.01
              (ii) Other Un-allocable Expenditure net off          
             (iii) Un allocable Income          
  Total Proft before Tax 82.15 18.28 160.26 31.98 251.87
3 Capital Emloyed