Unaudited Financial Results for the Quarter ended June 30, 2011

(Rs. in lakhs)
  Quarter ended Year ended
Particulars 30.06.2011
(Unaudited)		 30.06.2010
(Unaudited)		 31.03.2011
(Audited)
1.(a) Net sales/ income from operations 41910.20 35990.36 171143.45
(b) Other operating income 1075.62 895.57 6141.87
Total income (a+b) 42985.82 36885.93 177285.32
2. Expenditure      
(a) (Increase)/decrease in stock in trade and work in progress (703.08) (1257.86) (2022.73)
(b) Consumption of raw materials 22159.59 14385.88 76745.45
(c) Purchase of traded goods 1629.75 3372.40 10965.95
(d) Employee cost 3176.51 2747.64 12287.37
(e) Depreciation 1359.40 1311.95 5441.26
(f) Power and fuel 3153.60 2891.40 12640.72
(g) Stores and spares 2610.40 2175.65 11007.61
(h) Job charges 414.30 73.34 1427.24
(i) Other expenditure 5102.35 5845.95 23426.67
Total expenditure 38902.82 31546.35 151919.54
3. Profit from Operations before other income, interest and exceptional items (1-2) 4083.00 5339.58 25365.78
4. Other Income 66.32 90.89 891.03
5. Profit before interest & exceptional items (3+4) 4149.32 5430.47 26256.81
6. Interest (net) 1129.89 1172.60 4768.08
7. Profit/(loss) from ordinary activities before tax (5-6) 3019.43 4257.87 21488.73
8. Tax expense 229.55 1249.82 6025.00
9. Net Profit/(Loss) after tax from Ordinary Activites (7-8) 2789.88 3008.05 15463.73
10. Paid-up equity share capital   (Face value - Re. 1/-) 3267.53 3267.53 3267.53
11. Reserves excluding revaluation reserve as per balance sheet of previous accounting year     165215.31
12. Earnings per share (EPS) for the period, before and after extraordinary items and for the previous year (not annualized):      
Basic 0.85 0.92 4.73
Diluted 0.85 0.92 4.43
13. Public shareholding      
- Number of shares 165635526 166008496 165668766
- Percentage of shareholding 50.69% 50.81% 50.70%
14. Promoters and Promoter Group Shareholding      
a) Pledged/Encumbered      
-Number of Shares - - -
-Percentage of Shares (As a % of the total Shares Holding of Promoter and Promoter Group) - - -
-Percentage of Shares (As a % of the total share Capital of the Company) - - -
b) Non-encumbered and non pledged      
Number of Shares 158347179 157974209 158313939
Percentage of Shares (as a % of the total shareholding of Promoter and Promoter   Group) 100.00% 100.00% 100.00%
Percentage of Shares (as a % of the total share capital of the company) 48.46% 48.35% 48.45%
 
Notes:
  1. The above financial results , as reviewed by audit committee, were approved and taken on record by the Board of Directors in their meeting held on July 18, 2011.The above results have been subjected to Limited Review by the Statutory Auditors.
  2. The Company operates mainly in one business segment viz. Pipes and all other activities revolve around the main business.
  3. Details of number of investor complaints for the quarter ended June 2011: beginning- Nil, received- 3 ,disposed off- 3 and pending- Nil .
  4. During the quarter, interest expense is netted off against income on Bonds / Deposits etc. and accordingly figures of previous quarter have been restated.
  5. Previous period's figures have been regrouped/rearranged wherever necessary.
For ELECTROSTEEL CASTINGS LTD.
Kolkata
July 18, 2011		 Umang Kejriwal
Managing Director