AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2011

(Rs. In Lakhs)
  Standalone Consolidated
Particulars 31.03.2011
(Audited)		 31.03.2010
(Audited)		 31.03.2011
(Audited)		 31.03.2010
(Audited)
1. (a) Net sales/ income from operations 171143.45 142877.47 187255.97 158077.52
(b) Other operating income 6141.87 10011.60 6141.87 8970.13
Total income (a+b) 177285.32 152889.07 193397.84 167047.65
2. Expenditure
(a) (Increase)/decrease in stock in trade and work in progress (2022.73) (2285.85) (6482.71) (1031.65)
(b) Consumption of raw materials 76745.45 57912.29 76745.45 57912.29
(c) Purchase of traded goods 10965.95 4951.00 19436.42 7734.05
(d) Employee cost 12287.37 10608.09 14858.68 13086.82
(e) Depreciation 5441.26 5230.06 5588.12 5350.72
(f) Power and fuel 12640.72 10515.51 12731.85 10597.02
(g) Stores and spares 11007.61 10811.91 11007.60 10811.91
(h) Job charges 1427.24 1742.04 1427.24 1742.04
(i) Other expenditure 23426.67 20735.70 30608.37 27185.74
Total Expenditure 151919.54 120220.75 165921.02 133388.94
3. Profit from Operations before other income, interest and exceptional items (1-2) 25365.78 32668.32 27476.82 33658.71
4. Other Income 891.03 2530.25 370.20 2529.39
5. Profit before interest & exceptional items (3+4) 26256.81 35198.57 27847.02 36188.10
6. Interest (net) 4768.08 4406.90 5510.25 4986.00
7. Profit/(loss) from ordinery activities before tax (5-6) 21488.73 30791.67 22336.77 31202.10
8. Tax expense 6025.00 10162.78 6109.86 10517.21
9. Net Profit/(Loss) after tax from Ordinary Activites (7-8) 15463.73 20628.89 16226.91 20684.89
10. Minority Interest - - 30.64 68.97
11. Share of Profit/(Loss) in Associate - - 1762.01 2808.64
12.Net Profit after Minority Interest and Share of Associate - - 17958.28 23424.56
13.Paid-up equity share capital (Face value - Re. 1/-) 3267.53 3267.53 3267.53 3267.53
14. Reserves excluding revaluation reserve as per balance sheet of previous accounting year 165215.31 155109.86 171397.08 158797.08
15.Earnings per share (EPS) for the year, before and after extraordinary items and for the previous year        
       Basic
       Diluted 		4.73
4.43		 6.45
5.97		 5.50
5.16		 7.32
6.78
16. Public shareholding
- Number of Shares 165668766 166011022 165668766 166011022
- Percentage of Shareholding 50.70% 50.81% 50.70% 50.81%
17. 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 158,313,939 157,971,683 158,313,939 157,971,683
Percentage of Shares (as a % of the total shareholding of promoter and prom. Group) 100.00% 100.00% 100.00% 100.00%
Percentage of Shares (as a % of the total share capital of the company) 48.45% 48.35% 48.45% 48.35%
DSCR = PBIT/(Net Interest + Principal Repayment) 3.31 4.34 - -
ISCR = PBIT/Net Interest 5.14 7.42 - -


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 May 12, 2011.
  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 March 2011: beginning- 1, received- 4 ,disposed off- 5 and pending- Nil .
  4. During the year, interest expense is netted off against interest income on Bonds/Deposits etc. and accordingly figures of previous year ended have been restated.
  5. The Board of Directors have recommended a dividend of ' 1.25 per share ( i.e 125 % ),subject to approval of shareholders.
  6. Previous year's figures have been regrouped/rearranged wherever necessary.
For ELECTROSTEEL CASTINGS LTD
Kolkata
May 12, 2011		 Umang Kejriwal
Managing Director