ISPAT INDUSTRIES LIMITED
		Regd. Office : Park Plaza, 71, Park Street, Kolkata - 700 016
		UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2009
									(Rs. in crores)
		Sl.No.	Particulars	Nine Months ended 31st Dec	Quarter ended 31st December		Nine Months ended 31st December		Year ended 31st March	Consolidated Financial Results for the Year ended 31st March				Quarter ended 30th June	Half year ended 30th September	Nine Months ended 31st Dec		Quarter ended 30th June	Half year ended 30th September
				2008	2009	2008	2009	2008	2009	2009	2008			2008	2008	2008		2009	2009
				Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited	Audited	Audited			Unaudited	Unaudited	Unaudited		Unaudited	Unaudited
		1	Sales/Income from Operations	7929.60	2259.21	1234.58	5848.20	7929.60	9063.44	9063.44	9401.67			3142.79	6695.02	7929.60		1400.00	3588.99
			Less : Excise Duty	840.58	154.51	133.07	414.79	840.58	931.46	931.46	1117.53			354.98	707.51	840.58		103.78	260.28
			a) Net Sales/Income from Operations	7089.02	2104.70	1101.51	5433.41	7089.02	8131.98	8131.98	8284.14			2787.81	5987.51	7089.02		1296.22	3328.71
			b) Other Operating Income	133.24	93.81	22.04	122.63	133.24	405.84	405.84	374.00			87.73	111.20	133.24		13.35	28.82
			Total	7222.26	2198.51	1123.55	5556.04	7222.26	8537.82	8537.82	8658.14			2875.54	6098.71	7222.26		1309.57	3357.53
		2	Expenditure
			a) Decrease/ (Increase) in stock in trade and work in progress	26.92	24.23	248.99	(97.10)	26.92	86.12	86.12	158.19			(99.14)	(222.07)	26.92		(68.94)	(121.33)
			b) Consumption of raw materials	4181.91	1110.45	682.01	3091.87	4181.91	4650.84	4650.84	4535.83			1608.67	3499.90	4181.91		847.46	1981.42
			c) Power & Fuel Cost	1001.82	366.96	232.60	1077.79	1001.82	1289.81	1289.81	1250.41			362.39	769.22	1001.82		315.01	710.83
			d) Employees cost	169.52	56.91	53.56	149.51	169.52	207.60	208.11	203.11			56.82	115.96	169.52		40.65	92.60
			e) Depreciation	496.76	150.19	173.73	479.08	496.76	646.62	646.62	638.12			160.66	323.03	496.76		163.57	328.89
			f) Loss/(Gain) on Exchange fluctuation on operating balances/ Forward Exchange Contracts (Refer Note 4 below)	-	(17.44)	-	(108.23)	-	-	-	(50.71)			0.00	0.00	-		(90.11)	(90.79)
			g) Other expenditure	684.97	225.38	172.98	593.49	684.97	872.74	875.02	951.99			239.58	511.99	684.97		161.68	368.11
			Total	6561.90	1916.68	1563.87	5186.41	6561.90	7753.73	7756.52	7686.94			2328.98	4998.03	6561.90		1369.32	3269.73
		3	Profit from Operations before Other Income, Interest & Exceptional items (1-2)	660.36	281.83	(440.32)	369.63	660.36	784.09	781.30	971.20			546.56	1100.68	660.36		(59.75)	87.80
		4	Other Income	0.02	-	-	2.17	0.02	0.02	1.17	0.40			0.00	0.02	0.02		2.17	2.17
		5	Profit before Interest & Exceptional items (3+4)	660.38	281.83	(440.32)	371.80	660.38	784.11	782.47	971.60			546.56	1100.70	660.38		(57.58)	89.97
		6	a) Interest	763.15	251.90	288.24	783.13	763.15	1061.65	1061.65	1024.02			241.11	474.91	763.15		267.58	531.23
			b) Loss/ (Gain) on Exchange Fluctuations on Foreign Currency Term Loans	235.45	-	(193.80)	-	235.45	97.65	97.65	(174.77)			0.00	429.25	235.45		-	-
		7	Profit/(Loss) after Interest but before Exceptional Items (5-6)	(338.22)	29.93	(534.76)	(411.33)	(338.22)	(375.19)	(376.83)	122.35			305.45	196.54	(338.22)		(325.16)	(441.26)
		8	Exceptional Items	(632.02)	-	(441.17)	-	(632.02)	(648.70)	(648.70)				(70.06)	(190.85)	(632.02)		-	-
		9	Profit/(Loss) from Ordinary Activities before tax (7-8)	(970.24)	29.93	(975.93)	(411.33)	(970.24)	(1023.89)	#######	122.35			235.39	5.69	(970.24)		(325.16)	(441.26)
		10	Tax Expenses
			- Current Tax	-	-	-	0.02	-	0.03	0.04	0.04			0.00	-	-		-	0.02
			- Deferred Tax Charge / (Credit)	(323.14)	11.06	(325.08)	(135.92)	(323.14)	(338.81)	(338.81)	77.04			16.15	1.94	(323.14)		(110.81)	(146.98)
			- Fringe Benefit Tax	2.62	-	0.86	0.03	2.62	3.00	3.05	3.77			0.89	1.76	2.62		0.57	0.03
		11	Net Profit/(Loss) (9-10)	(649.72)	18.87	(651.71)	(275.46)	(649.72)	(688.11)	(689.81)	41.50			218.35	1.99	(649.72)		(214.92)	(294.33)
		12	Paid-Up Equity Share Capital	1221.64	1221.72	1221.64	1221.72	1221.64	1221.65	1221.58	1221.58			1221.59	1221.60	1221.64		1221.65	1221.70
			(Face Value of Rs.10/- each)
		13	Reserves excluding Revaluation Reserve as per Balance Sheet of previous Accounting Year						474.04	491.93	502.53			473.81	-
		14	Earning Per Share (EPS) (not annualised)
			Basic and Diluted EPS (Rs.) (Refer Note 6 below)	(5.78)	0.01	(5.49)	(2.71)	(5.78)	(6.25)	(6.26)	(0.39)			0.08	(0.30)	(5.78)		(1.91)	(2.71)
		15	Public shareholding
			- Number of shares *	719549897	719461135	719549897	719461135	719549897	719461135	719461135	703549897			719549897	719549897	719549897	* 719461135	719461135	719461135
			- Percentage of shareholding *	58.86	58.85	58.86	58.85	58.86	58.85	58.85	57.55			58.86	58.86	58.86	58.85	58.85	58.85
		16	Promoters & Promoter Group shareholding
			a) Pledged/ Encumbered
			- Number of shares		477730463		477730463		366515073					719549897	719549897	719549897	477730463	477730463	477730463
			- Percentage of share (as % of the total shareholding of Promoter group)		95.00		95.00		72.88					58.86	58.86	58.86	95.00	95.00	95.00
			- Percentage of share (as % of the total share capital of the Company)		39.08		39.08		29.98								39.08	39.08	39.08
			b) Non-Encumbered
			- Number of shares		25143708		25143708		136359098					719549897	719549897	719549897	25143708	25143708	25143708
			- Percentage of share (as % of the total shareholding of Promoter group)		5.00		5.00		27.12					58.86	58.86	58.86	5.00	5.00	5.00
			- Percentage of share (as % of the total share capital of the Company)		2.06		2.06		11.16								2.06	2.06	2.06
			* excluding 106912 Shares (0.01%) represented by Global Depository Receipts, which are held by custodians.