ISPAT INDUSTRIES LIMITED
            Regd. Office : Park Plaza, 71, Park Street, Kolkata - 700 016
UNAUDITED FINANCIAL RESULTS (STANDALONE) FOR THE QUARTER ENDED 30TH SEPTEMBER, 2008
(Rs. in crores)
Sl.No.  Particulars Quarter ended 30th September Half year ended 30th September Year ended 31st March
2008 2007 2008 2007 2008
    Unaudited  Unaudited  Unaudited Unaudited Audited 
1 Sales/Income from Operations 3552.23 2305.91 6695.02 4363.67 9401.67
  Less : Excise Duty 352.53 280.35 707.51 524.77 1117.53
  a) Net Sales/Income from Operations 3199.70 2025.56 5987.51 3838.90 8284.14
  b) Other Operating Income 23.47 18.07 111.20 26.67 375.75
  Total 3223.17 2043.63 6098.71 3865.57 8659.89
2 Expenditure          
  a) Decrease/(Increase) in stock in trade and work in progress (122.94) 48.44 (222.08) (9.09) 158.19
  b) Consumption of raw materials 1891.24 1055.82 3499.91 2039.26 4535.83
  c) Purchase of traded goods              -   6.40             -   7.29 10.71
  d) Employees cost 59.14 49.18 115.96 96.87 202.60
  e) Depreciation 162.37 161.63 323.03 316.04 638.12
  f) Power & Fuel Cost  406.83 320.80 769.22 626.76 1250.41
  g) Loss/(Gain) on Exchange fluctuation on operating balances/ Forward Exchange Contracts  120.79 (9.12) 190.85 (47.09) (50.71)
  h) Other expenditure 273.00 232.25 512.58 476.75 950.27
  Total 2790.43 1865.40 5189.47 3506.79 7695.42
             
3 Profit from Operations before Other Income, Interest & Taxes (1-2) 432.74 178.23 909.24 358.78 964.47
             
4 Other Income 0.61 0.02 0.61          0.44 0.40
             
5 Profit before Interest & Taxes (3+4) 433.35 178.25 909.85 359.22 964.87
             
6 a) Interest 233.80 252.45 474.91 496.96 1024.02
  b) Loss/(Gain) on Exchange Fluctuations on Foreign Currency Term Loans 239.63 (149.23) 429.25 (227.33) (174.77)
             
7 Profit/(Loss) from Ordinary Activities before tax (5-6) (40.08) 75.03 5.69 89.59 115.62
             
8 Tax Expenses          
   - Current Tax              -                -               -               -   0.04
   - Deferred Tax Charge / (Credit) (14.21) 60.70 1.94 66.14 77.04
   - Fringe Benefit Tax 0.87 0.79 1.76 1.54 3.74
             
9 Net Profit/(Loss) for the period (7-8) (26.74) 13.54 1.99 21.91 34.80
             
10 Paid-Up Equity Share Capital 1221.60 1218.41 1221.60 1218.41 1221.58
  (Face Value of Rs.10/- each)          
             
11 Reserves excluding Revaluation Reserve as per Balance Sheet of previous Accounting Year              -                -               -               -   501.66
             
12 Earning Per Share (EPS)          
  Basic and Diluted (0.38) (0.05) (0.30) (0.14) (0.36)
             
13 Public shareholding          
   - Number of shares 719549897 604120150 719549897 604120150 703549897
   - Percentage of shareholding 58.86 49.42 58.86 49.42 57.55