CIN : 127109TG1 989P1C01 0654

ISPAT LIMITED
SATHAVAHANA
H.o.:505,Blockl,DivyashaktiComplex,Ameerpet,Hyderabad.5090.]6.
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REF: SIL/SEC/

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Date: 12.08.2016

To
BSE Limited
Corporate Relationship Department,
New Trading Ring, P J Towers,
Rotunda Building, Dalal Street,
MUMBAI _ 4OO OO1.
Ph. No. 022-227 23121 12037 139.

Dear Sir,

SUB: I) SUBMISSION OF UNAUDITED FINANCIAL RESULTS FOR THE

QUARTER ENDED 30rH JUNE 2016.
2) SUBMISSTON OF LTMITED REVIEW REPORT.
REF: COMPANY CODE NO. s26093

Pursuant to Regulation 33 of SEBI (Listing Obligations and Disclosures Requirements)

Regulations 2015, we submit herewith a statement of Unaudited Financial Results of the Company
for the quarter ended 30th June 2016 as approved and taken on record by the Board of Directors of
the Company at its meeting held on l2th August 2016.
Also please find enclosed herewith a copy of the "Limited Review" report dated l2th August 2016,
issued by the Statutory Auditors of the Company on the Unaudited Financial Results for the quarter
ended 30h June 2016.
Thanking you,
Yours
For

ly
V AHANA ISPAT LIMITED

(K V KRTSHNA RAO)
CFO & COMPANY SECRETARY

Encl: As above

Note : Please address allthe correspondence to head office

Regd. Ottice.'314, Sri Rama KrishnaTowers, Nagarjuna Nagar, Hyderabad - 500 073.
Works; (1) Harssamudram Village, Bommanahal Mandal, Anantapur Dist. (2) Kudithini Village, Kurugodu Road, Bellary Dist. Karnataka
Beltary Oftice Phones :242355,242455,242655 Fax : 08392 - 242955

State

s
PART

SATHAVAHANA ISPAT

LI M

ITED

clN.L271 09TG1 989P1C01 0654

Regd.Office: 314, Sri Rama Krishna Towers, Nagarjuna Nagar, Hyderabad - 500 073
Email: sathavahana@eth.net
20
THE
FINANCIAL
(Rs. in Lakhs)

Previous year
ended

Quarter ended
PARTICULARS

30.06.2016

31.03.2016

30.06.2015

31.03.2016

(Unaudited)

(Unaudited)

(Unaudited)

(Audited)

27983.55

34205.1 3

23222.M

0.06

14.29

0.07

27983.61

34219.42

23222.11

3888.1 2

12491.08

14512.O4

56170.06

4763.67

35250.04

lncome from operations

(a) Net Sales / lncome from operations (net of excise duty)
(b) Other Operating lncome

Total lncome from operations (net)

't17925.06
105.75
1

18030.81

2 Expenses

a) Cost of Materials consumed

b) Purchase of stock-in-trade

6226.79

6814.00

c)

(350.10)

8429.46

Changes in anventories of finished goods, work-an-progress and

(1

788.99)

943.99

864.99

4005.02

stock-in{rade.

d)

Employee benefits expense

1012.15

1167.64

e)

Depreciation and amortisation expense

1158.24

Foreign exchange flucluations (other than considered as finance cost)

(128.25)

1566.25

4598.08

583.90

148.76

576.55

2285.01

g) Otherexpenses

2615.96

4353.92

1609.27

11238 19

h) Total ExDenses

25135.06
2848.55

33276.61
942.81

22103.78

1't4490.39

11'18.33

3540.42

o Profit / (Loss) ftom Operations before Other lncome, finance costs &

Exceptional ltems (1-2)

4 Other lncome
5 Profit / (Loss) from ordinary actavitaes before finance costs and exceptional

219.65

290.14

181.79

908.62

3068.20

1232.95

1300.12

4449.04

2546.73

2357.87

2295.23

9411.41

248.51

176.50

470.09

't018.23

(1301.42)

(1465.20)

(5s80.60)

items (3+4)
6 Finance costs:

a) lnterest and other borrowing costs

b) Net loss on foreign cunency transaction and translataon
7 Profit / (Loss) from ordinary activities afier finance costs but before

272.96

Exceptional ltems (5-6)

0.00

8 Exceptional ltems
9 Profit(+) /

Loss

G)

from Ordinary activities before tax (7+8)

10 Tax expense
11

Net Profil(+) / Loss G) from Ordinary activities after Tax (9-10)

12 Extraordinarv items (net of tax exDense Rs.Nil)

13 Net

Protit (+) , Loss

G) for the period/ year (l l-12)

14 Paid-up equity share capital

0.00

272.96

('t30't.121

0.00

(2537.841

272.96

1236.42

0.00

0.00

0.00

0.00
(1465.20)
8.07

fi473.271

(5980.60)
Q545.701
(3434.90)
0.00

0.00

272.96

1236.12

(1473.271

5090.00

5090.00

5090.00

t3434.90)
5090.00

(Face value of the share Rs.1 0i- each)

15 Reserve excluding Revaluation Reserves as per balance sheet of

1760.95

previous accountinq year

16 Earnings / (Loss) Per Share before extraordinary items of Rs.1O/-

eaci

(not annualised) in Rs.

(a) Basic

0.54

(6.7s)

0.54

2.43
2.43

(2.89)

(b) Diluted

(2.8e)

(6.75)

0.54
0.54

2.43
2.43

(2 .8s)
(2 .89)

(6.75)
(6.75)

/ (Loss) Per Share after extraordinary items of Rs.10/- each

(not annualased) in Rs.

7 Earnings

(a) Basic
(b) Diluted
Please see accomDanvino notes to the financial results

SEGMENT REPORTING:

(Rs. ln lakhs)

Previous year
ended

Quarter ended
PARTICULARS

31.03.2016
(Unaudited)

30.06.2015
(Unaudited)

31.03.2016
(Audited)

Segment Revenue:
(a) Fenous Products
(b) Metallurgical Coke with Co-generation Power

'15931 .1

22518.79

17986.73

'15623.81

Total

33917.84

38142.60
3923.'t 8
34219.42

27963.66
474't.55
23222.',!1

19320.15
I 18030.81

1354.64

695.08
(253.73)

3330.79
(1552.49)

Less: lnter /lntra Seqment Revenue

Net Sales / lncome from Ooerations
2 Segment Results (Profit(+) / Loss G) before
Tax and interest:
(a) Fenous Products
(b) Metallurgical Coke with Co-generation Power
Total
Less: (i) lnterest (net)
(ii) Other Un-allocable Expenditure (net)
Total Profit (+) / Loss G) before Tax
3

30.06.2016
(Unaudited)

5934.23
27983.61

2232.22
47.54
2279.76
1993.68

13.'t2
272.96

(724.70)
629.94
't923.62
7.74

fi301.42\

10500.66
'17463.00

441.35
1896.43
10.12
(1465.20)

55502.90
81848.06
1 37350.96

1778.30

7737.75
21.15
(5980.60)

Employed
lCapital
(Segment assets - Segment liabilities)
(a) Fenous Products
Segment Assets
Segment Liabilities
Segment capital employed
(b) Metallurgical Coke with Co-generation Power
Segment Assets
Segment Liabilities
Segment capital employed
(c) Unallocated

Total

89816.69
67564.40
222s2.29

83600.91

66840.28
16760.63

83908.31
65525.1 3
1 8383.1 8

43192.U

49315.43

59271.O1

48663.43
(5471.09)

49673.72
(358.2e)
448.61
16850.95

56646.90

u2.72
17123.92

2624.',t1
21

359.06
366.35

83600.91

66840.28
16760.63
493't 5.43
49673.72
(358.2e)
448.61
16850.95

NOTES:
Company's business consists of tu,o Reportable segments vaz., Fenous Prcducls and Metallurgical Coke with Co-generation Power.

1.

The above financial results for the quarter ended 3oth June 2016 were subjected to Limited Review by the statutory auditors of l
Company and were revielved by the Audit Committee and approved and tiaken on recrrd at the meeting of the Board of Directors held
12th August 2016
The company along with some other buyers contested before the Hon'ble High Court of Karnataka (Hc) the levy of Forest
Tax (FDI) by the mining companies on their sale of lron Ore. The Hon'ble HC vide its judgement dated 5.02.201 b has granted
relief to the company and directed the Government of Kamataka (GOK) to refund the FDT collected earlier Following the ,iudgement
company has vide its letter dated 09..03.201 6 filed an application for refund of .2325. 73 lakhs towards FDT collected earlier.
some of the miners have since gone on appeal before the Hon'ble Supreme Court against the above judgement. Pending disposal of
appeal, the company has not recognised the said refund claim in its books of account

The figures of last quarter ended 31st March 2o16 are the balancing figures between audited figures in respect ofthe full financial year
and the published year to date figurcs up to the third quarter ended 31st December 2015 ofthe previous financial year.
The figures have been regrouped / reananged wherever necessary so as to conform to the quarter / year ended results.
For and on behalf of Board of

ISPAT

Place: Hyderabad,

12.08.2016

PVR.K. Nageswara Rao & Co.,

Chartered Accountants

INDEPENDENT AUDITOR'S REVIEW REPORT

TO
THE BOARD OF DIRECTORS OF
SATHAVAHANA ISPAT LIMITED
We have reviewed the accompanying statement of Standalone Unaudited Financial
Results of SATHAVAHANA ISPAT LIMITED ("the company") for the quarter ended
30ft June, 2016 ("the Statement"). This statement is the responsibility of the Company's
Management and has been approved by the Board of Directors. Our responsibility is to
issue a report on the Statement based on our review.

We conducted our review of the Statement in accordance with the Standard on Review
Engagements (SRE) 2410,'Review of Interim Financial Information Performed by the
Independent Auditor of the Entity', issued by the Institute of Chartered Accountants of
India. This standard requires that we plan and perform the review to obtain moderate
assurance as to whether the Statement is free of material misstatement. A review is
limited primarily to inquiries of Company personnel and analytical procedures applied to
financial data and thus provide less assurance than an audit. We have not performed an
audit and accordingly, we do not express an audit opinion.
Based on our review conducted as stated above, nothing has come to our attention that
causes us to believe that the accompanying Statement, prepared in accordance with the
applicable Accounting Standards and other recognised accounting practices and policies,

of Regulation 33 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 including the
manner in which it is to be disclosed, or that it contains any material misstatement.
has not disclosed the information required to be disclosed in terms

For P.V.R.K. NAGESWARA RAO & Co.,

Chartered Accountants
002283S
Firm's Registration

ty

HYDERABAD

HYDERABAD

N. ANKA

12.08.2016

Partner
Membership Number :23939

109, Metro Residency | 6-3-1247, Rajbhavan Road I Khairatabad, Hyderabad - 500 082 lndia.
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