INDIA STEEL

WORKS LTD
COSEC/BSE/16
12th August, 2016

Inner Vision. Global Action.

The Manager,
Corporate Relationship Department,
The Stock Exchange, Mumbai
P.]. Towers, Dalal Street,
Mumbai- 400023

Scrip Code: 513361

Dear Sir,

Subject: Un-Audited Financial Results for the quarter ended 30th June, 2016
This is to further to our letter dated 4th August, 2016 intimating the date of Board Meeting
for considering the un-audited financial results for the quarter ended 30th June, 2016.
The Board meeting commenced

at \ L a.m. and concluded at~. Cl\)p.m.

Pursuant to Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosures

Requirements) Regulations, 2015, the Board of Directors at its meeting held on Friday 12th
August, 2016 has approved the Financial Result for the Quarter ended 30th June, 2016.
We attached herewith the copy of the following:
a) Statement of Un-Audited Financial Results and segment wise Revenue Result and
Assets and Liabilities for the Quarter ended 30th June, 2016.
b) Limited Review Report for Un-Audited Financial Results for the Quarter ended 30th
June, 2016.
Request you to kindly take the above on record.
Thanking you
Yours Faithfully,

For I

ia Steel Works Limited

Mr. Sudhir Gupta

Managing Director
DIN: 00010853

(Formerly known as ISIBARSLTD.)

REGD. OFFICE & STEEL PLANT
Zenith Compound Khopoli,
Raigad - 410203, Maharashtra, India
T:+912192265812
F:+912192264061
(IN: L29100MH1987PLC043186

O~~IU

info@indiil5teel,in

India Steel Works Limited,

1101, Tower 2, Indiabulls Finance Centre,
Senapati Bapat Marg, Elphinstone (W), Mumbai - 400013
T: +91 2249102000 F: +91 22 49102099

www.indiasteel.in

INDIA STEEL
WORKS LTD
Inner Vision. Global Action.

INDIA STEEL WORKS LIMITED

ISIBARS LIMITED]

[ Formerly

REGD. OFFICE: India Steel Works Complex,Zenith Compound,Khopoli, Raigad 410203

Statement

of Standalone

Unaudited

Financial

Results for the quarter

and three months ended 30th June 2016

PART-I

Sr. No.

Quarter

Particulars

JO/JuoJ2016

(a)

Gross Sales/Income from Operations

Less: Excise Duty on Sales

(a)

Net Sales/Income from Operations (Net of Excise Duty)

Other Operating Income
Total Income from Operations (Net)

4
5

24,335.49

18,140.51

14,894.46

63,360.48

1,230.57

1,270.10

1,116.89

4,971.75

23,104.92
1.25

16,870.42

13,777.57

58,388.74
1,047.09
59,435.83

7,619.26

31,631.02

4,348.08

17,701.86

(b)

Purchases of Stock In Trade

11,275.18

9,417.02
5,244.42

(d)

Changes in inventory of finished goods, work in progress

and stock in trade.
Employees Benefits expense

(2,313.03)
541.42

(917.55)
526.74

(1,102.35)
530.77

(3,359.95)
2,136.15

(e)

Depreciation and amortisation expenses

449.04

447.38

412.40

1,791.99

(t)

Other Expenses

2,346.16

2,318.69

1,867.26

8,323.08

Total Expenditure
Profit/CLoss) from Operations before Other
Income,Finance Cost and exceptional items ( 1-2 )

22,760.84

17,036.71

13,675.42

58,224.15

345.33

271.57

289.38

1,211.68

345.33

271.57

289.38

1,211.68

Other Income
Proftt/u.oss) from Ordinary activities before Finance Cost
and exceptional items ( 3-4 )

Exceptional Items

10

14

187.23
13,964.80

10,462.08

13

23,106.17

437.86
17,308.27

Cost of Materials Consumed

11
12

31IMar/2016

(a)

Finance Costs ( 5-6 )

Proflt/(Loss) from Ordinary activities after Finance Cost
but before exceptional items

JO/Jun/2015

Expenses

ended (Unaudited)
JIIMar/2016

Income from Operations

(b)

YEAR
ENDED
(Audited)

261.14

221.79

256.68

985.72

84.19

49.78

32.70

225.96

Profit/(Loss) from Ordinary Activities before tax (7-8)

84.19

49.78

32.70

225.96

Tax Expense
Net Profit/CLoss) from Ordinary Activities after tax (910)

-178.03

(178.03)

84.19

227.81

32.70

403.99

32.70

403.99

Extra-ordinary items (net of tax expense Rs.

Net Profit/CLoss) for the period ( 11-12 )
Paid-up Equity Share Capital
[face value ofRs.l/- per share-

/- )
84.19
3,980.81

227.81
3,980.81

3,980.81

3,980.81

(Formerly known as ISIBARSLTD.)

REGD. OFFICE & STEEL PLANT

OFFICE

info@indiasteel.in

Zenith Compound Khopoli,

Raigad - 41 0203, Maharashtra, India
T:+912192265812
F:+912192264061
CIN: L29100MH1987PLC043186

India Steel Works Limited,

1101, Tower 2, Indiabulis Finance Centre,
Senapati Bapat Marg, Elphinstone (W), Mumbai - 400 013
T: +91 224910 2000 F~+91 22 491 02099

www.indiasteel.in

INDIA STEEL
WORKS LTD
Inner Vision. Global Action.

Reserves excluding Revaluation

15
16

(i)

(ii)

PART

Reserves as per Balance

a) Basic

0.02

0.06

0.01

0.10

b) Diluted
Earnings per share ( After extra ordinary items) of Rs.II-

0.02

0.06

0.01

0.10

a) Basic

0.02

0.06

0.01

0.10

b) Diluted

0.02

0.06

0.01

0.10

Sheet of previous accounting year

Earnings per share ( Before extra ordinary items) ofRs.IIeach not armualised.

each not annualised.

-II A PARTICULARS

OF SHAREHOLDING

Public Shareholding

17

30/Junl2016

as on

Number of shares
Percentage of shareholding

311Dec/2015

31/Mar/2016

199486898

199486898

199486898

50.11%

50.11%

50.11%

46187600

46187600

46187600

23.26%

23.26%

23.26%

11.60%

11.60%

11.60%

152406427

152406427

152406427

76.74%

76.74%

76.74%

38.29%

38.29%

38.29%

Promoters and promoters group shareholding

18

a) Pledged /Encumbered
- Number of shares
- Percentageof shares (as a % of total shareholding
promoter and promoter group)
Percentage

of shares(as

ot

a % of total share capital or the

Company)
b) Non-encumbered
- Number of shares
- Percentageof shares (as a % of total shareholding
promoter and promoter group)
Percentage
Company)
PART

-II B INVESTORS

01

of shares( as a % of total share capital of the

COMPLAINTS

3 Months ended 30th June 2016

(i) Pending at beginning of Quarter : 0
iii) Disposed off during the Quarter: 0 ;

ii) Received during the Quarter:

0
(iv) Lying unresolved as on 30th June, 2016: O.

NOTES
The above results were reviewed by the Audit Committee and taken on record by the Board of Directors of the

Company at its meeting held on 12th Aug 2016

2

The Statutory Auditor has carried out limited review of the above results.

The Company is exclusively in the Steel Business

Segment and as such there are no reportable segments as

defmed by AS-17 on segment reporting, as issued by the Institute of Chartered Accountants

of India [ICAl]

The figures for the last quarter for the current and previous year are the balancing figures between the audited

figures in respect of the full financial year up to March, 2016 and the unaudited published year-to-date
figures up to June 30,2016 being the date of the end of the first quarter of the financial year, which
were subject to limited review.

Figures for the previous accounting period have been regrouped wherever necessary.
Date:

12th August

Place:

Mumbai.

F/[j h-bi.sTEE'J~0RKS.

2016

LIMITED

.f/

"7

lJ

~ anaging

Director

(Formerly known as ISIBARSLTD.)

REGD. OFFICE & STEEL PLANT

Zenith Compound Khopoli,
Raigad - 410203, Maharashtra, India
T: +91 2192265812

F: +91 2192264061

CIN: L291 OOMH 1987PLC043186

OFFICE
India Steel Works Limited,
1101,Tower 2, Indiabulls Finance Centre,
Senapati Bapat Marg, Elphinstone (W), Mumbai - 400 013
T: +91 224910 2000 F: +91 2249102099

info@indiasteel.in
www.indiasteel.in

Continuation Sheet

thanawala & co.

INDEPENDENT AUDITOR'S REPORT

We have reviewed the accompanying statement of Un-audited Financial Result ("the

statement") of MIS. INDIA STEEL WORKS LTD. ("the company") for the quarter ended 30
June, 2016 attached herewith, being submitted by the Company pursuant to the requirements of
Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations,
2015, read with Circular No. CIRlCFD/CMD/15/2015
dated 30th November,2015 and
th
CIRlCFDIFAC/62/2016
dated 5 July 2016.
The 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 these fmancial statements
based on our review.
We conducted our review in accordance with the Standard on Review Engagement (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 financial
statements are free of material misstatement. A review is limited primarily to inquires of
company personnel and analytical procedures, applied to financial data and thus provides less
assurance than a audit. We have not performed an audit and accordingly, we do not express an
audit opinion.
Based on our review conducted as above, nothing has come to our attention that causes us to
believe that the accompanying statements, prepared in accordance with the applicable Indian
Accounting Standards and other accounting practices and policies generally accepted in India,
has not disclosed the information required to be disclosed in term of Regulation 33 of the
SEBI(Listing Obligation and Disclosure Requirement) Regulations, 2015 read with Circular
No. CIRlCFD/CMDI15/2015 dated 30th November, 2015 and CIRlCFDIFAC/62/2016
dated 5th
July, 2016 including the manner in which it is to be disclosed or that it contains any material
misstatement.

Thanawala & Company

Chartered Accountants
Firm Reg. No. 110948W
~vV

I v,K. Thanawala J
Proprietor
Membership No. 15632
Place: Mumbai
Dated: