ELECTRO STEEL CASTINGS = RESULTS FOR Q3 FY 2011 = QTR ENDING DECEMBER 2010 = NET PROFIT DOWN 24.68%

Electrosteel Castings Limited

NSE Symbol ELECTCAST

NET SALES : has gone up to Rs.425 cr – up by 1.05% from Q2; by 18.08% from Q1; by 10.47% from Q4 of FY10; up by 19.39% from Q3 of FY10.

PROFIT FROM OPERATIONS : is Rs.      74 Cr – up by 17.69% from Q2; up by 37.8% from Q1; down by 28.13% from Q4 of FY 10; down by 24.53% from Q3 of FY 10.

NET PROFIT : is Rs.47 cr – up by 22.91% from Q2; up by 57.73% from Q1; down by 26.34% from Q4 of FY10; down by 24.68% from Q3 of FY10.

RESULTS TABLE :

ELECTRO STEEL	31-Dec-10	30-Sep-10	30-Jun-10	31-Dec-09	30-Sep-09
Net Sales	42495.88	42052.29	35990.36	38466.93	35593.81
DIF %1	425	1.05	18.08	10.47	19.39
Other Opertng Income	1243.13	1171.58	895.57	3136.47	2221.24
Increase/decrease in SIT / WIP	-3077.13	-47.03	-1257.86	-495.43	-2606.9
Raw Materials	27791.64	25484.5	19452.93	21385.02	20488.21
Purchase of Traded Goods	954.11	1681.17	3372.4	915.74	1023.21
Employees Cost	3286.48	3191.76	2747.64	2634.98	2590.8
Depreciation	1432.03	1430.12	1311.95	1386.67	1293.94
Other Expenditure	5994.17	5231.58	5919.29	5538.43	5275.97
Total Expenditure	36381.3	36972.1	31546.35	31365.41	28065.23
Profit from Operations	7357.71	6251.77	5339.58	10237.99	9749.82
DIF %2	74	17.69	37.8	-28.13	-24.53
Other Income	106.55	446.25	644.23	113.9	451.17
Profit before Interest & Exceptional Items	7464.26	6698.02	5983.81	10351.89	10200.99
Interest6	1232.54	1024.44	1725.94	761.57	1008.26
Tax expense	1487	1813.18	1249.82	3149.2	2893.67
Net Profit	4744.72	3860.4	3008.05	6441.12	6299.06
DIF %3	47	22.91	57.73	-26.34	-24.68
Face Value (In Rs	1	1	1	1	1
Paid Up Equity	3267.53	3267.53	3267.53	3267.53	3267.53
Basic EPS	1.45	1.18	0.92	-	1.96
Public holding (%)	50.77	50.81	50.81	51.07	51.07

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