Exceptional item(net of tax expenses) Rs (-64.80) million

1. The above financial results, reviewed by Audit Committee have been taken on record by the Board of Directors at its’ meeting held on April 30, 2009. The Statutory Auditors have carried out the ‘Limited Review’ of the results.

2. The consolidated financial results comprise the financial results of Bihar Tubes Ltd and its 100% subsidiaries Shri Lakshmi Metal Udyog Ltd and Apollo Metalex (P) Ltd. and have been prepared in accordance with the AS-21 issued by the ICAI.

3. Other Expenditure includes GDR Issue Expenses. Interest Expenses includes loss incurred on Foreign Currency Loan. Exceptional Item represents/includes Strategic Investment Losses.

4. The Share Capital as at March 31, 2009 includes the 370,000 shares allotted on January 04, 2009 on conversion of 185,000 convertible warrants issued to Strategic Investors, listing permissions for these shares are awaited.

5. The total sale of finished goods in quantity for the financial year ended March 31, 2009 is 122258 MT, as compared to 71257 MT in financial year ended March 31, 2008 registering increase of 71.57%

Products Financial Year 2008-09
Quantity / MT % of Total

Hollow Section 24797 20.28
Pre Galvanised Tubes 14264 11.67
Hot dipped Galvanised Tubes 43503 35.58
ERW Black round Tubes 27199 22.25
MS Steel Coil 12495 10.22

6. Previous period figures have been regrouped / reclassified / recasted, wherever necessary to facilitate comparison.

7. The Company operates only in one segment i.e. manufacturing of Infrastructure Products.

Sanjay Gupta
Managing Director