SIEL Ld - 2nd Quarter & Interim Results

RNS Number:8900J
SIEL Ld
2 May 2000


Letter to Company Announcements Office
Dated April 29, 2000

In terms of the clause 41 of the Listing Agreement with the Stock Exchange, we
forward herewith the Unaudited Quarterly Financial Results (provisional) of the
company, for the period ended 31.03.2000.

These have been taken on record by the Board of Directors in their meeting held
today.

These results are being published in the newspapers.

Letter from Siel Limited


Siel Limited : New Delhi
Regd. Office: 15, Skhivaji Marg, New Delhi 110015

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF THREE MONTHS ENDED 31.3.2000

                                                              (Rs. In Million)
                    Three months ended         Six months ended     Year ended
                                                                     30.9.1999
                   31.03.2000  31.03.1999   31.03.2000  31.03.1999     Audited

1. Net Sales/Income
   from Operations      1,148       1,234        2,456       2,211      4,918

2. Other Income            15          34           22          49        170

3. Total Expenditure 
   a. Increase/decrease
      in stock in 
      trade              (806)       (709)      (1,154)       (857)       115
   b. Consumption of raw
      materials/Purchase of
      finished goods    1,384       1,448        2,546       2,265      3,288
   c. Staff Cost           84          87          164         147        335
   d. Stores spares and
      components          107         107          190         161        265
   e. Other expenditure   305         318          540         414        665

4. Interest               135         134          255         242        538

5. Depreciation            52          43          103          68        170

6. Profit/(Loss) before
   tax                    (98)       (160)        (166)       (180)      (288)

7. Provision for taxation   -          -            -           -          -

8. Net Profit/(Loss)      (98)       (160)        (166)       (180)      (288)

9. Paid-up equity share
   capital                339         339          339         339        339

10.Reserve excluding       -           -            -           -       1,901
   revaluation reserve
   (as per balance sheet) 
   of previous accounting 
   year.    

11. EPS (Rs.)           (2.88)       (4.71)       (4.88)      (5.31)   (8.50)

Note:

The above results have been taken on record by the board of Directors in its
meeting held on 29.04.2000.

                                                     For Siel Limited
Place: New Delhi                                     (K.P. SINGH)
Date: 29.04.00                                       Whole Time Director


END
QRSBLGDUDUGGGGD

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