Ahmedabad, February 06, 2012:* India’s leading steel castings company,
Steelcast Limited, reported a net profit of Rs 4.96 crore for the third
quarter ended December 31, 2011 which represents a whopping jump of 504.88%
over Rs 0.82 crore PAT posted in the similar quarter in previous financial
year. Net sales in current Q3 at Rs. 64.65 crore were higher by 87.22% over
previous fiscal’s similar period net sales of Rs. 34.53 crore.

For the nine months ended December 31, 2011 Steelcast’s PAT stood at Rs
10.35 crore, a 301.16% increase over the similar period of previous fiscal.
Net sales too were higher by 76.97% at Rs 165.27 crore in current fiscal’s
nine months as against Rs. 93.39 crore in previous year’s similar period.

Commenting on the financial performance of the company, *Mr. Chetan
Tamboli, Chairman & MD of Steelcast Ltd.* said, “Our sales and profits have
continued to post strong growth due to high demand in all the user
industries. Company’s domestic and export sales have grown significantly,
with global market sales accounting for around 45% of turnover. A
significant expansion project is close to completion and major orders from
foreign and Indian firms have been flowing in. We will continue to grow at
a fast pace in the coming few quarters too.”