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           Total Turnover          250758982                   736968737         2595778118

           Increase/Decrease in -59959722                      50871881          23178182
           Stock


           Total                   190799260                   787840618         2618956300

           Expenses                207345358                   785623143         2617458244

           GP                      -16546098                   2217475           1498056

           GP%                     -8.67                       0.28              0.06
 I.T.A No. 240/Rjt/2016 & C.O. 01/Rjt/17        A.Y. 2010-11                      Page No      10
ITO vs. M/s. Kandla Steel Pvt. Ltd.

             Adm. Expenses       250836                     483172           1102259

             NP                  -16627821                  1768332          690370

             NP%                 -8.71                      0.22             0.03