Gandhi Special Tubes Ltd. announced that the Board of Directors of the company at its meeting held on January 28, 2013, have declared an Interim Dividend INR 6 per share (120%) for the year ending on March 31, 2013, on 1,46,98,616 Equity shares of INR 5 each aggregating to an outlay of INR 8819.2 million excluding Dividend tax.

Gandhi Special Tubes Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported net profit of INR 46.294 million or INR 3.15 per diluted share before and after extraordinary items on net sales of INR 198.681 million compared to net profit of INR 80.387 million or INR 5.47 per diluted share before and after extraordinary items on net sales of INR 264.974 million reported a year ago. Profit from operations before other income, finance costs & exceptional items was INR 53.390 million against INR 90.559 million a year ago. Profit from ordinary activities before tax was INR 64.575 million against INR 110.269 million a year ago. For the nine months, the company reported net profit of INR 178.965 million or INR 12.18 per diluted share before and after extraordinary items on net sales of INR 689.612 million compared to net profit of INR 228.701 million or INR 15.56 per diluted share before and after extraordinary items on net sales of INR 767.395 million reported a year ago. Profit from operations before other income, finance costs & exceptional items was INR 221.601 million against INR 291.177 million a year ago. Profit from ordinary activities before tax was INR 246.357 million against INR 319.423 million a year ago.

Gandhi Special Tubes Ltd., Board Meeting, Jan 28, 2013. Agenda: To consider and approve the un-audited financial results for the quarter ended on December 31, 2012 together with the limited review report of the Auditor; and to consider and declare interim dividend for the financial year ending on March 31, 2013.