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Investor
Relations
[BACKGROUND] [ANNUAL
REPORTS] [SHARE
HOLDING PATTERN] [FINANCIAL
RESULTS] [OTHER
REPORTS]
Financial
Results :
Quarter
ended December 31, 2002
Quarter
ended September 30, 2002
Quarter
ended June 30, 2002
Quarter
ended March 31, 2002
Quarter
ended December 31, 2001
Quarter ended September 30, 2001
Unaudited
Financial Results for the Quarter and the Half year ended
30th September 2001
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UNAUDITED��
|
AUDITED |
|
|
Quarter
Ended 30.9.2001 |
Quarter
Ended 30.9.2000 |
Six
months Ended
30.9.2001 |
Six
months
Ended
30.9.2000� |
�Year
Ended 31.3.2001 |
| 1. |
Net
Sales/Income from operations |
126.16 |
133.76 |
257.89 |
242.59 |
515.20 |
| 2. |
Other
Income |
1.99 |
1.30 |
3.68 |
2.55 |
8.42 |
| 3. |
Total
Income |
128.15 |
135.06 |
261.57 |
245.14 |
523.62 |
| 4. |
Total
Expenditure |
118.43 |
121.51 |
240.34 |
227.64 |
468.78 |
| a)
|
(Increase)/Decrease in stock in trade |
13.41 |
5.48 |
11.28 |
1.06 |
(4.73) |
| b)
|
Consumption of raw materials |
20.14 |
30.76 |
52.98 |
58.52 |
130.22 |
| c)
|
Staff Cost |
31.17 |
26.91 |
61.99 |
54.01 |
106.52 |
| d)
|
Overseas Business expenses |
27.38 |
32.45 |
61.40 |
66.92 |
136.86 |
| e)
|
Other expenditure |
26.33 |
25.91 |
52.69 |
47.13 |
99.91 |
| 5. |
Interest |
0.35 |
0.79 |
0.75 |
1.45 |
3.00 |
| 6. |
Depreciation |
4.04 |
4.14 |
8.22 |
8.32 |
17.70 |
| 7. |
Profit�
before Tax |
5.33 |
8.62 |
12.26 |
7.73 |
34.14 |
| 8. |
Provision
for Taxation (net) |
(0.63) |
2.16 |
0.88 |
2.16 |
7.60 |
| 9. |
Net
Profit� After all Taxes |
5.96 |
6.46 |
11.38 |
5.57 |
26.54 |
| 10. |
Paid-up
Equity Share Capital |
18.38 |
18.38 |
18.38 |
18.38 |
18.38 |
| 11. |
Reserves
excluding revaluation reserves |
- |
- |
- |
- |
157.48 |
| 12. |
Basic
and Diluted EPS |
3.24 |
3.51 |
6.19 |
3.03 |
14.44 |
| 13. |
Aggregate
of non-promoter's share holding |
|
|
|
|
|
|
|
Number
of Shares |
4679555 |
N.A. |
4679555 |
N.A. |
N.A. |
|
|
%
of� Shareholding |
25.46 |
N.A. |
25.46 |
N.A. |
N.A. |
NOTES :
-
During
the quarter under review, the Company's revenue and profitability
were impacted by a slow down in its business which is
expected to continue for the rest of the financial year.
In the quarter ended September 30, 2001, Total Income
declined by 5% to Rs. 128.15 crores and Net Profit declined
by 8% to Rs. 5.96 crores. For the half year ended September
30, 2001, Net Profit doubled to Rs. 11.38 crores compared
to Rs. 5.57 crores in the previous year's first half.
-
Other expenditure
includes provision for bad and doubtful debts of Rs. 3.34
crores (net) for the quarter ended September 30, 2001
(previous year's quarter : Rs. 2.67 crores-net ), and
Rs. 6.26 crores (net) for the half-year ended September
30, 2001 (previous year's first half : Rs. 3.38 crores
- net).
-
In
accordance with the new Accounting Standard AS 22 relating
to "Accounting for Taxes on Income", the company
has recorded a cumulative net deferred tax credit of Rs.
1.60 crores until April 1, 2001 as an addition to general
reserves. Since this standard has become mandatory from
April 1, 2001, figures for the previous period have not
been recast. Deferred tax credits for the quarter and
half-year ended September 30, 2001 amounted to Rs. 1.06
crores and Rs. 1.86 crores respectively.
-
Provision
for taxation for the quarter and half-year ended September
30, 2001 is net of Rs. 2.75 crores and Rs. 4.20 crores
respectively, pertaining to overseas tax written back
for prior years. The comparable figures for overseas tax
written back for the quarter and half-year ended September
30, 2000 amounted to Rs. 0.79 crores and Rs. 1.56 crores
respectively.
-
Figures
for the previous period have been re-grouped wherever
necessary.
-
The above
unaudited results have been taken on record by the Board
of Directors at the meeting held on October 29, 2001.
Mumbai
October 29, 2001 |
For and on
behalf of the Board of Directors
Dr. Nirmal Jain
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