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| UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.01 |
|
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|
Rs Lakhs |
|
| S.NO |
Particulars |
%age |
Quarter |
%age |
Corresponding |
Half year |
Corresponding |
%age |
Variance |
Accounting |
%age |
Previous Accounting |
|
|
|
| |
|
|
ended |
|
Quarter ended |
ended |
Half year |
|
Absolute |
Year ended |
|
Year ended |
Variance |
Variance |
|
| |
|
|
30.06.01 |
|
30.06.00 |
31.03.00 |
ended |
|
|
31.03.01 |
|
31.03.00 |
For the quarter |
For the year |
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| |
|
|
(1) |
|
(2) |
|
31.03.99 |
|
(1) - (2) |
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|
|
|
|
|
isdm |
Ep |
isdg |
ifd |
rg |
cms |
pfd |
vcd |
srfi |
ho |
total |
|
| |
|
|
|
|
|
(Unaudited) |
(Unaudited) |
|
|
(Audited) |
|
(Audited) |
|
|
|
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
May-97 |
May-96 |
|
| 1 |
Net sales/ Income from Operations |
100.00 |
17636 |
100.00 |
16881 |
37971 |
29454 |
100.00 |
755 |
69286 |
100.00 |
66511 |
4% |
4% |
|
6,644 |
5,376 |
818 |
917 |
3,232 |
3,495 |
1,511 |
1,624 |
3,711 |
3,874 |
918 |
929 |
803 |
664 |
|
17,636 |
16,881 |
|
| 2 |
Other Income (Note 1) |
0.31 |
54 |
4.07
|
687 |
967 |
487 |
1.68 |
(633) |
1164 |
0.35 |
233 |
-92% |
400% |
|
15 |
27 |
|
14 |
14 |
18 |
4 |
2 |
7 |
3 |
|
2 |
6 |
|
629 |
54 |
687 |
|
| 3 |
Total Expenditure (Incl NPA) |
75.87 |
13380 |
76.83 |
12970 |
34137 |
21973 |
79.84 |
(410) |
55315 |
69.57 |
46271 |
3% |
20% |
|
5,454 |
4,390 |
737 |
837 |
2,114 |
1,874 |
1,303 |
1,407 |
2,201 |
2,514 |
252 |
273 |
672 |
628 |
2 |
3 |
0 |
0 |
558 |
1,044 |
13,380 |
12,970 |
|
| |
( a ) (Increase)/decrease in stock in
trade |
(1.97) |
(347) |
(9.54) |
(1,611) |
|
|
|
(1,264) |
(861) |
|
(450) |
-78% |
91% |
|
(301) |
(466) |
(32) |
(43) |
16 |
(873) |
(24) |
11 |
|
(156) |
|
(80) |
(7) |
(15) |
|
0 |
(347) |
(1,621) |
|
| |
( b ) Consumption of raw material |
52.34 |
9231 |
56.10 |
9471 |
|
|
48.16 |
240 |
34229 |
42.32
|
28601 |
-3% |
20% |
|
3,958 |
3,138 |
646 |
752 |
1,274 |
1,903 |
1,054 |
1,081 |
1,846 |
1,974 |
(42) |
192 |
424 |
427 |
|
(159) |
9,231 |
9,307 |
|
| |
( c ) Staff cost |
5.97 |
1054 |
5.23 |
883 |
|
|
5.32 |
(171) |
3689 |
5.14
|
3418 |
19% |
8% |
|
354 |
324 |
29 |
28 |
152 |
126 |
78 |
71 |
90 |
107 |
59 |
2 |
45 |
37 |
|
247 |
189 |
1,054 |
883 |
|
| |
( d ) Power & Fuel |
9.69 |
1709 |
10.55 |
1781 |
|
|
9.85 |
72 |
6825 |
9.46
|
6293 |
-4% |
8% |
|
677 |
758 |
17 |
17 |
497 |
508 |
87 |
77 |
136 |
213 |
189 |
112 |
105 |
96 |
|
1,709 |
1,781 |
|
| |
( e ) Other expenditure (Note 2) |
9.83 |
1734 |
14.49 |
2446 |
|
|
16.76 |
712 |
11609 |
12.64
|
8409 |
-29% |
38% |
|
766 [1] |
637 |
77 |
83 |
175 [2] |
210 |
108 |
168 |
130 |
376 |
45 |
46 |
104 |
82 |
2 |
3 |
|
311 |
1,015 |
1,734 |
2,621 |
|
| 4 |
Profit before interest, Depreciation
and tax (Note 3) |
24.44 |
4310 |
27.24 |
4598 |
4801 |
7968 |
21.84 |
(288) |
15135 |
30.78
|
20473 |
-6% |
-26% |
|
1,206 |
1,013 |
81 |
80 |
1,132 |
1,635 |
226 |
221 |
1,512 |
1,367 |
668 |
657 |
133 |
43 |
(2) |
(3) |
0 |
0 |
(558) |
(415) |
4,310 |
4,598 |
|
| 5 |
Interest and Finance charges |
8.83 |
1556 |
9.93 |
1676 |
2156 |
5199 |
10.00 |
120 |
6927 |
14.24
|
9473 |
-7% |
-27% |
|
518 |
65 |
32 |
37 |
778 |
184 |
63 |
16 |
186 |
30 |
138 |
|
122 |
15 |
|
0 |
|
(265) |
1,328 |
1,556 |
1,676 |
|
| 6 |
Gross profit after interest but before |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
depreciation & taxation |
15.61 |
2754 |
17.31 |
2922 |
2645 |
2769 |
11.85 |
(168) |
8208 |
16.54 |
11000 |
-6% |
-25% |
|
687 |
948 |
50 |
43 |
354 |
1,450 |
163 |
205 |
1,326 |
1,337 |
530 |
657 |
11 |
28 |
(2) |
(3) |
0 |
0 |
(294) |
(1,744) |
2,754 |
2,922 |
|
| 7 |
Depreciation |
6.26 |
1105 |
5.70 |
962 |
2021 |
1761 |
5.72 |
(143) |
3960 |
5.64
|
3751 |
15% |
6% |
|
363 |
247 |
14 |
17 |
449 |
455 |
38 |
34 |
69 |
52 |
87 |
76 |
65 |
61 |
10 |
10 |
1 |
1 |
10 |
9 |
1,105 |
962 |
|
| 8 |
Profit before tax |
9.35 |
1649 |
11.61 |
1960 |
624 |
1008 |
6.13 |
(311) |
4248 |
10.90
|
7249 |
-16% |
-41% |
|
325 |
701 |
36 |
26 |
(95) |
995 |
125 |
171 |
1,258 |
1,285 |
443 |
581 |
(54) |
(33) |
(12) |
(14) |
(1) |
(1) |
(304) |
(1,753) |
1,649 |
1,960 |
|
| 9 |
Provision for taxation (Note 4) |
0.72 |
126 |
0.96 |
162 |
450 |
155 |
0.33 |
36 |
229 |
4.81
|
3201 |
#REF! |
#REF! |
|
0 |
|
0 |
|
0 |
|
0 |
0 |
|
| 10
|
Net profit |
8.64 |
1523 |
10.65 |
1798 |
#REF! |
#REF! |
0.11 |
(275) |
4019 |
6.09
|
4048 |
#REF! |
#REF! |
|
325 |
701 |
36 |
26 |
(95) |
995 |
125 |
171 |
1,258 |
1,285 |
443 |
581 |
(54) |
(33) |
(12) |
(14) |
(1) |
(1) |
(304) |
(1,753) |
1,649 |
1,960 |
|
| 11
|
Cash generated after tax |
|
2,628 |
|
2,760 |
#REF! |
#REF! |
|
(132) |
7,979 |
0.68
|
450 |
-22% |
-49% |
|
|
727 |
|
|
| 12
|
Paid up equity Share Capital |
|
6554 |
|
6469 |
6467 |
6168 |
|
|
6554 |
#REF! |
#REF! |
-15% |
#REF! |
|
|
|
| 13
|
Reserves excluding
revaluation reserves |
|
0 |
|
0 |
24391 |
21726 |
|
|
32903 |
|
#REF! |
|
|
|
|
|
| 14 |
Diluted Earning Per
Share |
|
2.32 |
|
2.78 |
|
|
|
|
6.23 |
|
6467 |
1% |
1% |
|
|
|
| 15
|
Aggregate of
Non-Promoter shareholding |
|
|
|
|
|
|
|
|
|
24391 |
#DIV/0! |
35% |
|
|
|
| |
-Number of
shares |
|
47,471,866
|
|
47055946 |
|
|
|
47,471,866
|
|
4.15 |
-16% |
50% |
|
|
|
| |
-Percentage
of shareholding |
|
73.57% |
|
72.93% |
|
|
|
|
73.57% |
|
|
|
|
|
|
|
47065293 |
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|
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|
72.94% |
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Notes |
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| 1) |
Other Income for the quarter ended 30.6.00 includes Rs 626 lakhs on account of
profits on sale of assets (residential
property) . There is no corresponding income in the current quarter ended
30.6.01 |
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| 2) |
Other expenditure for the current quarter ended 30/06/01 includes provision towards negative
impact on account of foreign
currency fluctuation of Rs 7 lakhs (PY-negative impact Rs.252 lakhs ) |
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| 3) |
Profitability of
Nylon Tyre Cord Fabric business(NTCF) in the current
quarter continues to be under severe pressure due to aggressive exports by South East and Far East Asian NTCF
producers. . |
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| 4) |
The company continued
the financial restructuring exercise by replacing high cost debt with cheaper loans. This has reduced the
interest and finance charges by 6.2% for the current quarter to Rs.1572
lakhs(PY Q1-Rs 1676 lakhs) |
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| 5) |
Provision for tax has
been made on Minimum Alternate Tax basis. Additional provision, if any, required in accordance with
AS 22 - Accounting for Taxes on Income will be made at the end of the
financial year. |
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| 6) |
As per the agreement
between the Government of India and multilateral fund of Montreal
Protocol for gradual phasing out of Chloro Fluoro
Carbons, the company shall receive USD 34.48
Mn(Rs.162 crs) approx. over the next ten years. Of this amount USD 9.67 Mn (Rs 4452 lakhs) has been received during the financial year ended
31st March 2001 and USD 2.77 Mn (Rs 13.03 crs) in the current quarter . This has not been
considered in the above results. |
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| 7) |
The company continues
to provide for NPA as per the policy. Such provisions have been included
under appropriate heads in item No. 3, whereas they were shown seperately in
the quarterly results untill 31.3.2001 |
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| 8) |
Figures for the previous year have been regrouped, reworked and rearranged to
conform with those of the current year wherever necessary. |
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| 9) |
The above results were taken on record by the
Board of Directors in the meeting held on 18th July
'2001. |
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For and on behalf of the Board |
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Date:18th July 2001 |
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Arun Bharat Ram |
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Place: New Delhi |
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Vice Chairman & Sr. Managing Director |
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