UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31.12.01 SEGMENT REVENUE, RESULTS AND CAPITAL EMPLOYED UNDER CL. 41 OF THE LISTING AGREEMENT  
   
   
  Rs Lakhs Rs Lakhs  
  S. No. Particulars Note Quarter ended Half year Corresponding %age Variance Nine months ended Year ended %age Previous Accounting     Particulars Quarter ended 31.12.01 Nine months ended 31.12.01  
        31.12.01  (Unaudited)   31.12.00   (Unaudited) 31.03.00 ended     31.12.01  (Unaudited) 31.12.00   (Unaudited)  31.03.01                       (Audited)   31.03.00 For the quarter For the year Segment Revenue      
     (1)    (2)    (3)   31.03.99   (1) - (2)  (4)  (5)  (6)         isdm Ep isdg ifd rg cms pfd vcd srfi ho total - Tyre cord fabric (TCF) 8805 25316  
              (Unaudited) (Unaudited)         (Audited)   (Audited)     35581 35216 35581 35216 35581 35216 35581 35216 35581 35216 35581 35216 35581 35216 35581 35216 35581 35216 35581 35216 35581 35216        
  1 Net Sales/ Income from Operations   16505 100 18414         51206 51472 69286 100 66511 (0) 0 6644 5376 818 917 3232 3495 #REF! 1624 3711 3874 918 929 803 664 #REF! 16881 - Fluorochlorochemicals 3172 11795  
  2 Other Income  1 36 1 183         205 946 1164 0 233 (1) 4 15 27 14 14 18 4 2 7 3 2 6 629 54 687 - Polyester Film 809 2697  
  3 Total Expenditure (Incl NPA)   12935 82 15047         40167 41005 55315 70 46271 (0) 0 5454 4390 737 837 2114 1874 1303 1407 2201 2514 252 273 672 628 2 3 558 1044 13380 12970 - Others 4238 12561  
    ( a ) (Increase)/decrease in stock in trade   (60) (13) (2381)         (19) (1754) (861)   (450) (1) 1 (301) (466) (32) (43) 16 (873) (24) 11 (156) (80) (7) (15) (347) (1621) Total Segment revenue 17024 52369    
    ( b ) Consumption of raw material   7887 65 11959         24139 27273 34229 42 28601 (0) 0 3958 3138 646 752 1274 1903 1054 1081 1846 1974 (42) 192 424 427 (159) 9231 9307 Less : Inter Segment revenue 519 1163  
    ( c ) Staff cost   1021 5 944         3033 2591 3689 5 3418 0 0 354 324 29 28 152 126 78 71 90 107 59 2 45 37 247 189 1054 883 Net Sales / Income from Operations 16505 51206  
    ( d ) Power & Fuel             1384 9 1714         4782 5238 6825 9 6293 (0) 0 677 758 17 17 497 508 87 77 136 213 189 112 105 96 1709 1781 Segment Results      
    ( e ) Other expenditure     2 2703 15 2811         8232 7657 11433 13 8409 (0) 0 766 637 77 83 175 210 108 168 130 376 45 46 104 82 2 3 311 1015 1734 2621 - Tyre cord fabric (TCF) 1805 4759  
  4 Profit Before Interest, Depreciation and Tax   3 3606 19 3550         11244 11413 15135 31 20473 0 (0) 1206 1013 81 80 1132 1635 #REF! 221 1512 1367 668 657 133 43 (2) (3) (558) (415) #REF! 4598 - Fluorochlorochemicals 1167 4158  
  5 Interest and Finance charges  (Net)   1452 10 1890         4259 5470 6927 14 9473 (0) (0) 518 65 32 37 778 184 63 16 186 30 138 122 15 0 (265) 1328 1556 1676 - Polyester Film 125 529  
  6 Gross Profit After Interest but Before Depreciation & Taxation   2154   1660         6985 5943 8208         - Others 418 1174  
  7 Depreciation   1131 5 971         3272 2891 3960 6 3751 0 0 363 247 14 17 449 455 38 34 69 52 87 76 65 61 10 10 1 1 10 9 1105 962 Less : Interest 1452 4259  
  8 Profit Before Tax   1023 4 689         3713 3052 4248 11 7249 0 (0) 325 701 36 26 (95) 995 #REF! 171 1258 1285 443 581 (54) (33) (12) (14) (1) (1) (304) (1753) #REF! 1960 Less : Other Unallocable expenses net of income 1040 2648  
  9 Provision for Taxation                                                                           4 407   59         989 254 229         Total Profit Before Tax 1023 3713  
  10 Net profit (Profit After Tax)   616 3 630         2724 2798 4019         Capital Employed (Segment Assets less Segment Liabilities)      
  11 Paid up equity Share Capital   6554   6554         6554 6554 6554         -Tyre Cord Fabric (TCF) 26310 26310  
  12 Reserves excluding revaluation reserves                     32903 11 7249 #REF! #REF! 325 701 36 26 (95) 995 #REF! 171 1258 1285 443 581 (54) (33) (12) (14) (1) (1) (304) (1753) #REF! 1960 - Fluorochlorochemicals 10039 10039  
  13 Earning Per Share (Not Annualised)   0.95   0.98         4.22 4.34 6.23 #REF! #REF! (0) #REF! - Polyester Film 4410 4410  
  14 Aggregate of Non-Promoter shareholding                         #REF!     - Others 6554 6554  
    -Number of shares   47471866   47471866         47471866 47471866 47471866   6467.00   0.01 Total Capital Employed in Segments 47313 47313  
    -Percentage of shareholding   73.57   73.57         73.57 73.57 73.57   24391 #DIV/0! 0 Add : Unallocable Corporate Assets less Liabilities 10056 10056  
    4 (0) 1 Total Capital Employed in the Company 57369 57369  
                 
    ########     Notes :  
  Notes: 1. Segments have been identified in line with the Accounting standard on Segment Reporting (AS-17) taking  
  1 Other Income for the YTD 31.12.00, includes Rs. 626 Lakhs on account of Profit on sale of assets (residential property).  There is no corresponding income in YTD 31.12.01 into account the organization structure as well as the differential risks and returns of these segments.  
  2 Other expenditure for the quarter and YTD 31.12.01, includes provision towards negative impact on account of foreign currency fluctuation of Rs. 142 Lakhs (previous year Rs. 47 Lakhs) and Rs. 331 Lakhs (previous year Rs. 337 Lakhs) respectively. 2. Details of products and services included in the above segments are given below :                                                                                     '- TCF includes Nylon Tyre Cord Fabric and Industrial Yarns.                                                                                                                     
  3 Results for the YTD 31.12.01 were affected by slowdown of economy in India and the World. Aggressive countering of import competition resulted in improved sales volumes, but lower margin in Nylon Tyre Cord Fabric. Domestic refrigerant gases demand was significantly lower due to poor growth of demand for refrigerators and air-conditioners and smuggling of gases mainly from Bangladesh and Nepal. In NTCF, despite increase in sales volume by 10% in the current quarter, net sales dropped by 8% due to steep reduction in selling price - Fluorochlorochemicals includes refrigerant gases and Chloromethanes.                                                                       - Others include Belting & Coated fabrics, Fish Net Yarn & Twine, Nylon Moulding Powder etc .  
  4 Deferred tax liability for the quarter and YTD 31.12.01, amounting to Rs. 368 Lakhs and Rs. 950 Lakhs respectively has been provided in accordance with the new Accounting Standard - 22 (AS-22) issued by The Institute of Chartered Accountants of India, based on the estimates. Any excess / short provision shall be suitably adjusted in the subsequent quarters. Since AS - 22 has become mandatory only from 1.4.01, there is no corresponding provision made for the previous quarter and YTD 31.12.00. The deferred tax provision relating to the previous year amounting to Rs. 6613 Lakhs will be adjusted against the revenue reserve at the end of the financial year 2001-02. 3. Segment Revenue , Results and Capital Employed include the respective amounts identifiable to each of the segments. Other unallocable expenditure includes expenses incurred on common services provided to the segments which are not directly identifiable .Unallocated corporate assets mainly relate to investments .  
  5 During the year, the Company received USD 5.5 MN (Rs. 2635 Lakhs) from the multilateral fund of Montreal Protocol as compensation for phasing out Chloro Fluoro Carbons. This has not been considered in these Accounts.  
  6 The Scheme of Amalgamation, Arrangement and Reconstruction has been sanctioned by Hon'ble High Court of Delhi and Hon'ble High Court of Judicature at Madras and the orders are awaited. The Scheme will be effective from the dates on which certified copies of the orders of the Courts are filed with the appropriate Registrars of Companies. For and on behalf of the Board  
  7 Figures for the previous year have been regrouped, reworked and rearranged to conform with those of the current year wherever necessary. 'Date   : January 24, 2002                                                                       
  8 Above results were taken on record by the Board of Directors in the meeting held on 24th January, 2002. Place : New Delhi Arun Bharat Ram  
  Vice Chairman & Sr. Managing Director
    <<BACK