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Registered Office: 9/10, Kunj Society, Alkapuri, Baroda-390007

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE
QUARTER ENDED 30th SEPTEMBER, 2000

  (Rs. in Lacs)

Sr. No.

Particulars

Quarter ended

Half-year ended

Year Ended

   

30-09-2000

30-09-1999

30-09-2000

30-09-1999

31-03-2000

           

(Audited)

1.

Sales, net of Excise 4,622.03 4,429.03 9,334.24 8,396.73 17,411.81

2.

Other Income

54.85 162.58 189.86 226.28 339.75

3.

Total Expenditure

4,163.15 3,798.09 3,386.55 7,163.34 14,903.27

 

a.Increase / decrease in stock in trade (351.88) (17.85) (374.40) 35.69 (151.19)
  b. Consumption of raw materials 2,900.01 2,256.98 5,494.84 4,277.80 9,044.34
 

c. Staff Cost

372.57 338.43 762.00 670.26 1390.07
 

d. Other expenditure

1,242.45 1,220.53 2,504.11 2,179.59 4,620.05
4.

Interest

276.96 249.01 530.85 501.68 977.78

5.

Depreciation

170.89 151.35 338.13 295.55 611.31

6.

Profit before Tax 65.88 393.16 268.57 662.44 1,259.20

7.

Provision for taxation

- - - - 132.50

8.

Profit after Tax

65.88 393.16 268.57 662.44 1,126.70

9.

Add /(Less) : Prior Year’s adjustment/Extraordinary Items

- - - - 3.63

10.

Net Profit 65.88 393.16 268.57 662.44 1,130.33

11.

Paid up Equity Share Capital

574.90 574.88 574.90 574.88 574.90

12.

Reserves excluding revaluation reserve

        5,565.40

13.

EPS for the period (not annualised), for the year to date and for the previous year.

1.15 6.84 4.67 11.52 19.66
  NOTES:

1)

Previous year’s figures, wherever necessary, have been regrouped in order to conform to this year’s classification.

   

2)

Provision for Income Tax will be determined and provided for in the full year's accounts of  2000-01.

   

3)

Unprecedented steep increase in the price of major raw materials and uilities in line with spiraling oil prices have adversely affected profitability for the period.
   

4)

The Auditors of the Company have conducted a limited review of the results for the half year ended 30th September,2000.

   
5) The above unaudited financial results have been considered and taken on record by the Board of Directors at its meeting held on 23rd October,2000.
   
   
  MUMBAI, 23rd OCTOBER , 2000
  D. C. MEHTA
  MANAGING DIRECTOR
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