Deepak Nitrite
Limited Profit Up
|
| Inspite
of lacklustre market conditions and general
down turn in the economy Deepak Nitrite
Limited (DNL) has posted higher sales of
Rs. 155.75 crore for nine month period ending
December 31, 2001 as compared to Rs.144.12
crore for the corresponding period of previous
year. Profit before tax stood at Rs. 5.00
crore as compared to Rs. 2.85 crore for
the corresponding period of pervious year,
an increase of 75 per cent. Earning per
share has increased to Rs. 7.04 for the
nine-month period ending December, 2001
form Rs. 4.97 for the corresponding period
of previous year.
While chemical industry was under pressure
due to recessionary conditions company’s
effort to develop new value added products
for exports has helped to improve the bottom
line.
|
| Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
UNAUDITED FINANCIAL
RESULTS (PROVISIONAL) FOR THE
QUARTER ENDED 31st DECEMBER, 2000
|
| |
| Sr.No. |
Particulars |
Quarter
ended |
Half-year
ended |
Year
Ended |
| |
|
30-09-2001 |
30-09-2000 |
30-09-2001 |
30-09-2000 |
31-03-2001 |
| |
|
|
|
|
|
(Audited) |
| 1. |
Sales, net of Excise |
5,077.81
|
4,326.38
|
14,412.05
|
12,723.11
|
17,411.81
|
| 2. |
Other Income |
116.33 |
68.21 |
306.19
|
294.49 |
339.75 |
| 3. |
Total Expenditure |
4,706.85 |
3,733.36 |
13,093.40 |
10,896.70 |
14,903.27 |
| |
a. (Increase)/decrease
in stock in trade |
(160.73) |
(93.52) |
(535.13) |
(57.83) |
(151.18) |
| |
b. Consumption of raw
materials |
3,207.50
|
2,293.40
|
8,702.34
|
6,571.20 |
9,044.34
|
| |
c. Staff cost |
397.18
|
381.29 |
1,159.18 |
1,031.55 |
1,390.07 |
| |
d. Other expenditure |
1,262.90
|
1,172.19
|
3,767.01
|
3,351.78
|
4,620.05
|
| 4. |
Interest |
294.15
|
248.75
|
825.00 |
750.43
|
977.78 |
| 5. |
Depreciation |
176.15
|
144.17
|
514.28
|
439.72 |
611.31
|
| 6. |
Profit before
Tax |
16.99 |
268.31 |
285.56 |
930.75
|
1,259.20 |
| 7. |
Provision
for taxation |
- |
- |
- |
- |
132.50
|
| 8. |
Profit after
tax |
16.99 |
268.31
|
285.56 |
930.75
|
1,126.70
|
| 9. |
Add (Less)
: Prior Year’s adjustment / |
- |
- |
- |
- |
3.63
|
| |
Extraordinary items |
|
|
|
|
|
| 10. |
Net Profit |
16.99
|
268.31
|
285.56 |
930.75
|
1,130.33 |
| 11. |
Paid
up Equity Share Capital
(Face Value of Rs. 10/- each) |
574.90 |
574.88 |
574.90 |
574.88
|
574.90
|
| 12. |
Reserves
excluding revalution reserve |
|
|
|
|
5,565.40 |
| 13. |
EPS
for the period (notannualised) for the year
to date and for the previous year |
0.30 |
4.67 |
4.97 |
16.19 |
19.66 |
|
|
| |
notice
- |
| 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 2000-2001. |
| |
|
| 3) |
Substantial
increase in the prices of major raw
materials and fuel could not be passed
on, as a result of heavy dumping in
its main products, leading to a significant
fall in profitability. |
| |
|
| 4) |
The
above unaudited financial results
have been considered and taken on
record by the Board of Directors at
its meeting held on 22nd January,
2001. |
| |
|
| |
MUMBAI, 22nd
JANUARY, 2001 |
| |
D.C. MEHTA |
| |
MANAGING DIRECTOR |
|
|
