First
Quarter Results of Deepak Nitrite |
Despite
7% increase in the turnover for the first
quarter ended 30th June 2001 from Rs.47.12
crores to Rs.50.45 crores, the profit before
tax has gone down from Rs.2.03 crores to
Rs.0.51 crores, after providing interest
of Rs.2.83 crores (Rs.2.54 crores) and depreciation
of Rs.1.82 crores (Rs.1.67 crores).
The sluggish economy and adverse
marked conditions experienced last year,
continued even in the first quarter of the
current year. The prices of major raw-materials
and fuel also continued to rule firm. Consequently
the operating profit of the company has
gone down.
However, the Company’s
Export performance has shown a significant
growth. Export sales have gone up to Rs.13.19
crores in the current quarter from Rs. 11.20
crores during the corresponding period in
the previous year. Thus resulted in a growth
of about 18%.
|
Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
UNAUDITED
FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED 30th JUNE,
2001 |
(Rs.
in lacs) |
| Sr.
No. |
Particulars |
Quarter
ended |
Previous
Year ended |
| |
|
30-06-2001 |
30-06-2000 |
on 31-03-2001 |
| |
|
|
|
(Audited) |
| 1. |
Net Sales |
5,044.72 |
4,712.21 |
20,017.90 |
| 2. |
Other Operating Income |
17.99 |
- |
159.64 |
| 3. |
Other Income |
57.25 |
135.01* |
1,023.81 |
| 4. |
Total Expenditure |
4,604.15 |
4,223.40 |
18,288.34 |
| |
a. (Increase)/decrease
in stock in trade |
193.17 |
(22.52) |
(487.58) |
| |
b. Consumption of raw
materials |
2,847.97 |
2,594.83 |
12,215.58 |
| |
c. Staff cost |
393.82 |
389.43 |
1,533.53 |
| |
d. Other expenditure |
1,169.19 |
1,261.66 |
5,026.81 |
| 5. |
Interest |
283.14 |
253.89 |
1,105.37 |
| 6. |
Depreciation |
182.14 |
167.24 |
702.30 |
| 7. |
Profit before Tax |
50.53 |
202.69 |
1,105.34 |
| 8. |
Provision for taxation |
- |
- |
90.00 |
| 9. |
Profit after tax |
50.53 |
202.69 |
1,105.34 |
| 10. |
Add / (Less) : Prior Year’s
adjustment / |
- |
- |
7.79 |
| |
Extraordinary
items |
|
|
|
| 11. |
Net Profit |
50.53 |
202.69 |
1,023.13 |
| 12. |
Paid up Equity Share Capital |
|
|
|
| |
(Face Value of Rs. 10/-
each) |
575.00 |
574.90 |
575.00 |
| 13. |
Reserves excluding revalution
reserve |
|
|
6,430.92 |
| 14. |
Basic and diluted EPS
in ( Rs.) |
0.88 |
3.53 |
17.79 |
| * |
Includes interim
dividend received on investments. |
|
|
|
| |
|
| |
notes
- |
| 1) |
The
impact of substantial increase in
the prices of major raw-materials/fuel
which could not be passed on to customers,
continued even during the current
quarter. |
| |
|
| 2) |
Previous year's figures,
wherever necessary, have been regrouped
in order to conform to this year's classification. |
| |
|
| 3) |
Provision for taxation
including deferred tax will be made
at the end of the year. |
| |
|
| 4) |
The above unaudited financial
results have been considered and taken
on record by the Board of Directors
at its meeting held on 30th July, 2001. |
| |
|
| |
MUMBAI, 30th July,
2001 |
| |
D. C. MEHTA |
| |
MANAGING DIRECTOR |
| |
|
|
