Deepak Nitrite
Limited Sales Increases by 20 Per Cent
|
| Despite
a sluggish economy, Deepak Nitrite Ltd.
has been able to increase its turnover for
the second quarter ending September 30th
2001 to Rs.55.53 crore from Rs.46.22 crore
in the corresponding period of the previous
year, while profit before tax has increased
from Rs. 0.66 crore to Rs.2.18 crore for
the same period.
Exports during the quarter
have significantly contributed towards the
increase in turnover. Consorted cost cutting
measures initiated by the Company during
the year have helped keep costs in check.
|
Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
UNAUDITED
FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED 30stSEPTEMBER,
2001 |
| |
| |
| |
(Rs.
in lacs) |
| 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. |
Net
Sales |
5,552.50 |
4,622.03 |
10,597.22 |
9,334.24 |
20,017.90 |
|
2. |
Other Operating
Income |
103.03
|
10.27
|
121.02
|
10.27
|
159.64
|
| 3. |
Other Income |
124.47
|
44.58
|
181.72 |
179.59
|
1,023.81 |
|
4. |
Total Expenditure |
5,062.54 |
4,163.15 |
9,666.69 |
8,385.55 |
18,288.34 |
|
|
a. (Increase)/decrease
in stock in trade |
(89.30) |
(351.88) |
(103.87) |
(374.40) |
(487.58) |
|
|
b. Consumption
of raw materials |
3,469.54 |
2,900.01 |
6,317.51 |
5,494.84 |
12,215.58 |
|
|
c. Staff cost |
408.74 |
372.57 |
802.56 |
762.00 |
1,533.53 |
|
|
d. Other expenditure |
1,273.56 |
1,242.45 |
2,442.75 |
2,504.11 |
5,026.81 |
|
5. |
Interest |
317.51 |
276.96 |
500.65 |
530.85 |
1,105.37 |
|
6. |
Depreciation |
181.52 |
170.89 |
363.66 |
338.13 |
702.30 |
|
7. |
Profit
before Tax |
218.43 |
65.88
|
268.96 |
268.57 |
1,105.34 |
|
8. |
Provision
for taxation |
45.50 |
- |
45.50
|
- |
90.00 |
| 9.
|
Profit after
tax |
172.93 |
65.88
|
223.46 |
268.57 |
1,015.34 |
| 10.
|
Add
(Less) : Prior Year’s adjustment / |
- |
- |
- |
- |
7.79
|
|
11. |
Net Profit |
172.93 |
65.88 |
223.46
|
268.57 |
1,023.13 |
|
12. |
Paid
up Equity Share Capital
(Face Value of Rs. 10/- each) |
575.00 |
574.90 |
575.00 |
574.90 |
575.00 |
|
13. |
Reserves
excluding revalution reserve |
|
|
|
|
6,430.92 |
|
14. |
EPS
for the period (not annualised) for
the year to date and for the previous
year |
3.01
|
1.15 |
3.89 |
4.67 |
17.79 |
|
15. |
Aggregate
of Non-Promoter Shareholding |
|
|
|
|
|
| |
Number of
Shares |
3405263 |
3430313 |
3405263 |
3430313 |
3410413 |
| |
Percentage
of Shareholding |
59.22 |
59.66 |
59.22
|
59.66 |
59.31 |
|
|
|
|
|
|
|
|
| |
|
| |
notes
- |
| 1) |
Previous
year's figures, wherever necessary
have been regrouped in order to conform
to this year's classification. |
| |
|
| 2) |
The Auditors of the Company
have conducted a limited review of the
results for the half year ended 30th
September 2001 |
| |
|
| 3) |
In view of the Accounting
Standard AS-22 "Accounting for
Taxes on Income" issued by Institute
of Chartered Accountants of India, which
has come into effect from 1st April,
2001, provision for tax for half year
ended 30th September, 2001 has been provided based on the profits for the
said period including deferred tax liability
of Rs.34 Lacs. Deferred tax liability relating to the previous years shall
be provided
at the end of the current financial
year by setting off against Company's
general reserves. |
| |
|
| 4) |
The above unaudited financial
results have been considered and taken
on record by the Board of Directors
at its meeting held on 31st October,
2001. |
| |
|
| |
MUMBAI, 31st
OCTOBER, 2001 |
| |
D. C. MEHTA |
| |
MANAGING DIRECTOR |
| |
|
|
