Inspite of lackluster 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 previous year, an increase of 75 per
cent. Earning per share has increased to
Rs.7.04 for the nine-month period ending
December, 2001 from 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.
UNAUDITED
FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31st DECEMBER,
2001
(Rs. in
Lacs)
Sr.No.
Particulars
Quarter
ended
Nine
months ended
Year
Ended
31-12-2001
31-12-2000
31-12-2001
31-12-2000
31-03-2001
(Audited)
1.
Net Sales
4,978.00
5,077.81
15,575.22
14,412.05
20,017.90
2.
Other
Operating Income
72.83
58.60
193.85
68.87
159.64
3.
Other
Income
21.99
57.73
203.71
237.32
1,023.81
4.
Total
Expenditure
4,335.43
4,706.85
14,002.12
13,093.40
18,288.34
a.
(Increase)/Decrease in stock in
trade
(2.86)
(160.73)
101.01
(535.13)
(487.58)
b. Consumption of raw materials
2,724.56
3,207.50
9,042.07
8,702.34
12,215.58
c. Staff cost
413.80
397.18
1,216.36
1,159.18
1,533.53
d. Other expenditure
1,199.93
1,262.90
3,642.68
3,767.01
5,026.81
5.
Interest
321.96
294.15
922.61
825.00
1,105.37
6.
Depreciation
184.34
176.15
548.00
514.28
702.30
7.
Profit
before Tax
231.09
16.99
500.05
285.56
1,105.34
8.
Provision
for taxation
49.50
--
95.00
--
90.00
9.
Profit
after Tax
181.59
16.99
405.05
285.56
1,015.34
10.
Add (Less) : Prior Year’s adjustment
--
--
--
--
7.79
11.
Net Profit
181.59
16.99
405.05
285.56
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 revaluation
reserve
6,430.92
14.
EPS for
the period (notannualised),
for the year to date and for the
previous year.
3.16
0.30
7.04
4.97
17.79
15.
Aggregate of Non-Promoter
Shareholding Number
of Shares
3398063
3430313
3398063
3430313
3410413
Percentage of Shareholding
59.10
59.66
59.10
59.66
59.31
notice
-
1)
Previous
year’s figures, wherever necessary,
have been regrouped in order to conform
to this year’s classification.
2)
In
view of the Accounting Standard AS-22
“Accounting for Taxes on Income” issued
by the Institute of Chartered Accountants
of India, which has come into effect
from 1st April, 2001, provision for
tax for nine months ended December,
2001 has been provided based on the
profits for the said period including
deferred tax liability of Rs.71
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.
3)
The
above unaudited financial results
have been considered and taken on
record by the Board of Directors at
its meeting held on 22nd January,
2002.
SEGMENT-WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER ENDED 31st
DECEMBER, 2001
3
Months ended
31-12-2001 (Unaudited)
9
Months ended
31-12-2001 (Unaudited)
1)
Segment
Revenue:
a) Inorganic Intermediates
1,857.46
5,467.90
b) Organic Intermediates
2,466.04
7,696.31
c) Fine & Speciality Chemicals
914.78
2,798.48
Total
5,238.28
15,962.69
Less: Inter
segment revenue
187.45
193.62
Net Sales/Income from operations
5050.83
15,769.07
2)
Segment Results before tax
& interest:
a) Inorganic Intermediates
370.35
731.43
b) Organic Intermediates
306.51
969.12
c) Fine & Speciality Chemicals
103.57
243.08
Total
780.43
1,943.63
Less: i)Interest
321.96
922.61
ii)Other un-allocable
expenditure net off
un-allocable Income
227.38
520.97
Total Profit Before Tax
231.09
500.05
3)
Capital
Employed:
a) Inorganic Intermediates
3,535.02
3,535.02
b) Organic Intermediates
7,882.23
7,882.23
c) Fine & Speciality Chemicals
2,211.64
2,211.64
d) Unallocable
2,188.70
2,188.70
Total
15,817.59
15,817.59
notes
-
1)
Segments
have been identified in line with
the Accounting Standards on Segment
Reporting (AS-17), taking into account
the organisation structure as well
as the differential risks and returns
of these segments.
2)
Segment
Revenue, Results and Capital Employed
figures 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 to the individual
segments as well as expenses incurred
at a corporate level which relate
to the Company as a whole.
3)
The above
unaudited financial results have been
considered and taken on record by
the Board of Directors at its meeting
held on 22nd January, 2002.
