Deepak Nitrite
Limited First Half Profit Up
|
| Deepak
Nitrite Ltd. has posted higher sales of
Rs. 116.47 crore first half of current year
ending September 2002 as compared to Rs.
105.97 crore for the corresponding period
of previous year. Profit before tax also
increased to Rs. 5.76 crore as compared
to Rs. 2.69 crore for the corresponding
period of previous year. Earning per share
has increased to Rs. 7.19 for half year
ending September 2002 from Rs. 3.89 for
the corresponding period of previous year.
The 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 &
HALF YEAR ENDED 30th SEPTEMBER,
2002 |
| |
| Sr.No. |
Particulars |
Quarter
ended |
|
Year
ended |
|
|
|
30-09-2002 |
30-09-2001 |
30-09-2002 |
30-09-2001 |
31-03-2002 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
|
|
|
|
|
|
|
|
1) |
Net
Sales |
5895.16 |
5552.50 |
11647.25 |
10597.22 |
21157.22 |
|
2) |
Other
Operating Income |
91.96 |
103.03 |
205.85 |
121.02 |
298.06 |
|
3) |
Other
Income |
122.65 |
124.47 |
166.97 |
181.72 |
303.13 |
|
4) |
Total
Expenditure |
5327.02 |
5062.54 |
10467.39 |
9666.69 |
18838.08 |
|
|
a. (Increase)/decrease
in stock in
trade |
(276.56) |
(89.30) |
(497.48) |
103.87 |
311.63 |
|
|
b. Consumption
of raw materials |
3670.75 |
3469.54 |
7334.97 |
6317.51 |
11898.00 |
|
|
c. Staff
cost |
425.30 |
408.74 |
833.36 |
802.56 |
1608.66 |
|
|
d. Other
expenditure |
1507.53 |
1273.56 |
2796.54 |
2442.75 |
5019.79 |
|
5) |
Interest |
286.30 |
317.51 |
593.63 |
600.65 |
1254.74 |
|
6) |
Depreciation |
188.78 |
181.52 |
383.47 |
363.66 |
733.32 |
|
7) |
Profit
before Tax |
307.67 |
218.43 |
575.58 |
268.96 |
932.27 |
|
8) |
Provision
for taxation |
|
|
|
|
|
|
|
a. Current
tax |
86.00 |
45.50 |
141.00 |
45.50 |
61.00 |
|
|
b. Deferred
tax |
9.00 |
-- |
21.00 |
-- |
87.23 |
|
9) |
Profit
after tax |
212.67 |
172.93 |
413.58 |
223.46 |
784.04 |
|
10) |
Add
(Less) : Prior Year’s
adjustment / Extraordinary items |
-- |
-- |
-- |
-- |
5.71 |
|
11) |
Net
Profit |
212.67 |
172.93 |
413.58 |
223.46 |
789.75 |
|
12) |
Paid up Equity Share Capital
(Face Value of Rs. 10/- each) |
575.00 |
575.00 |
575.00 |
575.00 |
575.00 |
|
|
|
13) |
Reserves
excluding revalution
reserve |
|
|
|
|
5232.98 |
|
14) |
EPS
for the period (not annualised),
for the year to date and for the previous
year. |
3.70 |
3.01 |
7.19 |
3.89 |
13.73 |
|
15) |
Aggregate
of Non-Promoter
Shareholding
|
|
|
|
|
|
|
|
Number
of Shares |
3289255 |
3405263 |
3289255 |
3405263 |
3298063 |
|
|
| |
notice
- |
| 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,
2002. |
| |
|
| 3) |
The above
unaudited financial results have been
considered and taken on record by the
Board of Directors at its meeting held
on 26th October, 2002. |
| |
|
|
SEGMENT-WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED |
| (Rs.
in Lacs) |
| Sr.No. |
Particulars |
Quarter
ended |
Half
year ended |
Year
Ended |
|
|
|
30-09-2002 |
30-09-2002 |
31-03-2002 |
|
|
|
(Unaudited) |
(Unaudited) |
(Audited) |
|
1) |
Segment
Revenue : |
|
|
|
|
|
a)
Inorganic Intermediates |
1948.42 |
3829.04 |
7309.17 |
|
|
b)
Organic Intermediates |
2835.99 |
5787.82 |
10115.67 |
|
|
c)
Fine & Speciality Chemicals |
1210.04 |
2243.89 |
4037.84 |
|
|
Total |
5994.45 |
11860.75 |
21462.68 |
|
|
Less:
Inter segment revenue |
7.33 |
7.65 |
7.40 |
|
|
Net
Sales/Income from operations |
5987.12 |
11853.10 |
21455.28 |
|
2) |
Segment
Results before tax & Interest: |
|
|
|
|
|
a)
Inorganic Intermedaites |
460.67 |
837.04 |
1111.82 |
|
|
b)
Organic Intermediates |
142.45 |
457.21 |
1346.87 |
|
|
c)
Fine & Speciality Chemicals |
169.29 |
269.93 |
396.14 |
|
|
Total |
772.41 |
1564.18 |
2854.83 |
|
|
Less:
i) Interest |
286.30 |
593.63 |
1254.74 |
|
|
ii)Other un-allocable expenditure
|
178.44 |
394.97 |
662.11 |
|
|
Net off un-allocable
Income |
|
|
|
|
|
Total
Profit Before Tax |
307.67 |
575.58 |
937.98 |
|
3) |
Capital
Employed : |
|
|
|
|
|
a)
Inorganic Intermedaites |
3308.40 |
3308.40 |
3519.42 |
|
|
b)
Organic Intermediates |
8235.81 |
8235.81 |
8206.40 |
|
|
c)
Fine & Speciality Chemicals |
2775.44 |
2775.44 |
2546.45 |
|
|
d)
Other unallocable |
2569.04 |
2569.04 |
2151.26 |
|
|
Total |
16888.69 |
16888.69 |
16423.53 |
|
|
|
| |
notes
- |
|
1) |
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. |
| |
|
| |
For DEEPAK NITRITE
LIMITED |
| |
MUMBAI, 26th
OCTOBER, 2002 |
| |
D.C. MEHTA |
| |
MANAGING DIRECTOR |
| |
|
|
