Deepak Nitrite
Limited Profit Up
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|
Deepak Nitrite Limited (DNL) has posted
higher sales of Rs. 185 crore for nine month
period ending December 31, 2002 as compared
to Rs. 156 crore for the corresponding period
of previous year. Profit before tax stood
at Rs. 8.90 crore as compared to Rs. 5.00
crore for the corresponding period of pervious
year. Earning per share has increased to
Rs. 11.34 for the nine-month period ending
December 2002 from Rs. 7.04 for the corresponding
period of previous year.
While chemical industry was under pressure
due to downturn in economic situation, company’s
effort to develop new value added products
for exports has helped to improve the bottom
line. Improved performance is being fuelled
mainly by exports, which has increased form
Rs. 42 crore to Rs. 56 crore for the same
period of previous year, an increase of
35 per cent.
The company continues to develop new value
added products to retain its competitive
edge.
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| Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
|
UNAUDITED FINANCIAL
RESULTS (PROVISIONAL) FOR THE
QUARTER AND NINE MONTHS ENDED 31ST DECEMBER,
2002
|
| |
| Sr.No. |
Particulars |
Quarter
ended |
Nine
months ended |
Year
ended |
|
|
|
31-12-2002 |
31-12-2001 |
31-12-2002 |
31-12-2001 |
31-03-2002 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
|
|
|
|
|
|
|
|
1) |
Net
Sales |
6826.71 |
4978.00 |
18473.96 |
15575.22 |
21157.22 |
|
2) |
Other
Operating Income |
44.42 |
72.83 |
250.27 |
193.85 |
298.06 |
|
3) |
Other
Income |
23.75 |
21.99 |
190.72 |
203.71 |
303.13 |
|
4) |
Total
Expenditure |
6099.29 |
4335.43 |
16566.68 |
14002.12 |
18838.08 |
|
|
a. (Increase)/decrease in stock
in trade |
186.46 |
(2.86) |
(311.02) |
101.01 |
311.63 |
|
|
b. Consumption
of raw
materials |
3963.99 |
2724.56 |
11298.96 |
9042.07 |
11898.00 |
|
|
c. Staff
cost |
433.46 |
413.80 |
1266.82 |
1216.36 |
1608.66 |
|
|
d. Other
expenditure |
1515.38 |
1199.93 |
4311.92 |
3642.68 |
5019.79 |
|
5) |
Interest |
287.37 |
321.96 |
881.00 |
922.61 |
1254.74 |
|
6) |
Depreciation |
193.81 |
184.34 |
577.28 |
548.00 |
733.32 |
|
7) |
Profit
before Tax |
314.41 |
231.09 |
889.99 |
500.05 |
932.27 |
|
8) |
Provision
for taxation |
|
|
|
|
|
|
|
a. Current
tax |
58.28 |
49.50 |
199.28 |
95.00 |
61.00 |
|
|
b. Deferred
tax |
17.50 |
-- |
38.50 |
-- |
87.23 |
|
9) |
Profit
after tax |
238.63 |
181.59 |
652.21 |
405.05 |
784.04 |
|
10) |
Add (Less): PriorYear’adjustment
/ Extraordinary items |
-- |
-- |
-- |
-- |
5.71 |
|
11) |
Net
Profit |
238.63 |
181.59 |
652.21 |
405.05 |
789.75 |
|
12) |
Paid
up Equity Share Capital |
575.00 |
575.00 |
575.00 |
575.00 |
575.00 |
|
|
(Face
Value of Rs. 10/- each) |
|
|
|
|
|
|
13) |
Reserves
excluding revalution
reserve |
|
|
|
|
5232.98 |
|
14) |
EPS for the period
(not annualised), for the year
to date and for the previous year
(Rs.) |
4.15 |
3.16 |
11.34 |
7.04 |
13.73 |
|
15) |
Aggregate
of Non-Promoter
Shareholding |
|
|
|
|
|
|
|
Number
of Shares |
3289255 |
3398063 |
3289255 |
3398063 |
3298063 |
|
|
Percentage
of Shareholding |
57.20 |
59.10 |
57.20 |
59.10 |
57.36 |
|
|
| |
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 |
Nine
months ended |
Year
ended |
|
|
|
31-12-2002 |
31-12-2001 |
31-12-2002 |
31-12-2001 |
31-03-2002 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
1) |
Segment Revenue : |
|
|
|
|
|
|
|
a) Inorganic Intermediates |
1994.51 |
1857.46 |
5823.55 |
5467.90 |
7309.17 |
|
|
b) Organic Intermediates |
3285.01 |
2466.04 |
9072.83 |
7696.31 |
10115.67 |
|
|
c) Fine & Speciality Chemicals |
1593.58 |
914.78 |
3837.47 |
2798.48 |
4037.84 |
|
|
Total |
6873.10 |
5238.28 |
18733.85 |
15962.69 |
21462.68 |
|
|
Less: Inter
segment revenue |
1.97 |
187.45 |
9.62 |
193.62 |
7.40 |
|
|
Net Sales/Income from
operations |
6871.13 |
5050.83 |
18724.23 |
15769.07 |
21455.28 |
|
2) |
Segment Results before tax
& Interest: |
|
|
|
|
|
|
|
a) Inorganic Intermedaites |
383.34 |
370.35 |
1220.38 |
731.43 |
1111.82 |
|
|
b) Organic Intermediates |
255.60 |
306.51 |
712.81 |
969.12 |
1346.87 |
|
|
c) Fine & Speciality
Chemicals |
216.17 |
103.57 |
486.10 |
243.08 |
396.14 |
|
|
Total |
855.11 |
780.43 |
2419.29 |
1943.63 |
2854.83 |
|
|
Less: i) Interest |
287.37 |
321.96 |
881.00 |
922.61 |
1254.74 |
|
|
ii) Other un-allocable
expenditure |
253.33 |
227.38 |
648.30 |
520.97 |
662.11 |
|
|
Net
off un-allocable Income |
|
|
|
|
|
|
|
Total Profit Before
Tax |
314.41 |
231.09 |
889.99 |
500.05 |
937.98 |
|
3) |
Capital Employed : |
|
|
|
|
|
|
|
a) Inorganic Intermedaites |
3225.10 |
3535.02 |
3225.10 |
3535.02 |
3519.42 |
|
|
b) Organic Intermediates |
8346.16 |
7882.23 |
8346.16 |
7882.23 |
8206.40 |
|
|
c) Fine & Speciality Chemicals |
3013.87 |
2211.64 |
3013.87 |
2211.64 |
2546.45 |
|
|
d) Other unallocable |
2620.03 |
2188.70 |
2620.03 |
2188.70 |
2151.26 |
|
|
Total |
17205.16 |
15817.59 |
17205.16 |
15817.59 |
16423.53 |
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notes
- |
|
1) |
Previous
year’s figures, wherever necessary,
have been regrouped in order to conform
to this year’s classification. |
| |
|
| 2) |
The above
unaudited financial results have been
considered and taken on record by the
Board of Directors at its meeting held
on 29th January, 2003. |
| |
|
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For DEEPAK NITRITE
LIMITED |
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MUMBAI, 29th
JANUARY, 2003 |
| |
D.C. MEHTA |
| |
MANAGING DIRECTOR |
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