Deepak Nitrite
Limited Turnover Increases
By 24 Per Cent
|
| DNL
has posted higher sales of Rs. 71 crore during
the first quarter ending June 30, 2003 as
compared to Rs. 58 crore for the corresponding
period of the previous year. However, Profit
after tax has decreased to Rs. 0.46 crore
as compared to Rs. 2 crore for the corresponding
period of the previous year. Pressures on
margins in the Organic Intermediate Segment
have adversely impacted the profitability
of the company for the quarter.
The company’s effort to develop new
value added products has resulted in an
increase in exports to Rs. 29 crore from
Rs. 14 crore in the corresponding period
of the pervious year, an increase of 107%.
|
| Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
UNAUDITED
FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED 30th JUNE,
2003
|
| |
| Sr. No. |
Particulars |
Quarter Ended |
Quarter Ended |
Year Ended
|
| |
|
30-06-2003 |
30-06-2002 |
31-03-2003 |
| |
|
(Unaudited) |
(Unaudited) |
(Audited) |
| 1
|
Segment Revenue:
|
|
|
a) Inorganic Intermediates
|
209.99 |
188.06 |
768.10 |
|
|
b) Organic Intermediates
|
362.74 |
295.14 |
1236.23 |
|
|
C)Fine & Speciality
Chemicals |
146.97 |
103.38 |
516.11 |
|
|
Total: |
719.69 |
586.63 |
2520.44 |
|
|
Less
Inter Segment Revenue |
0.58 |
00.03 |
1.06 |
| |
Net Sales /Income
from Operations |
719.11
|
586.60
|
2519.38
|
| 2 |
Segment
Results before tax and interest: |
| |
a) Inorganic Intermediates
|
42.42 |
37.64 |
169.57 |
| |
b) Organic Intermediates
|
2.99 |
31.48 |
111.35 |
| |
c)Fine & Speciality
Chemicals |
14.81 |
10.06 |
68.77 |
| |
Total: |
60.22 |
79.18 |
349.70 |
| |
Less i)Interest |
28.99 |
30.73 |
111.80 |
| |
ii) Other un-allocable
expanditure net off un-allocable income
|
25.61 |
21.65 |
90.60 |
| |
Total profit before
tax |
5.61
|
26.79
|
147.30
|
| 3
|
Capital Employeed |
| |
a) Inorganic Intermediates
|
325.98 |
328.52 |
353.89 |
| |
b) Organic Intermediates
|
977.73 |
798.71 |
905.99 |
| |
C) Fine & Speciality
Chemicals |
350.68 |
274.35 |
309.98 |
| |
d) Other Un-allocable
|
253.73 |
229.57 |
239.49 |
| |
Total: |
1908.13
|
1631.15 |
1809.35
|
|
|
| |
notes
- |
|
1) |
Previous
year’s figures, wherever necessary,
have been regrouped in order to conform
to this year’s classification. |
|
|
|
|
2) |
The results
of this quarter hav been adversely
impacted due to pressure on the realisation
in the organic intermediate segment. |
| |
|
| 3) |
There were no investor complaints pending
as at the beginning of the quarter.
The Company has received nine complaints
from the investors during the quarter
and all the complaints were disposed
off during the quarter. There were no
complaints lying unresolved at the end
of the quarter. |
| |
|
| 4) |
The
Auditors of the Company have conducted
a limited review of the results for
the quarter
ended 30th June,2003. |
| |
|
| 5)
|
The
above audited financial results have
been considered and taken on record
by the Board of Directors at its
meeting held on 31th June, 2003. |
| |
|
| |
|
| |
For DEEPAK NITRITE
LIMITED |
| |
MUMBAI, 31st
JULY, 2003 |
| |
D.C. MEHTA |
| |
MANAGING DIRECTOR |
|
|
