| Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
UNAUDITED
FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER AND NINE MONTHS ENDED
31ST DECEMBER, 2003
|
|
|
| Sr.No. |
Particulars |
Quarter
ended |
|
Year
ended |
| |
|
31-12-2003 |
31-12-2002 |
31-12-2003 |
31-12-2002 |
31-03-2003 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
|
|
|
|
|
|
|
|
1) |
Net
Sales |
7134.15 |
6826.71 |
20237.84 |
18473.96 |
24932.15 |
|
2) |
Other
Operating Income |
34.65 |
44.42 |
155.92 |
250.27 |
261.69 |
|
3) |
Other
Income |
386.61 |
23.75 |
567.26 |
190.72 |
227.70 |
|
4) |
Total
Expenditure |
6718.26 |
6099.29 |
18917.29 |
16566.68 |
22056.70 |
|
|
a. (Increase)/decrease
in stock in trade |
(271.65) |
(186.46) |
(309.58) |
(-311.02) |
(-838.69) |
|
|
b. Consumption
of raw materials |
4163.58 |
3963.99 |
12178.38 |
11298.96 |
15242.68 |
|
|
c. Staff
cost |
476.86 |
433.46 |
1379.41 |
1266.82 |
1759.95 |
|
|
d. Other
expenditure |
1806.17 |
1515.38 |
5049.92 |
4311.92 |
5892.76 |
|
5) |
Interest |
234.37 |
287.37 |
783.83 |
881.00 |
1118.02 |
|
6) |
Depreciation |
208.88 |
193.81 |
605.42 |
577.28 |
773.83 |
|
7) |
Profit
before Tax |
393.90 |
314.41 |
654.48 |
889.99 |
1472.99 |
|
8) |
Provision
for taxation |
|
|
|
|
|
|
|
a. Current
tax |
10.00 |
58.28 |
70.00 |
199.28 |
287.00 |
|
|
b. Deferred
tax |
-5.00 |
17.50 |
-16.00 |
38.50 |
15.25 |
|
9) |
Net
Profit |
388.90 |
238.63 |
600.48 |
652.21 |
1170.74 |
| 10) |
Paid up
Equity Share Capital |
|
|
|
|
|
| |
(Face Value
of Rs. 10/- each) |
575.00 |
575.00 |
575.00 |
575.00 |
575.00 |
|
11) |
Reserves
excluding revalution
reserve |
|
|
|
|
6030.26 |
|
12) |
EPS
for the period (not annualised),
|
|
|
|
|
|
| |
year to
date and for the previous year (Rs.) |
6.76 |
4.15 |
10.44 |
11.34 |
20.36 |
|
13) |
Aggregate
of Non-Promoter
Shareholding
|
|
|
|
|
|
|
|
a. Number
of Shares |
3229517 |
3289255 |
3229517 |
3289255 |
3289255 |
| |
b. Percentage
of Shareholding |
56.17 |
57.20 |
56.17 |
57.20 |
57.20 |
|
|
| |
| SEGMENT-WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED |
| (Rs.
in Lacs) |
| Sr.No. |
Particulars |
Quarter
ended |
Nine
months ended |
Year
ended |
| |
|
31-12-2003 |
31-12-2002 |
31-12-2003 |
31-12-2002 |
31-03-2003 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
1) |
Segment
Revenue : |
|
|
|
|
|
|
|
a) Inorganic
Intermidiates |
1955.93 |
1994.51 |
5853.04 |
5823.55 |
7681.05 |
|
|
b) Organic Intermediates |
3896.41 |
3285.01 |
10563.45 |
9072.83 |
12362.34 |
|
|
c) Fine &
Speciality Chemicals |
1319.04 |
1593.58 |
3992.71 |
3837.47 |
5161.06 |
|
|
Total |
7171.38 |
6873.10 |
20409.20 |
18733.85 |
25204.45 |
|
|
Less : Inter
Segment Revenue |
2.58 |
1.97 |
15.44 |
9.62 |
10.61 |
|
|
Net Sales/Income
from Operations |
7168.80 |
6871.13 |
20393.76 |
18724.23 |
25193.84 |
|
2) |
Segment
Results before Tax and Interest |
|
|
|
|
|
|
|
a) Inorganic
Intermediates |
351.52 |
383.34 |
1121.68 |
1220.38 |
1695.69 |
|
|
b) Organic Intermediates |
185.76 |
255.60 |
389.37 |
712.81 |
1113.59 |
|
|
c) Fine &
Speciality Chemicals |
72.08 |
216.17 |
356.81 |
486.10 |
687.71 |
|
|
Total |
609.36 |
855.11 |
1867.86 |
2419.29 |
3496.99 |
|
|
Less
: i ) Interest |
234.37 |
287.37 |
783.83 |
881.00 |
1118.02 |
|
|
ii) Other
un-allocable expenditure net
of un-allocable income |
-18.91 |
253.33 |
429.55 |
648.30 |
905.98 |
|
|
Total Profit
before Tax |
393.90 |
314.41 |
654.48 |
889.99 |
1472.99 |
|
3) |
Capital
Employed : |
|
|
|
|
|
|
|
a) Inorganic
Intermediates |
3624.56 |
3225.10 |
3624.56 |
3225.10 |
3538.92 |
|
|
b) Organic Intermediates |
10246.49 |
8346.16 |
10246.49 |
8346.16 |
9059.88 |
|
|
c) Fine &
Speciality Chemicals |
3581.30 |
3013.87 |
3581.30 |
3013.87 |
3099.78 |
|
|
d) Other Un-allocable |
1595.09 |
2620.03 |
1595.09 |
2620.03 |
2394.93 |
|
|
Total
: |
19047.44 |
17205.16 |
19047.44 |
17205.16 |
18093.51 |
|
|
| |
| 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 quarter and
nine months ended 31st December, 2003. |
| 3) |
Pressure on margins
coupled with a weak U.S. Dollar have adversely
impacted the profitability. |
| 4) |
Other
Income includes profit of Rs. 315 lacs on
divestment of the Company's holding in the
equity of Deepak Fertilisers & Petrochemicals
Corporation Ltd. |
| 5) |
There
were no investor complaints pending as at
the beginning of the quarter. The Company
has received fourteen complaints from the
investors during the quarter and all the complaints
were resolved during the quarter. There were
no complaints remaining unresolved at the
end of the quarter. |
| 6) |
The
above unaudited financial results have been
considered and taken on record by the Board
of Directors at its meeting held on 29th January,
2004. |
| |
| |
For
DEEPAK NITRITE LIMITED |
| |
MUMBAI,
29th JANUARY, 2004 |
| |
D.C.
MEHTA |
| |
MANAGING
DIRECTOR |
| |
|
| |
|
