|
Registered Office: 9/10,
Kunj Society, Alkapuri, Baroda-390007
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UNAUDITED
FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED 30th JUNE,
2004
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|
|
| Sr. No. |
Particulars
|
Quarter ended
|
Year ended
|
|
|
|
30-06-2004
|
30-06-2003
|
31-03-2004
|
| |
|
(Unaudited)
|
(Unaudited)
|
(Audited)
|
|
1.
|
Net Sales
|
6634.12
|
7109.49
|
27842.31
|
|
2.
|
Other Operating Income
|
63.38
|
81.63
|
326.69
|
|
3. |
Other Income
|
61.50
|
69.78
|
862.87
|
|
4.
|
Total Expenditure |
6171.41
|
6719.59
|
25775.64
|
|
|
a. (Increase)/Decrease
in stock in trade
|
(163.01)
|
(785.91)
|
(269.37)
|
|
|
b. Consumption
of raw materials
|
3804.39
|
3996.04
|
16726.38
|
|
|
c. Staff
cost
|
554.84
|
386.09
|
2195.17
|
|
|
d. Other
expenditure
|
1649.17 |
1551.55 |
6584.72 |
|
5.
|
Interest
|
229.76 |
289.95 |
1150.49 |
|
6.
|
Depreciation
|
297.19 |
195.26 |
1163.82 |
|
7.
|
Profit before Tax
|
60.64 |
56.10 |
941.92 |
|
8.
|
Provision for taxation
|
|
|
|
|
|
a. Current tax
|
3.82
|
12.30
|
103.59
|
|
|
b. Deferred tax
|
18.42
|
(2.40)
|
21.41
|
|
9.
|
Profit after Tax
|
38.40
|
46.20
|
816.92
|
|
10.
|
Add (Less) : Prior Year’s adjustment/
|
13.60
|
--
|
3.94
|
| Extraordinary
Items |
|
|
|
|
11.
|
Net Profit
|
52.00
|
46.20
|
812.98
|
|
12.
|
Paid up
Equity Share Capital
(Face Value of Rs.10/-each)
|
598.21
|
575.00
|
598.21
|
|
13.
|
Reserves excluding revaluation reserve
|
|
|
6490.51
|
|
14.
|
Basic EPS not annualised( Rs.)
|
0.87
|
0.80
|
14.14
|
|
15. |
Diluted EPS not annualised( Rs.)
|
0.87 |
0.80 |
13.59
|
| 16. |
Aggregate
of Non-Promoter Shareholding |
|
|
|
|
|
Number of Shares
|
34,61,579
|
32,89,255
|
34,61,579
|
|
|
Percentage of Shareholding
|
57.87
|
57.20
|
57.87
|
|
|
| |
|
SEGMENT-WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED
|
| (Rs.
in Lacs) |
|
Sr.No.
|
Particulars
|
Quarter
ended
|
Year
ended
|
|
|
|
30-06-2004
|
30-06-2003 |
31-03-2004
|
|
|
|
(Unaudited)
|
(Unaudited) |
(Audited)
|
|
1
|
Segment Revenue :
|
|
|
|
|
|
a) Inorganic Intermediates
|
1622.26 |
1980.11 |
7317.42 |
|
|
b) Organic Intermediates
|
3815.90 |
3627.36 |
15236.84 |
|
|
c) Fine & Speciality Chemicals
|
1331.48 |
1589.44 |
5983.40 |
|
|
Total |
6769.64
|
7196.91 |
28537.66 |
|
|
Less : Inter
Segment Revenue
|
72.14
|
5.79 |
368.66
|
|
|
Net Sales / Income from
Operations
|
6697.50
|
7191.12 |
28169.00
|
|
2
|
Segment
Results before Tax and Interest
: |
|
|
|
|
|
a) Inorganic Intermediates
|
229.46
|
424.22 |
1316.43
|
|
|
b) Organic Intermediates
|
265.70 |
29.87 |
647.45 |
|
|
c) Fine & Speciality Chemcials
|
159.00 |
148.07 |
676.42 |
|
|
Total |
654.16
|
602.16 |
2640.30
|
|
|
Less : i)Interest
|
229.76
|
289.95 |
1150.49
|
|
|
ii)Other un-allocable
expenditure net of
un-allocable income
|
350.16
|
256.11 |
551.83
|
| Net
of un-allocable Income |
|
|
|
|
|
Total
Profit before Tax |
74.24
|
56.10 |
937.98
|
|
3
|
Capital Employed :
|
|
|
|
|
|
a) Inorganic Intermediates
|
2799.04
|
2859.64 |
3005.88
|
|
|
b) Organic Intermediates
|
11290.94 |
9777.26 |
10873.70 |
|
|
c) Fine & Speciality Chemicals
|
4292.97 |
3907.01 |
4185.05 |
|
|
d) Others – Un-allocable
|
1218.73 |
2537.35 |
1109.78 |
|
|
Total:
|
19601.68
|
19081.26 |
19174.41
|
| |
The
Segment Information has been
suitably regrouped wherever necessary
considering the nature of products. |
|
|
|
| |
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.
|
| 2) |
The Auditors
of the Company have conducted a limited
review of the results for the quarter
ended 30th June, 2004. |
| 3) |
The figures
of the first quarter of the current
year under review are of the merged
entity after the amalgamation of the
erstwhile Aryan Pesticides Ltd (APL)
with the Company, hence the current quarter
results are not comparable with the
corresponding quarter of the previous
year. |
| 4) |
Other Expenditure
for the quarter includes an adverse
impact on account of Exchange Currency
Fluctuation amounting to Rs.61 lacs. |
| 5) |
The Production
at Nitroaromatics plant at Nandesari
was affected due to a minor fire, its
impact being reflected in this quarter's
results. Normal production is expected
to be restored by mid August, 2004. |
| 6) |
There were
no investor complaints pending as at
the beginning of the quarter. The Company
has received seven complaints from
the investors during the quarter and
all seven complaints were resolved. |
| 7) |
The above
unaudited financial results were reviewed
by the Audit Committee and have been
considered and taken on record by the
Board of Directors at its meeting held
on 28th July,2004. |
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MUMBAI, 28th
JULY, 2004 |
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D.C. MEHTA |
| |
MANAGING DIRECTOR |
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