| Registered
Office: 9/10, Kunj Society, Alkapuri, Baroda-390007 |
UNAUDITED
FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED 30th
SEPTEMBER, 2004
|
Deepak
Nitrite Ltd. has posted higher sales of Rs.138
crore for the first half of current year
ending September 2004 as compared to Rs.131
crore for the corresponding period of previous
year. Profit before tax also increased to
Rs.3.25 Crore as compared to Rs.2.60 crore
for the corresponding period of previous
year, an increase of 25%.
Net sales for the
quarter increased to Rs.71 crore from Rs.60
crore as compared to the corresponding quarter
of the previous year, an increase of 18%.
Profit Before Tax has increased to Rs. 2.64
crore from Rs. 2.04 crore, an increase of
29%.
PAT decreased marginally due to higher
differed tax provision.
The company’s
plan of commissioning gas based cogeneration
plant at Nandesari near Baroda in the last
quarter of current financial year is on
schedule. |
|
|
| Sr.No. |
Particulars |
Quarter
ended |
|
Year
ended |
| |
|
30-09-2004 |
30-09-2003 |
30-09-2004 |
30-09-2003 |
31-03-2004 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
|
|
|
|
|
|
|
|
1) |
Net
Sales |
7127.64 |
5994.21 |
13761.76 |
13103.7 |
27842.31 |
|
2) |
Other
Operating Income |
63.98 |
39.64 |
127.36 |
121.27 |
326.69 |
|
3) |
Other
Income |
54.16 |
110.87 |
115.66 |
180.65 |
862.87 |
|
4) |
Total
Expenditure |
6493.77 |
5479.45 |
12665.18 |
12199.04 |
25775.64 |
|
|
a. (Increase)/decrease
in stock in trade |
(53.70) |
(747.98) |
109.31 |
37.93 |
269.37 |
|
|
b. Consumption
of raw materials |
4392.42 |
4018.76 |
8196.81 |
8014.80 |
16726.38 |
|
|
c. Staff
cost |
575.92 |
516.46 |
1130.76 |
902.55 |
2195.17 |
|
|
d. Other
expenditure |
1579.13 |
1692.21 |
3228.30 |
3243.76 |
6584.72 |
|
5) |
Interest |
188.73 |
259.51 |
418.49 |
549.46 |
1150.49 |
|
6) |
Depreciation |
298.90 |
201.28 |
596.09 |
396.54 |
1163.82 |
|
7) |
Profit
before Tax |
264.38 |
204.48 |
325.02 |
260.58 |
941.92 |
|
8) |
Provision
for taxation |
|
|
|
|
|
|
|
a. Current
tax |
21.66 |
47.70 |
25.48 |
60.00 |
103.59 |
|
|
b. Deferred
tax |
98.62 |
(8.60) |
117.04 |
(11.00) |
21.41 |
|
9) |
Profit
after tax |
144.10 |
165.38 |
182.50 |
211.58 |
816.92 |
| 10) |
Add (Less):
Prior Year's Adjustment |
0.00 |
0.00 |
13.60 |
- |
(3.94) |
| |
Extraordinary
Items |
|
|
|
|
|
| 11) |
Net Profit |
144.10 |
165.38 |
196.10 |
211.58 |
812.98 |
| 12) |
Paid up
Equity Share Capital |
598.21 |
575.00 |
598.21 |
575.00 |
598.21 |
| |
(Face Value
of Rs. 10/- each) |
|
|
|
|
|
|
13) |
Reserves
excluding revalution
reserve |
|
|
|
|
6490.51 |
|
14) |
Basic
EPS not annualised (Rs.) |
2.41 |
2.88 |
3.28 |
3.68
|
14.14 |
| 15) |
Diluted
EPS not annualised
(Rs.) |
2.41 |
2.88 |
3.28 |
3.68 |
13.59 |
|
16) |
Aggregate
of Non-Promoter
Shareholding
|
|
|
|
|
|
|
|
Number
of Shares |
3461579 |
3288235 |
3461579 |
3288235 |
3461579 |
| |
Percentage
of Shareholding |
57.87 |
57.19 |
57.87 |
57.19 |
57.87 |
|
|
| |
| SEGMENT-WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED |
| (Rs.
in Lacs) |
| Sr.No. |
Particulars |
Quarter
ended |
Half
Year ended |
Year
ended |
| |
|
30-09-2004 |
30-09-2003 |
30-09-2004 |
30-09-2003 |
31-03-2004 |
|
|
|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
|
1) |
Segment
Revenue : |
|
|
|
|
|
|
|
a) Inorganic
Intermidiates |
1665.46 |
1797.10 |
3287.72 |
3777.21 |
7317.42 |
|
|
b) Organic Intermediates |
4039.03 |
3039.67 |
7854.93 |
6667.03 |
15236.84 |
|
|
c) Fine &
Speciality Chemicals |
1593.29 |
1204.14 |
2924.77 |
2793.58 |
5983.40 |
|
|
Total |
7297.78 |
6040.91 |
14067.42 |
13237.82 |
28537.66 |
|
|
Less : Inter
Segment Revenue |
106.16 |
7.06 |
178.30 |
12.85 |
368.66 |
|
|
Net Sales/Income
from Operations |
7191.62 |
6033.85 |
13889.12 |
13224.97 |
28169.00 |
|
2) |
Segment
Results before Tax and Interest |
|
|
|
|
|
|
|
a) Inorganic
Intermediates |
198.20 |
308.05 |
427.66 |
732.27 |
1316.43 |
|
|
b) Organic Intermediates |
314.64 |
173.73 |
580.34 |
203.61 |
647.45 |
|
|
c) Fine &
Speciality Chemicals |
170.91 |
174.56 |
329.91 |
322.62 |
676.42 |
|
|
Total |
683.75 |
656.34 |
1337.91 |
1258.50 |
2640.30 |
|
|
Less
: i ) Interest |
188.73 |
259.51 |
418.49 |
549.46 |
1150.49 |
|
|
ii) Other un-allocable expenditure
net of un-allocable income |
230.64 |
192.35 |
580.80 |
448.46 |
551.83 |
|
|
Total Profit
before Tax |
264.38 |
204.48 |
338.62 |
260.58 |
937.98 |
|
3) |
Capital
Employed : |
|
|
|
|
|
|
|
a) Inorganic
Intermediates |
2787.29 |
2894.55 |
2787.29 |
2894.55 |
3005.88 |
|
|
b) Organic Intermediates |
10825.65 |
9987.33 |
10825.65 |
9987.33 |
10873.70 |
|
|
c) Fine &
Speciality Chemicals |
4600.40 |
3714.28 |
4600.40 |
3714.28 |
4185.05 |
|
|
d) Other Un-allocable |
1359.94 |
2838.44 |
1359.94 |
2838.44 |
1109.78 |
|
|
Total
: |
19573.28 |
19434.60 |
19573.28 |
19434.60 |
19174.41 |
|
|
| The
Segment Information has been suitably regrouped
wherever necessary considering the nature
of products. |
| |
| 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 half
year ended 30th September,2004. |
| 3) |
The
figures of the period under review are of
the merged entity after the amalgamation
of the erstwhile Aryan Pesticides Ltd with
the Company, hence the results are not comparable
with the corresponding period of the previous
year. |
| 4) |
The
Company had received two complaints from
investors during the quarter which were resolved.
No complaint was pending at the beginning
or end of the quarter. |
| 5) |
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 26th October, 2004. |
| |
| |
For
DEEPAK NITRITE LIMITED |
| |
MUMBAI,
26th OCTOBER, 2004 |
| |
D.C.
MEHTA |
| |
MANAGING
DIRECTOR |
| |
|
| |
|
