| DEEPAK NITRITE LIMITED |
| Registered
Office : 9/10, Kunj Society, Alkapuri, Baroda 390 007 |
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| UNAUDITED FINANCIAL RESULTS (PROVISIONAL)
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| FOR THE SECOND
QUARTER AND HALF YEAR ENDED 30TH
SEPTEMBER, 2005 |
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Rs. in lacs |
| Sr.No |
Particulars |
Quarter Ended |
Half Year Ended |
Year Ended |
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30-09-05 |
30-09-04 |
30-09-05 |
30-09-04 |
31-03-2005 |
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|
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
| 1 |
Net Sales |
7912.57 |
7127.64 |
16577.68 |
13761.76 |
32126.68 |
| 2 |
Other Operating
Income |
186.72 |
68.16 |
217.50 |
157.98 |
556.73 |
| 3 |
Other Income |
49.63 |
49.98 |
115.60 |
85.04 |
218.38 |
| 4 |
Total
Expenditure |
7189.59 |
6493.77 |
15040.54 |
12665.18 |
29502.51 |
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a.
(Increase)/Decrease in Stock in Trade |
315.06 |
(53.70) |
(365.45) |
109.31 |
328.34 |
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b. Consumption
of Raw Materials |
4713.03 |
4392.42 |
10838.65 |
8196.81 |
19992.49 |
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c. Staff Cost |
606.59 |
575.92 |
1178.25 |
1130.76 |
2497.89 |
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d. Other
Expenditure |
1554.91 |
1579.13 |
3389.09 |
3228.30 |
6683.79 |
| 5 |
Interest |
205.40 |
188.73 |
460.07 |
418.49 |
912.18 |
| 6 |
Depreciation |
284.04 |
298.90 |
565.27 |
596.09 |
999.68 |
| 7 |
Profit before
Tax |
469.89 |
264.38 |
844.90 |
325.02 |
1487.42 |
| 8 |
Provision for
taxation |
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a. Current tax |
105.95 |
21.66 |
192.48 |
25.48 |
103.40 |
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b. Deferred tax |
47.56 |
98.62 |
85.29 |
117.04 |
378.35 |
| 9 |
Profit after tax |
316.38 |
144.10 |
567.13 |
182.50 |
1005.67 |
| 10 |
Add (Less) :
Prior Year’s adjustment / |
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13.60 |
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Extraordinary items |
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| 11 |
Net Profit |
316.38 |
144.10 |
567.13 |
196.10 |
1005.67 |
| 12 |
Paid up Equity Share Capital |
598.21 |
598.21 |
598.21 |
598.21 |
598.21 |
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(Face Value of
Rs. 10/- each) |
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| 13 |
Reserves
excluding revalution reserve |
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7105.95 |
| 14 |
Basic EPS not annualised( Rs.) |
5.29 |
2.41 |
9.48 |
3.28 |
16.81 |
| 15 |
Diluted EPS not annualised( Rs.) |
5.29 |
2.41 |
9.48 |
3.28 |
16.81 |
| 16 |
Aggregate of
Non-Promoter Shareholding |
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Number of Shares |
3163879 |
3461579 |
3163879 |
3461579 |
3163879 |
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Percentage of
Shareholding |
52.89 |
57.87 |
52.89 |
57.87 |
52.89 |
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| SEGMENT-WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED |
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Rs. in lacs |
| Sr.No |
Particulars |
Quarter Ended |
Half Year Ended |
Year Ended |
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30-09-05 |
30-09-04 |
30-09-05 |
30-09-04 |
31-03-2005 |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
| 1 |
Segment Revenue
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a) Inorganic
Intermediates |
1663.73 |
1669.64 |
3277.14 |
3431.01 |
6878.65 |
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b) Organic
Intermediates |
5747.83 |
4039.03 |
11576.85 |
7731.10 |
19034.96 |
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c) Fine &
Speciality Chemicals |
692.72 |
1593.29 |
1960.30 |
2935.93 |
6942.07 |
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d) Others |
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84.67 |
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Total |
8104.28 |
7301.96 |
16814.29 |
14098.04 |
32940.35 |
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Less: Inter
segment revenue |
4.99 |
106.16 |
19.11 |
178.30 |
256.94 |
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Net Sales/Income
from operations |
8099.29 |
7195.80 |
16795.18 |
13919.74 |
32683.41 |
| 2 |
Segment Results
before tax & Interest: |
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a) Inorganic
Intermediates |
342.61 |
198.20 |
539.95 |
427.66 |
705.87 |
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b) Organic
Intermediates |
573.47 |
314.64 |
1446.60 |
580.34 |
1597.60 |
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c) Fine &
Speciality Chemicals |
76.11 |
170.91 |
(72.70) |
329.91 |
1185.54 |
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Total |
992.19 |
683.75 |
1913.85 |
1337.91 |
3489.01 |
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Less: I) Interest |
205.41 |
188.73 |
460.08 |
418.49 |
912.18 |
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ii) Other un-allocable expenditure |
316.89 |
230.64 |
608.87 |
580.80 |
1089.41 |
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Net of un-allocable Income |
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Total Profit
Before Tax |
469.89 |
264.38 |
844.90 |
338.62 |
1487.42 |
| 3 |
Capital Employed
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a) Inorganic
Intermediates |
2593.47 |
2787.29 |
2593.47 |
2787.29 |
3069.60 |
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b) Organic
Intermediates |
12775.43 |
10825.65 |
12775.43 |
10825.65 |
12789.35 |
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c) Fine &
Speciality Chemicals |
5152.27 |
4600.40 |
5152.27 |
4600.40 |
5716.64 |
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d) Other
unallocable |
1527.42 |
1359.94 |
1527.42 |
1359.94 |
1216.52 |
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Total |
22048.59 |
19573.28 |
22048.59 |
19573.28 |
22792.11 |
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The Segment Information has been suitably
regrouped wherever necessary considering the nature of products. |
| NOTES: |
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| 1) |
Previous
year's figures, wherever necessary, have been regrouped in order to conform
to this year's classificaiton. |
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| 2) |
The
Auditors of the Company have conducted a limited review of the results for
the quarter and half year ended |
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30th September,2005. |
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| 3) |
The
Company has paid VRS Compensation to the employees of SDC Division whcih is
being amortised over a |
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period of 36 months, accordingly a sum of Rs.
45 lacs is written off in the current quarter. |
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| 4) |
The
Company had received two complaints from investors during the quarter which
were resolved. No complaint |
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was pending at
the beginning or end of the quarter. |
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| 5) |
The
above unaudited financial results were reviewed by the Audit Committee
and have been considered and taken |
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on record by the Board of Directors at its
meeting held on 26th October, 2005 |
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For
DEEPAK NITRITE LIMITED |
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| MUMBAI, |
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D. C
.MEHTA |
| 26th October,
2005 |
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MANAGING
DIRECTOR |
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