Investor Relations
Unaudited
Financial Results for the Quarter and the Half year ended 30th
September 2001
| |
UNAUDITED
|
AUDITED |
|
|
Quarter Ended 30.9.2001 |
Quarter Ended 30.9.2000 |
Six
months Ended
30.9.2001 |
Six
months
Ended
30.9.2000 |
Year Ended 31.3.2001 |
| 1. |
Net
Sales/Income from operations |
126.16 |
133.76 |
257.89 |
242.59 |
515.20 |
| 2. |
Other
Income |
1.99 |
1.30 |
3.68 |
2.55 |
8.42 |
| 3. |
Total
Income |
128.15 |
135.06 |
261.57 |
245.14 |
523.62 |
| 4. |
Total
Expenditure |
118.43 |
121.51 |
240.34 |
227.64 |
468.78 |
| a)
|
(Increase)/Decrease in stock in trade |
13.41 |
5.48 |
11.28 |
1.06 |
(4.73) |
| b)
|
Consumption of raw materials |
20.14 |
30.76 |
52.98 |
58.52 |
130.22 |
| c)
|
Staff Cost |
31.17 |
26.91 |
61.99 |
54.01 |
106.52 |
| d)
|
Overseas Business expenses |
27.38 |
32.45 |
61.40 |
66.92 |
136.86 |
| e)
|
Other expenditure |
26.33 |
25.91 |
52.69 |
47.13 |
99.91 |
| 5. |
Interest |
0.35 |
0.79 |
0.75 |
1.45 |
3.00 |
| 6. |
Depreciation |
4.04 |
4.14 |
8.22 |
8.32 |
17.70 |
| 7. |
Profit
before Tax |
5.33 |
8.62 |
12.26 |
7.73 |
34.14 |
| 8. |
Provision
for Taxation (net) |
(0.63) |
2.16 |
0.88 |
2.16 |
7.60 |
| 9. |
Net
Profit After all Taxes |
5.96 |
6.46 |
11.38 |
5.57 |
26.54 |
| 10. |
Paid-up
Equity Share Capital |
18.38 |
18.38 |
18.38 |
18.38 |
18.38 |
| 11. |
Reserves
excluding revaluation reserves |
- |
- |
- |
- |
157.48 |
| 12. |
Basic
and Diluted EPS |
3.24 |
3.51 |
6.19 |
3.03 |
14.44 |
| 13. |
Aggregate
of non-promoter's share holding |
|
|
|
|
|
|
|
Number
of Shares |
4679555 |
N.A. |
4679555 |
N.A. |
N.A. |
|
|
%
of Shareholding |
25.46 |
N.A. |
25.46 |
N.A. |
N.A. |
NOTES :
-
During the
quarter under review, the Company's revenue and profitability
were impacted by a slow down in its business which is expected
to continue for the rest of the financial year.
In the quarter ended September 30, 2001, Total Income declined
by 5% to Rs. 128.15 crores and Net Profit declined by 8% to
Rs. 5.96 crores. For the half year ended September 30, 2001,
Net Profit doubled to Rs. 11.38 crores compared to Rs. 5.57
crores in the previous year's first half.
-
Other expenditure
includes provision for bad and doubtful debts of Rs. 3.34
crores (net) for the quarter ended September 30, 2001 (previous
year's quarter : Rs. 2.67 crores-net ), and Rs. 6.26 crores
(net) for the half-year ended September 30, 2001 (previous
year's first half : Rs. 3.38 crores - net).
-
In accordance
with the new Accounting Standard AS 22 relating to "Accounting
for Taxes on Income", the company has recorded a cumulative
net deferred tax credit of Rs. 1.60 crores until April 1,
2001 as an addition to general reserves. Since this standard
has become mandatory from April 1, 2001, figures for the previous
period have not been recast. Deferred tax credits for the
quarter and half-year ended September 30, 2001 amounted to
Rs. 1.06 crores and Rs. 1.86 crores respectively.
-
Provision
for taxation for the quarter and half-year ended September
30, 2001 is net of Rs. 2.75 crores and Rs. 4.20 crores respectively,
pertaining to overseas tax written back for prior years. The
comparable figures for overseas tax written back for the quarter
and half-year ended September 30, 2000 amounted to Rs. 0.79
crores and Rs. 1.56 crores respectively.
-
Figures for
the previous period have been re-grouped wherever necessary.
-
The above unaudited
results have been taken on record by the Board of Directors
at the meeting held on October 29, 2001.
Mumbai
October 29, 2001 |
For and on behalf
of the Board of Directors
Dr. Nirmal Jain
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