Investor Relations
|
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER YEAR ENDED 30TH
JUNE, 2001 |
| (Rs.Crores) |
|
|
UNAUDITED |
AUDITED |
|
|
Quarter Ended
30-6-2001 |
Quarter Ended
30-6-2000 |
Year Ended
31-3-2001 |
|
1. Net Sales/Income from Operations (Net of Excise
Duty) |
131.73 |
108.83 |
515.20 |
|
2. Other Income |
1.69 |
1.25 |
8.42 |
|
3. Total Income |
133.42 |
110.08 |
523.62 |
|
4. Total Expenditure |
121.91 |
106.13 |
468.78 |
|
a) (Increase) / Decrease in stock in trade |
(2.13) |
(4.42) |
(4.73) |
|
b) Consumption of raw materials |
32.84 |
27.76 |
130.22 |
|
c) Staff cost |
30.82 |
27.10 |
106.52 |
|
d) Overseas Business Expenses |
34.02 |
34.47 |
136.86 |
|
e) Other expenditure |
26.36 |
21.22 |
99.91 |
|
5. Interest |
0.40 |
0.66 |
3.00 |
|
6. Depreciation |
4.18 |
4.18 |
17.70 |
|
7. Profit / (Loss) before Tax |
6.93 |
(0.89) |
34.14 |
|
8. Provision for Taxation |
1.51 |
|
7.60
|
|
9. Net Profit / (Loss) after all Taxes |
5.42 |
(0.89) |
26.54 |
|
10.Paid-up Equity Share Capital |
18.38 |
18.38 |
18.38 |
|
11.Reserves excluding revaluation reserves |
|
|
157.48 |
|
12.Basic EPS (not annualised for the
quarter) |
2.95 |
(0.48) |
14.44 |
Notes:
-
The Company's revenues and profitability continue to improve.
In the April-June 2001 quarter, total income grew 21 % to Rs
133.42 crores and net profit was Rs 5.42 crores ( previous year's
quarter : loss Rs 0.89 crores).
-
A subsidiary was incorporated in Canada in May 2001.
- The
new Accounting Standard-AS 22 relating to "Accounting for
Taxes on Income", became effective 1st April 2001. In accordance
with this standard, the company has recorded the cumulative
net deferred tax credit of Rs 2.06 crores until 1st April 2001,
as an addition to the general reserves. Provision for taxation
includes deferred tax credit of Rs 0.80 crores for the quarter
ended 30th June 2001.
-
Figures for the previous period have been re-grouped wherever
necessary.
-
The above unaudited financial results have been taken on record
by the Board of Directors at the meeting held on 23rd July 2001.
For
and on behalf of the Board of Directors
Dr. Nirmal Jain
Managing Director
| Place:
Mumbai
|
| Date:
23rd July, 2001 |
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