|
AUDITED FINANCIAL RESULTS YEAR ENDED 31st MARCH 2008
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|
| Particulars |
(Rs. in Lacs) |
|
Quarter ended |
Year Ended |
Unaudited |
Unaudited |
Unaudited |
Audited |
Audited |
31.12.2007 |
31.03.2008 |
31.03.2007 |
31.03.2008 |
31.03.2007 |
| |
|
|
|
|
|
|
| 1 |
Net Income from Sales/Services |
26319.38 |
22036.50 |
32444.34 |
48355.88 |
50535.26 |
| 2 |
Cost of Sales/Services |
|
|
|
| |
Total Expenditure |
|
|
|
|
|
| |
a) (Increase) / decrease in stock in trade |
(359.35) |
(836.07) |
533.58 |
(1195.42) |
783.60 |
| |
b) Consumption of raw material |
20975.23 |
20258.10 |
30116.92 |
41233.33 |
42170.00 |
| |
c) Staff Cost |
457.41 |
199.32 |
130.73 |
656.73 |
510.79 |
| |
d) Excise Duty |
2332.72 |
998.61 |
672.27 |
3331.33 |
3039.78 |
| |
e) Other Expenditure |
1083.43 |
513.44 |
318.54 |
1596.87 |
1693.32 |
| 3 |
Gross Profit |
1829.94 |
903.10 |
672.30 |
2733.04 |
2337.77 |
| 4 |
General Administrative Expenses |
402.35 |
146.12 |
101.87 |
548.47 |
491.72 |
| 5 |
Selling and Distribution Expenses |
675.72 |
314.19 |
205.63 |
989.91 |
896.43 |
| 6 |
Operating Profit before Interest & Depreciation |
751.87 |
442.79 |
364.80 |
1194.66 |
949.62 |
| 7 |
Interest |
600.88 |
258.15 |
112.58 |
859.03 |
689.03 |
| 8 |
Depreciation |
191.29 |
73.76 |
64.48 |
265.05 |
261.44 |
| 9 |
Operating Profit/(Loss) after Interest & Depreciation (1-2-4-5-7-8) |
(40.30) |
110.88 |
187.74 |
70.58 |
(0.85) |
| 10 |
Other Income |
96.49 |
39.57 |
15.03 |
136.06 |
77.19 |
| 11 |
Profit/(Loss) before Tax |
56.19 |
150.45 |
202.77 |
206.64 |
76.34 |
| 12 |
Provision for Current Tax |
33.25 |
26.39 |
47.00 |
59.64 |
63.48 |
| 13 |
Deferred Tax Liability/(Asset) |
(14.33) |
26.13 |
23.33 |
11.80 |
(21.47) |
| 14 |
Fringe Benefit Tax |
5.00 |
2.91 |
4.55 |
7.91 |
8.00 |
| 15 |
Income tax related to previous years |
|
|
|
75.65 |
|
| 16 |
Net Profit / (Loss) (11-12-13-14) |
32.27 |
95.02 |
127.89 |
51.64 |
26.33 |
| 17 |
Paid-up equity share capital |
2936.97 |
2936.97 |
2936.96 |
2936.97 |
2936.96 |
| 18 |
Paid-up Preference Share Capital |
650.00 |
650.00 |
|
650.00 |
|
| 20 |
Reserves excluding revaluation reserves |
|
|
|
774.81 |
732.10 |
| 21 |
Earning Per Share (Not Annualised) |
|
|
|
|
|
| |
Basic Rupees |
0.11 |
0.32 |
0.54 |
0.18 |
0.11 |
| |
Diluted Rupees |
0.11 |
0.32 |
0.53 |
0.18 |
0.09 |
| 22 |
Aggregate of non promoters share holding: No.of Shares |
21795334 |
21205298 |
16874022 |
21205298 |
18282400 |
| |
Precentage of shareholding |
74.26% |
72.16% |
70.85% |
72.16% |
76.76% |
| |
|
|
|
|
|
|
Segment wise revenue, results and capital employed year ended 31st MARCH 2008 |
| |
|
|
|
|
|
(Rs. in Lacs) |
| 1 |
Segment revenue |
|
|
|
|
|
| |
a) Steel Business |
25544.82 |
20688.47 |
32459.37 |
46233.29 |
40244.44 |
| |
b)Oils |
0.00 |
828.78 |
0.00 |
828.78 |
9137.41 |
| |
c) Others |
871.05 |
558.82 |
0.00 |
1429.87 |
1230.60 |
| |
Total |
26415.87 |
22076.07 |
32459.37 |
48491.94 |
50612.45 |
| 2 |
Segment results (Profit (+)/ Loss (-) before Interest and Tax) |
|
|
|
|
| |
a) Steel Business |
650.80 |
397.71 |
315.35 |
796.73 |
(433.11) |
| |
b)Oils |
0.00 |
0.01 |
0.00 |
251.79 |
1086.44 |
| |
c) Others |
6.27 |
10.88 |
0.00 |
17.15 |
112.04 |
| |
Total |
657.07 |
408.60 |
315.35 |
1065.67 |
765.37 |
| |
Less-Interest |
600.88 |
258.15 |
112.58 |
859.03 |
689.03 |
| |
Profit(+)/Loss(-) before Tax |
56.19 |
150.45 |
202.77 |
206.64 |
76.34 |
| |
|
|
|
|
|
| |
|
|
|
|
|
|
| 3 |
Capital employed (Segment Assets Less Segment Liabilities) |
| |
a) Steel Business |
7715.13 |
7740.60 |
6324.04 |
7740.60 |
6333.55 |
| |
b) Oils |
1058.17 |
703.31 |
(7.65) |
703.31 |
1036.56 |
| |
c) Others |
358.86 |
62.34 |
0.05 |
62.34 |
33.81 |
| |
Total |
9132.16 |
8506.25 |
6316.44 |
8506.25 |
7403.92 |
| |
1. |
Previous year's figures have been re-grouped and re-arranged wherever necessary to make them comparable. |
2. |
The Audited Financial Results for the year ended 31st March, 2008 were taken on record at the Board meeting held on 28th June, 2008. |
3. |
There were no investor complaints pending at the beginning of the quarter and during the quarter Company has received 8 complaints which were disposed off. There were no complaints lying unresolved at the end of the quarter. |
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Dated: June 28, 2008. |
For & on behalf of the Board of Directors
EXECUTIVE DIRECTOR |
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