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Regd. Office: Venkatarayapuram,
TANUKU - 534 215 |
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Unaudited Financial Results (Provisional)
for the quarter ended 31st December, 2006 |
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(Rs.
in lakhs) |
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3 months |
3
months |
9 months |
9
months |
Year ended |
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Particulars |
ended |
ended |
ended |
ended |
31.03.2006 |
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31.12.2006 |
31.12.2005 |
31.12.2006 |
31.12.2005 |
(Audited) |
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1 |
Gross Sales |
7,424.18 |
5,641.71 |
21,410.50 |
15,973.67 |
22,579.33 |
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Less: Excise Duty collected |
1,054.05 |
807.69 |
3,028.74 |
2,288.45 |
3,227.08 |
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Net Sales |
6,370.13 |
4,834.02 |
18,381.76 |
13,685.22 |
19,352.25 |
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2 |
Other Income |
81.29 |
40.11 |
169.18 |
133.87 |
178.70 |
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3 |
Total Expenditure |
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a) (Increase)/Decrease in
stock-in-trade |
(60.51) |
(407.05) |
(33.39) |
(216.40) |
(111.92) |
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b) Consumption of Raw-materials |
3,521.96 |
3,922.04 |
10,948.71 |
9,585.88 |
13,973.69 |
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c) Staff Cost |
163.60 |
147.45 |
445.26 |
399.92 |
553.95 |
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d) Power & Fuel |
353.72 |
549.20 |
1,418.13 |
1,459.20 |
1,984.05 |
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e) Other Expenditure |
260.03 |
198.08 |
838.86 |
745.62 |
992.38 |
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4 |
Interest |
138.67 |
147.42 |
415.75 |
446.44 |
590.24 |
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5 |
Depreciation |
296.13 |
290.62 |
874.51 |
866.88 |
1,151.82 |
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6 |
Profit/(Loss) before Tax (1+2-3-4-5) |
1,777.82 |
26.37 |
3,643.11 |
531.55 |
396.74 |
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7 |
Provision for Taxation |
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Current Tax (MAT) |
199.00 |
3.00 |
409.00 |
45.00 |
34.00 |
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Deferred Tax Liability |
598.41 |
8.53 |
1,226.27 |
177.96 |
133.54 |
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Fringe Benefit Tax |
0.57 |
1.02 |
2.15 |
2.85 |
3.77 |
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8 |
Net Profit/(Loss) (6-7) |
979.84 |
13.82 |
2,005.69 |
305.74 |
225.43 |
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9 |
Income Tax paid for earlier years |
0.30 |
- |
0.30 |
- |
- |
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10 |
Net Profit/(Loss) (8-9) |
979.54 |
13.82 |
2,005.39 |
305.74 |
225.43 |
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11 |
Paid-up Equity Share Capital |
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(Rs.10/- per share) |
8,497.16 |
8,497.16 |
8,497.16 |
8,497.16 |
8,497.16 |
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12 |
Reserves excluding Revaluation
Reserves |
- |
- |
- |
- |
436.00 |
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13 |
Basic and Diluted Earning per share (Rs.) |
1.15 |
0.02 |
2.36 |
0.36 |
0.27 |
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14 |
Aggregate of non-promoter
shareholding: |
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No. of Shares |
54702475 |
54702475 |
54702475 |
54702475 |
54702475 |
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Percentage |
64.38% |
64.38% |
64.38% |
64.38% |
64.38% |
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Notes: |
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1 |
The increase in
Profit is on account of higher sales realisation
and saving in cost of power due to installation of UPS System. The saving is
perennial in nature. |
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2 |
The above
results were reviewed by the Audit Committee and taken on record by the Board
of Directors at its Meeting held on 20th January, 2007. |
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3 |
Segmental
reporting as per AS-17 issued by the ICAI is not applicable, as the Company
is engaged in manufacture of a single line of product. |
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4 |
None of the assets qualify for
impairment in accordance with Accounting Standard - 28 of ICAI. |
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5 |
As the Input
Tax Credit on Naphtha, a basic raw-material, was
withdrawn by the Government of Andhra Pradesh with retrospective effect from
1.4.2005, the Company has filed a writ petition in the |
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6 |
During the
quarter, Company received 6 investor complaints which have been disposed off
and there is no complaint at the end of the quarter. |
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7 |
Figures of previous periods have been regrouped/rearranged wherever necessary. |
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Place: |
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Dr. MULLAPUDI HARISCHANDRA PRASAD |
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Date: 20th January, 2007 |
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Managing Director |
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