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Regd. Office:
Venkatarayapuram, TANUKU - 534 215 |
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Unaudited Financial
Results (Provisional) for the quarter ended 30th September, 2006 |
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(Rs. in lakhs) |
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3 months |
3 months |
6 months |
6 months |
Year ended |
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Particulars |
ended |
ended |
ended |
ended |
31.03.2006 |
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30.09.2006 |
30.09.2005 |
30.09.2006 |
30.09.2005 |
(Audited) |
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1 |
Gross Sales |
8,271.82 |
5,232.95 |
13,986.32 |
10,331.96 |
22,579.33 |
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Less: Excise Duty collected |
1,164.75 |
749.97 |
1,974.69 |
1,480.76 |
3,227.08 |
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Net Sales |
7,107.07 |
4,482.98 |
12,011.63 |
8,851.20 |
19,352.25 |
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2 |
Other Income |
49.34 |
44.45 |
87.89 |
93.76 |
178.70 |
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3 |
Total Expenditure |
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a) (Increase)/Decrease in stock-in-trade |
135.73 |
290.67 |
27.12 |
190.65 |
(111.92) |
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b) Consumption of Raw-materials |
4,078.40 |
2,743.68 |
7,426.75 |
5,663.84 |
13,973.69 |
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c) Staff Cost |
149.42 |
119.24 |
281.66 |
252.47 |
553.95 |
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d) Power & Fuel |
563.03 |
482.12 |
1,064.41 |
910.00 |
1,984.05 |
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e) Other Expenditure |
223.74 |
238.97 |
578.83 |
547.54 |
992.38 |
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4 |
Interest |
137.25 |
144.27 |
277.08 |
299.02 |
590.24 |
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5 |
Depreciation |
290.92 |
289.77 |
578.38 |
576.26 |
1,151.82 |
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6 |
Profit/(Loss) before Tax (1+2-3-4-5) |
1,577.92 |
218.71 |
1,865.29 |
505.18 |
396.74 |
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7 |
Provision for Taxation |
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Current Tax (MAT) |
177.00 |
17.00 |
210.00 |
42.00 |
34.00 |
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Deferred Tax Liability |
531.13 |
73.20 |
627.86 |
169.43 |
133.54 |
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Fringe Benefit Tax |
0.71 |
1.25 |
1.58 |
1.83 |
3.77 |
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8 |
Net Profit/(Loss) (6-7) |
869.08 |
127.26 |
1,025.85 |
291.92 |
225.43 |
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9 |
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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10 |
Reserves excluding Revaluation Reserves |
- |
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436.00 |
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11 |
Basic and Diluted Earning per share (Rs.) |
1.02 |
0.15 |
1.21 |
0.34 |
0.27 |
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12 |
Aggregate of non-promoter shareholding: |
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No. of Shares |
54702475 |
54701675 |
54702475 |
54701675 |
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 |
As the Input Tax Credit on Naphtha, a basic
raw-material, was withdrawn by the Government of Andhra Pradesh with effect
from 1.4.2005, the Company has filed a writ petition in the A.P.High Court,
that Naphtha is not used as fuel but as raw material. A credit of Rs.299.61 lakhs has therefore
been taken for the half-year ended 30.9.2006, Rs.225.06 lakhs for the half-year ended 30.09.2005
and Rs.504.16 lakhs for the year ended 2005-06 and Rs.160.23 lakhs for quarter ended 30.9.2006, Rs.122.66 lakhs
for quarter ended 30.9.2005. |
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2 |
Higher production and increase in sale prices improved profits
during the quarter. |
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3 |
The above results were reviewed by the
Audit Committee and taken on record by the Board of Directors at its Meeting
held on 23rd October, 2006. |
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4 |
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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5 |
During the quarter, Company received 10
investor complaints which have been disposed off and there is no complaint at
the end of the quarter. |
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6 |
None of the assets qualify for impairment in accordance with
Accounting Standard - 28 of ICAI. |
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7 |
Figures of previous periods have been regrouped/rearranged
wherever necessary. |
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Place: Hyderabad |
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Dr. MULLAPUDI
HARISCHANDRA PRASAD |
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Date: 23rd October, 2006 |
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Managing Director |
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