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Regd. Office: Venkatarayapuram,
TANUKU - 534 215 |
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Unaudited Financial Results
(Provisional) |
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for the Quarter ended 30th June,
2006 |
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(Rs. in
lakhs) |
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Quarter |
Quarter |
Year ended |
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Particulars |
ended |
ended |
31.03.2006 |
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30.06.2006 |
30.06.2005 |
(Audited) |
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1 |
Gross
Sales |
5,714.50 |
5,099.01 |
22,579.33 |
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Less:
Excise Duty collected |
809.94 |
730.79 |
3,227.08 |
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Net
Sales |
4,904.56 |
4,368.22 |
19,352.25 |
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2 |
Other
Income |
38.55 |
49.31 |
178.70 |
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3 |
Total
Expenditure |
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a)
(Increase)/Decrease in stock-in-trade |
(108.61) |
(100.02) |
(111.92) |
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b)
Consumption of Raw-materials |
3,348.35 |
2,920.16 |
13,973.69 |
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c) Staff
Cost |
132.24 |
133.23 |
553.95 |
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d) Power
& Fuel |
501.38 |
427.88 |
1,984.05 |
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e) Other
Expenditure |
355.09 |
308.57 |
992.38 |
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4 |
Interest |
139.83 |
154.75 |
590.24 |
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5 |
Depreciation |
287.46 |
286.49 |
1,151.82 |
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6 |
Profit/(Loss)
before Tax (1+2-3-4-5) |
287.37 |
286.47 |
396.74 |
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7 |
Provision
for Taxation |
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Current
Tax (MAT) |
33.00 |
25.00 |
34.00 |
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Deferred
Tax Liability/(Asset) |
96.73 |
96.23 |
133.54 |
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Fringe
Benefit Tax |
0.87 |
0.58 |
3.77 |
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8 |
Net
Profit/(Loss) (6-7) |
156.77 |
164.66 |
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 |
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10 |
Reserves
excluding Revaluation Reserves |
- |
- |
436.00 |
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11 |
Basic
and Diluted Earning per share (Rs.) |
0.18 |
0.19 |
0.27 |
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12 |
Aggregate
of non-promoter shareholding: |
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No. of Shares |
54702475 |
54701675 |
54702475 |
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Percentage |
64.38% |
64.38% |
64.38% |
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Notes: |
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1 |
As the Input Tax Credit on Naphtha, one of the
raw-materials, 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.139.38 lakhs has therefore
been taken for the quarter ended 30/06/2006, Rs.102.40 lakhs for the quarter
ended 30/06/2005 and Rs.504.16 lakhs for the year 2005-06. |
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2 |
The above results were reviewed and taken on record by
the Board of Directors at its Meeting held on 20th July, 2006. |
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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 |
Figures of previous periods have been
regrouped/rearranged wherever necessary. |
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5 |
During the quarter, Company received 14 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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Place:
Hyderabad |
Dr.
MULLAPUDI HARISCHANDRA PRASAD |
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Date:
20th July, 2006 |
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Managing
Director |
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