|
 Financial
Results :
Unaudited Financial Results (Provisional) For The Quarter Ended 30th Sept., 2009 |
| (Rs. In lacs) |
| Sl. No. |
Particulars |
Quarter
ended 30/09/09 (Unaudited) |
Quarter ended 30/09/08 (Unaudited) |
Half Year ended 30/09/09 (Unaudited) |
Half Year ended 30/09/08 (Unaudited) |
Previous Accounting
year ended 31/03/09 (Audited) |
| 1 |
a) |
Net Sales/Income from Operations |
31585.81 |
24770.81 |
57596.69 |
56713.19 |
117355.79 |
|
|
b) |
Other Operating Income |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| 2 |
|
Expenditure |
|
|
|
|
|
|
|
a) |
(Increase)/decrease in stock in trade and work in progress |
3836.47 |
373.48 |
85.39 |
2028.55 |
923.57 |
|
|
b) |
Consumption of materials |
19991.39 |
21542.59 |
41969.32 |
44162.47 |
83371.42 |
|
|
c) |
Purchase of traded goods |
4513.03 |
1048.59 |
8431.64 |
5230.35 |
25459.77 |
|
|
d) |
Employees Cost |
129.74 |
62.46 |
190.88 |
130.03 |
349.61 |
|
|
e) |
Depreciation |
561.55 |
508.70 |
1100.60 |
974.96 |
2075.77 |
|
|
f) |
Other Expenditure |
1813.97 |
1634.07 |
3508.05 |
3178.75 |
6031.38 |
|
|
g) |
Provision for Premium on FCCB |
196.17 |
454.70 |
481.83 |
832.09 |
1132.17 |
|
|
h) |
Total |
31042.32 |
25624.59 |
55767.71 |
56537.20 |
119343.69 |
| 3 |
|
Profit from Operations before Other Income, Interest and Exceptional Items (1-2) |
543.49 |
-853.78 |
1828.98 |
175.99 |
-1987.90 |
| 4 |
|
Other Income |
0.00 |
0.00 |
0.00 |
0.00 |
23.05 |
| 5 |
|
Profit before Interest and Exceptional Items (3+4) |
543.49 |
-853.78 |
1828.98 |
175.99 |
-1964.85 |
| 6 |
|
Interest |
-24.34 |
25.39 |
44.19 |
57.53 |
-430.09 |
| 7 |
|
Profit after Interest but before Exceptional Items (5-6) |
567.83 |
-879.17 |
1784.79 |
118.46 |
-1534.76 |
| 8 |
|
Exceptional Income |
0.00 |
0.00 |
|
0.00 |
|
| 9 |
|
Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) |
567.83 |
-879.17 |
1784.79 |
118.46 |
-1534.76 |
| 10 |
|
Tax Expense |
71.40 |
6.95 |
261.40 |
229.50 |
224.39 |
| 11 |
|
Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) |
496.43 |
-886.12 |
1523.39 |
-111.04 |
-1759.15 |
| 12 |
|
Extraordinary Items Net of Tax Expense |
309.61 |
0.00 |
309.61 |
0.00 |
565.44 |
| 13 |
|
Net Profit(+)/ Loss(-) for the period (11-12) |
806.04 |
-886.12 |
1833.00 |
-111.04 |
-1193.71 |
| 14 |
a) |
Paid-up equity share Capital (Face Value of the share- Rs.1/-) |
2029.83 |
2029.83 |
2029.83 |
2029.83 |
2029.83 |
|
|
b) |
Paid-up preference share capital ( Face Value of the Share- Rs.100/-) |
5460.61 |
5460.61 |
5460.61 |
5460.61 |
5460.61 |
| 15 |
|
Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year (Audited 31st March, 2009) |
0.00 |
0.00 |
0.00 |
0.00 |
10102.69 |
| 16 |
|
Earnings Per Share (EPS) |
|
|
|
|
|
|
|
(a) |
Basic and diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not annualized) |
|
|
|
|
|
|
|
i) |
-Basic EPS for the period (Rs.) |
0.24 |
-0.44 |
0.75 |
-0.05 |
-0.87 |
|
|
ii) |
-Diluted EPS for the period (Rs.) |
0.22 |
-0.36 |
0.67 |
-0.05 |
-0.76 |
|
|
(b) |
Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not annualised) |
|
|
|
|
|
|
|
i) |
Basic EPS for the period (Rs.) |
0.40 |
-0.44 |
0.90 |
-0.05 |
-0.59 |
|
|
ii) |
Diluted EPS for the period (Rs.) |
0.36 |
-0.36 |
0.81 |
-0.05 |
-0.52 |
| 17 |
|
Public Shareholding |
|
|
|
|
|
|
|
|
- Number of Shares |
93658670 |
80480752 |
93658670 |
80480752 |
80480752 |
|
|
|
-Percentage of shareholding |
46.14 |
39.65 |
46.14 |
39.65 |
39.65 |
| 18 |
|
Promoters and Promoter Group Shareholding |
|
|
|
|
|
|
|
(a) |
Pledged/Encumbered |
|
NA |
|
NA |
|
|
|
|
-Number of Shares |
5000000 |
NA |
5000000 |
NA |
5000000 |
|
|
|
-Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
4.57 |
NA |
4.57 |
NA |
4.08 |
|
|
|
-Percentage of Shares (as a % of the total share capital of the company) |
2.46 |
NA |
2.46 |
NA |
2.46 |
|
|
(b) |
Non-encumbered |
|
|
|
|
|
|
|
|
-Number of Shares |
104324130 |
NA |
104324130 |
NA |
117502048 |
|
|
|
-Percentage of Shares (as a % of the total shareholding of promoter and promoter group) |
95.43 |
NA |
95.43 |
NA |
95.92 |
|
|
|
-Percentage of Shares (as a % of the total share capital of the company) |
51.40 |
NA |
51.40 |
NA |
57.89 |
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
|
| (Rs. In lacs) |
| 1 |
|
Segment Revenue (including other income allocable to segments) |
|
|
a) |
Oils |
30381.58 |
24088.01 |
55479.08 |
55325.83 |
114176.38 |
|
|
b) |
Infrastructure |
863.38 |
939.71 |
1713.51 |
1296.10 |
2902.48 |
|
|
c) |
Others |
340.85 |
-256.91 |
404.10 |
91.26 |
276.93 |
|
|
|
Total |
31585.81 |
24770.81 |
57596.69 |
56713.19 |
117355.79 |
|
|
|
Less: Inter Segment Revenue |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
|
|
Net sales/Income From Operations |
31585.81 |
24770.81 |
57596.69 |
56713.19 |
117355.79 |
| 2 |
|
Segment Results (Profit)(+)/loss(-) before tax and interest from each segment |
|
|
a) |
Oils |
626.90 |
-673.95 |
1814.20 |
482.51 |
-1681.91 |
|
|
b) |
Infrastructure |
188.34 |
349.05 |
569.33 |
515.47 |
901.15 |
|
|
c) |
Others |
101.25 |
-528.88 |
-181.55 |
-821.99 |
-618.65 |
|
|
|
Total |
916.49 |
-853.78 |
2201.98 |
175.99 |
-1399.41 |
|
|
|
Less: (i) Interest |
-24.34 |
25.39 |
44.19 |
57.53 |
-430.09 |
|
|
|
(ii) Other un-allocable expenditure net off un-allocable income |
|
|
|
|
|
|
|
|
(ii) Un-allocable Income |
|
|
|
|
|
|
|
|
Total Profit Before Tax |
940.83 |
-879.17 |
2157.79 |
118.46 |
-969.32 |
| 3 |
|
Capital Employed |
|
|
|
|
|
|
|
a) |
Oils |
4268.94 |
4345.81 |
4268.94 |
4345.81 |
2285.49 |
|
|
b) |
Infrastructure |
9110.77 |
9365.87 |
9110.77 |
9365.87 |
8787.14 |
|
|
c) |
Others |
6086.42 |
3493.02 |
6086.42 |
3493.02 |
6560.51 |
|
|
|
Total |
19466.13 |
17204.70 |
19466.13 |
17204.70 |
17633.14 |
|
|
|
|
|
|
|
|
|
| Note: |
| 1. |
The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 30th October, 2009. The results are subject to review by the Statutory Auditors.
|
| 2. |
Pursuant to the Notification dated 31.03.2009 issued by the Ministry of Corporate Affairs, the Company has exercised the option available under the new inserted paragraph 46 to the accounting standard AS 11. The Net Foreign Exchange gain amounting to Rs.432.19 lacs will be adjusted to the cost of capital assets of the end of the financial year |
| 3. |
During the quarter, the Company has bought back FCCBs aggregating USD 4 Million (out of outstanding FCCBs of USD 25 Million) at a discount and accordingly the premium provided in the earlier years in relation to the said FCCBs has been written back and shown under Extraordinary Income. |
| 4. |
The FCCB Committee of the Board of directors of the Company at its meeting held on Friday, the 23rd October, 2009 has issued and allotted 6,77,142 Equity Shares of Re.1/- each on conversion of 3 FCCBs of USD 200,000 each, in accordance with the terms and conditions of the Offering Circular.Post this allotment , the paid up equity share capital of the company is Rs. 203659942. |
| 5. |
The Company did not have any investor complaints pending at the beginning of the quarter and no complaints were received during the quarter ended 30th September, 2009. |
| 6. |
Previous Year's figures have been regrouped wherever necessary. |
| |
| |
|
Place: Mumbai
Dated: 30th October, 2009 |
For & On behalf of the Board of Directors
sd/-
Director |
|
|
|
|
