Audited financial results for the year ended 31st March, 2006
Sl. No.  
Quarter ended
31st Mar 2006
(Audited)
Quarter ended
31st Mar 2005
(Audited)
Nine months ended
31st Dec 2005
(Unaudited)
Year ended
31st March 2006
(Audited)
Year ended
31st March 2005
(Audited)
1 Net Sales/Income from operations
18,737.83
10,278.79
25,510.25
44,248.08
27,772.30
2 Other Income
125.37
116.30
703.93
829.30
305.75
3 Total Expenditure
  a) (Increase)/decrease in stock in trade
1,476.20
(511.70)
(3,235.14)
(1,758.94)
(483.28)
  b) Consumption of raw materials
11,511.05
7,085.78
20,172.60
31,683.65
18,481.65
  c) Staff Cost
496.05
364.37
1,409.32
1,905.37
1,209.03
  d) Other expenditure
2,755.00
1,570.58
3,697.79
6,452.79
4,775.37
4 Interest
346.63
236.13
1,051.45
1,398.08
925.75
5 Depreciation
246.95
221.86
696.06
943.01
823.19
6 Profit(+)/Loss(-) before Tax and Extra
Ordinary Items (1+2-3-4-5)
2,031.32
1,428.07
2,422.10
4,453.42
2,346.34
7 Extra Ordinaty Items
177.53
341.07
178.11
355.64
605.43
8 Profit(+)/Loss(-) before Tax (6-7) 
1,853.79
1,087.00
2,243.99
4,097.78
1,740.91
9 Provision for taxation
   Current
652.95
403.00
650.00
1,302.95
501.00
   Deferred
97.94
80.49
(118.64)
(20.70)
236.08
   Fringe Benefit Tax
7.02
-
20.15
27.17
-
10 Net Profit(+)/Loss(-) (8-9)
1,095.88
603.51
1,692.48
2,788.36
1,003.83
11 Paid up Equity Share Capital (Face
  Value of the share Rs. 10/-)
570.78
564.74
564.74
570.78
564.74
12 Reserves excluding revaluation reserves(as per Balance Sheet) 
-
-
-
9,695.60
6,765.78
13 Earning Per Share for the period, for the year to date and for the previous year
  - Before Extra Ordinary Items
    (i)  Basic
22.54
16.73
33.12
55.67
28.50
    (ii) Diluted
20.58
16.73
32.98
54.22
28.50
  - After Extra Ordinary Items
    (i)  Basic
19.40
10.69
29.97
49.37
17.78
    (ii) Diluted
17.71
10.69
29.84
48.09
17.78
14 Aggregate of Non-Promoter Shareholding
    Number of Shares
3,105,360
3,039,993
3,044,987
3,105,360
3,039,993
    Percentage of shareholding
54.41%
53.83%
53.92%
54.41%
53.83%
   
1) The aforesaid results were reviewed by the audit committee at its meeting held on 27th June, 2006 and taken on record at the meeting of Board of Directors held on 28th June 2006. 
2) The Board of Directors have recommended Dividend of Rs.5/- per share of Rs. 10/- each ( 50%).
3) The Board of Directors have recommended sub division of share of Rs.10/- each into share of Rs.2/- each subject to the approval of members of the Company and the Bondholders.
4) Information on investor complaints for quarter ended 31st March, 2006 is as under:
- Complaints pending as on January 1, 2006 01
- Complaints received during the quarter NIL
- Complaints solved during the quarter 01
- Complaints pending as on March 31, 2006 NIL
5) During the Year, Foreign Currency Convertible Bonds (FCCBs) aggregating to US$ 1 Million (against FCCB Issue aggregating to US$ 9 Million) have been converted into 60,373 Equity Shares of Rs. 10 each at a pre determined premium of Rs. 740 per share, thereby increasing the paid up capital of the Company by Rs. 6.04 Lacs and share premium account by Rs. 446.76 Lacs.
6) Extra Ordinary Items includes:
a. Amount written off on account of VRS and Gratuity : For the Year Rs. 237.48 Lacs (Previous Year : Rs. 352.50 Lacs).  For the Quarter Rs. 59.37 Lacs (Corresponding Quarter of Previous year : Rs. 88.14 Lacs)
b. FCCB Issue Expenses Rs. 118.16 Lacs (Net of Interest earned on FCCB Funds held in the form of Deposits - Rs. 33.66 Lacs). (Previous Year : NIL)
7) The diluted Earning Per Share has been computed after taking into account the impact of issue of US$ 9 Million FCCBs, carrying conversion right into equity shares at Rs. 750 per share of Rs. 10 each at a exchange rate of 1US$ = Rs. 45.28 after December 20, 2005 but upto December 20, 2010 as per AS-20.
8) The Previous Year's figures have been regrouped / recast whereever necessary.
Place :   Mumbai For and on behalf of Board of Directors
Date  :     28th June 2006
Chairman & Managing Director
 

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