Unaudited (reviewed) financial results for the quarter ended 31st December, 2005
Sl. No.  
Quarter ended
31st Dec 2005
(Unaudited)
Quarter ended
31st Dec 2004
(Unaudited)
Nine months ended
31st Dec 2005
(Unaudited)
Nine months ended
31st Dec 2004
(Unaudited)
Year ended
31st March 2005
(Audited)
1
Net Sales/Income from operations
8,974.82
5,749.14
25,510.25
17,493.51
27,772.30
2
Other Income
560.37
97.57
703.93
189.46
305.76
3
Total Expenditure
 
a) (Increase)/decrease in stock in trade
(933.20)
(661.38)
(3,235.14)
28.44
(483.26)
 
b) Consumption of raw materials
7,013.69
4,572.09
20,172.60
11,395.87
18,481.65
 
c) Staff Cost
559.22
357.93
1,587.43
1,109.02
1,573.19
 
d) Other expenditure
1,233.53
910.89
3,697.79
3,204.78
5,016.63
4
Interest
371.65
182.69
1,051.45
689.62
925.75
5
Depreciation
229.00
216.08
696.06
601.33
823.19
6
Profit(+)/Loss(-) before Tax(1+2-3-4-5)
1,061.30
268.41
2,243.99
653.91
1,740.91
7
Provision for taxation
 
Current
315.00
52.00
650.00
98.00
501.00
 
Deferred
(75.17)
28.16
(118.64)
155.59
236.08
 
Fringe Benefit Tax
6.99
-
20.15
-
-
8
Net Profit(+)/Loss(-) ( 6-7 )
814.48
188.25
1,692.48
400.32
1,003.83
9
Paid up Equity Share Capital (Face Value of the share Rs. 10/-)
564.74
564.74
564.74
564.74
564.74
10
Reserves excluding revaluation reserves(as per Balance Sheet)
6,765.79
11
Earning Per Share for the period, for the year to date and for the previous year
 
- Basic
14.42
3.33
29.97
7.09
17.78
 
- Diluted
14.24
3.33
29.84
7.09
17.78
12
Aggregate of Non-Promoter Shareholding
 
Number of Shares
3044987
3039993
3044987
3039993
3039993
 
Percentage of shareholding
53.92%
53.83%
53.92%
53.83%
53.83%
1) The aforesaid results were reviewed by the audit committee at its meeting held on 30th January, 2006 and taken on record at the meeting of Board of Directors held on 30th January 2006. The Statutory Auditors have carried out a Limited Review of above results.
2) Information on investor complaints for quarter ended 31st December, 2005 is as under:
- Complaints pending as on October 1, 2005 Nil
- Complaints received during the quarter Four
- Complaints pending as on December 31, 2005 One (Since resolved)
3) Previous year/period figures have been regrouped, wherever considered necessary to make them comparable.
4) A sum of Rs. 59.37 lacs has been charged to Profit & Loss A/c during the quarter towards VRS and Gratuity write-off, being an item of extra-ordinary nature.
5) The Company has signed the documents for issue of Foreign Currency Convertible Bonds (FCCB) of US $ 18 mn comprising of two tranches of US $ 9 mn each. Out of which, the Company has issued 9,000 0.5% FCCB of US $ 1,000 each aggregating to US $ 9,000,000 @ 1% Premium on 20th December, 2005. The issue expenses net of Premium of Rs. 113.78 lacs have not been charged to Profit and Loss Account since its allocation to revenue or capital expenditure is yet to be decided pending utilization of major FCCB proceeds.
6) The diluted Earning Per Share has been computed as per AS-20, after taking into account the impact of issue of USD 9 Million Foreign Currency Convertible Bonds (FCCBs), Series 'A', carrying conversion right into Equity Shares on or after 20 December, 2005 as per the terms and conditions of the Issue.
7) As per Arbitration Award received pursuant to the order of Settlement Commission in case of MSEB, Chandrapur, during the quarter, the Company has received an amount of Rs. 509 lacs as full and final settlement towards reimbursement of expenses of Custom Duty, Excise Duty, Exchange Rate Variation etc. The said amount is included in Other Income.
  Place : Mumbai   For and on behalf of Board of Directors
  Date : 30th January 2006   Chairman & Managing Director
 

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