|
Audited
financial results for
the year ended March 31, 2002
|
(Rs
crore)
|
|
|
Unaudited
figures
|
Audited
figures
|
|
Sr.
no
|
Particulars
|
Nine
months ended 31.12.2001
|
Quarter
ended 31.3.2002
|
Quarter
ended 31.3.2001
|
Financial
year ended
31.03.2002
|
Financial
year ended
31.03.2001
|
|
1
|
Net
sales / income from operations
|
1,066.61
|
414.71
|
340.63
|
1,481.32
|
1,502.14
|
|
2
|
Expenditure
|
|
|
|
|
|
|
|
a)
|
(Increase) / decrease in
stock-in-trade
|
(11.16)
|
39.66
|
44.17
|
28.50
|
0.91
|
|
|
b)
|
Consumption
of raw
materials
|
183.74
|
52.51
|
47.70
|
235.95
|
284.91
|
|
|
c)
|
Staff
cost
|
45.61
|
14.74
|
14.59
|
60.35
|
62.51
|
|
|
d)
|
Stores,
spare parts and consumables
|
87.86
|
30.66
|
28.36
|
118.52
|
128.58
|
|
|
e)
|
Power
and fuel
|
177.57
|
52.42
|
51.73
|
229.99
|
270.61
|
|
|
f)
|
Other
expenditure
|
273.81
|
110.96
|
121.32
|
384.77
|
415.47
|
|
|
|
Total
expenditure (2a to 2f)
|
757.43
|
300.65
|
307.87
|
1,058.08
|
1,162.99
|
|
3
|
Profit
from operations (1-2)
|
309.18
|
114.06
|
32.76
|
423.24
|
339.15
|
|
4
|
Other
income
|
|
|
|
|
|
|
|
a)
|
Profit
on sale of investments
(refer note 1 (ii))
|
2.04
|
0.94
|
(0.59)
|
2.98
|
218.97
|
|
|
b)
|
Others
|
23.70
|
8.05
|
(6.59)
|
31.75
|
13.00
|
|
5
|
Interest
(net )
|
92.86
|
17.09
|
39.17
|
109.95
|
162.16
|
|
6
|
Profit
after Interest but before depreciation,
extraordinary Items and tax (3+4-5)
|
242.06
|
105.96
|
(13.59)
|
348.02
|
408.96
|
|
7
|
Depreciation
|
98.67
|
34.54
|
32.38
|
133.21
|
132.84
|
|
8
|
Profit
before extraordinary items and tax (6-7)
|
143.39
|
71.42
|
(45.97)
|
214.81
|
276.12
|
|
9
|
Extraordinary
items
|
|
|
|
|
|
|
|
a)
|
Employees'
separation compensation
|
10.75
|
4.00
|
3.35
|
14.75
|
13.03
|
|
|
b)
|
Provision
for contingencies
|
-
|
-
|
77.00
|
-
|
77.00
|
|
10
|
Profit
before tax (8 - 9) (Refer note 2)
|
132.64
|
67.42
|
(126.32)
|
200.06
|
186.09
|
|
11
|
Provision
for tax
|
|
|
|
|
|
|
|
|
Current
|
26.05
|
13.45
|
4.14
|
39.50
|
21.14
|
|
|
|
Deferred
|
3.89
|
29.85
|
-
|
33.74
|
-
|
|
12
|
Profit
after tax (10- 11) (Refer note 2)
|
102.70
|
24.12
|
(130.46)
|
126.82
|
164.95
|
|
13
|
Paid-up
equity Share capital
(Face value: Rs 10
per share)
|
180.70
|
180.70
|
180.70
|
180.70
|
180.70
|
|
14
|
Reserves
excluding revaluation reserves
|
|
|
|
1,370.66
|
1,764.74
|
|
15
|
Basic
and diluted earnings -- Rs per share (not
annualised)
|
5.68
|
1.33
|
(7.22)
|
7.02
|
9.13
|
|
16
|
Aggregate
of non promoter shareholding
|
|
|
|
|
|
|
|
-
Number of shares
|
125,896,761
|
125,949,117
|
125,896,761
|
125,949,117
|
126,262,051
|
|
|
-
Percentage of holding
|
69.70%
|
69.72%
|
69.70%
|
69.72%
|
69.89%
|
Segment-wise
revenue, results and capital employed
|
(Rs
crore )
|
Sr
no |
Particulars
|
Quarter
ended
March 31,
2002
|
Financial
year
ended
March 31,
2002
|
|
1
|
Segment
revenue
|
|
|
|
|
a.
Inorganic chemicals
|
221.33
|
794.96
|
|
|
b.
Fertilisers
|
146.44
|
639.23
|
|
|
Total
|
367.77
|
1,434.19
|
|
|
Less:
Inter segment revenue
|
0.19
|
0.34
|
|
|
Net
sales / income from operations |
367.58
|
1,433.85
|
|
2
|
Segment
results
|
|
|
|
|
Profit
/ (loss) before tax and interest
|
|
|
|
|
a.
Inorganic chemicals
|
20.45
|
112.86
|
|
|
b.
Fertilisers
|
17.57
|
154.50
|
|
|
Total
|
38.02
|
267.36
|
|
|
Less:
|
|
|
|
|
a.
Interest (net)
|
17.43
|
109.95
|
|
|
b.
Unallocable income net of
|
(46.83)
|
(42.65)
|
|
|
unallocable
expenditure
|
|
|
|
|
Profit
before tax
|
67.42
|
200.06
|
|
3
|
Capital
employed
|
|
|
|
|
a.
Inorganic chemicals
|
1,067.57
|
1,067.57
|
|
|
b.
Fertilisers
|
1,140.58
|
1,140.58
|
Notes:
- (i)
Despite the fire of March 2, 2001, which disrupted
the operations at Mithapur for several months,
the profit from operations for the year 2001-02
is higher than that of the previous year.
(ii) The financial results for the previous
year included a profit of Rs 205 crore, under
the head 'Other income' consequent to merger
of Sabras Investment and Trading Co Ltd with
the company representing capital gains earned
by Sabras on sale of investments. Hence the
profit before tax for the year is not comparable
to that of the previous year.
(iii) Pursuant to standard on 'Accounting for
taxes on income' the company has recorded a
net cumulative deferred tax liability of Rs
430.57 crore upto March 31, 2001 as reduction
in general reserve.
Further the impact of deferred tax liability
of Rs 33.74 crore for the year ended March 31,
2002 has been debited to the profit and loss
account. Therefore, the profit after tax for
the year is not comparable with that of the
previous year.
- Pending
fixation of final retention price by the government,
revenue from sale of urea is recognised on the
basis of provisional retention price notified
by the government. Claims for escalation on
input costs have been taken into account pending
final issuance of government notification.
The
auditors have qualified their report on the
accounts for the year ended March 31, 2002,
as in the earlier years, stating that the
consequential impact of the above cannot be
ascertained on account of the uncertainties
associated with the fixation of the final
retention price. The government is likely
to finalise the retention price during the
current financial year.
- An
interim dividend of Rs 5 per share for the year
2001-02 was declared by the board at its meeting
held on May 20, 2002, which will be paid on
or before June 19, 2002. In view of the interim
dividend it has been decided not to recommend
any final dividend.
This
has been taken on record in the board meeting
of Tata Chemicals Limited.
Place:
Mumbai
Date: May 31, 2002
|
Ratan
N Tata
Chairman
|
|
