|
Unaudited
financial results (provisional) for the quarter
ended June 30, 2002
|
(Rupees
crore)
|
|
Sr.
No
|
Particulars
|
Quarter
ended on June 30, '02
|
Corresponding
quarter in the previous year
|
Previous
accounting year ended on March 31, '02
(audited)
|
|
1
|
Net
sales / income from operations
|
362.22
|
291.42
|
1,481.32
|
|
2
|
Expenditure
|
|
|
|
|
|
a)
|
(Increase)
/ decrease in stock-in-trade
|
(16.67)
|
(7.62)
|
28.50
|
|
|
b)
|
Consumption
of raw materials
|
61.80
|
49.89
|
235.95
|
|
|
c)
|
Staff
cost
|
16.97
|
15.52
|
60.35
|
|
|
d)
|
Stores,
spare parts and consumables
|
27.36
|
21.87
|
118.52
|
|
|
e)
|
Power
and fuel
|
65.89
|
50.80
|
229.99
|
|
|
f)
|
Other
expenditure
|
98.22
|
79.98
|
384.77
|
|
|
|
Total
expenditure ( 2a to 2f )
|
253.57
|
210.44
|
1,058.08
|
|
3
|
Profit
from operations
(1-2)
|
108.65
|
80.98
|
423.24
|
|
4
|
Other
income
|
7.66
|
3.75
|
34.73
|
|
5
|
Interest
(net )
|
25.91
|
31.37
|
109.95
|
|
6
|
Profit
after interest but before
|
|
|
|
|
|
depreciation,
extraordinary items and tax (3+4-5)
|
90.40
|
53.36
|
348.02
|
|
7
|
Depreciation
|
33.95
|
32.88
|
133.21
|
|
8
|
Profit
before extraordinary items and tax (6-7)
|
56.45
|
20.48
|
214.81
|
|
9
|
Extraordinary
items
|
|
|
|
|
|
|
Employees'
separation compensation
|
3.50
|
3.58
|
14.75
|
|
10
|
Profit
before tax
(8 - 9)
|
52.95
|
16.90
|
200.06
|
|
11
|
Provision
for tax
|
|
|
|
|
|
|
-
Current
|
21.22
|
4.92
|
39.50
|
|
|
|
-
Deferred
|
(2.28)
|
(1.21)
|
33.74
|
|
12
|
Profit
after tax
(10 - 11)
|
34.01
|
13.19
|
126.82
|
|
13
|
Paid-up
equity share capital
|
|
|
|
|
|
(Face
value: Rs 10 per share)
|
180.70
|
180.70
|
180.70
|
|
14
|
Reserves
excluding revaluation reserves
|
|
|
1,370.66
|
|
15
|
Basic
and diluted earnings -- Rs per share
|
|
|
|
|
|
(not
annualised)
|
1.88
|
0.73
|
7.02
|
|
16
|
Aggregate
of non-promoter shareholding
|
|
|
|
|
|
-
Number of shares
|
125,948,557
|
125,611,600
|
125,949,117
|
|
|
-
Percentage of holding
|
69.72%
|
69.54%
|
69.72%
|
Segment-wise
revenue, results and capital employed
|
(Rs
crore)
|
|
Sr.
No
|
Particulars
|
Quarter
ended
June 30, 2002
|
Financial
year ended
March 31, 2002
|
|
1
|
Segment
revenue
|
|
|
|
|
a.
Inorganic chemicals
|
224.42
|
794.96
|
|
|
b.
Fertilisers
|
125.06
|
639.23
|
|
|
Total
|
349.48
|
1,434.19
|
|
|
Less:
inter-segment revenue
|
|
0.34
|
|
|
Net
sales / income from operations
|
349.48
|
1,433.85
|
|
|
{Excludes
interest on tax refunds Rs 12.74 crore
|
|
|
|
|
(Previous
year Rs 47.47 crore) adjusted under 2 (ii)
}
|
|
|
|
2
|
Segment
result
|
|
|
|
|
Profit
/ (loss) before tax and interest
|
|
|
|
|
a.
Inorganic chemicals
|
32.73
|
112.86
|
|
|
b.
Fertilisers
|
39.12
|
154.50
|
|
|
Total
|
71.85
|
267.36
|
|
|
Less:
|
|
|
|
|
(i)
Interest (net)
|
25.91
|
109.95
|
|
|
(ii)
Unallocable income net of
|
(7.01)
|
(42.65)
|
|
|
unallocable
expenditure
|
|
|
|
|
Profit
before tax
|
52.95
|
200.06
|
|
3
|
Capital
employed
|
|
|
|
|
a.
Inorganic chemicals
|
1,025.27
|
1,075.56
|
|
|
b.
Fertilisers
|
1,148.01
|
1,140.58
|
Notes:
- Pending
fixation of the 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.
As in the earlier years, the auditors have qualified
their report on the accounts for the year ended
March 31, 2002, 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.
- Net
sales / income from operations includes interest
on tax refunds of Rs 12.74 crore during the
quarter ended June 30, 2002, nil during the
quarter ended June 30, 2001 and Rs 47.47 crore
during the year ended March 31, 2002.
- The
drought conditions prevailing in many parts
of northern India may have an adverse impact
on the demand for fertilisers for the remaining
part of the year.
- The
previous period figures have been re-grouped
/ re-arranged wherever necessary.
This
has been taken on record at the board meeting
of date.
Place:
Mumbai
Date:
July 31, 2002 |
Ratan
N Tata
Chairman
|
|
