|
Unaudited
financial results for the quarter ended December
31, 2002
|
(Rs
in crores)
|
|
Sr.
no
|
Particulars
|
Unaudited
figures
|
Audited
|
|
Quarter
ended December 31, 2002
|
Corresponding
quarter in the previous year
|
Nine
months ended December 31, 2002
|
Corresponding
nine months in the previous year
|
Financial
year ended March 31, 2002
|
|
1
|
Net
sales / income from operations
|
460.78
|
387.94
|
1,262.07
|
1,066.27
|
1,481.32
|
|
2
|
Expenditure
|
|
|
|
|
|
|
|
a)
|
Decrease
/ (increase) in stock-in-trade
|
(10.06)
|
(10.07)
|
(8.75)
|
(11.16)
|
28.50
|
|
|
b)
|
Consumption
of raw materials
|
71.62
|
65.61
|
203.06
|
183.74
|
235.95
|
|
|
c)
|
Cost
of traded goods
|
44.40
|
0.13
|
50.57
|
18.01
|
17.93
|
|
|
d)
|
Staff
cost
|
16.74
|
14.78
|
50.60
|
45.61
|
60.35
|
|
|
e)
|
Stores,
spare parts and consumables
|
25.79
|
33.38
|
79.31
|
87.86
|
118.52
|
|
|
f)
|
Power
and fuel
|
62.74
|
63.00
|
188.68
|
177.57
|
229.99
|
|
|
g)
|
Other
expenditure
|
132.86
|
98.11
|
348.00
|
255.80
|
366.84
|
|
|
|
Total
expenditure (2a to 2g)
|
344.09
|
264.94
|
911.47
|
757.43
|
1,058.08
|
|
3
|
Profit
from operations (1-2)
|
116.69
|
123.00
|
350.60
|
308.84
|
423.24
|
|
4
|
Other
income
|
22.66
|
5.41
|
40.25
|
25.74
|
34.73
|
|
5
|
Interest
- net
|
20.08
|
30.60
|
70.81
|
92.52
|
109.95
|
|
6
|
Profit
after interest but before depreciation
|
|
|
|
|
|
|
|
Extraordinary
items and tax (3+4-5)
|
119.27
|
97.81
|
320.04
|
242.06
|
348.02
|
|
7
|
Depreciation
|
34.10
|
32.78
|
101.96
|
98.67
|
133.21
|
|
8
|
Profit
before extraordinary items and tax (6-7)
|
85.17
|
65.03
|
218.08
|
143.39
|
214.81
|
|
9
|
Extraordinary
items
|
|
|
|
|
|
|
|
a)
|
Employees'
separation compensation
|
3.92
|
3.59
|
10.92
|
10.75
|
14.75
|
|
|
b)
|
Impact
of revised retention price
|
|
|
|
|
|
|
|
|
on
revenue of earlier years
|
-
|
-
|
170.92
|
-
|
-
|
|
|
c)
|
Provision
for contingencies written back
|
-
|
-
|
(170.92)
|
-
|
-
|
|
10
|
Profit
before tax (8 - 9)
|
81.25
|
61.44
|
207.16
|
132.64
|
200.06
|
|
11
|
Provision
for tax
|
|
|
|
|
|
|
|
|
-
Current
|
27.31
|
14.01
|
76.93
|
26.05
|
39.50
|
|
|
|
-
Deferred - net
|
(1.56)
|
1.34
|
(6.31)
|
3.89
|
33.74
|
|
12
|
Profit
after tax (10 - 11)
|
55.50
|
46.09
|
136.54
|
102.70
|
126.82
|
|
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
|
|
15
|
Basic
and diluted earnings - Rs per share
(not annualised)
|
3.07
|
2.55
|
7.56
|
5.68
|
7.02
|
|
16
|
Aggregate
of non-promoter shareholding
|
|
|
|
|
|
|
|
-
Number of shares
|
126,713,949
|
125,896,761
|
126,713,949
|
125,896,761
|
125,949,117
|
|
|
-
Percentage of shareholding
|
70.15%
|
69.70%
|
70.15%
|
69.70%
|
69.72%
|
Segmentwise
revenue, results and capital employed
|
(Rs
in crores)
|
|
Sr.
no
|
Particulars
|
Quarter
ended December 31, 2002
|
Corresponding
quarter in the previous year
|
Nine
months ended December 31, 2002
|
Corresponding
nine months in the previous year
|
Financial
year ended March 31, 2002
|
|
1
|
Segment
revenue
|
|
|
|
|
|
|
|
a.
Inorganic chemicals
|
251.46
|
217.33
|
710.50
|
573.63
|
794.96
|
|
|
b.
Fertilisers
|
209.32
|
170.64
|
538.90
|
492.79
|
639.23
|
|
|
Total
|
460.78
|
387.97
|
1,249.40
|
1,066.42
|
1,434.19
|
|
|
Less:
Inter segment revenue
|
(0.00)
|
0.03
|
0.07
|
0.15
|
0.34
|
|
|
Net
sales / income from operations
|
460.78
|
387.94
|
1,249.33*
|
1,066.27
|
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
|
53.52
|
52.62
|
136.14
|
92.41
|
112.86
|
|
|
b.
Fertilisers
|
39.61
|
43.01
|
130.58
|
136.93
|
154.50
|
|
|
Total
|
93.13
|
95.63
|
266.72
|
229.34
|
267.36
|
|
|
Less:
|
|
|
|
|
|
|
|
(i)
Interest - net
|
20.08
|
30.60
|
70.81
|
92.52
|
109.95
|
|
|
(ii)
Unallocable income net of
|
(8.20)
|
3.59
|
(11.25)
|
4.18
|
(42.65)
|
|
|
unallocable
expenditure
|
|
|
|
|
|
|
|
Profit
before tax
|
81.25
|
61.44
|
207.16
|
132.64
|
200.06
|
|
3
|
Capital
employed
|
|
|
|
|
|
|
|
a.
Inorganic chemicals
|
1,000.46
|
1,110.63
|
1,000.46
|
1,110.63
|
1,075.56
|
|
|
b.
Fertilisers
|
1,069.33
|
1,228.25
|
1,069.33
|
1,228.25
|
1,140.58
|
Notes:
-
As in the earlier years, the auditors have qualified
their report on accounts for the year ended
March 31, 2002 with regard to claims for escalation
of input costs and other claims on urea, which
have been accounted pending final issuance of
the government notification. The adjustments
are made in the accounts as and when the notifications
are issued.
- The
previous period figures have been regrouped
/ rearranged wherever necessary.
- The
board of directors approved a scheme of amalgamation
of Hind Lever Chemicals Limited (HLCL) with
the company, subject to the approval of the
High Courts of Mumbai and Punjab, shareholders
and subject to such other statutory approvals,
if any. In terms of scheme of amalgamation,
five equity shares of Rs 10 each of Tata Chemicals
Limited will be issued to the shareholders of
HLCL for every two equity shares of Rs 10 each
held by them in HLCL.
This
has been taken on record in the board meeting
of date.
|
Place:
Mumbai
Date:
January 24, 2003
|
Tata
Chemicals Limited
Ratan N Tata
Chairman
|
|
