|
Unaudited
financial results for the quarter ended September
30,
2003
|
(Rs.
in Crores)
|
|
Sr
No
|
Particulars
|
Unaudited
|
Audited
|
|
Quarter
ended 30 Sep., 2003
|
Corresponding
Quarter in the Previous Year
|
Half
Year ended 30 Sep., 2003
|
Corresponding
Half year in the Previous Year
|
Year
ended 31 March, 2003
|
|
1
|
Sales
/ Income from Operations
|
506.12
|
439.07
|
836.91
|
788.55
|
1,626.96
|
|
|
Less
: Excise Duty
|
23.16
|
21.58
|
46.05
|
44.41
|
91.69
|
|
|
Net
Sales/ Income from Operations
|
482.96
|
417.49
|
790.86
|
744.14
|
1,535.27
|
|
2
|
Expenditure
|
|
|
|
|
|
|
|
a)
|
Decrease
/ (Increase) in stock-in-trade
|
29.97
|
17.98
|
(32.65)
|
1.31
|
(4.48)
|
|
|
b)
|
Consumption
of Raw Materials
|
75.13
|
70.08
|
145.08
|
132.34
|
259.92
|
|
|
c)
|
Cost
of Traded Goods
|
31.45
|
6.15
|
49.43
|
6.17
|
56.63
|
|
|
d)
|
Staff
Cost
|
19.34
|
16.89
|
39.27
|
33.86
|
69.72
|
|
|
e)
|
Stores,
Spare Parts and Consumables
|
24.02
|
25.84
|
47.85
|
52.74
|
124.31
|
|
|
f)
|
Power
& Fuel
|
74.60
|
61.24
|
139.43
|
128.29
|
241.20
|
|
|
g)
|
Freight
and Forwarding Charges
|
30.95
|
30.37
|
57.83
|
55.36
|
113.48
|
|
|
h)
|
Other
Expenditure
|
58.93
|
63.68
|
94.36
|
112.90
|
259.94
|
|
|
|
Total
Expenditure (2a to 2h)
|
344.39
|
292.23
|
540.60
|
522.97
|
1,120.72
|
|
3
|
Profit
from Operations (1-2)
|
138.57
|
125.26
|
250.26
|
221.17
|
414.55
|
|
4
|
Other
Income
|
18.31
|
9.93
|
26.53
|
17.59
|
42.14
|
|
5
|
Interest
on Refunds of Tax
|
9.56
|
-
|
15.71
|
12.74
|
35.73
|
|
6
|
Interest
- net
|
11.42
|
24.82
|
25.01
|
50.73
|
90.33
|
|
7
|
Profit
after Interest but before Depreciation,
Extraordinary Items and Tax (3+4+5-6)
|
155.02
|
110.37
|
267.49
|
200.77
|
402.09
|
|
8
|
Depreciation
|
33.36
|
33.91
|
66.79
|
67.86
|
136.93
|
|
9
|
Profit
before Extraordinary Items and Tax (7-8)
|
121.66
|
76.46
|
200.70
|
132.91
|
265.16
|
|
10
|
Extraordinary
Items
|
|
|
|
|
|
|
|
a)
|
Employees'
Separation Compensation
|
3.75
|
3.50
|
11.29
|
7.00
|
14.56
|
|
|
b)
|
Impact
of revised retention price
on revenue of earlier years
|
-
|
170.92
|
-
|
170.92
|
185.58
|
|
|
c)
|
Provision
for Contingencies written back
|
-
|
(170.92)
|
-
|
(170.92)
|
(197.00)
|
|
11
|
Profit
before Tax (9-10)
|
117.91
|
72.96
|
189.41
|
125.91
|
262.02
|
|
12
|
Provision
for Tax
|
|
|
|
|
|
|
|
|
-
Current
|
42.31
|
28.40
|
70.19
|
49.62
|
88.99
|
|
|
|
-
Deferred - net
|
(4.92)
|
(2.47)
|
(9.83)
|
(4.75)
|
(23.55)
|
|
13
|
Profit
after Tax (11-12)
|
80.52
|
47.03
|
129.05
|
81.04
|
196.58
|
|
14
|
Paid
up Equity Share Capital
(Face value : Rs. 10 per Share)
|
180.70
|
180.70
|
180.70
|
180.70
|
180.70
|
|
15
|
Reserves
excluding Revaluation Reserves
|
|
|
|
|
1,455.16
|
|
16
|
Basic
and Diluted Earnings - Rs. per Share
(not annualised)
|
4.46
|
2.60
|
7.14
|
4.48
|
10.88
|
|
17
|
Aggregate
of Non-Promoter Shareholding
|
|
|
|
|
|
|
|
-
Number of Shares
|
125,552,769
|
126,088,949
|
125,552,769
|
126,088,949
|
125,432,789
|
|
|
-
Percentage of shareholding
|
69.50%
|
69.80%
|
69.50%
|
69.80%
|
69.44%
|
Segmentwise
revenue, results and capital employed
|
(Rs.
in Crores)
|
|
Sr
No
|
Particulars
|
Quarter
ended 30 Sep., 2003
|
Corresponding
Quarter in the Previous Year
|
Half
Year ended 30 Sep., 2003
|
Corresponding
Half year in the Previous Year
|
Year
ended 31 March, 2003
|
|
1
|
Segment
Revenue
|
|
|
|
|
|
|
|
a.
Inorganic Chemicals
|
218.67
|
213.04
|
439.65
|
414.63
|
864.52
|
|
|
b.
Fertilisers
|
264.29
|
204.52
|
351.21
|
329.58
|
670.82
|
|
|
Total
|
482.96
|
417.56
|
790.86
|
744.21
|
1,535.34
|
|
|
Less
: Inter segment revenue
|
-
|
0.07
|
-
|
0.07
|
0.07
|
|
|
Net
Sales / Income from Operations
|
482.96
|
417.49
|
790.86
|
744.14
|
1,535.27
|
|
2
|
Segment
Result
|
|
|
|
|
|
|
|
Profit
/ (Loss) before Tax and Interest
|
|
|
|
|
|
|
|
a.
Inorganic Chemicals
|
41.16
|
49.88
|
107.01
|
82.61
|
185.07
|
|
|
b.
Fertilisers
|
72.88
|
51.85
|
94.89
|
90.97
|
135.62
|
|
|
Total
|
114.04
|
101.73
|
201.90
|
173.58
|
320.69
|
|
|
Less
:
|
|
|
|
|
|
|
|
(i)
Interest - net
|
11.42
|
24.82
|
25.01
|
50.73
|
90.33
|
|
|
(ii)
Unallocable income net of unallocable expenditure
|
(15.29)
|
3.95
|
(12.52)
|
(3.06)
|
(31.66)
|
|
|
Profit
before Tax
|
117.91
|
72.96
|
189.41
|
125.91
|
262.02
|
|
3
|
Capital
Employed
|
|
|
|
|
|
|
|
a.
Inorganic Chemicals
|
897.22
|
1,012.35
|
897.22
|
1,012.35
|
972.12
|
|
|
b.
Fertilisers
|
1,020.55
|
1,101.51
|
1,020.55
|
1,101.51
|
1,020.99
|
Notes:
- Subsequent
to the filing of the Scheme of Amalgamation
of HLCL with the company with the High Court
Judicature at Mumbai, the High Court has now
passed an Order approving the said Scheme of
Amalgamation. However the Punjab and Haryana
High Court is yet to approve the Scheme of Amalgamation
of HLCL (the transferor company) with the company.
Upon receiving the necessary statutory approval,
the Scheme of Amalgamation shall be operative
from the appointed date of 01 April 2002. The
Unaudited Financial Results statement does not
include the results of HLCL.
-
The Board of Directors at their meeting held
today has approved the accounts for the year
ended 31 March 2003.
- There
were 25 investor complaints pending as at 01
July 2003. During the quarter ended 30 September
2003, 8 complaints were received of which 7
complaints were resolved, leaving a balance
of 26 complaints lying unresolved as at 30 September
2003, pertaining to fraudulent encashment cases.
-
The Statutory Auditors have carried out a ‘Limited
Review’ of the results for the quarter
and half year ended 30 September 2003.
-
The previous period figures have been regrouped/rearranged
wherever necessary.
This
has been taken on record in the board meeting
of date.
|
Place:
Mumbai
Date:
October
28, 2003
|
Tata
Chemicals Limited
Ratan N Tata
Chairman
|
|
