|
Unaudited
financial results for the quarter ended 30 June,
2004
|
(Rs
in crores)
|
|
|
Particulars
|
Unaudited
|
Audited
|
|
Quarter
ended 30 June, 2004
|
Corresponding
Quarter in the Previous Year
|
Year
ended 31 March, 2004
|
|
1
|
Sales
/ Income from Operations
|
548.84
|
440.50
|
2652.73
|
|
|
Less
: Excise Duty
|
28.42
|
25.92
|
108.58
|
|
|
Net
Sales/ Income from Operations
|
520.42
|
414.58
|
2544.15
|
|
2
|
Expenditure
|
|
|
|
|
|
a)
|
Decrease
/ (Increase) in stock-in-trade
|
(74.55)
|
(169.54)
|
(21.68)
|
|
|
b)
|
Consumption
of Raw Materials
|
233.03
|
231.46
|
975.47
|
|
|
c)
|
Cost
of Traded Goods
|
5.93
|
26.51
|
157.50
|
|
|
d)
|
Staff
Cost
|
24.66
|
24.76
|
97.93
|
|
|
e)
|
Stores,
Spare Parts and Consumables
|
27.83
|
25.24
|
139.80
|
|
|
f)
|
Power
& Fuel
|
92.51
|
74.87
|
321.68
|
|
|
g)
|
Freight
and Forwarding Charges
|
45.18
|
41.18
|
173.02
|
|
|
h)
|
Other
Expenditure
|
54.48
|
43.10
|
240.64
|
|
|
|
Total
Expenditure (2a to 2h)
|
409.07
|
297.58
|
2084.36
|
|
3
|
Profit
from Operations (1-2)
|
111.35
|
117.00
|
459.79
|
|
4
|
Other
Income
|
3.16
|
8.44
|
38.85
|
|
5
|
Interest
on Refunds of Tax
|
-
|
6.15
|
38.26
|
|
6
|
Interest
- net
|
7.20
|
16.24
|
50.91
|
|
7
|
Profit
after Interest but before Depreciation,
|
|
|
|
|
|
Exceptional
Items and Tax (3+4+5-6)
|
107.31
|
115.35
|
485.99
|
|
8
|
Depreciation
|
34.40
|
35.90
|
144.15
|
|
9
|
Profit
before Exceptional Items and Tax (7-8)
|
72.91
|
79.45
|
341.84
|
|
10
|
Exceptional
Items
|
|
|
|
|
|
Employees'
Separation Compensation
|
0.49
|
7.54
|
15.76
|
|
11
|
Profit
before Tax (9-10)
|
72.42
|
71.91
|
326.08
|
|
12
|
Provision
for Tax
|
26.78
|
23.10
|
105.55
|
|
13
|
Profit
after Tax (11-12)
|
45.64
|
48.81
|
220.53
|
|
14
|
Paid
up Equity Share Capital
|
|
|
|
|
|
(Face
value : Rs. 10 per Share)
|
215.16
*
|
215.16
*
|
215.16
*
|
|
15
|
Reserves
excluding Revaluation Reserves
|
|
|
1820.18
|
|
16
|
Basic
and Diluted Earnings - Rs. per Share
(not annualised)
|
2.12
|
2.27
|
10.25
|
|
17
|
Aggregate
of Non-Promoter Shareholding
|
|
|
|
|
|
-
Number of Shares
|
160,214,369
|
159,896,769
|
160,214,769
|
|
|
-
Percentage of shareholding
|
74.48%
|
74.34%
|
74.48%
|
| *
Including adjustment for share suspense of
Rs 34.46 crore for shares to be issued to
the shareholders of erstwhile Hind Lever Chemicals
Limited. |
Segmentwise
revenue, results and capital employed
|
(Rs
in crores)
|
|
|
Particulars
|
Quarter
ended 30 June, 2004
|
Corresponding
Quarter in the Previous Year
|
Year
ended 31 March, 2004
|
|
1
|
Segment
Revenue
|
|
|
|
|
|
a.
Inorganic Chemicals
|
254.68
|
250.09
|
1012.14
|
|
|
b.
Fertilisers
|
265.74
|
169.27
|
1551.75
|
|
|
Total
|
520.42
|
419.36
|
2563.89
|
|
|
Less
: Inter segment revenue
|
-
|
4.78
|
19.74
|
|
|
Net
Sales / Income from Operations
|
520.42
|
414.58
|
2544.15
|
|
2
|
Segment
Result
|
|
|
|
|
|
Profit
/ (Loss) before Tax and Interest
|
|
|
|
|
|
a.
Inorganic Chemicals
|
57.31
|
73.19
|
205.64
|
|
|
b.
Fertilisers
|
31.88
|
19.07
|
151.90
|
|
|
Total
|
89.19
|
92.26
|
357.54
|
|
|
Less
:
|
|
|
|
|
|
(i)
Interest - net
|
7.19
|
16.24
|
50.91
|
|
|
(ii)
Unallocable expenditure net of
|
9.58
|
4.11
|
(19.45)
|
|
|
unallocable
income
|
|
|
|
|
|
Profit
before Tax
|
72.42
|
71.91
|
326.08
|
|
3
|
Capital
Employed
|
|
|
|
|
|
a.
Inorganic Chemicals
|
779.39
|
1011.58
|
894.30
|
|
|
b.
Fertilisers
|
1361.73
|
1646.01
|
1464.76
|
Notes:
1.
Revenue in respect of urea is recognised based
on the provisional concessional rates notified
by the government pending fixation of the final
concessional rates. Claims for escalation on input
cost have been taken into account based on the
estimates, pending final notification of the rates
by the government.
2.
In pursuance of Accounting Standard 28 - Impairment
of Assets (AS 28) issued by the Institute of Chartered
Accountants of India, the company has assessed
whether there is any indication that an asset
may be impaired. Based on such assessment, the
company has concluded that there is an impairment
of certain assets, and the impairment loss of
Rs 106.29 crore, net of deferred tax credit of
Rs 38.89 crore has been adjusted against the opening
balance of general reserves as at April 1, 2004,
as per the transitional provision.
3.
Provision for tax considers the effect of the
changes, including the cess proposed in the Finance
Bill, 2004.
4.
Status of complaints received from investors during
the quarter, complaints resolved and those pending
are as follows :
|
|
Particulars
of complaints
|
Numbers
|
|
|
Outstanding
as on April 1, 2004
|
25
|
|
Received
during the quarter
|
17
|
|
Resolved
during the quarter
|
38
|
|
Outstanding
as on 30 June 2003
|
4
|
|
5.
The Statutory Auditors have carried out a 'Limited
Review' of the results for the quarter ended 30
June 2004.
6.
The previous period figures have been restated
to include those of the erstwhile Hind Lever Chemicals
Limited (HLCL), and these have been regrouped
/ rearranged wherever necessary.
This
has been on record in the board meeting of date.
|
Place:
Mumbai
Date:
July
23, 2004
|
Tata
Chemicals Limited
Ratan N Tata
Chairman
|
|
