|
Quarterly results
Unaudited financial results
for the quarter ended 31 March, 2003
|
(Rs. in Crores)
|
|
Sr.
no
|
Particulars
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited
|
|
Quarter ended 31 March, 2003
|
Corresponding Quarter in the Previous
Year
|
Year ended 31 March, 2003
|
Year ended 31 March, 2002
|
|
1
|
Net Sales / Income
from Operations
|
379.07
|
367.58
|
1,628.40
|
1,433.85
|
|
2
|
Expenditure
|
|
|
|
|
|
|
a)
|
Decrease / (Increase)
in stock-in-trade
|
4.27
|
39.66
|
(4.48)
|
28.50
|
|
|
b)
|
Consumption of
Raw Materials
|
56.86
|
52.21
|
259.92
|
235.95
|
|
|
c)
|
Staff Cost
|
18.83
|
14.74
|
69.43
|
60.35
|
|
|
d)
|
Stores, Spare Parts
and Consumables
|
43.57
|
30.66
|
122.88
|
118.52
|
|
|
e)
|
Power & Fuel
|
47.67
|
52.42
|
236.35
|
229.99
|
|
|
f)
|
Other Expenditure
|
128.97
|
110.96
|
527.54
|
384.77
|
|
|
|
Total Expenditure
(2a to 2f)
|
300.17
|
300.65
|
1,211.64
|
1,058.08
|
|
3
|
Profit from Operations
(1-2)
|
78.90
|
66.93
|
416.76
|
375.77
|
|
4
|
Other Income
|
1.89
|
9.33
|
42.14
|
34.73
|
|
5
|
Interest on Refunds
of Tax
|
23.93
|
47.13
|
36.67
|
47.47
|
|
6
|
Interest - net
|
19.25
|
17.43
|
90.06
|
109.95
|
|
7
|
Profit after Interest
but before Depreciation,
Extraordinary Items and Tax (3+4+5-6)
|
85.47
|
105.96
|
405.51
|
348.02
|
|
9
|
Profit before Extraordinary Items
and Tax (7-8)
|
50.45
|
71.42
|
268.53
|
214.81
|
|
10
|
Extraordinary Items
|
|
|
|
|
|
|
a)
|
Employees' Separation
Compensation
|
3.64
|
4.00
|
14.56
|
14.75
|
|
|
b)
|
Impact of revised
retention price on revenue of earlier years
|
12.03
|
-
|
182.95
|
-
|
|
|
c)
|
Provision for Contingencies
written back
|
(26.08)
|
-
|
(197.00)
|
-
|
|
11
|
Profit before Tax (9-10)
|
60.86
|
67.42
|
268.02
|
200.06
|
|
12
|
Provision for Tax
|
|
|
|
|
|
|
|
- Current
|
13.18
|
13.45
|
90.11
|
39.50
|
|
|
|
- Deferred - net
|
(12.52)
|
29.85
|
(18.83)
|
33.74
|
|
13
|
Profit after Tax (11-12)
|
60.20
|
24.12
|
196.74
|
126.82
|
|
14
|
Paid up Equity Share
Capital
(Face value : Rs. 10 per Share)
|
180.70
|
180.70
|
180.70
|
180.70
|
|
15
|
Reserves excluding
Revaluation Reserves
|
|
|
|
1,370.66
|
|
16
|
Basic and Diluted Earnings - Rs. per
Share
(not annualised)
|
3.33
|
1.33
|
10.89
|
7.02
|
|
17
|
Aggregate of Non-Promoter
Shareholding
|
|
|
|
|
|
|
- Number of Shares
|
125,432,789
|
125,949,117
|
125,432,789
|
125,949,117
|
|
|
- Percentage of
shareholding
|
69.44%
|
69.72%
|
69.44%
|
69.72%
|
Segmentwise revenue, results and capital employed
|
(Rs. in Crores)
|
|
Sr.
no
|
Particulars
|
Quarter ended 31st March, 2003
|
Corresponding Quarter in the Previous
Year
|
Year ended 31March, 2003
|
Year ended 31March, 2002
|
|
1
|
Segment Revenue
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
245.98
|
221.33
|
956.48
|
794.96
|
|
|
b. Fertilisers
|
133.09
|
146.44
|
671.99
|
639.23
|
|
|
Total
|
379.07
|
367.77
|
1,628.47
|
1,434.19
|
|
|
Less : Inter segment
revenue
|
0.00
|
0.19
|
0.07
|
0.34
|
|
|
Net Sales / Income from Operations
|
379.07
|
367.58
|
1,628.40
|
1,433.85
|
|
2
|
Segment Result
|
|
|
|
|
|
|
Profit / (Loss)
before Tax and Interest
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
49.73
|
20.45
|
185.87
|
112.86
|
|
|
b. Fertilisers
|
6.20
|
17.57
|
136.78
|
154.50
|
|
|
Total
|
55.93
|
38.02
|
322.65
|
267.36
|
|
|
Less :
|
|
|
|
|
|
|
(i) Interest -
net
|
19.25
|
17.43
|
90.06
|
109.95
|
|
|
(ii) Unallocable
income net of unallocable expenditure
|
(24.18)
|
(46.83)
|
(35.43)
|
(42.65)
|
|
|
Profit before Tax
|
60.86
|
67.42
|
268.02
|
200.06
|
|
3
|
Capital Employed
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
971.72
|
1,067.57
|
971.72
|
1,067.57
|
|
|
b. Fertilisers
|
1,026.69
|
1,140.58
|
1,026.69
|
1,140.58
|
Notes:
- The Government has by Notification
dated 16 April 2003 further revised the Retention Price
of Urea with effect from 1 July 1997 impact of which aggregating
Rs.27.08 Crores (including Rs 15.03 Crores charged to Sales
Revenue) has been appropriately dealt with in drawing the
results for the quarter and year ended 31 March 2003. Consequently,
the provision for contingency of Rs.26.09 crores has been
written back since the same is no longer required.
- As in the earlier years, the Auditors
have qualified their report on accounts for the year ended
31 March 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 Scheme of Amalgamation of Hind
Lever Chemicals Limited (HLCL) with the Company duly approved
by the Board, will be filed with the respective High Courts
shortly. On obtaining necessary statutory approvals, the
Scheme shall be operative from Appointed Date of 1 April
2002. The above statement does not include results of HLCL.
- 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: April 29, 2003
|
Tata Chemicals Limited
Ratan N Tata
Chairman
|
|
