|
Quarterly results
Unaudited
financial results (provisional) for
the quarter ended June 30, 2001.
|
Rs - crore
|
| Sr No |
Particulars |
Quarter ended
June 30, 2001
|
Corresponding
quarter in the
previous year
|
Previous accounting
year ended March 31,
2001 (audited)
|
| 1 |
Net sales /
income from operations |
291.42
|
326.55
|
1,502.14
|
| 2 |
Expenditure |
|
|
|
| |
(a) Increase
/ decrease in stock-in-trade |
(7.62)
|
(8.25)
|
0.91
|
| |
(b) Consumption
of raw materials |
49.89
|
72.02
|
284.91
|
| |
(c) Purchase
of traded products |
13.42
|
-
|
-
|
| |
(d) Staff cost |
15.52
|
11.87
|
62.51
|
| |
(e) Stores,
spare parts, loose tools and equipment consumed |
24.95
|
30.08
|
128.58
|
| |
(f)
Power and fuel |
47.71
|
48.71
|
270.61
|
| |
(g)
Other expenditure |
66.57
|
95.85
|
415.47
|
| |
Total expenditure
(2a to 2g) |
210.44
|
250.28
|
1,162.99
|
| 3 |
Operating profit |
80.98
|
76.27
|
339.15
|
| 4 |
Other income
|
3.75
|
3.67
|
231.97
|
| 5 |
Interest (net)
|
31.37
|
47
|
162.16
|
| 6 |
Gross profit
after interest but before depreciation, extraordinary
items and tax |
53.36
|
32.94
|
408.96
|
| 7 |
Depreciation |
32.88
|
33.47
|
132.84
|
| 8 |
Profit before tax and extraordinary
items |
20.48
|
(0.53)
|
276.12
|
| 9 |
Extraordinary
items |
|
|
|
| |
(a) Employees
separation compensation |
3.58
|
3.23
|
13.03
|
| |
(b) Provision
for contingencies |
-
|
-
|
77
|
| 10 |
Profit before tax (8 - 9) |
16.9
|
(3.76)
|
186.09
|
| 11 |
Provision
for tax |
3.71
|
-
|
21.14
|
| 12 |
Profit after tax (10 - 11) |
13.19
|
(3.76)
|
164.95
|
| 13 |
Paid-up equity
share capital (face value: Rs 10 per share) |
180.7
|
180.7
|
180.7
|
| 14 |
Reserves (excluding
revaluation reserves) |
|
|
1,764.74
|
| 15 |
Basic and diluted earnings per
share (not annualised) |
0.73
|
-
|
9.13
|
| 16 |
Aggregate of
non-promoter shareholding
— number of shares
— percentage of holding |
125,611,600
69.54%
|
126,543,422
70.05%
|
126,262,051
69.89%
|
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
|
|
