|
Quarterly results
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
|
|
