|
Quarterly results
Audited financial results for the
year ended March 31, 2005
|
(Rs in crores)
|
|
|
Particulars
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Unaudited
|
Audited
|
|
Nine Months ended 31 December, 2004
|
Quarter ended 31 March, 2005
|
Corresponding Quarter in the Previous
Year
|
Year ended 31 March, 2005
|
Year ended 31 March, 2004
|
|
1
|
Sales / Income from Operations
|
2,370.81
|
752.60
|
593.29
|
3,123.41
|
2,652.73
|
|
|
Less : Excise Duty
|
82.23
|
33.04
|
28.13
|
115.27
|
108.58
|
|
|
Net Sales/ Income from Operations
|
2,288.58
|
719.56
|
565.16
|
3,008.14
|
2,544.15
|
|
2
|
Expenditure
|
|
|
|
|
|
|
|
a)
|
Decrease / (Increase) in stock-in-trade
|
128.94
|
(87.89)
|
(55.87)
|
41.05
|
(21.68)
|
|
|
b)
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Consumption of Raw Materials
|
803.10
|
319.08
|
254.10
|
1,122.18
|
975.47
|
|
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c)
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Cost of Traded Goods
|
179.47
|
57.09
|
23.00
|
236.56
|
157.50
|
|
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d)
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Staff Cost
|
78.42
|
28.01
|
24.20
|
106.43
|
97.93
|
|
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e)
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Stores, Spare Parts and Consumables
|
96.81
|
47.79
|
63.32
|
144.60
|
139.80
|
|
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f)
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Power & Fuel
|
281.97
|
99.10
|
77.29
|
381.07
|
321.68
|
|
|
g)
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Freight and Forwarding Charges
|
148.95
|
49.40
|
35.28
|
198.35
|
173.02
|
|
|
h)
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Other Expenditure
|
188.77
|
73.60
|
69.51
|
262.37
|
240.64
|
|
|
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Total Expenditure (2a to 2h)
|
1,906.43
|
586.18
|
490.83
|
2,492.61
|
2,084.36
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|
3
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Profit from Operations (1-2)
|
382.15
|
133.38
|
74.33
|
515.53
|
459.79
|
|
4
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Other Income
|
59.32
|
11.55
|
5.53
|
70.87
|
38.85
|
|
5
|
Interest on Refunds of Tax
|
22.75
|
8.12
|
6.29
|
30.87
|
38.26
|
|
6
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Interest Expense (net)
|
19.29
|
5.28
|
7.96
|
24.57
|
50.91
|
|
7
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Profit after Interest but before Depreciation,
|
|
|
|
|
|
|
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Exceptional Items and Tax (3+4+5-6)
|
444.93
|
147.77
|
78.19
|
592.70
|
485.99
|
|
8
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Depreciation
|
102.54
|
35.16
|
36.26
|
137.70
|
144.15
|
|
9
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Profit before Exceptional Items and
Tax (7-8)
|
342.39
|
112.61
|
41.93
|
455.00
|
341.84
|
|
10
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Exceptional Items
|
|
|
|
|
|
|
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Employees' Separation Compensation
|
1.47
|
0.59
|
0.88
|
2.06
|
15.76
|
|
11
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Profit before Tax (9-10)
|
340.92
|
112.02
|
41.05
|
452.94
|
326.08
|
|
12
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Taxes
|
111.50
|
0.89
|
11.40
|
112.39
|
105.55
|
|
13
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Profit after Tax (11-12)
|
229.42
|
111.13
|
29.65
|
340.55
|
220.53
|
|
14
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Paid up Equity Share Capital
|
|
|
|
|
|
|
|
(Face value : Rs. 10 per Share)
|
215.16
|
215.16
|
215.16 *
|
215.16
|
215.16 *
|
|
15
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Reserves excluding Revaluation Reserves
|
|
|
|
1,784.02
|
1,820.18
|
|
16
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Earnings - Rs. per Share (not annualised)
|
|
|
|
|
|
|
|
- Basic
|
10.66
|
5.16
|
1.38
|
15.84
|
10.25
|
|
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- Diluted
|
10.66
|
4.78
|
1.38
|
15.53
|
10.25
|
|
17
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Aggregate of Non-Promoter Shareholding
|
|
|
|
|
|
|
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- Number of Shares
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156,894,617
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156,893,639
|
160,214,769
|
156,893,639
|
160,214,769
|
|
|
- Percentage of shareholding
|
72.94%
|
72.94%
|
74.48%
|
72.94%
|
74.48%
|
| *
After adjustment of Rs 34.46 crores for shares issued
to the shareholders of erstwhile Hind Lever Chemicals
Limited |
Segmentwise revenue, results and capital employed
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(Rs in crores)
|
|
|
Particulars
|
Nine Months ended 31 December, 2004
|
Quarter ended 31 March, 2005
|
Corresponding Quarter in the Previous
Year
|
Year ended 31 March, 2005
|
Year ended 31 March, 2004
|
| 1 |
Segment Revenue
|
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
815.67
|
319.65
|
262.90
|
1,135.32
|
1,012.14
|
|
|
b. Fertilisers
|
1,472.91
|
399.91
|
307.16
|
1,872.82
|
1,551.75
|
|
|
Total
|
2,288.58
|
719.56
|
570.06
|
3,008.14
|
2,563.89
|
|
|
Less : Inter segment revenue
|
-
|
-
|
4.90
|
-
|
19.74
|
|
|
Net Sales / Income from Operations
|
2,288.58
|
719.56
|
565.16
|
3,008.14
|
2,544.15
|
|
2
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Segment Result
|
|
|
|
|
|
|
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Profit / (Loss) before Tax and Interest
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
152.83
|
69.45
|
35.64
|
222.28
|
205.64
|
|
|
b. Fertilisers
|
159.20
|
48.59
|
14.08
|
207.79
|
151.90
|
|
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Total
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312.03
|
118.04
|
49.72
|
430.07
|
357.54
|
|
|
Less :
|
|
|
|
|
|
|
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(i) Interest - net
|
19.29
|
5.28
|
7.96
|
24.57
|
50.91
|
|
|
(ii) Unallocable income net of
|
(48.18)
|
0.74
|
0.71
|
(47.44)
|
(19.45)
|
|
|
unallocable expenditure
|
|
|
|
|
|
|
|
Profit before Tax
|
340.92
|
112.02
|
41.05
|
452.94
|
326.08
|
|
3
|
Capital Employed
|
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
797.59
|
876.78
|
894.30
|
876.78
|
894.30
|
|
|
b. Fertilisers
|
1,247.73
|
1,238.54
|
1,464.76
|
1,238.54
|
1,464.76
|
Notes:
- During the quarter, the Board approved
an investment of Rs 166 crore for a 1/3rd equity
stake in Indo Maroc Phosphore S.A. (IMACID), Morocco, a
phosphoric acid manufacturer. Consequently the company has
acquired the shares on May 2, 2005, from the two existing
JV partners.
- During the quarter the company has issued
Foreign Currency Convertible Bonds (FCCBs) aggregating to
US$150 million with a coupon rate of 1 per cent per annum.
- The amounts debited to Securities Premium
Account are (a) Rs 13.90 crore towards FCCB issue expenses,
and (b) Rs 137.03 crore towards provision for premium payable
on redemption of FCCBs.
- Status of complaints received
from investors during the quarter, complaints resolved and
those pending are as follows:
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Particulars of Complaints
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Numbers
|
|
Outstanding as on 1 January, 2005
|
8
|
|
Received during the quarter
|
12
|
|
Resolved during the quarter
|
17
|
|
Outstanding as on 31 March, 2005
|
3
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|
|
- The Directors have recommended payment
of dividend at Rs 6.50 per share of face value Rs 10/- each
aggregating Rs 158.09 crore including dividend tax for the
year 2004-05 (previous year Rs 133.47 crore @ Rs 5.50 per
share).
- The previous period figures have been
regrouped/rearranged wherever necessary.
This has been taken on record in the board
meeting of date.
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Place:
Mumbai
Date:
May 31, 2005
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Tata Chemicals Limited
Ratan N Tata
Chairman
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