|
Quarterly results
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)
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Staff Cost
|
24.66
|
24.76
|
97.93
|
|
|
e)
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Stores, Spare Parts and Consumables
|
27.83
|
25.24
|
139.80
|
|
|
f)
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Power & Fuel
|
92.51
|
74.87
|
321.68
|
|
|
g)
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Freight and Forwarding Charges
|
45.18
|
41.18
|
173.02
|
|
|
h)
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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
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Numbers
|
|
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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.
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Place:
Mumbai
Date:
July 23, 2004
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Tata Chemicals Limited
Ratan N Tata
Chairman
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