|
Quarterly results
Standalone
audited financial results for the year ended March 31, 2006
|
(Rs. in Crores)
|
|
|
Particulars
|
Unaudited
|
Audited
|
|
Nine months ended 31 december, 2005
|
Quarter ended 31
March, 2006
|
Corresponding
quarter in the
previous year
|
Year ended 31 March, 2006
|
Year ended 31 March, 2005
|
|
1
|
Sales / income from operations
|
2,863.01
|
789.85
|
752.60
|
3,652.86
|
3,123.41
|
|
|
Less: Excise duty
|
98.62
|
36.76
|
33.04
|
135.38
|
115.27
|
|
|
Net sales / income from operations
|
2,764.39
|
753.09
|
719.56
|
3,517.48
|
3,008.14
|
|
2
|
Expenditure
|
|
|
|
|
|
|
|
a)
|
Decrease / (increase) in stock-in-trade
|
(34.59)
|
(52.85)
|
(87.89)
|
(87.44)
|
41.05
|
|
|
b)
|
Consumption of raw materials
|
1,088.05
|
307.73
|
319.08
|
1,395.78
|
1,122.18
|
|
|
c)
|
Cost of traded goods
|
361.30
|
96.40
|
57.09
|
457.70
|
236.56
|
|
|
d)
|
Staff cost
|
88.26
|
33.61
|
28.01
|
121.87
|
106.43
|
|
|
e)
|
Stores, spare parts and consumables
|
130.09
|
62.77
|
47.79
|
192.86
|
144.60
|
|
|
f)
|
Power and fuel
|
245.57
|
75.26
|
99.10
|
320.83
|
381.07
|
|
|
g)
|
Freight and forwarding charges
|
174.36
|
51.03
|
49.40
|
225.39
|
198.35
|
|
|
h)
|
Other expenditure
|
233.06
|
75.40
|
73.60
|
308.46
|
262.37
|
|
|
|
Total expenditure (2a to 2h)
|
2,286.10
|
649.35
|
586.18
|
2,935.45
|
2,492.61
|
|
3
|
Profit from operations (1-2)
|
478.29
|
103.74
|
133.38
|
582.03
|
515.53
|
|
4
|
Other income
|
51.55
|
4.63
|
11.55
|
56.18
|
70.87
|
|
5
|
Interest on refunds of tax
|
5.53
|
20.04
|
8.12
|
25.57
|
30.87
|
|
6
|
Interest expense (net)
|
8.37
|
0.92
|
5.28
|
9.29
|
24.57
|
|
7
|
Profit after interest but before depreciation,
Exceptional items and tax (3+4+5-6)
|
527.00
|
127.49
|
147.77
|
654.49
|
592.70
|
|
8
|
Depreciation
|
103.27
|
35.66
|
35.16
|
138.93
|
137.70
|
|
9
|
Profit before exceptional items and
tax (7-8)
|
423.73
|
91.83
|
112.61
|
515.56
|
455.00
|
|
10
|
Exceptional items
|
|
|
|
|
|
| |
Employees'
Separation Compensation |
2.69
|
2.00
|
0.59
|
4.69
|
2.06
|
|
11
|
Profit before tax (9-10)
|
421.04
|
89.83
|
112.02
|
510.87
|
452.94
|
|
12
|
Taxes
|
|
|
|
|
|
|
|
|
- Current (including fringe benefit tax)
|
154.97
|
33.30
|
41.07
|
188.27
|
162.14
|
|
|
|
- Deferred - net
|
(22.54)
|
(7.89)
|
(40.18)
|
(30.43)
|
(49.75)
|
|
13
|
Profit after tax (11-12)
|
288.61
|
64.42
|
111.13
|
353.03
|
340.55
|
|
14
|
Paid up equity share capital (Face value:
Rs. 10 per Share)
|
215.16
|
215.16
|
215.16
|
215.16
|
215.16
|
|
15
|
Reserves excluding revaluation reserves
|
|
|
|
1,952.54
|
1,782.68
|
|
16
|
Earnings - Rs. per share (not annualised)
|
|
|
|
|
|
|
|
- Basic
|
13.42
|
2.99
|
5.16
|
16.41
|
15.83
|
|
|
- Diluted
|
12.01
|
2.70
|
4.78
|
14.71
|
15.53
|
|
17
|
Aggregate of non-promoter shareholding
|
|
|
|
|
|
|
|
- Number of shares
|
153,535,594
|
153,535,594
|
156,893,639
|
153,535,594
|
156,893,639
|
|
|
- Percentage of shareholding
|
71.38%
|
71.38%
|
72.94%
|
71.38%
|
72.94%
|
Segmentwise
revenue, results and capital employed
|
(Rs. in Crores)
|
|
|
Particulars
|
Nine months ended 31 december, 2005
|
Quarter ended 31
March, 2006
|
Corresponding
quarter in the
previous year
|
Year ended 31 March, 2006
|
Year ended 31 March, 2005
|
|
1
|
Segment revenue
|
|
|
|
|
|
|
|
a. Inorganic chemicals
|
952.61
|
373.95
|
319.65
|
1,326.56
|
1,135.32
|
|
|
b. Fertilisers
|
1,811.78
|
379.14
|
399.91
|
2,190.92
|
1,872.82
|
|
|
Total
|
2,764.39
|
753.09
|
719.56
|
3,517.48
|
3,008.14
|
|
|
Less: Inter segment revenue
|
-
|
-
|
-
|
-
|
-
|
|
|
Net sales / income from operations
|
2,764.39
|
753.09
|
719.56
|
3,517.48
|
3,008.14
|
|
2
|
Segment result
|
|
|
|
|
|
|
|
Profit / (loss) before tax and interest
|
|
|
|
|
|
|
a. Inorganic chemicals
|
256.00
|
65.38
|
69.45
|
321.38
|
222.28
|
|
|
b. Fertilisers
|
188.56
|
12.10
|
48.59
|
200.66
|
207.79
|
|
|
Total
|
444.56
|
77.48
|
118.04
|
522.04
|
430.07
|
|
|
Less:
|
|
|
|
|
|
|
|
(i) Interest - net
|
8.37
|
0.92
|
5.28
|
9.29
|
24.57
|
|
|
(ii) Unallocable income net of unallocable
expenditure
|
15.15
|
(13.27)
|
0.74
|
1.88
|
(47.44)
|
|
|
Profit before tax
|
421.04
|
89.83
|
112.02
|
510.87
|
452.94
|
|
3
|
Capital employed
|
|
|
|
|
|
|
|
a. Inorganic chemicals
|
900.54
|
919.24
|
876.78
|
919.24
|
876.78
|
|
|
b. Fertilisers
|
1,342.52
|
1,461.74
|
1,238.54
|
1,461.74
|
1,238.54
|
Consolidated Audited Financial
Results for the Year ended 31st March, 2006
|
(Rs. in Crores)
|
|
|
Particulars
|
Consolidated
|
|
Year ended 31 March, 2005
|
|
1
|
Sales / income from operations
|
4,164.39
|
|
|
Less: Excise duty
|
135.38
|
|
|
Net sales / income from operations
|
4,029.01
|
|
2
|
Expenditure
|
|
|
|
a)
|
Decrease / (increase) in stock-in-trade
|
(101.39)
|
|
|
b)
|
Consumption of raw materials
|
1,466.02
|
|
|
c)
|
Cost of traded goods
|
461.86
|
|
|
d)
|
Staff cost
|
148.86
|
|
|
e)
|
Stores, spare parts and consumables
|
205.64
|
|
|
f)
|
Power and fuel
|
422.29
|
|
|
g)
|
Freight and forwarding charges
|
311.22
|
|
|
h)
|
Other expenditure
|
378.48
|
|
|
|
Total expenditure (2a to 2h)
|
3,292.98
|
|
3
|
Profit from operations (1-2)
|
3,292.98
|
|
4
|
Other income
|
56.18
|
|
5
|
Interest on refunds of tax
|
25.57
|
|
6
|
Interest expense (net)
|
28.40
|
|
7
|
Profit after interest but before depreciation,
Exceptional items and tax (3+4+5-6)
|
789.38
|
|
8
|
Depreciation
|
184.04
|
|
9
|
Profit before exceptional items and
tax (7-8)
|
605.34
|
|
10
|
Exceptional items
|
|
| |
Employees'
Separation Compensation |
4.69
|
|
11
|
Profit before tax (9-10)
|
600.65
|
|
12
|
Taxes
|
|
|
|
|
- Current (including fringe benefit tax)
|
202.74
|
|
|
|
- Deferred - net
|
(30.43)
|
|
13
|
Profit after tax (11-12)
|
428.34
|
|
14
|
Paid up equity share capital (Face value:
Rs. 10 per Share)
|
215.16
|
|
15
|
Reserves excluding revaluation reserves
|
2,004.19
|
|
16
|
Earnings - Rs. per share (not annualised)
|
|
|
|
- Basic
|
19.91
|
| |
-
Diluted |
17.80
|
| Notes :
|
 |
The consolidated
financial results have been prepared in accordance with
generally accepted accounting principles and comply with
the Accounting Standard – 21 on Consolidated Financial
Statements and Accounting Standard – 27 on Financial
Reporting of Interests in Joint Ventures, issued by the
Institute of Chartered Accountants of India. As this is
the first year that consolidated financial results have
been prepared, comparative figures are not presented. |
|
The consolidated
financial results reflect the operations of BMGL from
January 1, 2006 upto March 31, 2006. In case of IMACID,
a joint venture, the results considered for the purpose
of consolidation are for the period from May 1, 2005 to
March 31, 2006. |
|
|
In the consolidated financial statements
staff costs are net of write back of Rs 31.35 crores
of pension liabilities in an overseas subsidiary, consequent
to actuarial valuation.
|
Notes:
- During
the quarter the wholly owned overseas subsidiary acquired
the balance 36.5% of the share capital of Brunner Mond Group
Limited (BMGL) under an open offer, for a consideration
of Rs.290 crores, thereby becoming a wholly owned subsidiary
of the Company.
- Status
of investor complaints for the quarter ended March 31, 2006:
|
Particulars of complaints
|
Numbers
|
|
Outstanding
|
Nil
|
|
Received
|
9
|
|
Resolved
|
6
|
|
Closing
|
3
|
|
|
- The
Directors have recommended payment of dividend at Rs.7 per
share aggregating to Rs.171.69 crores (previous year R 159.43
crores @ Rs 6.50 per share) including dividend tax.
- 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:
May
30, 2005
|
Tata
Chemicals Limited
Ratan Tata
Chairman
|
|
