|
|
 |
|
Un-audited Financial Results (Provisional) for the quarter
ended 30th June, 2005 |
|
Particulars |
Un-Audited |
Audited |
|
First Quarter Ended |
Year Ended |
| 30th June, 2005 |
30th June, 2004 |
31st March, 2005 |
| Rs. Crore |
| 1. |
Net Sales / Income from Operations-Gross of Excise Duty |
177.67 |
153.20 |
765.56 |
| |
Less : Excise Duty |
11.50 |
10.77 |
48.35 |
| |
Net Sales / Income from Operations - Net of Excise Duty |
166.17 |
142.43 |
717.21 |
| 2. |
Other Income |
2.77 |
20.07 |
53.57 |
| |
Total Income |
168.94 |
162.50 |
770.78 |
| 3. |
Total Expenditure : |
|
|
|
| |
a) (Accretion) / Decretion to Stock |
(28.01) |
21.78 |
58.80 |
| |
b) Consumption of Raw Materials |
95.87 |
44.10 |
297.45 |
| |
c) Purchase of Goods for resale |
17.78 |
13.84 |
51.17 |
| |
d) Staff cost |
16.78 |
13.16 |
52.16 |
| |
e) Other Expenditure |
41.24 |
30.12 |
152.27 |
| |
Total Expenditure |
143.66 |
123 |
611.85 |
| 4. |
Gross Profit |
25.28 |
39.50 |
158.93 |
| 5. |
Interest ( Net ) |
1.87 |
0.98 |
3.50 |
| 6. |
Depreciation |
7.38 |
6.86 |
28.17 |
| 7. |
Profit before Taxation (PBT) |
16.03 |
31.66 |
127.26 |
| 8. |
Provision for Taxation |
|
|
|
| |
Current Tax |
2.50 |
5.40 |
20.46 |
| |
Deferred Tax (Net) |
1.50 |
1.71 |
2.54 |
| |
Fringe Benefit Tax |
0.30 |
|
|
| 9. |
Net Profit after Taxation (PAT) |
11.73 |
24.55 |
104.26 |
| 10. |
Paid up Equity Share Capital |
17.85 |
17.85 |
17.85 |
| 11. |
Reserves excluding Revaluation Reserve |
|
|
393.24 |
| 12. |
Earnings per Share (EPS) - Basic and Diluted |
|
|
|
| |
-Pre split Face Value per share of Rs 10
each |
- |
13.75 |
58.41 |
| |
-Post split Face Value per share of Rs 2
each |
1.31 |
2.75 |
11.68 |
| |
(Not annualised) (Rs.per Equity Share ) |
|
|
|
|
|
|
- The Statutory Minimum Price of sugar cane for
the sugar year 2002-03 notified on December 12,
2002 at Rs 645/MT was increased to Rs 695/MT on
January 9, 2003. Since the increase was
arbitrary the same was legally challenged by the
South Indian Sugar Mills Association (of which
the Company is a member) and the matter is
pending before the Hon'ble Supreme Court of
India. Based on legal advice, pending disposal
of cases, an amount of Rs 8.26 crore has not
been provided in the accounts.
- The Equity shares of Rs 10 each of the Company
have been subdivided into 5 Equity shares of Rs
2 each with effect from June 3, 2005.
- Other Income in the corresponding quarter of
the previous year includes Rs 16.50 crore,
representing profit on sale of shares by the
Company and dividend income from its subsidiary
company.
- The Company has filed a Scheme of
Amalgamation under Sections 391 and 394 of the
Companies Act, 1956 in The High Court of
Judicature at Madras for amalgamation of its
wholly owned subsidiary Santhanalakshmi
Investments Private Limited with the Company
effective May 1, 2005.
- The Company's bid of Rs 50.20 crore for
acquiring the assets of M/s New Horizon Sugar
Mills Limited, Pondicherry under The
Securitisation and Reconstruction of Financial
Assets and Enforcement of Security Interest Act,
2002, has been confirmed by Indian Bank,
pursuant to the order of The Hon'ble High Court
of Judicature at Madras.
- The expansion programmes at the Company's
sugar facilities at Pudukottai and Pugalur and
setting up of a greenfield sanitaryware factory
at Perundurai, near Erode in Tamil Nadu are
progressing well.
- During the quarter, 4 investor complaints
were received and were resolved. There was 1
complaint at beginning of the quarter and no
complaints pending at the end of the quarter.
- The above statement of Unaudited Financial
Results (Provisional) for the quarter ended June
30, 2005 was approved by the Board of Directors
at their meeting held on July 23, 2005
- The Statutory Auditors of the Company have
carried out a Limited Review of Unaudited
Financial Results for the quarter ended June 30,
2005.
- Figures for the previous year have been
regrouped wherever necessary.
Chennai
July 23, 2005 |
On behalf of the Board
P RAMA BABU
Managing Director |
|
|
Segment Reporting under Clause
41 of the Listing Agreement with Stock Exchange for
the Quarter ended June 30, 2005 |
| |
For the
|
|
Quarter ended
and year to-date |
Year ended |
|
June 30,2005 |
June 30,2004 |
March 31, 2005 |
| Sl.No |
Particulars |
Rs. in Crore |
Rs. in Crore |
Rs. in Crore |
| |
| 1. |
Segment Revenue ( Net
Sales/Income from each Segment Gross of
Excise) |
| |
a. Sugar |
113.53 |
100.21 |
556.26 |
| b. Parryware |
63.14 |
48.56 |
195.96 |
| c. Bio-products |
2.64 |
2.13 |
20.26 |
| d. Others |
2.08 |
23.24 |
50.47 |
| Sub-total |
181.39 |
174.14 |
822.95 |
| Less : Intersegmental
Revenue |
0.95 |
0.87 |
3.82 |
| Net Sales /Income from
Operations |
180.44 |
173.27 |
819.13 |
| |
| 2. |
Segment Results ( Profit
(+)/ Loss (-) before Tax and Interest from
each segment) |
| |
a. Sugar |
9.86 |
11.21 |
70.12 |
| b. Parryware |
8.14 |
5.77 |
23.04 |
| c. Bio-products |
(1.24) |
(0.80) |
3.89 |
| Sub-total |
16.76 |
16.18 |
97.05 |
| Less : (í) Interest ( Net ) |
(1.87) |
(0.98) |
(3.50) |
| (ii) Other un-allocable
expenditure net of un-allocable income |
1.14 |
16.46 |
33.71 |
|
Total Profit Before Tax
|
16.03 |
31.66 |
127.26 |
| |
| 3. |
Capital Employed (Segment
Assets - Segment Liabilities) |
| |
a. Sugar |
404.55 |
357.28 |
346.31 |
| b. Parryware |
103.77 |
78.00 |
97.32 |
| c. Bio-products |
19.81 |
23.34 |
22.06 |
| d. Others (Including Investments) |
219.18 |
156.12 |
187.91 |
|
Total
|
747.31 |
614.74 |
653.60 |
|
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