|
|
 |
|
Un-audited Financial Results (Provisional) for the quarter
ended 30th June, 2006 |
|
Particulars |
Un-Audited |
Audited |
|
First Quarter Ended |
Year Ended |
| June
30, 2006 |
June
30, 2005 |
March
31, 2006 |
| Rs. Crore |
| 1. |
Net Sales / Income from Operations-Gross of Excise Duty |
176.16 |
177.67 |
978.46 |
| |
Less : Excise Duty |
6.88 |
11.50 |
52.28 |
| |
Net Sales / Income from Operations - Net of Excise Duty |
169.28 |
166.17 |
926.18 |
| 2. |
Other Income |
123.76 |
2.77 |
51.98 |
| |
Total Income |
293.04 |
168.94 |
978.16 |
| 3. |
Total Expenditure : |
|
|
|
| |
a) (Accretion) / Decretion to Stock |
(25.24) |
(28.01) |
97.88 |
| |
b) Consumption of Raw Materials |
133.84 |
95.87 |
393.62 |
| |
c) Purchase of Goods for resale |
0.36 |
17.78 |
71.85 |
| |
d) Staff cost |
8.78 |
16.78 |
56.62 |
| |
e) Other Expenditure |
28.49 |
41.24 |
180.53 |
| |
Total Expenditure |
146.23 |
143.66 |
800.50 |
| 4. |
Gross Profit |
146.81 |
25.28 |
177.66 |
| 5. |
Interest ( Net ) |
0.08 |
1.87 |
7.39 |
| 6. |
Depreciation |
7.23 |
7.38 |
29.15 |
| 7. |
Profit before Taxation (PBT) |
139.50 |
16.03 |
141.12 |
| 8. |
Provision for Taxation |
|
|
|
| |
Current Tax |
28.68 |
2.50 |
26.50 |
| |
Deferred Tax (Net) |
2.38 |
1.50 |
(2.75) |
| |
Fringe Benefit Tax |
0.14 |
0.30 |
1.53 |
| 9. |
Net Profit after Taxation (PAT) |
108.30 |
11.73 |
115.84 |
| 10. |
Paid up Equity Share Capital
(Face Value Rs 2 per Equity Share) |
17.85 |
17.85 |
17.85 |
| 11. |
Reserves excluding Revaluation Reserve |
|
|
463.19 |
| 12. |
Earnings per Share (EPS) - Basic and Diluted |
12.13 |
1.31 |
12.98 |
| |
(Not annualised) (Rs.per Equity Share ) |
|
|
|
|
|
|
| 1. |
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. |
|
|
| 2. |
On June 1, 2006 ROCA, Sanitaro, SA of Spain acquired from E.I.D.-Parry (India) Limited 432580 shares of Parryware Glamourooms Private
Limited (PGPL), as per the Business Transfer
Agreement, which has resulted in profit on sale of investments of Rs 118.12 crore, and is included in other income for the quarter. Consequent to this PGPL has become a Joint Venture Company. |
|
|
| 3. |
Current tax of Rs 28.68 crore for the quarter ended June 30, 2006 includes Rs 26.40 crore on account of capital gains arising on sale of investments referred in Note 2 above. |
|
|
| 4. |
The Cogeneration power project at Pugalur and the acquisition of the assets of New Horizon Sugar Mills Limited, Pondicherry are progressing well. |
|
|
| 5. |
In view of the Accounting Standard (AS) 15 (revised 2005) "Employee Benefits", issued by the Institute of Chartered Accountants of India which is applicable w.e.f April 1, 2006, the adjustments on account of transitional provisions will be dealt in the general reserve during the year
end. An additional charge on account of employee benefits amounting
to Rs. 0.25 crore have been provided for in the current quarter. |
|
|
| 6. |
Previous year figures include the results of
erstwhile Parryware division, and hence are not comparable with current quarter results |
|
|
| 7. |
The Board declared a special interim dividend of Rs 4.50 per share (225%) for the year
2006-07. |
|
|
| 8. |
The Company acquired the entire equity share capital of Parry Nutraceuticals Limited in July, 2006 |
|
|
| 9. |
During the quarter, 1 investor complaint was received and resolved. There was no complaint pending both at beginning and end of the quarter. |
|
|
| 10. |
The above statement of Unaudited Financial Results (Provisional) for the quarter ended June 30, 2006 was approved by the Board of Directors at their meeting held on July 19, 2006 |
|
|
| 11. |
The Statutory Auditors of the Company have carried out a Limited Review of Unaudited Financial Results for the quarter ended June 30, 2006. |
|
|
| 12. |
Figures for the previous year have been regrouped wherever necessary. |
|
Chennai
July 19, 2006 |
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, 2006 |
| |
For the
|
|
Quarter ended
and year to-date |
Year ended |
|
June 30,2006 |
June 30,2005 |
March 31, 2006 |
| 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 |
178.84 |
113.53 |
729.14 |
| b. Parryware |
0.00 |
63.14 |
232.48 |
| c. Bio-products |
2.33 |
2.64 |
25.66 |
| d. Others |
120.72 |
2.08 |
47.67 |
| Sub-total |
301.89 |
181.39 |
1034.95 |
| Less : Intersegmental
Revenue |
1.97 |
0.95 |
4.51 |
| Net Sales /Income from
Operations |
299.92 |
180.44 |
1030.44 |
| |
| 2. |
Segment Results ( Profit
(+)/ Loss (-) before Tax and Interest from
each segment) |
| |
a. Sugar |
23.95 |
9.86 |
79.67 |
| b. Parryware |
0.00 |
8.14 |
29.62 |
| c. Bio-products |
(1.87) |
(1.24) |
4.21 |
| Sub-total |
22.08 |
16.76 |
113.50 |
| Less : (í) Interest ( Net ) |
(0.08) |
(1.87) |
(7.39) |
| (ii) Other un-allocable
expenditure net of un-allocable income |
117.50 |
1.14 |
35.01 |
|
Total Profit Before Tax
|
139.50 |
16.03 |
141.12 |
| |
| 3. |
Capital Employed (Segment
Assets - Segment Liabilities) |
| |
a. Sugar |
373.59 |
404.55 |
400.82 |
| b. Parryware |
0.00 |
103.77 |
0.00 |
| c. Bio-products |
27.96 |
19.81 |
32.42 |
| d. Others (Including Investments) |
473.50 |
219.18 |
350.85 |
|
Total
|
875.05 |
747.31 |
784.09 |
|
|
|
|
|
