|
|
 |
| Un-audited Financial Results (Provisional) for
the
half-year ended September 30, 2005 |
|
| Particulars |
Un-Audited |
Audited |
| Quarter
Ended |
Half-year Ended |
Year
Ended |
|
Sep 30, 2005
|
Sep 30, 2004 |
Sep 30, 2005 |
Sep 30, 2004 |
March 31, 2005 |
| Rs.
Crore |
| 1. |
Net Sales / Income from Operations-Gross of Excise Duty |
223.38 |
140.50 |
401.05 |
293.70 |
765.56 |
| |
Less : Excise Duty |
14.36 |
9.55 |
25.86 |
20.32 |
48.35 |
| |
Net Sales / Income from Operations-Net of Excise Duty |
209.02 |
130.95 |
375.19 |
273.38 |
717.21 |
| 2. |
Other Income |
20.14 |
19.03 |
22.91 |
39.10 |
53.57 |
| |
Total Income |
229.16 |
149.98 |
398.10 |
312.48 |
770.78 |
| 3. |
Total Expenditure : |
|
|
|
|
|
| |
a) (Accretion) / Decretion to Stock |
(7.82) |
(21.49) |
(35.83) |
0.29 |
58.80 |
| |
b) Consumption of Raw Materials |
109.56 |
69.03 |
205.43 |
113.13 |
297.45 |
| |
c) Purchase of Goods for resale |
21.00 |
12.82 |
38.78 |
26.66 |
51.17 |
| |
d) Staff cost |
14.76 |
13.61 |
31.54 |
26.77 |
52.16 |
| |
e) Other Expenditure |
43.83 |
37.67 |
85.07 |
67.79 |
152.27 |
| |
Total Expenditure : |
181.33 |
111.64 |
324.99 |
234.64 |
611.85 |
| 4. |
Gross Profit |
47.83 |
38.34 |
73.11 |
77.84 |
158.93 |
| 5. |
Interest ( Net ) |
2.34 |
0.55 |
4.21 |
1.53 |
3.50 |
| 6. |
Depreciation |
7.43 |
6.82 |
14.81 |
13.68 |
28.17 |
| 7. |
Profit before Taxation (PBT) |
38.06 |
30.97 |
54.09 |
62.63 |
127.26 |
| 8. |
Provision for Taxation |
|
|
|
|
|
| |
Current Tax |
6.90 |
5.37 |
9.40 |
10.77 |
20.46 |
| |
Deferred Tax (Net) |
2.67 |
0.23 |
4.17 |
1.94 |
2.54 |
| |
Fringe Benefit Tax |
0.50 |
|
0.80 |
|
|
| 9. |
Net Profit after Taxation (PAT) |
27.99 |
25.37 |
39.72 |
49.92 |
104.26 |
| 10. |
Paid up Equity Share
Capital |
17.85 |
17.85 |
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 |
|
14.21 |
|
27.97 |
58.41 |
| |
Post split face value per
share of Rs 2 each |
3.14 |
2.84 |
4.45 |
5.59 |
11.68 |
| |
(Not annualised)
(Rs.per Equity Share ) |
|
|
|
|
|
| 13. |
Aggregate of Non Promoter Shareholding |
|
|
|
|
|
| |
No of Shares |
|
|
54160560 |
10852788 |
10834562 |
| |
% of Shareholding |
|
|
60.7 |
60.8 |
60.7 |
| |
-
The results for the quarter and half
year ended September 30, 2005 include the effect of the
amalgamation of Santhanalakshmi Investments Private
Limited (wholly owned subsidiary) with the Company
effective May 1, 2005 as per the Order of the Hon'ble
High Court of Madras dated September 28, 2005.
-
The Statutory Minimum Price of sugar
cane for the sugar year 2002-03 notified on Decemeber
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 the
cases, an amount of Rs 8.26 crore has not been provided
in the accounts.
-
Other income for the previous half
year includes Rs 23.12 crore representing profit on sale
of shares, profit on sale of undertaking and one time
dividend income from subsidiary company.
-
The capital expenditure programmes at
the Company's sugar facilities
at Pudukottai and Pugalur, setting up of a greenfield
sanitaryware factory at Perundurai and the acquisition
of the assets of New Horizon Sugar Mills Limited
Pondicherry, are progressing well.
-
During the second quarter, eight
investor complaints were received and were resolved.
There were no complaints pending both at the beginning
and end of the quarter.
-
The above statement of Unaudited
Financial Results (Provisional) for the Half year ended
September 30, 2005 was approved by the Board of
Directors at their meeting held on October 20, 2005.
-
The Statutory Auditors of the Company
have carried out a Limited Review of Unaudited Financial
Results for Half - Year ended September 30, 2005.
-
Figures for the previous year have
been regrouped wherever necessary.
Chennai
On behalf of the Board
October 20, 2005
P. Rama Babu Managing Director
|
|
|
|
Segment Reporting under Clause 41 of the Listing
Agreement with Stock Exchange for the Half year ended 30th
September, 2005 |
|
Particulars
|
For the
|
|
Quarter ended |
3 Quarters ended |
Year ended |
|
Sep 30, 2005
|
Sep 30, 2004 |
Sep 30, 2005 |
Sep 30, 2004 |
March 31, 2005 |
| Rs.
Crore |
1. Segment Revenue :
( Net Sales/Income from each Segment Gross of Excise)
|
|
a. Sugar
|
158.35 |
93.02
|
271.88
|
193.23
|
556.26
|
|
b. Parryware
|
63.08
|
47.32
|
126.22
|
95.88
|
195.96
|
|
c. Bio-products
|
4.25
|
2.45
|
6.89
|
4.58
|
20.26
|
|
d.
Others
|
19.31
|
17.80
|
21.39
|
41.04
|
50.47
|
|
Sub-total
|
244.99
|
160.59
|
426.38
|
334.73
|
822.95
|
|
Less : Intersegmental Revenue
|
1.47
|
1.06
|
2.42
|
1.93
|
3.82
|
|
Net Sales/Income from Operations
|
243.52
|
159.53
|
423.96
|
332.80
|
819.13
|
2. Segment Results :
( Profit (+) / Loss (-) before Tax and Interest from each segment)
|
|
a. Sugar
|
15.12
|
12.31
|
24.98
|
23.52
|
70.12
|
|
b. Parryware
|
8.54
|
4.72
|
16.68
|
10.49
|
23.04
|
|
c. Bio-products
|
0.28
|
(0.64)
|
(0.96) |
(1.44)
|
3.89
|
|
Sub-total
|
23.94
|
16.39
|
40.70
|
32.57
|
97.05
|
|
Less : (í) Interest ( Net )
|
(2.34) |
(0.55)
|
(4.21) |
(1.53)
|
(3.50) |
|
(ii) Other un-allocable expenditure net of un-allocable income
|
16.46
|
15.13
|
17.60
|
31.59
|
33.71
|
|
Total Profit Before Tax
|
38.06
|
30.97
|
54.09
|
62.63
|
127.26
|
3. Capital Employed
(Segment Assets - Segment Liabilities)
|
|
a. Sugar
|
476.98
|
377.89
|
476.98
|
377.89
|
346.31
|
|
b. Parryware
|
118.14
|
86.70
|
118.14
|
86.70
|
97.32
|
|
c. Bio-products
|
27.19
|
26.21
|
27.19
|
26.21
|
22.06
|
|
d. Others (Including Investments)
|
203.73
|
153.38
|
203.73
|
153.38
|
187.91
|
|
Total
|
826.04
|
644.18
|
826.04
|
644.18
|
653.60
|
|
|
|
|
