| Particulars |
Stand-alone Company Accounts |
Consolidated Financials |
| Un-audited |
Audited |
Audited |
| 9 Months ended |
Quarter ended |
Year ended |
Year ended |
Year ended |
| Dec, 31
2005 |
March 31,
2006 |
March 31,
2005 |
March 31,
2006 |
March 31,
2005 |
March 31,
2006 |
March 31,
2005 |
| Rs. Crore |
| 1. |
Net Sales / Income from Operations-Gross of Excise Duty |
624.09 |
354.37 |
282.69 |
978.46 |
765.56 |
2982.50 |
2317.96 |
| Less : Excise Duty |
(38.74) |
(13.54) |
(15.88) |
(52.28) |
(48.35) |
(90.13) |
(81.27) |
| Net Sales / Income from Operations-Net of Excise Duty |
585.35 |
340.83 |
266.81 |
926.18 |
717.21 |
2892.37 |
2236.69 |
| 2. |
Other Income |
48.64 |
3.34 |
9.23 |
51.98 |
53.57 |
52.27 |
63.61 |
| |
Total Income |
633.99 |
344.17 |
276.04 |
978.16 |
770.78 |
2944.64 |
2300.30 |
| 3. |
Total Expenditure : |
| |
a) (Accretion) / Decretion to Stock |
14.67 |
83.21 |
19.22 |
97.88 |
58.80 |
60.25 |
56.75 |
| b) Consumption of Raw Materials |
257.19 |
136.43 |
130.87 |
393.62 |
297.45 |
1683.28 |
1219.90 |
| c) Purchase of Goods for resale |
60.31 |
11.54 |
13.17 |
71.85 |
51.17 |
278.64 |
219.98 |
| d) Staff cost |
45.26 |
11.36 |
12.43 |
56.62 |
52.16 |
111.18 |
101.07 |
| e) Other Expenditure |
135.42 |
45.11 |
48.37 |
180.53 |
152.27 |
465.24 |
407.36 |
| Total Expenditure : |
512.85 |
287.65 |
224.06 |
800.50 |
611.85 |
2598.59 |
2005.06 |
| 4. |
Gross Profit |
121.14 |
56.52 |
51.98 |
177.66 |
158.93 |
346.05 |
295.24 |
| 5. |
Interest (Net) |
6.47 |
0.92 |
0.86 |
7.39 |
3.50 |
21.99 |
9.77 |
| 6. |
Depreciation |
22.36 |
6.79 |
7.24 |
29.15 |
28.17
|
66.81 |
63.40 |
| 7. |
Profit before Taxation |
92.31 |
48.81 |
43.88 |
141.12 |
127.26 |
257.25 |
222.07 |
| 8. |
Provision for Taxation |
| |
Current Tax |
12.10 |
14.40 |
8.46
|
26.50 |
20.46 |
70.21 |
47.79 |
| Deferred Tax (Net) |
6.85 |
(9.60) |
(1.12) |
(2.75) |
2.54
|
(2.44) |
5.01 |
| Fringe Benefit Tax |
1.20 |
0.33 |
|
1.53 |
|
2.75 |
|
| 9. |
Net Profit after Taxation (PAT) before
Minority Interest and Share of Profit/[loss] from
Associate Companies |
72.16 |
43.68 |
36.54 |
115.84 |
104.26 |
186.73 |
169.27 |
| 10. |
Share of Profit/ [loss]
from Associate Companies |
|
10.65 |
7.84 |
| 11. |
Minority Interest |
|
|
|
|
|
25.88 |
22.40 |
| 12. |
Net Profit after Taxation (PAT) after Minority Interest and share of
Profit / (Loss) from Associate Companies |
|
171.50 |
154.71 |
| 13. |
Paid up Equity Share
Capital [Face Value-Rs.2 per Equity Share] |
17.85
|
17.85 |
17.85 |
17.85 |
17.85 |
17.85 |
17.85 |
| 14. |
Reserves excluding
Revaluation Reserve |
|
463.19 |
393.24 |
692.78 |
572.01 |
| 15. |
Earnings per Share [EPS} -
Basic and Diluted |
|
96.08 |
|
| |
Pre split face
value per share of Rs.10 each |
20.47 |
|
58.41 |
|
86.67 |
| Post split
face value per share of Rs.2 each |
8.09 |
4.89 |
4.09 |
12.98 |
11.68 |
19.22 |
17.33 |
| [Not
annualised] [Rs. per Equity Share] |
| 16. |
Aggregate of Non-promoter Shareholding |
| Number of Shares |
|
|
|
54166060 |
10834562 |
54166060 |
10834562 |
| % of Shareholding |
|
|
|
60.69 |
60.70 |
60.69 |
60.70 |
| |
| 1 |
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. |
|
|
| 2 |
The results for the year ended March 31, 2006 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 |
|
|
| 3 |
Pursuant to the approval of the shareholders and as per the terms of the Business Transfer Agreement entered into between the Company and its wholly owned subsidiary Parryware Glamourooms Private Limited (PGPL), the Company has transferred on slump sale basis the business undertaking of Parryware to PGPL effective March 1, 2006 as a going concern for Rs 160.66 Crore. Profit after Tax of Rs 115.84 crore for the year includes Rs 17.43 Crore relating to the Parryware business for the 11 months. |
|
|
| 4 |
The Cogeneration power plant at Pudukottai has started commercial production in March, 2006. |
|
|
| 5 |
The Cogeneration power project at Pugalur and the acquisition of the assets of New Horizon Sugar Mills Limited, Pondicherry are progressing well. |
|
|
| 6 |
Other income for the year includes Rs 22.85 crore being profit on sale of investments and in the previous year Rs 23.18 crore representing income from sale of undertakings/shares held by the Company and its subsidiary company. |
|
|
| 7 |
The above Audited Financial results for the year ended March 31, 2006 for the company and the Consolidated Financial results of the Company prepared as per the Accounting Standards AS-21,AS-23 & AS-27 with its
Subsidiaries / Associates / Joint Venture were reviewed by the Audit Committee and were approved by the Board of Directors at their meeting held on April 24, 2006. |
|
|
| 8 |
The Board of Directors have recommended an equity dividend of 225% ( Rs 4.50 per share) for the year ended March 31, 2006. This includes one time dividend of 90% (Rs 1.80 per share). |
|
|
| 9 |
During the quarter, 5 investor complaints were received and were resolved. There were no complaints pending both at the beginning and end of the quarter. |
|
|
|
Chennai
April 24, 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 Year ended March 31,
2006
|
|
Particulars
|
Unaudited
|
Unaudited
|
Audited
|
Consolidated Financials
|
|
Nine Months ended
|
Quarter ended
|
Year Ended
|
Year Ended
|
|
Dec 31, 2005
|
March 31, 2006
|
March 31, 2005
|
March 31, 2006
|
March 31, 2005
|
March 31, 2006
|
March 31, 2005
|
|
1. Segment Revenue :
|
|
( Net Sales/Income from each Segment Gross of Excise)
|
|
a. Farm Inputs
|
|
|
|
|
|
1898.53
|
1568.34
|
|
b. Sugar
|
424.06
|
305.08
|
228.65
|
729.14
|
556.26
|
827.72
|
542.12
|
|
c.
Parryware
|
190.72
|
41.76
|
50.80
|
232.48*
|
195.96
|
252.11
|
195.83
|
|
d.
Bio-products
|
14.42
|
11.24
|
8.72
|
25.66
|
20.26
|
21.46
|
22.31
|
|
e. Others
|
46.43
|
1.24
|
5.35
|
47.67
|
50.47
|
39.46
|
56.79
|
|
Sub-total
|
675.63
|
359.32
|
293.52
|
1034.95
|
822.95
|
3039.28
|
2385.39
|
|
Less : Intersegmental Revenue
|
2.9
|
1.61
|
1.60
|
4.51
|
3.82
|
4.51
|
3.82
|
|
Net Sales / Income from Operations
|
672.73
|
357.71
|
291.92
|
1030.44
|
819.13
|
3034.77
|
2381.57
|
|
|
|
2. Segment Results :
|
|
( Profit (+)/ Loss (-) before Tax and Interest from each segment)
|
|
a. Farm Inputs
|
|
|
|
|
|
125.91
|
96.47
|
|
b. Sugar
|
33.04
|
46.63
|
33.61
|
79.67
|
70.12
|
93.48
|
73.77
|
|
c.
Parryware
|
24.99
|
4.63
|
7.44
|
29.62*
|
23.04
|
32.51
|
23.30
|
|
d.
Bio-products
|
1.09
|
3.12
|
4.09
|
4.21
|
3.89
|
0.60
|
4.05
|
|
Sub-total
|
59.12
|
54.38
|
45.14
|
113.50
|
97.05
|
252.50
|
197.59
|
|
Less : (í) Interest ( Net )
|
(6.47)
|
(0.92)
|
(0.86)
|
(7.39)
|
(3.50)
|
(21.99)
|
(9.77)
|
|
(ii) Other un-allocable expenditure net of un-allocable income
|
39.66
|
(4.65)
|
(0.40)
|
35.01
|
33.71
|
23.55
|
31.20
|
|
Add: Share in Joint Venture
|
|
|
|
|
|
3.19
|
3.05
|
|
Total Profit Before Tax
|
92.31
|
48.81
|
43.88
|
141.12
|
127.26
|
257.25
|
222.07
|
|
* Figures are for the period April 1, 2005 to February 28, 2006
|
|
|
|
3. Capital Employed
|
|
(Segment Assets - Segment Liabilities)
|
|
a. Farm Inputs
|
|
|
|
|
|
825.99
|
641.98
|
|
b. Sugar
|
441.24
|
400.82
|
346.31
|
400.82
|
346.31
|
400.82
|
401.99
|
|
c.
Parryware
|
143.38
|
|
97.32
|
|
97.32
|
169.18
|
97.32
|
|
d.
Bio-products
|
30.8
|
32.42
|
22.06
|
32.42
|
22.06
|
30.54
|
23.85
|
|
e. Others (including investments)
|
188.11
|
350.85
|
187.91
|
350.85
|
187.91
|
247.56
|
221.64
|
|
Add: Share in Joint Venture
|
|
|
|
|
|
(1.16)
|
0.37
|
|
Total
|
803.53
|
784.09
|
653.60
|
784.09
|
653.60
|
1672.93
|
1387.15
|
