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Audited Financial Results for the Year ended March 31, 2005
Particulars
Stand-alone Company Accounts
Consolidated Financials
Un-audited
Audited
Audited
9 Months ended
Quarter ended
Year ended
Year ended
Year ended
Dec, 31 2004
March 31, 2005
March 31, 2004
March 31, 2005
March 31, 2004
March 31, 2005
March 31, 2004
Rs. Crore
1.
Net Sales / Income from Operations-Gross of Excise Duty
482.87
282.69
206.34
765.56
606.98
2317.96
1783.41
Less : Excise Duty
(32.47)
(15.88)
(13.95)
(48.35)
(46.28)
(81.27)
(70.19)
Net Sales / Income from Operations-Net of Excise Duty
450.40
266.81
192.39
717.21
560.70
2236.69
1713.22
2.
Other Income
44.34
9.23
6.08
53.57
34.47
63.61
38.22
Total Income
494.74
276.04
198.47
770.78
595.17
2300.30
1751.44
3.
Total Expenditure :
a) (Accretion) / Decretion to Stock
39.58
19.22
1.83
58.80
1.94
56.75
(26.53)
b) Consumption of Raw Materials
166.58
130.87
100.34
297.45
274.22
1219.90
953.73
c) Purchase of Goods for resale
38.00
13.17
10.14
51.17
38.55
219.98
138.48
d) Staff cost
39.73
12.43
12.52
52.16
58.63
101.07
105.58
e) Other Expenditure
103.90
48.37
40.63
152.27
130.64
407.36
369.65
Total Expenditure :
387.79
224.06
165.46
611.85
503.98
2005.06
1540.91
4.
Gross Profit
106.95
51.98
33.01
158.93
91.19
295.24
210.53
5.
Interest ( Net )
2.64
0.86
1.35
3.50
7.53
9.77
36.85
6.
Depreciation
20.93
7.24
7.69
28.17
30.37
63.40
63.06
7.
Profit before Taxation
83.38
43.88
23.97
127.26
53.29
222.07
110.62
8.
Provision for Taxation
Current Tax
12.00
8.46
4.50
20.46
6.90
47.79
35.42
Deferred Tax (Net)
3.66
(1.12)
(3.34)
2.54
3.16
5.01
0.53
9.
Net Profit after Taxation (PAT) before
Minority Interest and Share of Profit/[loss] from
Associate Companies
67.72
36.54
22.81
104.26
43.23
169.27
74.67
10.
Share of Profit/ [loss]
from Associate Companies
7.84
2.62
11.
Minority Interest
22.40
13.71
12.
Net Profit after Taxation (PAT) after Minority Interest and share of
Profit / (Loss) from Associate Companies
154.71
63.58
13.
Paid up Equity Share
Capital [Face Value-Rs.10 per Equity Share]
17.85
17.85
17.85
17.85
17.85
17.85
17.85
14.
Reserves excluding
Revaluation Reserve
393.24
314.42
572.01
446.36
15.
Earnings per Share [EPS} -
Basic and Diluted [Not annualised] [Rs.per Equity Share]
37.94
20.47
12.78
58.41
24.22
86.67
35.62
16.
Aggregate of Non-promoter Shareholding
Number of Shares
10834562
10936126
10834562
10936126
% of Shareholding
60.7
61.2
60.7
61.2
The Statutory Minimum price of sugar cane for the sugar year 2002 -2003 of Rs 695/MT notified by
the Central Government on 9th January, 2003 has been legally challenged by the South Indian Sugar Mills Association (of which the Company is a
member), and the matter is sub-judice. Based on legal advice, pending disposal of the cases, no provision has been considered
in the above results.
The above Audited Financial results for the year ended March 31, 2005 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 28, 2005.
The Board of Directors have recommended an equity dividend of Rs 12.5 per share (125 %) for the year ended March 31, 2005
During the fourth quarter, 5 investor complaints were received of which 4 complaints were resolved. The pending complaint was
resolved on April 2, 2005. There were no complaints pending at the beginning of the quarter.
The Board of Directors have approved a Scheme proposing amalgamation of its subsidiary, Santhanalakshmi Investments Private Limited with the Company with effect from May 1, 2005 subject to the approval of relevant authorities.
The Board of Directors have fixed June 3, 2005 as record date for subdivision of equity shares of the Company ( 1 Equity of Rs 10 each into 5 equity shares of Rs 2 each), for which necessary approvals have been obtained from the Shareholders.
The Pudukottai sugar factory expansion programme and setting up of Co-generation facility are progressing as planned. The Pugalur Co-generation facility is awaiting clearance from Tamil Nadu Pollution Control Board. The New green field sanitaryware project at Perundurai near Erode in Tamil Nadu is progressing as per Schedule.
The Company's bid for acquisition of assets of New Horizon Sugar Mills Limited , Pondicherry, which has been accepted by Indian Bank, is subject to confirmation by the The Hon'ble High Court of Madras.
Chennai
On behalf of the Board April 28,
2005
P. Rama Babu Managing Director
Segment Reporting under Clause 41 of the Listing Agreement with Stock Exchange for the Year ended March 31, 2005
Particulars
Unaudited
Unaudited
Audited
Consolidated Financials
Nine Months ended
Quarter ended
Year Ended
Year Ended
Dec 31, 2004
March 31, 2005
March 31, 2004
March 31, 2005
March 31, 2004
March 31, 2005
March 31, 2004
1. Segment Revenue :
( Net Sales/Income from each Segment Gross of Excise)
a. Farm Inputs
1568.34
1242.32
b. Sugar
327.61
228.65
151.92
556.26
420.01
542.12
355.62
c.
Parryware
145.16
50.80
40.25
195.96
159.93
195.83
159.57
d.
Bio-products
11.54
8.72
11.36
20.26
16.01
22.31
15.47
e. Others
45.12
5.35
10.45
50.47
51.27
56.79
54.42
Sub-total
529.43
293.52
213.98
822.95
647.22
2385.39
1827.40
Less : Intersegmental Revenue
2.22
1.60
1.56
3.82
5.77
3.82
5.77
Net Sales / Income from Operations
527.21
291.92
212.42
819.13
641.45
2381.57
1821.63
2. Segment Results :
( Profit (+)/ Loss (-) before Tax and Interest from each segment)
a. Farm Inputs
96.47
98.62
b. Sugar
36.51
33.61
20.65
70.12
34.58
73.77
25.27
c.
Parryware
15.6
7.44
5.19
23.04
18.04
23.30
17.89
d.
Bio-products
(0.20)
4.09
5.27
3.89
1.32
4.05
0.35
Sub-total
51.91
45.14
31.11
97.05
53.94
197.59
142.13
Less : (í) Interest ( Net )
(2.64)
(0.86)
(1.35)
(3.50)
(7.53)
(9.77)
(36.85)
(ii) Other un-allocable expenditure net of un-allocable income
