| Particulars |
Un-Audited |
Audited |
| Quarter
Ended |
3
Quarters Ended |
Year
Ended |
| 30.09.04 |
30.09.03 |
30.09.04 |
30.09.03 |
31.03.04 |
| Rs.
Crore |
| 1. |
Net Sales / Income from Operations-Gross of Excise Duty |
140.50 |
125.11 |
293.70 |
257.79 |
606.98 |
| |
Less : Excise Duty |
9.55 |
9.77 |
20.32 |
21.79 |
46.28 |
| |
Net Sales / Income from Operations-Net of Excise Duty |
130.95 |
115.34 |
273.38 |
236.00 |
560.70 |
| 2. |
Other Income |
19.03 |
8.08 |
39.10 |
24.50 |
34.47 |
| |
Total Income |
149.98 |
123.42 |
312.48 |
260.50 |
595.17 |
| 3. |
Total Expenditure : |
|
|
|
|
|
| |
a) (Accretion) / Decretion to Stock |
(21.49) |
(6.65) |
0.29 |
(36.81) |
1.94 |
| |
b) Consumption of Raw Materials |
69.03 |
55.71 |
113.13 |
137.92 |
274.22 |
| |
c) Purchase of Goods for resale |
12.82 |
7.86 |
26.66 |
16.10 |
38.55 |
| |
d) Staff cost |
13.61 |
19.81 |
26.77 |
33.65 |
58.63 |
| |
e) Other Expenditure |
37.67 |
31.42 |
67.79 |
64.09 |
130.64 |
| |
Total Expenditure : |
111.64 |
108.15 |
234.64 |
214.95 |
503.98 |
| 4. |
Gross Profit |
38.34 |
15.27 |
77.84 |
45.55 |
91.19 |
| 5. |
Interest ( Net ) |
0.55 |
2.49 |
1.53 |
4.39 |
7.53 |
| 6. |
Depreciation |
6.82 |
7.59 |
13.68 |
15.11 |
30.37 |
| 7. |
Profit before Taxation (PBT) |
30.97 |
5.19 |
62.63 |
26.05 |
53.29 |
| 8. |
Provision for Taxation |
|
|
|
|
|
| |
Current Tax |
5.37 |
0.90 |
10.77 |
2.65 |
6.90 |
| |
Deferred Tax (Net) |
0.23 |
4.04 |
1.94 |
4.65 |
3.16 |
| 9. |
Net Profit after Taxation (PAT) |
25.37 |
0.25 |
49.92 |
18.75 |
43.23 |
| 10. |
Paid up Equity Share Capital
(Face Value -Rs.10 per Equity Share) |
17.85 |
17.84 |
17.85 |
17.84 |
17.85 |
| 11. |
Reserves excluding Revaluation Reserve |
|
|
|
|
314.42 |
| 12. |
Earnings per Share (EPS) -
Basic and Diluted |
14.21 |
0.14 |
27.97 |
10.50 |
24.22 |
| |
(Not annualised)
(Rs.per Equity Share ) |
|
|
|
|
|
| 13. |
Aggregate of Non Promoter Shareholding |
|
|
|
|
|
| |
No of Shares |
|
|
10852788 |
10580103 |
10936126 |
| |
% of Shareholding |
|
|
60.8% |
59.3% |
61.2% |
| |
- The Statutory Minimum price of sugar cane for the sugar year 2002-03 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. Further, a minimum price of Rs 730/MT has been notified for the sugar year 2003-04. This is also being legally challenged. Based on legal advice, pending disposal of the cases, no provision has been considered in the above results.
- Other income for the quarter includes Rs 6.62 crores being profit on sale of businesses of Netion, General Marketing and Travels to Parry Engineering & Exports Ltd on 1st July, 2004.
- The Board of Directors has approved sale/lease of the assets of the Acetic Acid plant at Thyagavalli, Tamil Nadu, subject to receipt of requisite approvals.
- The sugar Refinery Plant at Nellikuppam, has been commissioned and trial production has started.
- During the second quarter, eleven investor complaints were received and were resolved. There were no complaints pending both at the beginning and end of the quarter.
- The Statutory Auditors of the Company have carried out a Limited Review of Unaudited Financial Results for Half-Year ended 30th September, 2004.
- The above statement of Unaudited Financial Results (Provisional) for the Half year ended 30th September, 2004 was approved by the Board of Directors at their meeting held on 11th October, 2004
- Previous year's figures have been restated after considering the effect of Scheme of arrangement (Demerger) of Farm Inputs Division into Coromandel Fertilisers Limited and amalgamation of Parry & Co Limited and Mofussil Warehouse and Trading Company Limited.
- Figures for the previous year have been regrouped wherever necessary.
Chennai
On behalf of the Board
11th October, 2004
P. Rama Babu Managing Director
|
|
|
|
Segment Reporting under Clause 41 of the Listing
Agreement with Stock Exchange for the Half year ended 30th
September, 2004
|
|
Particulars
|
For the
|
Quarter ended
Rs. in Crore
|
3 Quarters ended
Rs. in Crore
|
Year ended
Rs. in Crore
|
|
30.09.04
|
30.09.03
|
30.09.04
|
30.09.03
|
31.03.04
|
1. Segment Revenue :
( Net Sales/Income from each Segment Gross of Excise)
|
|
a. Sugar
|
93.02
|
82.48
|
193.23
|
172.38
|
420.01
|
|
b. Parryware
|
47.32
|
38.66
|
95.88
|
78.82
|
159.93
|
|
c. Bio-products
|
2.45
|
1.21
|
4.58
|
4.65
|
16.01
|
|
d.
Others
|
17.80
|
12.11
|
41.04
|
31.72
|
51.27
|
|
Sub-total
|
160.59
|
134.46
|
334.73
|
285.65
|
647.22
|
|
Less : Intersegmental Revenue
|
1.06
|
1.27
|
1.93
|
3.36
|
5.77
|
|
Net Sales /Income from Operations
|
159.53
|
133.19
|
332.80
|
282.29
|
641.45
|
2. Segment Results :
( Profit (+) / Loss (-) before Tax and Interest from each segment)
|
|
a. Sugar
|
12.31
|
7.31
|
23.52
|
12.93
|
34.58
|
|
b. Parryware
|
4.72
|
4.19
|
10.49
|
8.57
|
18.04
|
|
c. Bio-products
|
(0.64)
|
(1.46)
|
(1.44)
|
(2.97)
|
1.32
|
|
Sub-total
|
16.39
|
10.04
|
32.57
|
18.53
|
53.94
|
|
Less : (í) Interest ( Net )
|
(0.55)
|
(2.49)
|
(1.53)
|
(4.39)
|
(7.53)
|
|
(ii) Other un-allocable expenditure net of un-allocable income
|
15.13
|
(2.36)
|
31.59
|
11.91
|
6.88
|
|
Total Profit Before Tax
|
30.97
|
5.19
|
62.63
|
26.05
|
53.29
|
3. Capital Employed
(Segment Assets - Segment Liabilities)
|
|
a. Sugar
|
377.89
|
411.48
|
377.89
|
411.48
|
339.12
|
|
b. Parryware
|
86.70
|
80.02
|
86.70
|
80.02
|
74.61
|
|
c. Bio-products
|
26.21
|
34.91
|
26.21
|
34.91
|
29.65
|
|
d. Others (Including Investments)
|
153.38
|
146.64
|
153.38
|
146.64
|
167.44
|
|
Total
|
644.18
|
673.05
|
644.18
|
673.05
|
610.82
|
Q2, FY 2004-2005