Unaudited
Financial Results for the Quarter ended December 31, 2009
(Rs.
In lacs)
|
Particulars
|
3 months ended
December 31
|
Year to date for period ended
December 31
|
Year ended March 31
|
|
|
2009
|
2008
|
2009
|
2008
|
2009
|
|
|
Unaudited
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited
|
|
Net Sales/Income from Operations
|
4757.82
|
3093.50
|
14114.88
|
10839.69
|
14805.22
|
|
Expenditure
|
|
|
|
|
|
|
a. (Increase)/Decrease in stock in trade and work
in progress
|
71.01
|
240.20
|
(114.08)
|
142.37
|
72.95
|
|
b. Consumption of Raw materials
|
3085.46
|
1718.30
|
9443.82
|
6660.11
|
9145.35
|
|
c. Employees Cost
|
366.13
|
334.13
|
1112.44
|
1012.10
|
1354.06
|
|
d. Power & Fuel
|
335.07
|
278.72
|
999.40
|
987.02
|
1230.78
|
|
e. Depreciation
|
212.61
|
207.13
|
640.39
|
624.35
|
838.83
|
|
f. Other
Expenditure
|
440.74
|
334.70
|
1249.70
|
1130.41
|
1569.28
|
|
g. Total
|
4511.02
|
3113.18
|
13331.67
|
10556.36
|
14211.25
|
|
Profit from operations before Other Income,
|
246.80
|
(19.68)
|
783.21
|
283.33
|
593.97
|
|
Interest
& Exceptional items
|
|
|
|
|
|
|
Other Income
|
1.77
|
21.38
|
23.65
|
77.91
|
103.61
|
|
Profit before Int. & Exceptional Item
|
248.57
|
1.70
|
806.86
|
361.24
|
697.58
|
|
Interest (net)
|
102.57
|
131.04
|
332.13
|
375.88
|
520.02
|
|
Profit after Int but before Exceptional Item
|
146.00
|
(129.34)
|
474.73
|
(14.64)
|
177.56
|
|
Exceptional items
|
122.70
|
-
|
90.37
|
-
|
-
|
|
Profit from ordinary activities before Tax
|
268.70
|
(129.34)
|
565.10
|
(14.64)
|
177.56
|
|
Tax Expense
|
88.00
|
(18.00)
|
188.00
|
24.00
|
74.00
|
|
Net Profit from ord. activities after Tax
|
180.70
|
(111.34)
|
377.10
|
(38.64)
|
103.56
|
|
Extraordinary item
|
-
|
-
|
-
|
-
|
-
|
|
Net Profit for the Period
|
180.70
|
(111.34)
|
377.10
|
(38.64)
|
103.56
|
|
Paid-up Equity Share Capital
(Face value: Rs. 10 per share)
|
1100.00
|
1100.00
|
1100.00
|
1100.00
|
1100.00
|
|
Reserves excluding Revaluation Reserves
|
-
|
-
|
-
|
-
|
9452.68
|
|
Earnings per Share (Rs.) -
Basic
|
1.64
|
(1.01)
|
3.43
|
(0.35)
|
0.94
|
|
-
Diluted
|
1.64
|
(1.01)
|
3.42
|
(0.35)
|
0.94
|
|
Public Shareholding
|
|
|
|
|
|
|
-
Number of Shares
|
60,65,839
|
59,13,839
|
60,65,839
|
59,13,839
|
58,90,839
|
|
-
Percentage of Shareholding
|
55.14
|
53.76
|
55.14
|
53.76
|
53.55
|
|
Promoters and Promoter Group Shareholding
|
|
|
|
|
|
|
a) Pledged/Encumbered
|
Nil
|
-
|
Nil
|
-
|
Nil
|
|
b) Non-Encumbered
|
|
|
|
|
|
|
- Number of
Shares
|
49,34,161
|
-
|
49,34,161
|
-
|
51,09,161
|
|
- Percentage
of Shares (as a % of the total
|
100.00
|
-
|
100.00
|
-
|
100.00
|
|
Shareholding of Promoters & Promoter Group)
|
|
|
|
|
|
|
- Percentage
of Shares (as a % of the total
|
44.86
|
-
|
44.86
|
-
|
46.45
|
|
Share Capital of the Company)
|
|
|
|
|
|
Notes:
1.
The above Unaudited Standalone Financial Results were
approved by the Board of Directors at their meeting held on January
25, 2010.
2.
Capacity for Synthetic Resins at Thermosets Division was
enhanced during the quarter. At
Coex Division, capacity additions are under implementation for
Coextruded Sheets and Thermoforming.
3. Exceptional Items includes net Rs.122.70 lacs received on
account of salvage of structures at discontinued location and year
to date is net of Rs.32.33 lacs on regrouping of cost of voluntary
separation.
4. There is no
separate reportable segment as per AS 17 issued by the Institute of
Chartered Accountants of India, as the Company is mainly in the
business of Polymer Processing.
5. Dividend of Re.1 per equity share for the year ended March 31, 2009 was paid to
shareholders on July 31, 2009.
6.
The Company did not have any investor complaints pending at
the beginning of the quarter. 12 complaints/queries were received
and resolved during the quarter and none are pending.
7.
Figures have been regrouped where necessary.
8.
Results for the period ended December 31, 2009 have been
Reviewed by the Auditors of the Company.
|
New Delhi
January 25, 2010
|
For and on behalf of the Board
C Bhaskar
Managing Director & Chief Executive Officer
|
|
