UNAUDITED FINANCIAL RESUTLS (PROVISIONAL) FOR THE QUARTER ENDED MARCH 31, 2004 |
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(Rs. in lacs) |
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Quarter ended |
Corresponding |
Year-to-date |
Year-to-date |
Previous |
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31/03/2004 |
quarter ended |
figures for the |
figures for the |
Accounting |
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31/03/03 in the |
Current Period |
Previous Year |
Year |
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previous year |
(01/04/03 to |
(01/04/02 to |
(01/05/02 to |
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31/03/04) |
31/03/03) |
31/03/03) |
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(3 months) |
(3 months) |
(12 months) |
(12 months) |
(11 months) |
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(Unaudited) |
(Unaudited) |
(Unaudited) |
(Audited) |
(Audited) |
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1 |
2 |
3 |
4 |
5 |
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1 |
Net
Sales/Income from Operations |
30975 |
39387 |
113285 |
119253 |
113906 |
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2 |
Other
Income |
209 |
817 |
846 |
971 |
986 |
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3 |
Total
Expenditure |
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a. |
(Increase)/Decrease
in Stock in Trade |
1979 |
5689 |
7837 |
(2411) |
4161 |
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b. |
Consumption
of raw material |
18391 |
13429 |
63327 |
58692 |
51992 |
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c. |
Staff
Cost |
1022 |
1356 |
4714 |
5287 |
4776 |
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d. |
Power,
Water & Fuel |
6405 |
6505 |
22414 |
23764 |
21853 |
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e. |
Other
Expenditure |
3807 |
6141 |
15720 |
19793 |
18738 |
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4 |
Interest |
2129 |
3537 |
8883 |
12102 |
11284 |
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5 |
Depreciation |
982 |
921 |
4302 |
4293 |
3920 |
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6 |
Profit/(Loss)
before tax (1+2-3-4-5) |
(3531) |
2626 |
(13066) |
(1296) |
(1832) |
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7 |
Write-off
of Interest |
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- |
GOI |
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7064 |
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- |
NFL |
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2130 |
2244 |
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8 |
Provision
for taxation |
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9 |
Net
Profit/(Loss) (6-7-8) |
(3531) |
2626 |
(6002) |
834 |
412 |
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10 |
Paid-up
equity share capital |
16110 |
16110 |
16110 |
16110 |
16110 |
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(Face
value Rs 10 per share) |
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11 |
Reserves
excluding revaluation reserves |
1339 |
1339 |
1339 |
1339 |
1339 |
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(as
per balance sheet) of previous |
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accounting
year |
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12 |
EPS
for the period, for the year to date |
(2.19) |
1.63 |
(3.73) |
0.52 |
0.26 |
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and
for the previous year (Rs.) |
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13 |
Aggregate
of non-promoter shareholding |
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- |
Number
of Shares |
23733100 |
23733100 |
23733100 |
23733100 |
23733100 |
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- |
Percentage
of Shareholding |
14.73 |
14.73 |
14.73 |
14.73 |
14.73 |
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NOTE:
1
Approval of interest
waiver from GOI amounting to Rs.70.64 Cr. upto 31.3.2003 received subsequently
and hence credit was reckoned during the 12 months period ended 31.3.2004.
2
Fertilizer manufacturing
being the only main segment and trading operations being less than 10% of the
total revenue, there is no reportable segment in MFL as per AS 17.
3
The benefits of CDR
package amounting to Rs.21 Cr. upto 31.3.2004 has been reckoned in Accounts
pending final CDR approval.
4
In view of the loss
incurred by the Company during the period provision for current tax is not
considered necessary. Also, as a
prudent policy no deferred tax asset has been recognised per AS 22.
5
During the quarter 97
investor complaints, enquiries and requests received together with balance 3
complaints of last quarter, were attended.
6
The unaudited results
are subjected to limited review by Statutory Auditor.
7
Auditor observation on
the accounts 2002-2003 and management clarification stand thereon stand.
8
The above results were
taken on record at the meeting of Committee of Directors on April 30, 2004.
BY ORDER OF THE BOARD COMMITTEE
Place: Chennai SUKUMAR N OOMMEN
Date
: April 30, 2004 CHAIRMAN & MANAGING DIRECTOR