| AUDITED FINANCIAL RESULTS FOR THE QUARTER / YEAR ENDED 31ST MARCH
2002 |
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(Rs. in lacs) |
| Particulars |
Nine |
Quarter |
Audited for the |
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months |
ended |
year ended |
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ended on |
31.03.2002 |
31.03.2002 |
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31.12.2001 |
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| 1 |
Net
Sales / Income from operations |
2969.96 |
1151.52 |
4121.48 |
| 2 |
Other
Income |
29.47 |
69.01 |
98.48 |
| 3 |
Total
Expenditure |
2600.86 |
1143.69 |
3744.55 |
| |
a) |
Increase/decrease in stock in trade |
(-) 225.55 |
189.98 |
(-) 35.57 |
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b) |
Consumption of raw materials |
824.11 |
237.86 |
1061.97 |
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c) |
Staff Cost |
538.22 |
189.97 |
728.19 |
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d) |
Other expenditure |
1464.08 |
525.88 |
1989.96 |
| 4 |
Operating
Profit |
398.57 |
76.84 |
475.41 |
| 5 |
Interest |
151.35 |
41.20 |
192.55 |
| 6 |
Gross
Profit |
247.22 |
35.64 |
282.86 |
| 7 |
Depreciation |
168.05 |
31.22 |
199.27 |
| 8 |
Profit (+)/Loss (-) before tax |
79.17 |
4.42 |
83.59 |
| 9 |
Provision
for taxation |
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- |
Current |
5.42 |
1.08 |
6.50 |
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- |
Deferred |
--- |
31.95 |
31.95 |
| 10 |
Net Profit (+)/Loss (-) |
73.75 |
(-) 28.61 |
45.14 |
| 11 |
Paid-up equity share capital |
268.75 |
268.75 |
268.75 |
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(Face Value Rs. 5/- each) |
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| 12 |
Reserves
excluding revaluation reserves |
--- |
--- |
1641.87 |
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(as per balance sheet) |
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| 13 |
Basic
and diluted EPS |
1.37 |
(-) 0.53 |
0.84 |
| 14 |
Aggregate
of Non-promoter Shareholding |
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- No. of shares |
2237034 |
2237034 |
2237034 |
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- Percentage of shareholding |
41.62 |
41.62 |
41.62 |
| Notes: |
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| 1 |
These
Results were taken on record by the Board of Directors in their
meeting held |
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on 28.06.2002. |
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| 2 |
The Hon'ble Gujarat High Court has passed
order on 30.10.2001 approving Scheme |
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of Demerger resulting into transfer of Ceramic Division of Madhusudan Industries |
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Limited into the Company
w.e.f. 01.04.2001, hence figures for the quarter / year |
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ended 31.03.2001are not
given. |
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| 3 |
Quarterly figures have been regrouped
wherever necessary. |
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| 4 |
The Company has provided Rs.646.49 lacs,
being Deferred Tax Liability upto |
|
31.03.2001 out of General Reserves,
as per AS-22. |
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| 5 |
Due
to disturbances in the State, the Production and Sales of the Company
has been |
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affected
in the last quarter of the year.
Normalcy has been restored from mid of |
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April 2002. |
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| 6 |
The operations of the Plant were temporarily
suspended during April 2002 for 25 days |
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due to labour unrest and the normalcy
has been restored from 1st May 2002.
The |
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Company has also entered into a new
wage agreement for 4 (four) years. |
| 7 |
The
Board has recommended dividend of Rs. 0.60 per fully paid Equity
Share of |
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Rs.5/- each. |
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By Order of the Board |
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| Date: 28th June 2002 |
|
Vikram Somany |
| Place: Ahmedabad |
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Chairman |
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