AUDITED FINANCIAL RESULTS FOR THE QUARTER / YEAR ENDED 31ST MARCH 2005
               
      (Rs. in lacs)
Particulars Nine months quarter ended Audited for the
  ended     year ended
  31.12.2004 31.03.2005 31.03.2004 31.03.2005 31.03.2004
1 Net Sales (Net of Excise)/Income from operations 4232.92 1860.73 1626.15 6093.65 5061.85
2 Other Income 13.99 29.71 21.76 43.70 39.66
3 Total Expenditure 3659.02 1765.10 1492.27 5424.12 4510.64
  a) Increase/decrease in stock in trade (-) 164.88 42.16 122.41 -122.72 7.08
  b) Consumption of raw materials 632.06 278.45 220.41 910.51 792.28
  c) Purchases (Tradings) 807.66 427.14 262.20 1234.80 777.75
  d) Power & Fuel 291.48 110.43 61.54 401.91 383.97
  e) Staff Cost 709.04 298.55 291.30 1007.59 907.18
  f) Other expenditure 1383.66 608.37 534.41 1992.03 1642.38
4 Operating Profit 587.89 125.34 155.64 713.23 590.87
5 Interest   89.76 14.35 23.52 104.11 122.11
6 Gross Profit 498.13 110.99 132.12 609.12 468.76
7 Depreciation 189.79 20.88 61.13 210.67 205.69
8 Profit (+)/Loss (-) before tax 308.34 90.11 70.99 398.45 263.07
9 Provision for taxation          
  - Current 80.00 84.10 3.45 164.10 33.00  
  - Deferred -5.45 0.66 48.43 -4.79 68.96
10 Net Profit (+)/Loss (-) 233.79 5.35 19.11 239.14 161.11
11 Paid-up equity share capital 268.75 268.75 268.75 268.75 268.75
  (Face Value Rs. 5/- each)          
12 Reserves excluding revaluation reserve -- -- -- 2022.77 1863.05
  (as per balance sheet)          
13 Basic and diluted EPS (in Rs.) 4.35 0.10 0.36 4.45 3.00
14 Aggregate of Non-promoter Shareholding          
  - No. of shares 2237034 2237034 2237034 2237034 2237034
  - Percentage of shareholding 41.62 41.62 41.62 41.62 41.62
Notes:
1 The above statement of Audited Financial Results were reviewed by the Audit Committee on 29.06.2005 and
approved by the Board of Directors at its meeting held on 30.06.2005.
2 Figures have been regrouped wherever necessary.
3 The company does not have more than one reportable segment.  Accordingly, segmental information is not
required to be provided.
4 Status of Investors' Complaints / Queries: Pending as on 01.01.2005 - 3, received during the quarter - 37,
disposed off during the quarter - 40 and pending as on 31.03.2005 - NIL.
5 The Board has recommended dividend of Rs.0.80 per fully paid Equity Share of Rs.5/- each.
6 In view of the opinion of expert advisory committee of the Institute of Chartered Accountant of India,
impairment loss of Rs. 30.40 lacs after taking credit from deferred tax of Rs. 17.01 lacs is reduced from
General Reserve, which was deducted from profits alongwith depreciation in quarterly financial result for
the year.
By Order of the Board
Date: 30.06.2005 Vikram Somany
Place: Kolkata Chairman-cum-Managing Director