|
Unaudited
financial results for the quarter ended 31 March,
2003
|
(Rs.
in Crores)
|
|
Sr.
no
|
Particulars
|
Unaudited
|
Unaudited
|
Unaudited
|
Audited
|
|
Quarter ended 31 March, 2003
|
Corresponding Quarter in the Previous Year
|
Year ended 31 March, 2003
|
Year ended 31 March, 2002
|
|
1
|
Net Sales / Income from Operations
|
379.07
|
367.58
|
1,628.40
|
1,433.85
|
|
2
|
Expenditure
|
|
|
|
|
|
|
a)
|
Decrease / (Increase) in stock-in-trade
|
4.27
|
39.66
|
(4.48)
|
28.50
|
|
|
b)
|
Consumption of Raw Materials
|
56.86
|
52.21
|
259.92
|
235.95
|
|
|
c)
|
Staff Cost
|
18.83
|
14.74
|
69.43
|
60.35
|
|
|
d)
|
Stores, Spare Parts and Consumables
|
43.57
|
30.66
|
122.88
|
118.52
|
|
|
e)
|
Power & Fuel
|
47.67
|
52.42
|
236.35
|
229.99
|
|
|
f)
|
Other Expenditure
|
128.97
|
110.96
|
527.54
|
384.77
|
|
|
|
Total Expenditure (2a to 2f)
|
300.17
|
300.65
|
1,211.64
|
1,058.08
|
|
3
|
Profit from Operations
(1-2)
|
78.90
|
66.93
|
416.76
|
375.77
|
|
4
|
Other Income
|
1.89
|
9.33
|
42.14
|
34.73
|
|
5
|
Interest on Refunds of Tax
|
23.93
|
47.13
|
36.67
|
47.47
|
|
6
|
Interest - net
|
19.25
|
17.43
|
90.06
|
109.95
|
|
7
|
Profit after Interest but before Depreciation,
Extraordinary Items and Tax (3+4+5-6)
|
85.47
|
105.96
|
405.51
|
348.02
|
|
9
|
Profit before Extraordinary Items and Tax
(7-8)
|
50.45
|
71.42
|
268.53
|
214.81
|
|
10
|
Extraordinary Items
|
|
|
|
|
|
|
a)
|
Employees' Separation Compensation
|
3.64
|
4.00
|
14.56
|
14.75
|
|
|
b)
|
Impact of revised retention price on revenue
of earlier years
|
12.03
|
-
|
182.95
|
-
|
|
|
c)
|
Provision for Contingencies written back
|
(26.08)
|
-
|
(197.00)
|
-
|
|
11
|
Profit before Tax (9-10)
|
60.86
|
67.42
|
268.02
|
200.06
|
|
12
|
Provision for Tax
|
|
|
|
|
|
|
|
- Current
|
13.18
|
13.45
|
90.11
|
39.50
|
|
|
|
- Deferred - net
|
(12.52)
|
29.85
|
(18.83)
|
33.74
|
|
13
|
Profit after Tax (11-12)
|
60.20
|
24.12
|
196.74
|
126.82
|
|
14
|
Paid
up Equity Share Capital
(Face value : Rs. 10 per Share)
|
180.70
|
180.70
|
180.70
|
180.70
|
|
15
|
Reserves excluding Revaluation Reserves
|
|
|
|
1,370.66
|
|
16
|
Basic and Diluted Earnings - Rs. per Share
(not annualised)
|
3.33
|
1.33
|
10.89
|
7.02
|
|
17
|
Aggregate of Non-Promoter Shareholding
|
|
|
|
|
|
|
- Number of Shares
|
125,432,789
|
125,949,117
|
125,432,789
|
125,949,117
|
|
|
- Percentage of shareholding
|
69.44%
|
69.72%
|
69.44%
|
69.72%
|
Segmentwise
revenue, results and capital employed
|
(Rs.
in Crores)
|
|
Sr.
no
|
Particulars
|
Quarter ended 31st March, 2003
|
Corresponding Quarter in the Previous Year
|
Year ended 31March, 2003
|
Year ended 31March, 2002
|
|
1
|
Segment Revenue
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
245.98
|
221.33
|
956.48
|
794.96
|
|
|
b. Fertilisers
|
133.09
|
146.44
|
671.99
|
639.23
|
|
|
Total
|
379.07
|
367.77
|
1,628.47
|
1,434.19
|
|
|
Less : Inter segment revenue
|
0.00
|
0.19
|
0.07
|
0.34
|
|
|
Net Sales / Income from Operations
|
379.07
|
367.58
|
1,628.40
|
1,433.85
|
|
2
|
Segment Result
|
|
|
|
|
|
|
Profit / (Loss) before Tax and Interest
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
49.73
|
20.45
|
185.87
|
112.86
|
|
|
b. Fertilisers
|
6.20
|
17.57
|
136.78
|
154.50
|
|
|
Total
|
55.93
|
38.02
|
322.65
|
267.36
|
|
|
Less :
|
|
|
|
|
|
|
(i) Interest - net
|
19.25
|
17.43
|
90.06
|
109.95
|
|
|
(ii) Unallocable income net of unallocable
expenditure
|
(24.18)
|
(46.83)
|
(35.43)
|
(42.65)
|
|
|
Profit before Tax
|
60.86
|
67.42
|
268.02
|
200.06
|
|
3
|
Capital Employed
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
971.72
|
1,067.57
|
971.72
|
1,067.57
|
|
|
b. Fertilisers
|
1,026.69
|
1,140.58
|
1,026.69
|
1,140.58
|
Notes:
-
The Government has by Notification dated 16
April 2003 further revised the Retention Price
of Urea with effect from 1 July 1997 impact
of which aggregating Rs.27.08 Crores (including
Rs 15.03 Crores charged to Sales Revenue) has
been appropriately dealt with in drawing the
results for the quarter and year ended 31 March
2003. Consequently, the provision for contingency
of Rs.26.09 crores has been written back since
the same is no longer required.
-
As in the earlier years, the Auditors have qualified
their report on accounts for the year ended
31 March 2002 with regard to claims for escalation
of input costs and other claims on Urea, which
have been accounted pending final issuance of
the Government Notification. The adjustments
are made in the accounts as and when the Notifications
are issued.
-
The Scheme of Amalgamation of Hind Lever Chemicals
Limited (HLCL) with the Company duly approved
by the Board, will be filed with the respective
High Courts shortly. On obtaining necessary
statutory approvals, the Scheme shall be operative
from Appointed Date of 1 April 2002. The above
statement does not include results of HLCL.
-
The previous period figures have been regrouped/rearranged
wherever necessary.
This
has been taken on record in the board meeting
of date.
|
Place:
Mumbai
Date:
April 29, 2003
|
Tata
Chemicals Limited
Ratan N Tata
Chairman
|
|
