|
Quarterly results
Unaudited financial results for the
quarter ended 30 September, 2004
|
(Rs in crore)
|
|
|
Particulars
|
Unaudited
|
Audited
|
|
Quarter ended 30 September, 2004
|
Corresponding Quarter in the Previous
Year
|
Half Year ended 30 September, 2004
|
Corresponding Half Year in the Previous
Year
|
Year ended 31 March, 2004
|
|
1
|
Sales / Income from Operations
|
752.30
|
835.87
|
1,301.14
|
1,276.37
|
2,652.73
|
|
|
Less: Excise Duty
|
23.28
|
26.34
|
51.70
|
52.26
|
108.58
|
|
|
Net Sales/ Income from Operations
|
729.02
|
809.53
|
1,249.44
|
1,224.11
|
2,544.15
|
|
2
|
Expenditure
|
|
|
|
|
|
|
|
a)
|
Decrease / (Increase) in stock-in-trade
|
(1.02)
|
120.31
|
(75.57)
|
(49.23)
|
(21.68)
|
|
|
b)
|
Consumption of Raw Materials
|
286.36
|
245.33
|
519.39
|
476.79
|
975.47
|
|
|
c)
|
Cost of Traded Goods
|
48.07
|
47.01
|
54.00
|
73.52
|
157.50
|
|
|
d)
|
Staff Cost
|
26.10
|
23.11
|
50.76
|
47.87
|
97.93
|
|
|
e)
|
Stores, Spare Parts and Consumables
|
32.21
|
25.41
|
60.04
|
50.65
|
139.80
|
|
|
f)
|
Power & Fuel
|
92.89
|
84.19
|
185.40
|
159.06
|
321.68
|
|
|
g)
|
Freight and Forwarding Charges
|
48.08
|
48.35
|
93.25
|
89.53
|
173.02
|
|
|
h)
|
Other Expenditure
|
55.93
|
68.11
|
110.41
|
111.21
|
240.64
|
|
|
|
Total Expenditure (2a to 2h)
|
588.62
|
661.82
|
997.68
|
959.40
|
2,084.36
|
|
3
|
Profit from Operations
(1-2)
|
140.40
|
147.71
|
251.76
|
264.71
|
459.79
|
|
4
|
Other Income
|
26.70
|
18.40
|
29.86
|
26.84
|
38.85
|
|
5
|
Interest on Refunds of Tax
|
0.52
|
9.56
|
0.52
|
15.71
|
38.26
|
|
6
|
Interest - net
|
5.94
|
14.78
|
13.14
|
31.02
|
50.91
|
|
7
|
Profit after Interest but before Depreciation,
Exceptional Items and Tax (3+4+5-6)
|
161.68
|
160.89
|
269.00
|
276.24
|
485.99
|
|
8
|
Depreciation
|
34.10
|
35.94
|
68.51
|
71.84
|
144.15
|
|
9
|
Profit before Exceptional Items and
Tax (7-8)
|
127.58
|
124.95
|
200.49
|
204.40
|
341.84
|
|
10
|
Exceptional Items
Employees' Separation Compensation
|
0.49
|
3.75
|
0.98
|
11.29
|
15.76
|
|
11
|
Profit before Tax (9-10)
|
127.09
|
121.20
|
199.51
|
193.11
|
326.08
|
|
12
|
Provision for Tax
|
39.90
|
38.29
|
66.68
|
61.39
|
105.55
|
|
13
|
Profit after Tax (11-12)
|
87.19
|
82.91
|
132.83
|
131.72
|
220.53
|
|
14
|
Paid up Equity Share Capital
(Face value: Rs. 10 per Share)
|
215.16
|
215.16 *
|
215.16
|
215.16 *
|
215.16 *
|
|
15
|
Reserves excluding Revaluation Reserves
|
|
|
|
|
1,820.18
|
|
16
|
Basic and Diluted Earnings -
Rs. per Share
(not annualised)
|
4.05
|
3.85
|
6.17
|
6.12
|
10.25
|
|
17
|
Aggregate of Non-Promoter Shareholding
|
|
|
|
|
|
|
|
- Number of Shares
|
159,689,369
|
160,016,769
|
159,689,369
|
160,016,769
|
160,214,769
|
|
|
- Percentage of shareholding
|
74.24%
|
74.39%
|
74.24%
|
74.39%
|
74.48%
|
|
* After adjustment of Rs.34.46 Crores for Shares issued
to the shareholders of erstwhile Hind Lever Chemicals
Limited
|
Segmentwise revenue, results and capital employed
|
(Rs in crore)
|
|
|
Particulars
|
Quarter ended 30 September, 2004
|
Corresponding Quarter
in the Previous
Year
|
Half Year ended 30 September, 2004
|
Corresponding Half Year in the Previous
Year
|
Year
ended
31 March, 2004
|
|
1
|
Segment Revenue
|
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
263.83
|
245.62
|
518.51
|
495.71
|
1,012.14
|
|
|
b. Fertilisers
|
465.19
|
568.91
|
730.93
|
738.18
|
1,551.75
|
|
|
Total
|
729.02
|
814.53
|
1,249.44
|
1,233.89
|
2,563.89
|
|
|
Less: Inter segment revenue
|
-
|
5.00
|
-
|
9.78
|
19.74
|
|
|
Net Sales / Income from Operations
|
729.02
|
809.53
|
1,249.44
|
1,224.11
|
2,544.15
|
|
2
|
Segment Result
|
|
|
|
|
|
|
|
Profit / (Loss) before Tax and Interest
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
53.11
|
48.94
|
110.42
|
122.13
|
205.64
|
|
|
b. Fertilisers
|
61.60
|
73.22
|
93.48
|
92.29
|
151.90
|
|
|
Total
|
114.71
|
122.16
|
203.90
|
214.42
|
357.54
|
|
|
Less :
|
|
|
|
|
|
|
|
(i) Interest - net
|
5.94
|
14.78
|
13.14
|
31.02
|
50.91
|
|
|
(ii) Unallocable income net of unallocable
expenditure
|
(18.32)
|
(13.82)
|
(8.75)
|
(9.71)
|
(19.45)
|
|
|
Profit before Tax
|
127.09
|
121.20
|
199.51
|
193.11
|
326.08
|
|
3
|
Capital Employed
|
|
|
|
|
|
|
|
a. Inorganic Chemicals
|
846.37
|
968.18
|
846.37
|
968.18
|
894.30
|
|
|
b. Fertilisers
|
1,314.65
|
1,525.32
|
1,314.65
|
1,525.32
|
1,464.76
|
Notes:
- Revenue in respect of urea is
recognised based on the provisional concessional rates notified
by the government pending fixation of the final concessional
rates. Claims for escalation on input cost have been taken
into account based on the estimates, pending final notification
of the rates by the government.
-
Status of complaints
received from investors during the quarter, complaints
resolved and those pending are as follows:
|
Particulars of Complaints
|
Numbers
|
|
Outstanding as on 1 July, 2004
|
4
|
|
Received during the quarter
|
16
|
|
Resolved during the quarter
|
12
|
|
Outstanding as on 30 September,
2004
|
8
|
-
The Statutory Auditors
have carried out a ‘Limited Review’ of the results for
the quarter and half year ended 30 September, 2004.
-
The previous period
figures have been restated to include those of the Phosphatics
Division, formerly Hind Lever Chemicals Limited and these
have been regrouped / rearranged wherever necessary.
This has been taken on record in the board
meeting of date.
|
Place:
Mumbai
Date:
October 19, 2004
|
Tata Chemicals Limited
Ratan N Tata
Chairman
|
|
