TAMILNADU PETROPRODUCTS LIMITED
Audited Financial Results for the Year ended 31st March
2003
|
| (Rs.
in lacs) |
| Sl.No |
Description
|
Nine Months Ended 31.12.2002
(Unaudited)
|
Corresponding
|
Consolidated
|
|
Quarter Ended
31.03.2003 (Unaudited)
|
Quarter Ended
31.03.2002 (Unaudited)
|
Year Ended
31.03.2003 (Audited)
|
Year Ended
31.03.2002 (Audited)
|
Year Ended
31.03.2003 (Audited)
|
Year
Ended 31.03.2002 (Audited)
|
|
1
|
Net Sales
(including Excise Duty) |
54,020 |
19,594 |
22,528 |
73,614 |
77,639 |
76,055 |
77,639 |
|
2
|
Other Income |
166 |
106 |
19 |
272 |
197 |
272 |
229 |
|
3
|
Total
Expenditure
a) (Increase)/ Decrease in stock-in-trade |
911 |
1,406 |
2,941 |
2,317 |
987 |
2,317 |
987 |
| |
b) Consumption
of raw materials |
17,311 |
6,857 |
5,428 |
24,168 |
20,931 |
24,168 |
20,931 |
| |
c) Purchase
of traded goods |
- |
- |
1,398 |
- |
6,034 |
2,409 |
6,034 |
| |
d) Stores
consumed |
2,443 |
959 |
686 |
3,402 |
3,391 |
3,402 |
3,391 |
| |
e) Staff
cost |
1,336 |
679 |
453 |
2,015 |
1,927 |
2,015 |
1,927 |
| |
f) Power
and fuel |
9,979 |
3,574 |
2,937 |
13,553 |
10,457 |
13,553 |
10,457 |
| |
g) Excise
duty |
6,015 |
1,886 |
1,332 |
7,901 |
8,384 |
7,901 |
8,384 |
| |
h) Other
expenditure |
5,549 |
2,459 |
2,548 |
8,008 |
9,296 |
8,108 |
9,301 |
|
4
|
Interest
(net) |
2,861 |
952 |
982 |
3,813 |
3,700 |
3,747 |
3,672 |
|
5
|
Depreciation
|
3,726 |
1,272 |
1,238 |
4,998 |
4,746 |
4,999 |
4,746 |
|
6
|
Profit
before tax (1+2-3-4-5) |
4,055 |
(344) |
2,604 |
3,711 |
7,983 |
3,708 |
8,038 |
|
7
|
Provision
for taxation
- Current
- Deferred
|
1,168
506 |
(563)
(3) |
770
32 |
605
503 |
2,540
128 |
605
503 |
2,540
128 |
|
8
|
Profit after Tax(6-7) |
2,381 |
222 |
1,802 |
2,603 |
5,315 |
2,600 |
5,369 |
|
9
|
Extraordinary
item |
- |
(300) |
(300) |
(300) |
(300) |
(300) |
(300) |
|
10
|
Profit/(Loss)
after Extraordinary item |
2,381 |
(78) |
1,502 |
2,303 |
5,015 |
2,300 |
5,070 |
|
11
|
Share of Losses
of Associates |
- |
- |
- |
- |
- |
(23) |
- |
|
12
|
Net
Profit |
2,381 |
(78) |
1,502 |
2,303 |
5,015 |
2,277 |
5,070 |
|
13
|
Paid-up
Equity Share capital
(Face value of Rs.10/-each) |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
|
14
|
Reserves
(excluding revaluation reserves) |
- |
- |
- |
29,300 |
28,266 |
28,206 |
28,320 |
|
15
|
Earnings
per share in Rs.((After Extraordinary item)(not annualised))
- Basic
- Diluted
|
2.65
2.63 |
-0.09
-0.08 |
1.67
1.67 |
2.56
2.55 |
5.57
5.54 |
2.53
2.52 |
5.63
5.60 |
| Notes: |
1. Profitability for the current
quarter and the year have been adversely affected due
to abnormal increase in prices of Raw material, Power
and fuel. The cost of raw materials, Power and Fuel has
increased from 40% of sales in the year 2001-02 to 51
% of sales during the financial year 2002-03. The raw
material and fuel prices have since shown downward trend.
|
2. Previous year's
figures have been regrouped, wherever necessary.
|
3. Extraordinary
item for the year 2002-03 represents a provision for diminution
in the value of certain long term investments.
|
4. The above Consolidated
Financial results for the year ended 31st March 2003 include
figures in respect of M/s. Gulf Petroproduct Company E.C.
(Joint Venture) and M/s. Certus Investment and Trading
Limited (Subsidiary) and M/s Petro Araldite P Ltd., &
M/s SPIC Electric Power Corpn.(P) Ltd., (Associates).
|
5. The Board of Directors
have recommended payment of 12.5 % as dividend for approval
of the Shareholders.
|
| |
The above Audited
financial results were approved by the Board of Directors
at their Meeting held on 27th May 2003.
|
|
