TAMILNADU PETROPRODUCTS LIMITED
Audited Financial Results for the Year ended 31st March
2005
|
| (Rs.
in lacs) |
| Sl.No |
Description
|
Nine Months Ended 31.12.2004
(Unaudited)
|
|
Consolidated
|
|
Quarter Ended
31.03.2005
(Unaudited)
|
Corresponding
quarter Ended
31.03.2004
(Unaudited)
|
Year Ended
31.03.2005
(Audited)
|
Year Ended
31.03.2004
(Audited)
|
Year Ended
31.03.2005
(Audited)
|
Year
Ended 31.03.2004
(Audited)
|
|
1
|
Net Sales
(including Excise Duty) |
63306
|
19,727
|
18,840
|
83,033
|
75,410
|
83,153
|
75,443
|
|
2
|
Other Income |
429
|
247
|
153
|
676
|
539
|
676
|
551
|
|
3
|
Total
Expenditure |
58,489
|
16,890
|
16,425
|
75,379
|
63,903
|
75,536
|
63,981
|
|
|
a) (Increase)/ Decrease in stock-in-trade |
931
|
(4,244)
|
90
|
(3,313)
|
(816)
|
(3,313)
|
(816)
|
| |
b) Consumption
of raw materials |
25,952
|
10,900
|
6,439
|
36,852
|
27,206
|
36,852
|
27,206
|
| |
c) Purchase
of traded goods |
4,883
|
135
|
- |
5,018
|
625
|
5,049
|
625
|
| |
d) Stores
consumed |
1,841
|
662
|
835
|
2,503
|
3,254
|
2,503
|
3,254
|
| |
e) Staff
cost |
1,442
|
505
|
476
|
1,947
|
1,979
|
1,947
|
1,979
|
| |
f) Power
and fuel |
8,741
|
3,063
|
2,774
|
11,804
|
11,796
|
11,804
|
11,796
|
| |
g) Excise
duty |
7,285
|
3,032
|
2,477
|
10,317
|
9,252
|
10,317
|
9,252
|
| |
h) Other
expenditure |
7,414
|
2,837
|
3,334
|
10,251
|
10,607
|
10,377
|
10,685
|
|
4
|
Interest
(net) |
2,014
|
683
|
803
|
2,697
|
3,493
|
2,557
|
3,428
|
|
5
|
Depreciation
|
3,750
|
1,232
|
1,204
|
4,982
|
4,725
|
4,983
|
4,725
|
|
6
|
Profit / (loss) before tax (1+2-3-4-5) |
(518)
|
1,169
|
561
|
651
|
3,828
|
753
|
3,860
|
|
7
|
Exceptional items
(a) Loss on sale of investments (net)
|
(500)
|
(30)
|
-
|
(530)
|
(92)
|
(530)
|
(92)
|
|
|
(b) (Provision) / write back of provision for dimunition in value of investments (net)
|
553
|
15
|
(230)
|
568
|
(100)
|
568
|
(100)
|
|
8
|
Profit / (loss) before taxation (6+7) |
(465)
|
1,154
|
331
|
689
|
3,636
|
791
|
3,668
|
|
9
|
Provision
for taxation
- Current
|
-
|
54
|
125
|
54
|
1,400
|
59
|
1,407
|
|
|
- earlier years
|
-
|
(41)
|
-
|
(41)
|
-
|
(41)
|
-
|
|
|
- Deferred
|
368
|
(874)
|
219
|
(506)
|
15
|
(506)
|
15
|
|
10
|
Profit / (loss) after Tax
(8-9) |
(833)
|
2,015
|
(13)
|
1,182
|
2,221
|
1,279
|
2,246
|
|
11
|
Share of Profit / (Loss)
of Associates |
- |
- |
- |
- |
- |
308
|
9
|
|
12
|
Net
Profit / (Loss) (10+11) |
(833)
|
2,015
|
(13)
|
1,182
|
2,221
|
1,587
|
2,255
|
|
13
|
Paid-up
Equity Share capital
(Face value per share of Rs.10/-each) |
8,997
|
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
|
14
|
Reserves
(excluding revaluation reserves) |
- |
- |
- |
28,576
|
29,094
|
27,292
|
27,383
|
|
15
|
Earnings
per share in Rs
.
((After Exceptional item)(not annualised))
- Basic
- Diluted
|
(0.93)
(0.93)
|
2.24
2.24
|
(0.01)
-
|
1.31
1.31
|
2.47
2.46
|
1.76
1.76
|
2.51
2.50
|
|
16
|
Aggregate of non promoter shareholding
-Number of Shares
- Percentage of
Shareholding |
58,890,947
65.45
|
58,887,446
65.45
|
58,890,947
65.45
|
58,887,446
65.45
|
58,890,947
65.45
|
|
|
| Notes: |
1.The company operates in only one segment - Industrial Intermediate Chemicals.
|
2. Previous year's figures have been regrouped wherever necessary.
|
3. The Board of Directors have recommended payment of 10% as dividend for approval of the Shareholders.
|
4. During the quarter, 258 investor complaints were received, all of which were disposed off by the company. There were no complaints at the beginning of the quarter.
|
5.The auditors' report on the accounts of the Company for the year ended 31st March 2005 contains the following comment :
"The Company has, during the period 1995 to 2003, invested Rs 2,764.50 lacs in SPIC Electric Power Corporation Private Limited for which no provision for permanent diminution in value has been considered necessary by the management. In view of the considerable delay in the implementation of the project, we are unable to express an opinion on the provision, if any, required in respect of the said investment''.
Board's comment : The company has, through sustained efforts for identifying a partner for implementing the project, during the year entered into a Memorandum Of Understanding with a party which provides for submission of a detailed technical specification and cost structure of the engineering, procurement, construction, erection and commissioning of the complete project and to develop a plan of finance for the project to achieve early financial closure. In view of these developments the management is hopeful of making progress in the project. As such, no provision for permanent diminution in the value of investment is considered necessary at this stage.
|
| |
The above Audited financial results were approved by the Board of Directors at its meeting held on 7th June, 2005.
|
Place
: Chennai
Date : 7th June, 2005
|
|
V. RAMANI
DIRECTOR AND CHIEF FINANCIAL OFFICER
|
|
