TAMILNADU PETROPRODUCTS LIMITED
Unaudited Financial Results for the Quarter / Nine months ended 31st December
2007
|
| (Rs.
in lacs) |
| Sl.No |
Description
|
Quarter Ended
31.12.2007
(Unaudited) |
Corresponding
Quarter Ended
31.12.2006
(Unaudited) |
Nine Months
Ended
31.12.2007
(Unaudited) |
Corresponding
Nine Months Ended
31.12.2006
(Unaudited) |
Year
Ended 31.03.2007
(Audited) |
|
1 |
Net sales / Income from Operations
|
18,477 |
19,924 |
54,806 |
63,242 |
82,860 |
|
2 |
Other Income |
509 |
109 |
1,032 |
483 |
891 |
3 |
Total Income (1+2) |
18,986 |
20,033 |
55,838 |
63,725 |
83,751 |
|
4 |
Expenditure |
|
|
|
|
|
| |
a) (Increase)/ Decrease in stock-in-trade and work in progress |
239 |
(2,579) |
(196) |
(2,368) |
(738) |
| |
b) Consumption
of raw materials |
10,738 |
12,105 |
31,507 |
35,152 |
44,241 |
| |
c) Purchase
of traded goods |
- |
- |
769
|
- |
- |
| |
d) Employees cost |
464 |
529 |
1,605 |
1,574 |
2,021 |
| |
e) Power and fuel |
4,636 |
3,739 |
11,663 |
12,753 |
16,197 |
| |
f) Depreciation |
831 |
816 |
2,460 |
2,508 |
3,312 |
| |
g) Other expenditure |
2,633 |
4,640 |
8,798 |
14,304 |
17,771 |
| |
h) Total |
19,541 |
19,250 |
56,606 |
63,923 |
82,804 |
|
5 |
Interest |
572 |
620 |
1,821 |
2,090 |
2,474 |
|
6 |
Profit / (Loss) before tax (3) - (4+5) |
(1,127) |
163 |
(2,589) |
(2,288) |
(1,527) |
|
7 |
Tax expense |
|
|
|
|
|
| |
- current |
- |
- |
- |
- |
- |
| |
- deferred |
107 |
(159) |
375 |
(411) |
(437) |
| |
- fringe benefit |
3 |
5 |
10 |
14 |
16 |
|
8 |
Net Profit / (Loss) after tax (6-7) |
(1,237) |
317 |
(2,974) |
(1,891) |
(1,106) |
|
9 |
Paid-up
Equity Share capital
(Face value per share of Rs.10/-each) |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
|
10 |
Reserves
(Reserves excluding Revaluation Reserves) |
- |
- |
- |
- |
26,648 |
|
11 |
Earnings per Share [in Rs.] [not annualised] |
|
|
|
|
|
| |
a) Basic and diluted |
(1.37) |
0.35 |
(3.31) |
(2.10) |
(1.23) |
|
12 |
Public shareholding
- Number of Shares
- Percentage of Shareholding |
58,887,047
65.45 |
58,887,446
65.45 |
58,887,047
65.45 |
58,887,446
65.45 |
58,887,446
65.45 |
| Notes: |
1.The company operates in only one segment - Industrial Intermediate Chemicals.
|
2. Previous period's figures have been regrouped, wherever necessary.
|
3.During the quarter, 34 investor complaints were received and disposed of by the Company. There were no complaints at the beginning of the quarter.
|
4. 'The auditors' report on the accounts of the Company for the year ended 31st March 2007 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 and given advances against equity amounting to Rs. 28.72 lacs during the financial years 2006 and 2007, for which no provision 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 and advance against equity".
'Updated figures as on 31st December 2007 : Investment in equity shares Rs. 2,764.50 lacs and advances against equity Rs. 33.91 lacs.
'Board's comment : Pursuant to the Memorandum of Understanding entered into with an investor company in the previous quarter for implementation of the power project, the investor company has been meeting the day to day expenses of SPIC Electric Power Corporation (Private) Limited from August 2007. In view of these developments, no provision for permanent diminution in the value of investment is considered necessary at this stage.
5. The Statutory Auditors of the Company have carried out a Limited review of the Unaudited financial results for the quarter / nine months ended 31st December, 2007.
|
The above unaudited financial results were approved by the Board of Directors at its meeting held on 22nd January, 2008.
|
Place
: Chennai
Date : 22nd January, 2008
|
|
V. RAMANI
DIRECTOR AND CHIEF FINANCIAL OFFICER
|
|
