TAMILNADU PETROPRODUCTS LIMITED
Unaudited Results(provisional) for the Quarter ended
30th September 2003
|
| (Rs.
in lacs) |
|
Sl.
No
|
Description
|
Quarter ended 30.09.2003
(UNAUDITED)
|
Corresponding
quarter ended 30.09.2002
(UNAUDITED)
|
Half
Year ended
30.09.2003
(UNAUDITED)
|
Corresponding
half year ended
30.09.2002
(UNAUDITED)
|
Year ended 31.03.2003 (AUDITED)
|
|
1
|
Net Sales (Including
excise duty) |
18,216 |
18,643 |
37,230 |
35,107 |
73,614 |
|
2
|
Other Income |
210 |
46 |
307 |
113 |
272 |
|
3
|
Total
Expenditure |
15,139 |
15,623 |
31,213 |
27,484 |
61,364 |
|
|
a) (Increase)/Decrease in stock-in-trade |
(1,164) |
1,943 |
665 |
117 |
2,317 |
|
|
b)
Consumption of raw materials |
6,559 |
5,700 |
13,465 |
10,742 |
24,168 |
| |
c)Purchase
of traded goods |
195 |
- |
195 |
- |
- |
|
|
d)
Stores consumed |
929 |
907 |
1,575 |
1,717 |
3,402 |
|
|
e)
Staff cost |
560 |
510 |
1039 |
939 |
2,015 |
|
|
f)
Power and fuel |
2,986 |
3,202 |
6,037 |
6,570 |
13,553 |
|
|
g)
Excise duty |
2,385 |
1,481 |
4,635 |
3,832 |
7,901 |
|
|
h)
Other expenditure |
2,689 |
1,880 |
4,932 |
3,567 |
8,008 |
|
4
|
Interest
(net) |
851 |
657 |
1,801 |
1,691 |
3,813 |
|
5
|
Depreciation
|
1,169 |
1,105 |
2,333 |
2,197 |
4,998 |
|
6
|
Profit
before tax (1+2-3-4-5) |
1,267 |
1,304 |
2,190 |
3,848 |
3,711 |
|
7
|
Provision
for taxation
- Current
- Deferred
|
570
(60) |
374
428 |
910
(139) |
1050
525 |
605
503 |
|
8
|
Net Profit after Tax
(6-7) |
757 |
502 |
1,419 |
2,273 |
2,603 |
|
9
|
Extraordinary
item |
- |
- |
- |
- |
(300) |
|
10
|
Net
profit/(loss) after extraordinary item |
757 |
502 |
1,419 |
2,273 |
2,303 |
|
11
|
Paid-up
equity share capital
(Face value per share of Rs.10/- each) |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
|
12
|
Reserves
(excluding revaluation reserves) |
|
|
|
|
29,300 |
13 |
Earnings
per share in Rs.((After Extraordinary item)(not annualised))
- Basic
- Diluted |
0.84
0.84
|
0.56
0.55
|
1.58
1.57
|
2.53
2.51
|
2.56
2.55
|
|
14
|
Aggregate
of
non-promoter shareholding
-Number of shares
-Percentage of share
holding
|
58,889,072
65.45
|
58,888,872
65.45
|
58,889,072
65.45
|
58,888,872
65.45
|
58,888,072
65.45 |
|
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER ENDED 30th September 2003
(Rs.
in Lacs)
|
|
Sl.
No
|
|
Quarter
Ended
30.09.2003
|
Corresponding
quarter ended
30.09.2002
|
Half
year
Ended
30.09.2003 |
Corresponding
Half Year Ended
30.09.2002
|
Year
ended
31.03.2003
|
| 1
|
Segment Revenue
A) Industrial Intermediate Chemicals |
18,216 |
18,643 |
37,230 |
35,107 |
73,614 |
|
|
B)
Others |
- |
- |
- |
- |
- |
|
|
Net
sales/income from operations |
18,216 |
18,643 |
37,230 |
35,107 |
73,614 |
|
2 |
Segment
Results(Profit(+)/Loss(-) before tax and interest from
each segment)
A) Industrial Intermediate Chemicals |
1,973 |
1,921 |
3,813 |
5,499 |
7,408 |
|
|
B)
Others |
- |
- |
- |
- |
- |
|
|
Total
|
1,973 |
1,921 |
3,813 |
5,499 |
7,408 |
|
|
Less:
i) Interest (net)
ii) Other un-allocable expenditure net off un-allocable
income |
851
(145) |
657
(40) |
1,801
(178) |
1,691
(40) |
3,813
(116) |
| |
Total
Profit before Tax |
1,267 |
1,304 |
2,190 |
3,848 |
3,711 |
| |
|
|
|
As
at
30.09.2003 |
As
at
30.09.2002 |
As
at
31.03.2003
|
|
3 |
Capital
Employed
(Segment
Assests - Segment Liabilities)
A) Industrial
Intermediate Chemicals
|
|
|
38,674 |
35,374 |
38,641 |
|
|
B)
Others |
|
|
- |
3,482 |
1,756 |
|
|
Total
|
|
|
38,674 |
38,856 |
40,397
|
| |
Other
un-allocable assests net off un-allocable Liabilities |
|
|
7,391 |
8,613 |
6,323 |
| |
Total
|
|
|
46,065 |
47,469 |
46,720 |
Notes:
-
Profitability for the current quarter has been
affected due to continued high level of prices
of raw materials, power and fuel.
-
The company has an investment in equity of Rs.2764.50
lacs in it's subsidiary, SPIC Electric Power Corporation
(Private) Limited (SEPC), formed for setting up
a 525 MW coal based power plant at Tuticorin.
SEPC has filed a writ petition seeking a direction
to TNEB for early resolution of outstanding issues,
the outcome of which is awaited.
-
In order to comply with Accounting Standard 26 -
'Intangible Assets' which has become mandatory with
effect from 1st April, 2003, the company has decided
to amortise the license fee for patent rights and
technical information (intangible assets) over five
years, with retrospective effect. Consequently the
difference between the restated and original carrying
amounts as at 1st April, 2003 of Rs. 1159 lacs (net
of adjustment for deferred taxation of Rs 648 lacs)
has been adjusted to opening general reserve as
at 1st April, 2003. As a result of the change, the
depreciation charge for the current quarter is lower
by Rs. 102 lacs. Figures of the quarter and half
year ended 30th September, 2002 have been recast,
for the said change in the accounting policy, to
make it comparable to those of the current quarter
and half year.
-
During the quarter, 199 investor complaints were
received, all of which were disposed off by the
company. The only complaint that was pending at
the beginning of the quarter was resolved during
the current quarter
-
The statutory auditors of the company have carried
out a limited review of the unaudited financial
results for the quarter ended 30th September, 2003.
The
above unaudited financial results have been taken
on record by the Board of Directors at its meeting
held on 29th October, 2003.
|
Place
: Chennai 600 068
Date : 29th October, 2003
|
|
D.
ARUNACHALAM
MANAGING DIRECTOR & CEO
|
|
