TAMILNADU PETROPRODUCTS LIMITED
Unaudited Results(provisional) for the Quarter ended
30th September 2004
|
| (Rs.
in lacs) |
|
Sl.
No
|
Description
|
Quarter ended 30.09.2004
(UNAUDITED)
|
Corresponding
quarter ended 30.09.2003
(UNAUDITED)
|
Half year ended 30.09.2004
(UNAUDITED)
|
Corresponding
Half year ended 30.09.2003
(UNAUDITED)
|
Year ended 31.03.2004
(AUDITED)
|
|
1
|
Net Sales (Including
excise duty) |
22,306 |
18,216 |
41,440 |
37,230 |
75,410 |
|
2
|
Other Income |
133 |
210 |
386 |
307 |
539 |
|
3
|
Total
Expenditure |
20,011 |
15,139 |
36,898 |
31,213 |
63,903 |
|
|
a) (Increase)/Decrease in stock-in-trade |
(1,370) |
(1,164) |
(1,773) |
(665) |
(816) |
|
|
b)
Consumption of raw materials |
9,883 |
6,559 |
17,969 |
13,465 |
27,206 |
| |
c)Purchase
of traded goods |
1,826 |
195 |
1,826 |
195 |
625 |
|
|
d)
Stores consumed |
918 |
929 |
1,761 |
1,575 |
3,254 |
|
|
e)
Staff cost |
484 |
560 |
971 |
1,039 |
1,979 |
|
|
f)
Power and fuel |
3,193 |
2,986 |
6,088 |
6,037 |
11,796 |
|
|
g)
Excise duty |
2,512 |
2,385 |
5,010 |
4,635 |
9,252 |
|
|
h)
Other expenditure |
2,565 |
2,689 |
5,046 |
4,932 |
10,607 |
|
4
|
Interest
(net) |
707 |
851 |
1,378 |
1,801 |
3,493 |
|
5
|
Depreciation
|
1,260 |
1,169 |
2,494 |
2,333 |
4,725 |
|
6
|
Profit
before tax and exceptional items (1+2-3-4-5) |
461 |
1,267 |
1,056 |
2,190 |
3,828 |
|
7
|
Exceptional items
a) Loss on sale of investments (net)
b) Write back / (Provision) for diminution in value of investments
|
(362)
565
|
-
-
|
(362)
415
|
-
-
|
(92)
(100)
|
|
8
|
Profit before taxation (6+7)
|
664 |
1,267 |
1,109 |
2,190 |
3,636 |
|
9
|
Provision
for taxation
- Current
- Deferred
|
40
497
|
570
(60)
|
300
401
|
910
(139)
|
1,400
15
|
|
10
|
Profit after Tax
(8-9) |
127 |
757 |
408 |
1,419 |
2,221 |
|
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) |
|
|
|
|
29,094 |
13 |
Earnings
per share in Rs.(not annualised)
- Basic
- Diluted |
0.14
0.14
|
0.84
0.84
|
0.45
0.45
|
1.58
1.57
|
2.47
2.46
|
13 |
Aggregate of non promoter shareholding
- Number of Shares
- Percentage of shareholding |
58,887,446
65.45
|
58,889,072
65.45
|
58,887,446
65.45
|
58,889,072
65.45
|
58,890,947
65.45
|
Notes:
-
Profitability for the current quarter has been adversely affected due to continued increase in prices of raw material and fuel oil.
-
The company has an investment of Rs 2764.50 lacs in its 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. SEPC is in discussion with certain parties to develop the said 525 MW power project. In view of this, the management is confident of implementing the project.
-
During the quarter, 297 investor complaints were received, all of which were disposed off by the company. There were no complaints at the beginning of the quarter.
-
The company operates in only one segment - Industrial Intermediate Chemicals.
-
Previous year's figures have been regrouped wherever necessary.
-
The statutory auditors of the company have carried out a limited review of the unaudited financial results for the quarter ended 30th September, 2004.
The above unaudited financial results were approved by the Board of Directors at its meeting held on 27th October, 2004.
|
Place
: Chennai 600 068
Date : 27th October, 2004.
|
|
V. RAMANI
DIRECTOR AND CHIEF FINANCIAL OFFICER
|
|
