TAMILNADU PETROPRODUCTS LIMITED
Unaudited Results(provisional) for the Quarter ended 30th Sep 2005 |
| (Rs.
in lacs) |
Sl.
No |
Description |
Quarter
ended 30.09.2005
(UNAUDITED) |
Corresponding
quarter ended
30.09.2004
(UNAUDITED) |
Half Year
ended
31.03.2005
(UNAUDITED)
|
Corresponding
Half year
ended
31.03.2005
(UNAUDITED) |
Year ended
31.03.2005
(AUDITED |
1 |
Net sales
(Including excise duty) |
24,064 |
22,306 |
45,670 |
41,440 |
83,033 |
2 |
Other income |
111 |
133 |
293 |
386 |
676 |
3 |
Total expenditure |
|
|
|
|
|
|
a) (Increase)/Decrease in
stock-in-trade |
(1,992) |
(1,370) |
688 |
(1,773) |
(3,313) |
|
b) Consumption of raw materials |
11,670 |
9,883 |
20,053 |
17,969 |
36,852 |
|
c) Purchase of traded goods |
- |
1,826 |
- |
1,826 |
5,018 |
|
d) Stores consumed |
1,019 |
918 |
1,780 |
1,761 |
2,503 |
|
e) Staff cost |
590 |
484 |
1,204 |
971 |
1,947 |
|
f) Power and fuel |
3,895 |
3,193 |
6,943 |
6,088 |
11,804 |
|
g) Excise duty |
2,905 |
2,613 |
5,421 |
4,992 |
9,761 |
|
h) Other expenditure |
4,023 |
2,464 |
6,272 |
5,064 |
10,807 |
4 |
Interest (net) |
532 |
707 |
1,069 |
1,378 |
2,697 |
5 |
Depreciation |
967 |
1,260 |
1,946 |
2,494 |
4,982 |
6 |
Profit before tax and
exceptional items (1+2-3-4-5) |
566 |
461 |
587 |
1,056 |
651 |
7 |
Exceptional items |
|
|
|
|
|
|
(a) Loss on sale of investments
(net) |
(15) |
(362) |
(87) |
(362) |
(530) |
|
(b) (Provision)/write back of
provision for
diminution in value |
17 |
565 |
132 |
415 |
568 |
|
of investments (net) |
|
|
|
|
|
8 |
Profit before taxation (6+7) |
568 |
664 |
632 |
1,109 |
689 |
9 |
Provision for taxation |
|
|
|
|
|
|
- current |
255 |
40 |
264 |
300 |
54 |
|
- earlier years |
- |
- |
- |
- |
(41) |
|
- deferred |
(258) |
497 |
(389) |
401 |
(506) |
|
- fringe benefit |
8 |
- |
14 |
- |
- |
10 |
Profit after tax (8-9) |
563 |
127 |
743 |
408 |
1,182 |
11 |
Paid up equity share capital |
8,997 |
8,997 |
8,997 |
8,997 |
8,997 |
|
(Face value per share of
Rs.10/- each) |
|
|
|
|
|
12 |
Reserves
(excluding revaluation reserve) |
|
|
|
|
28,576 |
13 |
Earning per share in Rs. |
|
|
|
|
|
|
[(After Exceptional items) |
|
|
|
|
|
|
(not annualised)] |
|
|
|
|
|
|
- Basic |
|
0.14 |
0.83 |
0.45 |
1.31 |
|
- Diluted |
|
0.14 |
0.83 |
0.45 |
1.31 |
14 |
Aggregate of non promoter
shareholding |
|
|
|
|
|
|
- Number of Shares |
58,887,446 |
58,887,446 |
58,887,446 |
58,887,446 |
58,887,446 |
|
- Percentage of Shareholding |
65.45 |
65.45 |
65.45 |
65.45 |
65.45 |
|
Notes:
-
Profitability for the current quarter has been affected due to increase in prices of raw material and fuel oil not matched by the selling prices of Linear Alkyl Benzene in the international market.
-
The comment made by the Auditors' in their audit report on the accounts of the Company for the year ended 31st March, 2005 and the explanation of the Board are as under:
Auditors 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 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 the current quarter the matter has been further discussed with the party for taking the project forward. In view of these developments, the management is of the opinion that no provision for permanent diminution in the value of investment is considered necessary at this stage.
- During the quarter, 197 investor complaints were received and were disposed of 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 June, 2005.
The above unaudited financial results were approved by the Board of Directors at its meeting held on 26th July, 2005.
|
Place
: Chennai
Date : 26th July, 2005
|
|
V. RAMANI
DIRECTOR AND CHIEF FINANCIAL OFFICER
|
|
