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TAMILNADU PETROPRODUCTS LIMITED
Regd. Office:Manali Express Highway, Manali, Chennai - 600 068
AUDITED FINANCIAL RESULTSFOR THE YEAR ENDED 31ST MARCH 2008
(Rs. in Lacs)
CONSOLIDATED
Sl.No
Particulars
Quarter
ended
31.03.2008(Unaudited)
Corres
ponding
Quarter
ended
31.03.2007
(Unaudited)
Year
ended
1.03.2008(Audited)

Year
ended
31.03.2007(Audited)
Year
ended
31.03.2008(Audited)
Year
ended
31.03.2007(Audited)
1 Net sales / Income from operations
22,985
19,618
77,791
82,860
77,844
83,018
2 Other income
1,419
408
2,451
891
2,377
824
3 Total Income (1 + 2)
24,404
20,026
80,242
83,751
80,221
83,842
4 Expenditure
a) (Increase)/Decrease in stock-in-trade and work in progress
2,494
1,630
2,298
(738)
2,298
(738)
b) Consumption of raw materials
11,063
9,089
42,570
44,241
42,570
44,241
c) Purchase of traded goods
-
-
769
-
769
-
d) Employees cost
329
447
1,934
2,021
1,934
2,021
e) Power and Fuel
5,019
3,444
16,682
16,197
16,682
16,197
f) Depreciation
822
804
3,282
3,312
3,282
3,312
g) Other expenditure
3,353
3,467
12,151
17,771
12,972
18,222
h) Total
23,080
18,881
79,686
82,804
80,507
83,255
5 Interest (net)
573
384
2,394
2,474
2,038
2,049
6 Profit / (Loss) before tax (3) - (4+5)
751
761
(1,838)
(1,527)
(2,324)
(1,462)
7 Tax expense
- current
-
-
-
-
17
8
- deferred
(1,038)
(26)
(663)
(437)
(663)
(437)
- fringe benefit
5
2
15
16
15
16
8 Net Profit / (Loss) after tax (6-7)
1,784
785
(1,190)
(1,106)
(1,693)
(1,049)
9 Share of Profit of Associate
36
362
10 Net Profit / (Loss) (8+9)
1,784
785
(1,190)
(1,106)
(1,657)
(687)
11 Paid up equity share capital
8,997
8,997
8,997
8,997
8,997
8,997
(Face value per share of Rs.10/- each)
12 Reserves (excluding revaluation reserve)
25,442
26,648
24,591
26,264
13 Earnings per share in Rs.(not annualised)]- Basic and diluted
1.98
0.87
(1.32)
(1.23)
(1.84)
(0.76)
14 Public shareholding
- Number of Shares
58,888,047
58,887,446
58,888,047
58,887,446
58,888,047
58,887,446
- Percentage of Shareholding
65.45
65.45
65.45
65.45
65.45
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 There were no complaints pending as at the beginning of the quarter. During the quarter ended 31st March 2008, 62 investor complaints were received, all of which were disposed of by the Company.
4 The Auditors' report on the accounts of the Company for the year ended 31st March 2008 contains the following comment :
" The Company has,during the period 1995 to 2003, invested Rs.2764.50 lacs in SPIC Electric Power Corporation (Private) Limited and given advances against equity amounting to Rs.33.91 lacs during the financial years 2006 to 2008 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 advances against equity"
Board's comment : The Company and SPIC Electric Power Corporation (Private) Limited (SEPC) have executed a Memorandum of Understanding in June 2007 with an investor company for implementation of the power project. The Shareholders agreement between the investor company and the Company is under negotiation and is expected to be executed soon. The investor company has been meeting the day-to-day expenses of SEPC from August 2007. In view of these developments, no provision in the value of investment and advance against equity is considered necessary at this stage.
The above audited financial results were approved by the Board of Directors at its meeting held on 15th May, 2008.
Place : Chennai
V. RAMANI
Date : 15th May, 2008
DIRECTOR & CHIEF FINANCIAL OFFICER