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| UNAUDITED FINANCIAL
RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30TH SEPTEMBER, 2004. |
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(Rs.in Lacs) |
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Quarter ended |
Half-year ended |
Year ended |
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| Sl. |
Particulars |
30.09.2004 |
30.09.2003 |
30.09.2004 |
30.09.2003 |
31.03.2004 |
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| No. |
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(UNAUDITED) |
(UNAUDITED) |
(AUDITED) |
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| 1 |
Net Sales |
887.52 |
623.92 |
1640.87 |
1246.01 |
2483.99 |
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| 2 |
Other Income |
1.87 |
4.38 |
2.55 |
7.06 |
23.43 |
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| 3 |
Total Expenditure : |
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a) (Increase) / Decrease in stock in trade |
(39.73) |
(50.40) |
22.72 |
(100.76) |
(86.80) |
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b) Consumption of Raw-materials |
527.21 |
321.39 |
878.01 |
652.52 |
1269.82 |
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c) Staff cost |
45.54 |
41.50 |
87.05 |
82.18 |
180.87 |
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d) Other Expenditure |
269.89 |
236.54 |
476.81 |
447.25 |
801.53 |
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| 4 |
Interest |
27.69 |
25.98 |
50.83 |
58.49 |
123.10 |
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| 5 |
Depreciation |
22.59 |
22.50 |
45.89 |
44.46 |
90.65 |
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| 6 |
Profit before tax |
36.20 |
30.80 |
82.11 |
68.93 |
128.24 |
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| 7 |
Provision for taxation |
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a) Current Taxes |
9.42 |
3.91 |
24.92 |
7.47 |
19.67 |
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b) Deferred Taxes |
8.11 |
3.24 |
9.44 |
6.55 |
25.04 |
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| 8 |
Net Profit |
18.67 |
23.65 |
47.75 |
54.91 |
83.53 |
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| 9 |
Paid-up Equity Share Capital |
572.37 |
572.37 |
572.37 |
572.37 |
572.37 |
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(Face Value : Rs.10/- per share) |
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| 10 |
Reserves excluding revaluation reserves |
-
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- |
- |
- |
305.45 |
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| 11 |
Basic and diluted EPS
(Rs.) |
0.33* |
0.41* |
0.83* |
0.96* |
1.27 |
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| 12 |
Aggregate of Non-Promoters Share Holding: |
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Number of Shares |
-
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2582444 |
2581544 |
2584944 |
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Percentage of Shares |
-
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45.12 |
45.1 |
45.16 |
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| *
Not annualised |
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| Notes
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| 1 |
The
above results were reviewed by the Audit Committee and taken on record by
the Board of Directors of the Company |
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at
its meeting held on 30th October, 2004 subject to the limited review by
the Statutory Auditors of the Company. |
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| 2 |
The Company operates in
a single primary business segment namely manufacture of "Packing Materials". |
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| 3 |
Previous
year's figures have been regrouped wherever necessary. |
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| 4 |
Details of investor complaints
for the quarter ended September 30, 2004 ; beginning - Nil ; received - Nil ; disposed off - Nil and ending - Nil. |
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| 5 |
DIVIDEND
@ 8% on the Equity Shares was declared in the Annual General Meeting of
the Company held on 27.9.2004 |
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and
the dividend warrants were despatched to the shareholders on 15.10.2004. |
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| 6 |
The
Expansion plans to the tune of Rs.468 Lakhs was approved by the Board of
Directors. The first phase of expansion |
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at
the existing plant is in progress and next phase of expansion is expected
to commence in 4th Quarter of 2004-2005. |
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The
entire expansion is expected to be completed commercial production in Ist Quarter of 2005-2006. |
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| 7 |
The
Income-Tax provision is higher in the current quarter due to phase out of
Section 80HHC benefits on export profits |
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from the curent financial year. |
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For and on
behalf of the Board |
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| Place : Chennai |
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G.SUDHAKAR |
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| Date : 30.10.2004 |
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MANAGING DIRECTOR |
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