|
|
| |
|
| |
Our businesses > Tata companies > Tata Chemicals > Media releases |
|
|
July 27, 2004
|
|
Tata Chemicals
|
|
|
|
|
|
Unaudited
financial results for the quarter ended
30 June, 2004
|
(Rs.
in Crores)
|
|
|
Particulars
|
Unaudited
|
Audited
|
|
Quarter
ended 30 June, 2004
|
Corresponding
Quarter in the Previous Year
|
Year
ended 31 March, 2004
|
|
1
|
Sales
/ Income from Operations
|
548.84
|
440.50
|
2652.73
|
|
|
Less
: Excise Duty
|
28.42
|
25.92
|
108.58
|
|
|
Net
Sales/ Income from Operations
|
520.42
|
414.58
|
2544.15
|
|
2
|
Expenditure
|
|
|
|
|
|
a)
|
Decrease
/ (Increase) in stock-in-trade
|
(74.55)
|
(169.54)
|
(21.68)
|
|
|
b)
|
Consumption
of Raw Materials
|
233.03
|
231.46
|
975.47
|
|
|
c)
|
Cost
of Traded Goods
|
5.93
|
26.51
|
157.50
|
|
|
d)
|
Staff
Cost
|
24.66
|
24.76
|
97.93
|
|
|
e)
|
Stores,
Spare Parts and Consumables
|
27.83
|
25.24
|
139.80
|
|
|
f)
|
Power
& Fuel
|
92.51
|
74.87
|
321.68
|
|
|
g)
|
Freight
and Forwarding Charges
|
45.18
|
41.18
|
173.02
|
|
|
h)
|
Other
Expenditure
|
54.48
|
43.10
|
240.64
|
|
|
|
Total
Expenditure (2a to 2h)
|
409.07
|
297.58
|
2084.36
|
|
|
|
|
3
|
Profit
from Operations (1-2)
|
111.35
|
117.00
|
459.79
|
|
4
|
Other
Income
|
3.16
|
8.44
|
38.85
|
|
5
|
Interest
on Refunds of Tax
|
-
|
6.15
|
38.26
|
|
6
|
Interest
- net
|
7.20
|
16.24
|
50.91
|
|
7
|
Profit
after Interest but before Depreciation,
Exceptional Items and Tax (3+4+5-6)
|
107.31
|
115.35
|
485.99
|
|
8
|
Depreciation
|
34.40
|
35.90
|
144.15
|
|
|
|
|
9
|
Profit
before Exceptional Items and Tax (7-8)
|
72.91
|
79.45
|
341.84
|
|
10
|
Exceptional
Items
Employees' Separation Compensation
|
0.49
|
7.54
|
15.76
|
|
|
|
|
11
|
Profit
before Tax (9-10)
|
72.42
|
71.91
|
326.08
|
|
12
|
Provision
for Tax
|
26.78
|
23.10
|
105.55
|
|
|
|
|
13
|
Profit
after Tax (11-12)
|
45.64
|
48.81
|
220.53
|
|
14
|
Paid
up Equity Share Capital
(Face value : Rs. 10 per Share)
|
215.16
*
|
215.16
*
|
215.16
*
|
|
15
|
Reserves
excluding Revaluation Reserves
|
|
|
1820.18
|
|
|
|
|
16
|
Basic
and Diluted Earnings - Rs. per Share
(not annualised)
|
2.12
|
2.27
|
10.25
|
|
17
|
Aggregate
of Non-Promoter Shareholding
|
|
|
|
|
|
-
Number of Shares
|
160,214,369
|
159,896,769
|
160,214,769
|
|
|
-
Percentage of shareholding
|
74.48%
|
74.34%
|
74.48%
|
|
* Including adjustment for Share Suspense
of Rs.34.46 Crores for Shares to be
issued to the shareholders
|
Segment
wise revenue, results and capital employed
|
(Rs.
in Crores)
|
|
|
Particulars
|
Quarter
ended 30 June, 2004
|
Corresponding
Quarter in the Previous Year
|
Year
ended 31 March, 2004
|
|
1
|
Segment
Revenue
|
|
|
|
|
|
|
a.
Inorganic Chemicals
|
254.68
|
250.09
|
1012.14
|
|
|
|
b.
Fertilisers
|
265.74
|
169.27
|
1551.75
|
|
|
|
Total
|
520.42
|
419.36
|
2563.89
|
|
|
|
Less
: Inter segment revenue
|
-
|
4.78
|
19.74
|
|
|
|
Net
Sales / Income from Operations
|
520.42
|
414.58
|
2544.15
|
|
|
2
|
Segment
Result
|
|
|
|
|
|
|
Profit
/ (Loss) before Tax and Interest
|
|
|
|
|
|
|
a.
Inorganic Chemicals
|
57.31
|
73.19
|
205.64
|
|
|
|
b.
Fertilisers
|
31.88
|
19.07
|
151.90
|
|
|
|
Total
|
89.19
|
92.26
|
357.54
|
|
|
|
Less
:
|
|
|
|
|
|
|
(i)
Interest - net
|
7.19
|
16.24
|
50.91
|
|
|
|
(ii)
Unallocable expenditure net of
|
9.58
|
4.11
|
(19.45)
|
|
|
|
unallocable
income
|
|
|
|
|
|
|
Profit
before Tax
|
72.42
|
71.91
|
326.08
|
|
|
3
|
Capital
Employed
|
|
|
|
|
|
|
a.
Inorganic Chemicals
|
779.39
|
1011.58
|
894.30
|
|
|
|
b.
Fertilisers
|
1361.73
|
1646.01
|
1464.76
|
|
Notes:
- Revenue
in respect of Urea is recognized based
on the provisional concessional rates
notified by the Government pending fixation
of the final concessional rates. Claims
for escalation on input cost have been
taken into account based on the estimates,
pending final notification of the rates
by the Government.
- In
pursuance of Accounting Standard 28
Impairment of Assets (AS 28) issued by
the Institute of Chartered Accountants
of India, the Company has assessed whether
there is any indication that an asset
may be impaired. Based on such assessment,
the Company has concluded that there is
an impairment of certain assets, and the
impairment loss of Rs.106.29 crores, net
of deferred tax credit of Rs.38.89 crores
has been adjusted against the opening
balance of general reserves as at April
1, 2004, as per the transitional provision.
- Provision
for tax considers the effect of the changes,
including the cess proposed in the Finance
Bill, 2004.
-
Status
of complaints received from investors
during the quarter, complaints resolved
and those pending are as follows :-
|
Particulars
of Complaints
|
Numbers
|
|
Outstanding
as on 01 April 2004
|
25
|
|
Received
during the quarter
|
17
|
|
Resolved
during the quarter
|
38
|
|
Outstanding
as on 30 June 2004
|
4
|
-
The
Statutory Auditors have carried out
a Limited Review of the results for
the quarter ended 30 June 2004.
-
The
previous period figures have been restated
to include those of the erstwhile Hind
Lever Chemicals Limited (HLCL), and
these have been regrouped/rearranged
wherever necessary.
This
has been taken on on record in the board
meeting of date
|
Place:
Mumbai
Dated: July 23, 2004 |
Tata
Chemicals Ltd.
Ratan Tata
Chairman
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
