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Our businesses > Tata companies > Tata Chemicals > Media releases |
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July 26, 2001
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Tata Chemicals
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Uaudited
financial results (provisional) for the
quarter ended 30th June 2001
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(
Rupees Crores )
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| Sr.
No |
Particulars |
Quarter
ended on
30-Jun-01
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Corresponding
quarter in the
Previous Year
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Previous
accounting Year
ended on 31-Mar-01
( Audited )
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1
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Net
sales / Income from operations |
291.42
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326.55
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1,502.14
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2
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Expenditure |
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a)
(Increase) / decrease in stock-in-trade |
(7.62)
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(8.25)
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0.91
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b)
Consumption of raw materials |
49.89
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72.02
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284.91
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c)
Purchase of traded products |
13.42
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-
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-
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d)
Staff cost |
15.52
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11.87
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62.51
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e)
Stores, spare parts, loose tools and
equipment consumed |
24.95
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30.08
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128.58
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f)
Power & fuel |
47.71
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48.71
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270.61
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g)
Other expenditure |
66.57
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95.85
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415.47
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Total
expenditure
( 2a to 2g ) |
210.44
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250.28
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1,162.99
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3
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Operating
profit |
80.98
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76.27
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339.15
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4
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Other
income |
3.75
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3.67
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231.97
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5
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Interest
(net ) |
31.37
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47.00
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162.16
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6
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Gross
profit after interest but before depreciation,
extraordinary items and tax |
53.36
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32.94
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408.96
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7
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Depreciation |
32.88
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33.47
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132.84
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8
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Profit
before tax and extraordinary items |
20.48
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(0.53)
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276.12
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9
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Extraordinary
Items |
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a)
Employees' separation compensation |
3.58
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3.23
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13.03
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b)
Provision for contingencies |
-
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-
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77.00
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10
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Profit
before tax ( 8 - 9 ) |
16.90
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(3.76)
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186.09
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11
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Provision
for tax |
3.71
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-
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21.14
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12
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Profit
after
tax ( 10 - 11 ) |
13.19
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(3.76)
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164.95
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13
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Paid
up equity share capital (Face value
: Rs. 10 per share) |
180.70
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180.70
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180.70
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14
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Reserves
excluding revaluation reserves |
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1,764.74
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15
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Basic
and diluted earnings per share
(not annualised) |
0.73
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-
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9.13
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16
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Aggregate
of non-promoter shareholding |
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-
Number of shares |
125,611,600
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126,543,422
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126,262,051
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Percentage of holding |
69.54%
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70.05%
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69.89%
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Notes:
- Restoration
and replacement work of the Turbines
and other facilities damaged in the
fire of 2 March 2001 at Mithapur is
progressing well. Sales and operating
income includes an amount of Rs. 16
crore on account of standing charges
(fixed cost) incurred during the quarter,
recoverable under the Loss of Profit
Policy.
- Pending
fixation of retention price by the Government,
revenue from sale of Urea is recognised
on the basis of provisional Retention
Price notified by the Government. Claims
for escalation and input costs, interest
subsidy and freight net of settlements
are accounted pending final issuance
of Government notification.
- In
accordance with the requirements under
new Accounting Standard (Accounting
for Taxes on Income – AS22) relating
to compulsory provision for deferred
taxation the tax provision for the quarter
April-June 2001 is lower by Rs. 1.21
crore, (arising mainly from difference
between book depreciation and income-tax
depreciation). The deferred tax provision
relating to previous years amounting
to Rs. 439.26 crore has been adjusted
against the reserves as on 1 April 2001
and the reserves now stand at Rs. 1325.48
crore.
- Figures
for quarter ended 30 June 2001 are not
comparable with those of corresponding
period last year, as the operating results
of Sabras Investment & Trading Company
Limited which has since been merged
with the Company, were not then reflected
pending completion of legal formalities.
This
has been taken on record in the board meeting
of date.
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Place:
Mumbai
Dated: 26 July 2001 |
Tata
Chemicals Ltd.
Ratan Tata
Chairman
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