|
Unaudited
financial results for the quarter ended
30 June, 2003
|
(Rs.
in Lakh)
|
|
Sr.
No.
|
Particulars
|
Quarter
ended
30.06.2003
(Unaudited)
|
Quarter
ended
30.06.2002
(Unaudited)
|
Year
ended
31.03.2003
(Audited)
|
|
1.
|
Net
Sales/Income from Operations
|
3,185.87
|
1,976.00
|
11,152.62
|
|
2.
|
Other
Income
|
261.52
|
496.64
|
857.23
|
| |
|
|
|
3.
|
Total
Income
|
3,447.39
|
2,472.64
|
12,009.85
|
|
4.
|
Total
Expenditure
a)
(Increase)/decrease in Stock-in-trade
b)
Consumption of Raw Materials
c)
Purchase of Finished Products
d)
Staff cost
e)
Advertisement and Sales Promotion
f)
Other Expenditure
|
2,847.99
(276.86)
66.46
1,571.73
222.04
323.59
941.03
|
2,068.27
(212.09)
77.24
1,018.81
221.25
213.03
750.03
|
10,287.61
(343.59)
310.54
5,058.33
769.32
908.72
3584.29
|
|
5.
|
Profit
before Interest and Depreciation
|
599.40
|
404.37
|
1,722.24
|
| 6. |
Interest |
-
|
0.45
|
2.53
|
|
7. |
Depreciation |
67.85
|
63.42
|
274.75
|
| |
|
|
|
8.
|
Profit
before tax and Diminution
in value of Long Term Investments
|
531.55
|
340.50
|
1,444.96
|
|
9.
|
Provision
for Diminution in value of
Long Term Investments
|
-
|
-
|
240.00
|
| 10. |
- Provision
for taxation- Current Tax
- Provision
for taxation-Deferred Tax
|
103.00
5.00
|
95.45
13.30
|
197.00
23.42
|
| |
|
|
|
11.
|
Net
Profit
|
423.55
|
231.75
|
984.54
|
| 12. |
Extraordinary
Income
Excess/(Short)
Tax Provision for prior years (net)
|
1.85
|
693.97
|
704.60
|
| |
|
|
|
13.
|
Profit
for the period
|
425.40
|
925.72
|
1689.14
|
| 14. |
Paid-up
Equity Share Capital |
1,311.78
|
1,311.78
|
1,311.78
|
|
15.
|
(Face
value: Rs.10 per share)
Reserves
excluding Revaluation Reserve
|
-
|
-
|
18,488.92
|
| 16. |
Basic
and Diluted Earnings per share (Rs.)
(not annualised) |
3.24
|
7.06
|
12.88
|
|
17.
|
Aggregate
of Non-Promoter Shareholding
Number
of Shares
Percentage
of Shareholding
|
9,373,120
71.45%
|
9,644,331
73.52%
|
9,399,965
71.66%
|
Notes
- Retail sales
for the quarter forming part of (1) above
increased by 54% over the corresponding
quarter of the previous year and corresponding
contribution of the Retail Business to
the Company's profit has also improved.
- The profit
for the current quarter is not comparable
with the corresponding quarter of previous
year which included in "Other Income"
interest received on Income Tax refund
of Rs. 379.84 lakhs and excess provision
of Income Tax written back Rs. 693.97
lakhs.
- Consequent
to the new Accounting Standard on Intangible
Assets (AS - 26) becoming mandatory effective
from 1st April 2003, Intangible
Assets amounting to Rs.323.02 lakhs have
been adjusted against the Reserves as
on 1st April 2003 and the Reserves
now stand at Rs.18,165.90 lakhs.
- In terms
of amended Clause 41 of the Listing Agreement,
details of number of investors complaints
for the quarter ended 30th
June, 2003 are as under:
Opening Balance Nil, Received during
the quarter 2, Disposed off 2, Pending
Nil
- Previous
period's figures have been regrouped wherever
necessary.
- The above
Unaudited Financial Results were taken
on record by the Board of Directors of
the Company at its Meeting held on 28th
July, 2003 and results for the quarter
ended 30th June, 2003 have
been reviewed by the Auditors of the Company.
Segment wise
Revenue, Results and Capital Employed, under
clause 41 of the Listing Agreement.
|
(Rs.
in Lakh)
|
|
Particulars
|
Unaudited
for Quarter
ended
30.06.2003
|
Unaudited
for Quarter
ended
30.06.2002
|
Audited
for the year
ended
31.03.2003
|
|
Segment
Revenue
|
|
|
|
|
a)Retailing
|
3,073.66
|
1,994.77
|
10,656.23
|
|
b)Income
from Current Investments
|
175.06
|
20.99
|
695.20
|
|
Total
Segment Revenue
|
3,248.72
|
2,015.76
|
11,351.43
|
|
Less
: Inter Segment Revenue
|
-
|
-
|
-
|
|
Net
Segment Revenue
|
3,248.72
|
2,015.76
|
11,351.43
|
|
Segment
Results (Profit before Interest
and Tax)
|
|
|
|
|
a)Retailing
|
179.02
|
-46.14
|
264.30
|
|
b)Income
from Current Investments
|
175.06
|
20.99
|
695.20
|
|
Total
Segment Results
|
354.08
|
-25.15
|
959.50
|
|
Less
:Interest Expenses
|
-
|
0.45
|
2.53
|
|
Add
:Other Unallocable Income net
of other Unallocable Expenditure
|
177.47
|
366.10
|
247.99
|
|
Total
Profit Before Tax
|
531.55
|
340.50
|
1,204.96
|
|
Capital
Employed (Segment Assets less
Segment Liabilities)
|
|
|
|
|
a)Retailing
|
9,356.12
|
6,673.96
|
9,095.85
|
|
b)
Current Investments
|
7,671.18
|
8,291.75
|
7,376.13
|
|
Total
Capital Employed in Segments
|
17,027.30
|
14,965.71
|
16,471.98
|
|
Add
: Unallocable Assets less Unallocable
Liabilities
|
2,875.76
|
4,191.52
|
3,328.72
|
|
Total
Capital Employed in Company
|
19,903.06
|
19,157.23
|
19,800.70
|
Notes :
- Segments
have been identified in line with the
Accounting Standard on Segment Reporting(AS
17) taking into account the Companys
organization structure as well as the
differential risks and returns of these
Segments.
- Segment
Revenue, Results and Capital Employed
figures include the respective amounts
identifiable
to each of the Segments. Other unallocable
income for the quarter ended 30th June
2003 includes income from long term investment
of surplus funds, interest on Income Tax
refund of Rs. 1.59 lakhs (corresponding
previous quarter - Rs. 379.84 lakhs.).Other
unallocable expenditure includes expenses
incurred at Corporate level which relate
to Company
as a whole.
Unallocated
assets mainly relate to long term investments.
|
