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Our businesses > Tata companies > CMC > Media releases |
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Audited financial results for the year ended 31st March, 2003
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(Rs in lakh) |
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Particulars |
Quarter Ended |
Year Ended
Audited |
Year Ended
Consolidated Audited |
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3/31/2003 |
3/31/2002 |
3/31/2003 |
3/31/2002 |
3/31/2003 |
3/31/2002 |
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Net Sales / Income from Operations |
23687.73 |
20809.42 |
60798.68 |
54669.80 |
67235.02 |
63045.49 |
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Other Income |
351.96 |
577.36 |
674.45 |
1863.36 |
674.45 |
1355.68 |
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Total Income |
24039.69 |
21386.78 |
61473.13 |
56533.16 |
67909.47 |
64401.17 |
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Total Expenditure: |
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a) Material Cost |
13580.12 |
10377.18 |
27045.10 |
22258.11 |
27100.97 |
22289.00 |
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b) Staff expenditure |
2798.14 |
3590.55 |
12037.35 |
11280.98 |
19249.59 |
21838.52 |
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c) Other expenditure |
4901.98 |
5359.18 |
15775.77 |
16884.06 |
14972.63 |
15614.75 |
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Profit before Interest, Depreciation and Tax |
2759.45 |
2059.87 |
6614.91 |
6110.01 |
6586.28 |
4658.90 |
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Interest (net) |
71.86 |
15.05 |
143.71 |
195.24 |
160.49 |
186.21 |
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Depreciation |
227.28 |
210.35 |
804.80 |
804.25 |
888.58 |
906.72 |
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Profit before Tax |
2460.31 |
1834.47 |
5666.40 |
5110.52 |
5537.21 |
3565.97 |
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Provision for Taxation |
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Current Tax |
899.37 |
659.79 |
2019.37 |
1815.79 |
1933.63 |
1670.17 |
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Deferred Tax |
179.07 |
(136.16) |
(58.33) |
(69.16) |
(33.20) |
(69.16) |
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Net Profit |
1381.87 |
1310.84 |
3705.36 |
3363.89 |
3636.78 |
1964.96 |
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Paid-up Equity Share Capital |
1515.00 |
1515.00 |
1515.00 |
1515.00 |
1515.00 |
1515.00 |
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( Face value Rs.10/- each) |
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Reserves excluding revaluation reserves |
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10728.32 |
7763.26 |
10603.55 |
7722.82 |
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Earning per Share - Basic & Diluted (Rs.) |
9.12 |
8.65 |
24.46 |
22.20 |
24.00 |
12.97 |
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Aggregate of non-promoter shareholding |
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- Number of shares |
33,98,665 |
25,09,339 |
33,98,665 |
25,09,339 |
33,98,665 |
25,09,339 |
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- Percentage of shareholding |
22.43 |
16.56 |
22.43 |
16.56 |
22.43 |
16.56 |
Notes
- The above results have been taken on record by the Board of Directors at its meeting held on May 7, 2003.
- Consolidated results comprises consolidation of the financial results of CMC Limited and its wholly owned subsidiary Baton Rouge International, Inc. which is incorporated in the United States of America.Consolidated financial statements are prepared in accordance with Accounting Standard - 21 issued by ICAI.
- The non-promoter shareholding has increased consequent upon Government of India (one of the promoter shareholders) selling part of its shareholding to the employees of the Company.
- The Board of Directors of the Company has recommended a dividend of Rs.4 per equity share of Rs 10/- each for the year subject to approval of shareholders.
- Figures have been regrouped, wherever necessary, for the purpose of comparison.
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New Delhi
Dated: 7 May 2003 |
S. S. Ghosh
Managing Director & CEO |
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