|
Unaudited financial results (Provisional) for three months endedJune 30, 2002
|
Rs in crores |
|
Particulars |
|
Three months ended
June 30 |
Previous
Year ended |
|
2002 |
2001 |
31-03-2002 |
|
Income from operations |
185.24 |
192.34 |
779.43 |
|
Other income |
1.20 |
1.79 |
5.81 |
|
|
|
Total income from operations |
186.44 |
194.13 |
785.24 |
|
Total expenditure |
158.47 |
163.46 |
685.73 |
|
(a) (Increase) / Decrease in stock |
(0.33) |
(14.75) |
8.65 |
|
(b) Consumption of raw materials |
29.86 |
38.26 |
119.73 |
|
(c) Staff costs |
56.50 |
59.26 |
243.60 |
|
(d) Other expenditure |
72.44 |
80.69 |
313.75 |
|
|
|
Profit before interest and depreciation |
27.97 |
30.67 |
99.51 |
|
Interest (Net) |
5.44 |
5.19 |
21.39 |
|
|
|
Gross profit after interest but before depreciation and taxation |
22.53 |
25.48 |
78.12 |
|
Depreciation |
5.22 |
5.04 |
21.66 |
|
|
|
Profit before tax from core operations |
17.31 |
20.44 |
56.46 |
|
Dividend income |
7.79 |
|
20.16 |
|
Profit from sale of shares |
|
|
9.19 |
|
|
|
Profit before tax |
25.10 |
20.44 |
85.81 |
|
Provision for taxation |
|
|
|
|
(a) Normal |
4.92 |
4.30 |
15.38 |
|
(b) Deferred |
0.83 |
0.91 |
(1.53) |
|
|
|
Profit after tax |
19.35 |
15.23 |
71.96 |
|
|
|
Paid up equity share capital (face value of Rs 10 each) |
56.22 |
56.22 |
56.22 |
|
Reserves excluding Revaluation Reserve |
- |
- |
889.90 |
|
Earnings per share (Not annualised)-Rs |
3.44 |
2.71 |
12.80 |
|
Aggregate of Non Promoter Shareholdings |
|
|
|
|
-Number of shares |
39,449,734 |
39,360,080 |
39,628,584 |
|
-Percentage of share holding |
70.17% |
70.00% |
70.49% |
Notes
- The Companys Profit Before Tax at Rs. 25.10 Crores (inclusive of Divided Income of Rs. 7.79 Crores, which in the preceding year had been received during the second quarter) was higher than that of the first quarter of the Previous Year by 23%. However operating income for the quarter ended June 30,2002 was 4 % lower as compared to the corresponding period of the preceding year due to the continued slowdown in the organised retail market for branded teas and lower CTC tea prices in auctions which have fallen by around 21% since January this year.
- Gross expenditure incurred during the quarter was 3% lower than the expenditure incurred during the corresponding quarter of the preceding year due to stringent cost controls and improved labour productivity in the plantations.
- Figures of the quarter ended June 30,2001 and financial year ended March 31,2002 have been regrouped to make them comparable.
- The aforementioned results were taken on record by the Board of Directors at its meeting held on July 30, 2002.
- The strong performance of The Tetley Group Ltd (the Companys 98.59% subsidiary, the results of which are not incorporated in these accounts) has continued in the first quarter of the current year with a sales growth of 10% and EBIT growth of 5% over the first quarter of the previous year.
Segment wise Revenue, Results and Capital Employed, under Clause 41,of the Listing Agreement for the Quarter and Twelve months ended June, 2002
|
Sr. no. |
Particulars |
Three months ended |
Twelve months ended |
|
31.06.2002 |
31.03.2002 |
|
1 |
Segment revenue |
|
|
|
|
(a) Tea |
171.81 |
737.34 |
|
|
(c) Others |
14.30 |
53.16 |
|
|
|
|
|
Total |
186.11 |
790.50 |
|
|
Less: Inter segment revenue |
0.87 |
11.07 |
|
|
|
|
|
Net revenue from operations |
185.24 |
779.43 |
|
|
|
|
2 |
Segment results |
|
|
|
|
(a) Tea |
29.82 |
106.24 |
|
|
(c) Others |
1.12 |
0.27 |
|
|
|
|
|
Total |
30.94 |
106.51 |
|
|
Less: Interest(net) |
5.44 |
21.39 |
|
|
Add: Unallocable income net of unallocable expenditure |
(0.40) |
0.69 |
|
|
|
|
|
Total profit before tax |
25.10 |
85.81 |
|
|
|
|
3 |
Segment capital employed |
|
|
(a) Tea |
391.91 |
402.42 |
|
|
(c) Others |
11.63 |
10.32 |
Notes
-
The definitions of the internal business segmentation and the activitities encompassed therein are as follows:
Tea: Cultivation & manufacture of black tea and instant tea , tea buying/blending and sale of tea in bulk or value added form.
Others: Cultivation & production of coffee, other minor crops, trading in commodities, etc.
-
The segment wise revenue, results and capital employed figures relate to the respective amounts directly identifiable to each of the segments. Unallocable expenditure includes expenses incurred on common services at the corporate level and relate to the Company as a whole. Unallocable income comprises of income from investments.
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