|
Tata
Metaliks Limited
Unaudited
financial results (provisional) for the
quarter/half year ended on 30th September,2002
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|
Particulars
|
Quarter
ended on
30th September
|
Half
year ended on
30th September
|
Year
ended on
31st March
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|
|
|
|
|
|
2002
|
2001
|
2002
|
2001
|
2002
|
|
1.
|
Production
-Foundry Grade Pig Iron
|
MT
|
|
32,638
|
|
31,374
|
|
66,133
|
|
63,005
|
|
131,493
|
|
2.
|
Sales
-Foundry Grade Pig Iron
|
"
|
|
32,814
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|
30,134
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|
73,242
|
|
63,970
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|
126,333
|
|
|
|
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3.
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Net
Sales/ Income from operations
|
Rs.Lakhs
|
|
2,900
|
|
2,784
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|
6,245
|
|
5,895
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|
11,342
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4.
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Total
Expenditure
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|
|
|
|
|
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|
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|
|
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a)
(Increase)/decrease in stock in trade
|
"
|
33
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|
(108)
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|
538
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|
36
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|
(431)
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|
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b)
Consumption of raw materials
|
"
|
1,593
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|
1,577
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|
3,121
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|
3,198
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|
6,453
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|
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c)
Staff Cost
|
"
|
152
|
|
133
|
|
296
|
|
252
|
|
489
|
|
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|
d)
Excise Duty
|
|
352
|
|
376
|
|
696
|
|
758
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|
1,544
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|
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|
e)
Other expenditure
|
"
|
386
|
|
474
|
|
704
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|
771
|
|
1,524
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|
|
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f)
Total expenditure (4a to 4e)
|
"
|
|
2,516
|
|
2,452
|
|
5,355
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|
5,015
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|
9,579
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|
|
|
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5.
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Operating
Profit
|
"
|
|
384
|
|
332
|
|
890
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|
880
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|
1,763
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6.
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Other
Income
|
"
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|
50
|
|
3
|
|
75
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|
14
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|
177
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7.
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Profit
from Sale of Surplus Raw Materials
|
"
|
|
5
|
|
167
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|
11
|
|
229
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|
240
|
|
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|
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8.
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Interest
(Net)
|
"
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|
(11)
|
|
32
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|
5
|
|
81
|
|
126
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9.
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Gross
Profit after interest but before Depreciation
|
|
450
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|
470
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|
971
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|
1,042
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2,054
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10.
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Depreciation
|
"
|
|
72
|
|
71
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|
145
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|
141
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|
284
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11.
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Profit/(Loss)
before tax
|
"
|
|
378
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|
399
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|
826
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|
901
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1,770
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12.
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Provision
for Taxation -current tax
|
"
|
|
147
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|
31
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|
311
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|
69
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|
390
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|
-deferred
tax
|
"
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|
(5)
|
|
33
|
|
10
|
|
119
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|
250
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|
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13.
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Net
Profit/(Loss)
|
"
|
|
236
|
|
335
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|
505
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|
713
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|
1,130
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14.
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Transfer
to Debenture Redemption Reserve
|
"
|
|
-
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|
-
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|
-
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|
-
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15
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Transfer
from Debenture Redemption Reserve
|
|
-
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|
-
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|
-
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|
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|
325
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|
16
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Add,
amount brought forward from prev.year
|
|
|
-
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|
-
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-
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|
|
|
83
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|
17
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Disposable
Profit
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|
|
-
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-
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-
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1,538
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|
18
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Appropriations:
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|
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a)
Interim Dividend (Subject to tax)
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-
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-
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-
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569
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b)
Proposed Dividend including Dividend
tax
|
|
|
-
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-
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-
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-
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c)
General Reserve
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|
-
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-
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-
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|
783
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19
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Balance
carried forward
|
|
|
-
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|
-
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|
-
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-
|
|
186
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|
20
|
Paid-up
equity share capital
|
|
|
2,529
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|
2,529
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|
2,529
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|
2,529
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2,529
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(Face
value Rs.10/- per share)
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21
|
Reserve
excluding revaluation reserves
|
|
|
|
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|
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|
|
|
|
793
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|
22
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Earnings
per share -Basic/diluted
|
Rupees
|
|
0.93
|
|
1.32
|
|
2.00
|
|
2.82
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|
4.47
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23
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Aggregate
of Non-Promoters shareholding
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.
Number of shares
|
in
Lakhs
|
|
134.88
|
|
134.88
|
|
134.88
|
|
134.88
|
|
134.88
|
|
|
.
Percentage of shareholding
|
%
|
|
53.34%
|
|
53.34%
|
|
53.34%
|
|
53.34%
|
|
53.34%
|
Notes
-
The
last installment of the 14% Secured
Redeemable Partly Convertible Debenture
of the Company, aggregating to Rs.673.38
lakhs were redeemed on
12th July, 2002.
-
The
Company is engaged in the manufacture
of Pig Iron which in the context of
Accounting Standard-17 "Segment Reporting"
issued by the Institute of Chartered
Accountants of India is considered the
only business segment. Separate geographical
segment disclosure is not necessary
since the company has only domestic
sales and the conditions prevailing
in India is uniform.
-
Provision
for current tax in this quarter/half
year has gone up to Rs.147 lakhs/Rs.311
lakhs respectively, as calculated under
Income Tax Act 1961, as against tax
provided under MAT on book profit in
the corresponding quarter/half year
at Rs.31 lakhs/Rs.69 lakhs respectively.
-
Figures
for the previous quarter/ half year
have been restated/recasted wherever
necessary to conform to current quarter/half
year classification.
-
Unaudited
Financial Results of the Company for
the quarter/half year ended 30.09.2002
have been approved by the Board of Directors
at its meeting held on 23.10.2002.
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