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Quarterly Results
 
Unaudited Financial Results for the Quarter ended June 30, 2010 and Audited Financial Results for the year ended 31.03.2010
 

Rs. Lakhs

Particulars For the Quarter Ended For the Year Ended
  30.06.2010 30.06.2009 31.03.2010 31.03.2009
  Unaudited Unaudited Audited Audited
(a) Net Sales / Income from Operations 489,29.05 398,25.04 2075,64.49 2469,61.98
(b) Other Operating Income 64.28 3,50.61 6,08.56 14,42.17
Total Income (a+b) 489,93.33 401,75.65 2081,73.05 2484,04.15
Expenditure :
a. (Increase) / Decrease in Stock in trade and work in progress (102,40.13) (53,78.82) (23.32) 684.55
b. Consumption of raw materials 241,84.52 174,91.77 927,96.63 1522,09.76
c. Purchase of traded goods 204,05.81 167,13.23 518,62.22 340,03.04
d. Employees cost 12,86.33 11,27.25 45,37.83 43,80.60
e. Depreciation 4,93.07 4,46.13 18,37.04 16,95.50
f. Power and fuel 66,13.09 41,03.71 258,00.26 269,78.54
g. Other expenditure 40,58.19 40,00.84 201,38.67 169,63.04
h. Total expenditure 468,00.88 385,04.11 1969,49.33 2369,15.03
Profit from operations before Interest (1-2) 21,92.45 16,71.54 112,23.72 114,89.12
Interest 3,14.87 6,95.03 23,43.57 35,99.71
Profit (+) / Loss (-) before tax and exceptional items (3-4) 18,77.58 9,76.51 88,80.15 78,89.41
Exceptional items - Gain /(Loss) on sale and Gain /(Diminution) in value of Fertilizer Companies Government of India Special Bonds 0.00 1,59.00 (4,26.71) (35,63.31)
Profit (+) / Loss (-) before tax (5-6) 18,77.58 11,35.51 84,53.44 43,26.10
Tax expenses 6,23.49 3,86.00 28,04.32 15,08.76
Net Profit (+) / Loss (-) for the period (7-8) 12,54.09 7,49.51 56,49.12 28,17.34
Paid-up equity share capital
(Face Value: Rs.10 Per Share)		 118,54.86 118,54.86 118,54.86 118,54.86
Reserves excluding Revaluation Reserves     222,70.29 180,07.74
Basic & Diluted EPS not annualised (Rs.) 1.06 0.63 4.77 2.38
Public shareholding
- Number of shares 8,24,38,375 8,24,38,375 8,24,38,375 8,24,38,375
- Percentage of shareholding 69.56 69.56 69.56 69.56
Promoters and promoter group Shareholding
a) Pledged / Encumbered        
- Number of shares 2,35,92,885 2,35,92,885 2,35,92,885 2,35,92,885
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) 65.40 65.40 65.40 65.40
- Percentage of shares (as a % of the total share capital of the company) 19.91 19.91 19.91 19.91
b) Non Encumbered        
- Number of shares 1,24,83,890 1,24,83,890 1,24,83,890 1,24,83,890
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) 34.60 34.60 34.60 34.60
- Percentage of shares (as a % of the total share capital of the company) 10.53 10.53 10.53 10.53

 

Rs. Lakhs
BALANCE SHEET As at As at
31.03.2010 31.03.2009
Shareholders' Funds:
a) Capital 118,54.86 118,54.86
b) Reserves and Surplus 311,05.75 270,64.81
Loan Funds 98,16.33 396,79.50
Deferred Tax Liability (Net) 39,29.73 37,01.96
Fixed Assets (Net) 385,26.55 336,51.38
Investments 5.00 5.00
Current Assets, Loans and Advances    
a) Inventories 161,87.07 170,77.35
b) Sundry Debtors 17,30.84 9,05.00
c) Cash and Bank balances 7,44.13 16,09.05
d) Other current assets 3,10.80 1,95.63
e) Loans and Advances 315,48.83 590,48.32
Less: Current Liabilities and Provisions
a) Liabilities 237,85.58 234,06.03
b) Provisions 85,60.97 67,84.57
Miscellaneous Expenditure (Not written off or adjusted) - -
Profit and Loss Account - -
TOTAL - -

 

Notes :

1.

The concession for Urea for the quarter has been estimated and accounted as per the pricing policy parameters applicable to Stage-III of the New Pricing Scheme, which has been extended from 01.4.2010 on provisional basis until further orders.

2.

DAP, 20:20:00:13 and MOP subsidy has been accounted based on rates announced by GOI under Nutrient Based Subsidy policy for 2010-11.

3.

The Company's operations predominantly relate to the fertilizer segment and profitability is dependent on prevailing GOI concession policy.

4.

During the quarter 17 investor complaints were received and redressed. There were no complaints pending at the beginning and at the end of the quarter.

5.

The Board of Directors of the Company has recommended a dividend of Re.1.00 Per equity share of Rs.10 each for the financial year ended March 31, 2010.
6. Previous period figures have been regrouped, wherever necessary.
7. The above results were taken on record by the Board of Directors at its meeting on 21.07.2010.
The Auditors have carried out a limited review.

On behalf of the Board of Directors

Bangalore
21.07.2010

Deepak Anand
Managing Director


 
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