| |
FINANCIAL RESULTS
| (Rs. in Lakhs) |
| For the Year ended March 31, |
2001 |
2002 |
2003 |
2004 |
2005 |
| Income |
(Audited) |
(Audited) |
(Audited) |
(Audited) |
(Audited) |
| Sales |
14187 |
15320 |
17586 |
20335 |
24331 |
| Less: Excise Duty |
2198 |
2500 |
2230 |
2244 |
3376 |
| Increase / (Decrease) in stocks |
63 |
(165) |
1099 |
(302) |
(188) |
| Other operational income |
584 |
570 |
710 |
640 |
171 |
| Total income |
12636 |
13225 |
17165 |
18429 |
20938 |
| |
|
|
|
|
|
| Expenditure |
|
|
|
|
|
| Materials cost |
9945 |
10305 |
13198 |
13549 |
16960 |
| Power and fuel |
915 |
898 |
927 |
918 |
1070 |
| Salaries and wages |
385 |
423 |
437 |
486 |
605 |
| Repairs and maintenance |
56 |
110 |
137 |
124 |
107 |
| Other
Man. & Adm. Exp |
254 |
257 |
289 |
630 |
566 |
| Selling & distribution |
275 |
292 |
254 |
253 |
261 |
| |
|
|
|
|
|
| Total Operating Cost |
11830 |
12285 |
15242 |
15960 |
19569 |
| Gross Profit |
806 |
940 |
1923 |
2469 |
1369 |
| Financial charges |
1299 |
844 |
962 |
797 |
851 |
| Depriciation |
532 |
544 |
574 |
618 |
674 |
| Misc Exp. W/off |
10 |
10 |
10 |
10 |
10 |
| |
|
|
|
|
|
| Operating Profit |
(1035) |
(458) |
377 |
1044 |
(166) |
| Prior Period Interest (interest on Debentures write back) |
|
|
|
113 |
- |
| Other Income |
57 |
40 |
36 |
25 |
59 |
| Profit Before Tax |
(978) |
(418) |
413 |
1182 |
(107) |
| Less: Current income tax |
0 |
0 |
0 |
63 |
(125) |
| Net Profit / (Loss) after tax |
(978) |
(418) |
413 |
1119 |
18 |
| Dividend |
0 |
0 |
0 |
- |
- |
| Retained Profit |
(978) |
(418) |
413 |
1119 |
18 |
| |
|
|
|
|
|
| Gross cash accruals |
(436) |
136 |
997 |
1747 |
702 |
| Net cash accruals |
(436) |
136 |
997 |
1747 |
702 |
| |
|
|
|
|
|
 |
|
NOTES
- POY
/ PFY sales have increased marginallyfrom Rs.16405
lakhs (25405 MT) in FY 2004 to Rs.20529 lakhs (26940
MT)
in
FY 2005. In percentage terms, POY/PFY sales,
in terms
of
value,
grew by 25% in FY 2005 over the previous year.
- During
FY 2005 Share of POY / PFY sales to total revenue
showed at 95% & while the share
of MFY showed at 5%.
- During
the FY 2005 the MFY sales in volume have decreased
from Rs. 1077 Lacs to Rs. 1027 Lacs in the previous
year
in terms of quantity the same has increased
from 1107 MT to 1392 MT registering an increase
of 26% in volume.
- Average
sales realisation of MFY has decreased sharply
from Rs.97.28 per kg in FY 2004 to Rs.73.82 per
kg in FY 2005 while POY / PFY sales realisation has increased from Rs.64.57
per
kg to Rs.76.24 per kg during the said periods.
- Other
operational income mainly includes export incentives,
job work and scrap sales which vary
from year to year depending upon the level of production
etc. Export incentives
have decreased
from Rs.615 lakhs in FY 2004 to Rs.139
lakhs in FY 2005 due to decrease in export sales.
- Raw
materials cost in terms of percentage to gross
sales worked out
to 69% in FY 2005 as against 65% in FY 2004.
The raw material prices have increased due to
increase in crude oil prices.
- During
the FY 2005 profit after taxes is Rs 18 Lacs after
taking into account Deffered Tax Credit of Rs 125
Lacs as against Profit after Tax of Rs 1119 Lacs
after Providence for taxation including the deffered
Tax Liability bof Rs 63 Lacs during the Previous
Year.
During the FY 2005 despite the adverse market conditions
the plant operated at optimum capacity a turnover
of Rs 24501 Lacs was achevied as against Rs 20975
Lacs in the previous year.
|
|
