AUDITED
FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2003 |
Rs. In Lacs |
| Sr No. |
Particulars |
Nine
months Ended
31.12.2002
Unaudited
|
Quarter
Ended 31.03.2003
Unaudited
|
Quarter
Ended 31.3.2002
Unaudited
|
Year Ended
31.3.2003
Audited
|
Year
Ended 31.3.2002
Audited
|
| 1. |
Net Sales/Income from Operations |
10233 |
3974 |
2869 |
14207 |
12531 |
| 2. |
Other Income |
237 |
94 |
124 |
331 |
307 |
| 3. |
Total expenditure |
|
|
|
|
|
| |
a) Decrease/(Increase) in stock in trade |
(90) |
(140) |
34 |
(230) |
146 |
| |
b) Consumption of raw material |
4092 |
1727 |
768 |
5819 |
4074 |
| |
c) Power & Fuel |
1086 |
317 |
297 |
1403 |
1372 |
| |
d) Staff Cost |
529 |
218 |
208 |
747 |
667 |
| |
e) Other expenditure |
1755 |
979 |
712 |
2734 |
2576 |
| 4. |
Profit before Depreciation
Exceptional item and Tax |
3098 |
967 |
974 |
4065 |
4003 |
| 5. |
Interest (net) |
670
|
181 |
242 |
851 |
961 |
| 6. |
Profit before Depreciation
and Tax |
2428
|
786 |
732 |
3214 |
3042 |
| 7. |
Depreciation |
673
|
231 |
230 |
904 |
878 |
| 8. |
Profit before Tax |
1755
|
555 |
502 |
2310 |
2164 |
| 9. |
Diminution in value of
long term investments |
0 |
0 |
638 |
0 |
645 |
| 10. |
Profit before Tax |
1755 |
555 |
(136) |
2310 |
1519 |
| 11. |
Provision for Tax |
|
|
|
|
|
| |
- Current Tax |
517 |
161 |
130 |
678 |
377 |
| |
- Deferred Tax |
(8) |
(28) |
55 |
(36) |
236 |
| 12. |
Profit after Tax |
1246 |
422 |
(321) |
1668 |
906 |
| 13. |
Paid-up equity share capital |
1464 |
1464 |
1464 |
1464 |
1464 |
| 14. |
Reserves excluding revaluation
reserves |
|
|
|
8120 |
6845 |
| 15. |
Earnings per share of Rs.10/-
each (Rs.) Basic & diluted |
8.51 |
2.88 |
(2.19) |
11.40 |
6.19 |
| 16. |
Aggregate of Non-Promoter
shareholding |
|
|
|
|
|
| |
- No. of Shares |
72,17,031 |
|
|
6834686 |
75,61,135 |
| |
- Percentage of shareholding |
49.29% |
|
|
46.68% |
51.64% |
Notes:-
1. Figures have been regrouped wherever necessary.
2. The Company is engaged in only one line of business
namely Polyester Film.
3. Commercial Production commenced on April 2, 2003 at
the 15000 TPA Polyester Film line set up by Polyplex (Thailand)
Limited (PTL), the Company’s wholly owned subsidiary.
Work is progressing satisfactorily on PTL’s expansion
programme comprising of another Polyester Film line of
15,000 TPA as also a PET Chips project with a 26,250 TPA
capacity envisaging an outlay of US$ 30 million.
4. In addition to the Interim Dividend of 10% paid in November
2002, the Board of Directors has recommended payment of
Final Dividend of 15% for the Financial Year 2002-03, subject
to approval of shareholders.
5. The above results were reviewed by the Audit Committee
and have been taken on record by the Board in its meeting
held on July 7, 2003. |
Place : NOIDA
Date : July 7, 2003
|
Sanjiv Saraf
Chairman |
