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DHAMPUR SUGAR MILLS LIMITED
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AUDITED FINANCIAL RESULTS FOR THE
YEAR ENDED 30.09.2008
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Rs. in Lacs
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Sl.
No.
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PARTICULARS
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QUARTER
ENDED
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YEAR
ENDED
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SEP.,08
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SEP.,07
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SEP.,08
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SEP.,07
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(AUDITED)
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(AUDITED)
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(AUDITED)
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(AUDITED)
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1.
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(a)
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SALES / INCOME FROM OPERATIONS
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24792.71
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14832.25
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72190.52
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64354.87
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(b)
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LESS : EXCISE DUTY & OTHER
TAXES
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1569.63
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1191.48
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5402.83
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4864.73
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(c)
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NET SALES / INCOME FROM OPERATIONS
{1(a)-1(b)}
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23223.08
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13640.77
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66787.69
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59490.14
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(d)
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OTHER OPERATING INCOME
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1561.28
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821.29
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2670.38
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1137.05
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TOTAL REVENUE {1(c)+1(d)}
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24784.36
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14462.06
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69458.07
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60627.19
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2.
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TOTAL EXPENDITURE
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(a)
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(INCREASE)
/DECREASE
IN STOCKS
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15080.14
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9824.37
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(9026.54)
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(10196.81)
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(b)
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CONSUMPTION OF RAW MATERIALS
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1773.90
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580.97
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47739.57
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56378.72
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(c)
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PURCHASES OF GOODS
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519.56
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701.88
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2107.52
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1492.00
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(d)
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EMPLOYEES COST
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989.69
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789.73
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4344.41
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4043.23
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(e)
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DEPRECIATION
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1257.74
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1155.43
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5337.49
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3323.67
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(f)
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OTHER EXPENDITURE
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2007.23
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2742.67
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10244.49
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9859.48
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(g)
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TOTAL {2(a) to 2(g)}
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21628.26
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15795.05
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60746.94
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64900.29
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3.
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NET PROFIT (+) / LOSS (-) BEFORE
OTHER INCOME,
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INTEREST, EXTRA ORDINARY ITEMS AND
TAXES (1-2)
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3156.10
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(1332.99)
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8711.13
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(4273.10)
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4.
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OTHER INCOME
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21.22
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32.69
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208.37
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50.81
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5.
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NET PROFIT (+) / LOSS (-) BEFORE
INTEREST, EXTRA
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ORDINARY ITEMS AND TAXES (3+4)
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3177.32
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(1300.30)
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8919.50
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(4222.29)
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6.
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INTEREST
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2182.52
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1549.29
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7731.02
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4451.75
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7.
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NET
PROFIT(+) / LOSS (-) AFTER INTEREST BUT BEFORE
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EXTRA ORDINARY ITEMS AND TAXES
(5-6)
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994.80
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(2849.59)
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1188.48
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(8674.04)
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8.
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EXTRA ORDINARY INCOME (+)/ EXPENSES
(-) (NET)
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FOREIGN EXCHANGE FLUCTUATIONS (NET)
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(1269.82)
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0.00
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(1804.28)
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646.56
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OTHERS
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0.00
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169.73
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0.00
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169.73
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9.
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PROFIT(+) / LOSS (-) BEFORE TAX (7-8)
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(275.02)
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(2679.86)
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(615.80)
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(7857.75)
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10.
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PROVISION FOR TAXATION
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CURRENT & FRINGE BENEFIT TAX
NET OF MAT CREDIT
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94.40
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13.10
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152.44
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49.60
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DEFERRED TAX
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(1128.73)
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(98.57)
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(1128.73)
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(1841.45)
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11.
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NET PROFIT (+) / LOSS (-) ( 9-10)
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759.31
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(2594.39)
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360.49
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(6065.90)
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12.
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PAID UP EQUITY SHARE CAPITAL
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5270.60
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4762.91
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5270.60
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4762.91
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(FACE VALUE PER SHARE RS.10/-EACH )
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13.
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RESERVES EXCLUDING REVALUATION
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RESERVES (AFTER ADJUSTING DEFFERED
TAX ASSET)
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38485.41
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35189.06
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38485.41
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35189.06
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14.
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EARNING PER SHARE BEFORE EXTRA
ORDINARY ITEMS:
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BASIC
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3.83
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(5.08)
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4.17
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(11.20)
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DILUTED
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3.75
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(5.06)
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4.15
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(11.17)
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15.
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EARNING PER SHARE AFTER EXTRA
ORDINARY ITEMS:
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BASIC
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1.42
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(5.43)
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0.64
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(12.94)
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DILUTED
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1.39
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(5.42)
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0.63
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(12.90)
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17
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PUBLIC SHAREHOLDING
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NO. OF SHARES
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30259661.00
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30121794.00
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30259661.00
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30121794.00
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PERCENTAGE OF SHAREHOLDING
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57.41%
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63.33%
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57.41%
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63.33%
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NOTES:
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1
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The results were reviewed by the
Audit Committee and approved by the Board in their meeting held on
28.11.2008.
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2
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The
results for the accounting year considered the cane price at Rs.110/- per
quintal for the season 2007-08, which was paid based on the interim order of
the Hon'ble Supreme Court, pending final decision
in the matter.
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3
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The
Accounts have been prepared without accounting for any incentive entitlements
under U.P. Sugar Incentive Promotion Policy, 2004 as the scheme has been
subsequently cancelled by the State Government. The company has filed writ
petition before Hon'ble Allahabad High Court (Lucknow Bench) for enforcement of Scheme and settlement
of incentive claims. As per the erstwhile Incentive policy
, the company is eligible for Capital Subsidy of Rs. 89.89 crore ( Rs. 50.80 crores already vetted by authorities and balance yet to
be vetted) i.e. 10% of the investment
made and for reimbursement of taxes and other charges amounting to Rs. 21.19 crore up to 30th
September, 2008 (including Rs. 8.34 crore for the year).
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4
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Sugar
being a seasonal industry, the performance of any quarter may not be
representative of the annual performance of the Company.
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5
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During the
quarter ended 30th September, 2008, 51 complaints were received which
were promptly attended by the company except 1 complaint, which remains to be
dealt with.
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6
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Figures
for the previous corresponding periods have been regrouped, wherever
considered necessary.
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QUARTERLY REPORTING OF SEGMENT WISE
REVENUE, RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF LISTING AGREEMENT
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Sl.
No.
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PARTICULARS
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FOURTH QUARTER ENDED
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YEAR ENDED
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SEP.,08
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SEP.,07
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SEP.,08
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SEP.,07
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(AUDITED)
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(AUDITED)
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(AUDITED)
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(AUDITED)
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1
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SEGMENT REVENUE (NET OF EXCISE
& OTHER TAXES)
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a)
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SUGAR -
MANUFACTURING ACTIVITY
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20671.94
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10651.53
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57226.69
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50804.09
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- TRADING / EXPORT ACTIVITY
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425.83
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597.92
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1482.88
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706.68
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b)
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CO-GENERATION
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1697.21
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0.00
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12873.83
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0.00
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c)
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CHEMICALS
/ ETHANOL
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2056.39
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2528.16
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11390.84
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9825.60
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d)
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OTHERS
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46.37
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52.46
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690.40
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918.28
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TOTAL
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24897.74
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13830.07
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83664.64
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62254.65
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LESS :
INTER SEGMENT REVENUE (NET OF EXCISE)
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1674.66
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189.30
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16876.95
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2764.51
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NET SALES
/ INCOME FROM OPERATION
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23223.08
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13640.77
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66787.69
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59490.14
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2
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SEGMENT
RESULTS ( NET PROFIT(+) / LOSS (-) BEFORE TAX & INTEREST FROM EACH
SEGMENT)
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a)
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SUGAR -
MANUFACTURING ACTIVITY
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2967.10
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(2405.97)
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3486.13
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(6668.19)
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- TRADING / EXPORT ACTIVITY
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(22.43)
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25.27
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3.65
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38.10
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b)
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CO-GENERATION
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456.28
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0.00
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4118.76
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0.00
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c)
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CHEMICALS
/ ETHANOL
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(326.38)
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1374.83
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1887.42
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3293.82
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d)
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OTHERS
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29.67
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19.16
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154.84
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74.13
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TOTAL
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3104.24
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(986.71)
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9650.80
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(3262.14)
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LESS
:INTEREST
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2182.52
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1549.29
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7731.02
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4451.75
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ADD :
OTHER UNALLOCABLE EXPENSES AND EXTRA
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ORDINARY
ITEMS NET OF UNALLOCABLE INCOME
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(1196.74)
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(143.86)
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(2535.58)
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(143.86)
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NET LOSS
(-) BEFORE TAX
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(275.02)
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(2679.86)
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(615.80)
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(7857.75)
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3
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CAPITAL
EMPLOYED (SEGMENT ASSETS - SEGMENT LIABILITIES)
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a)
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SUGAR
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75372.95
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57986
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75372.95
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57986
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b)
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CO-GENERATION
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45494.76
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35012
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45494.76
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35012
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c)
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CHEMICALS
/ ETHANOL
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9720.53
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8915
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9720.53
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8915
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d)
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OTHERS
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70.58
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53
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70.58
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53
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TOTAL
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130658.82
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101966
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130658.82
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101966
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