|
|
|
|
|
|
|
|
Rs. in Lacs
|
|
Sl.
No.
|
|
Particulars
|
Quarter ended
|
Six
Months
ended
|
Year
ended
|
|
|
|
|
|
|
MAR.,09
|
MAR.,08
|
MAR.,09
|
MAR.,08
|
SEP.,08
|
|
|
|
|
(Un-audited)
|
(Un-audited)
|
(Un-audited)
|
(Un-audited)
|
(Audited)
|
|
1
|
(a)
|
Sales /
Income from Operations
|
11494.56
|
20297.08
|
39798.58
|
34572.84
|
72190.52
|
|
|
|
|
|
|
|
|
|
|
|
(b)
|
Less :
Excise Duty & Other Taxes
|
561.59
|
1406.87
|
2083.59
|
2527.76
|
5402.83
|
|
|
|
|
|
|
|
|
|
|
|
(c)
|
Net
Sales / Income from Operations {1(a)-1(b)}
|
10932.97
|
18890.21
|
37714.99
|
32045.08
|
66787.69
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Other
Operating Income
|
142.67
|
301.04
|
302.13
|
652.51
|
2670.38
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
Revenue {1(c)+1(d)}
|
11075.64
|
19191.25
|
38017.12
|
32697.59
|
69458.07
|
|
|
|
|
|
|
|
|
|
|
2
|
|
Total
Expenditure
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(a)
|
(Increase)
/Decrease in Stocks
|
(23533.11)
|
(24138.92)
|
(24811.09)
|
(30547.54)
|
(9026.54)
|
|
|
|
|
|
|
|
.
|
|
|
|
(b)
|
Consumption
of Raw Materials
|
24687.86
|
31427.47
|
42888.17
|
44188.06
|
47739.57
|
|
|
|
|
|
|
|
|
|
|
|
(c)
|
Purchases
of Goods
|
208.74
|
592.83
|
416.48
|
1507.40
|
2107.52
|
|
|
|
|
|
|
|
|
|
|
|
(d)
|
Employees
Cost
|
1400.67
|
1344.47
|
2583.76
|
2376.41
|
4344.41
|
|
|
|
|
|
|
|
|
|
|
|
(e)
|
Depreciation
|
2326.87
|
1411.61
|
4083.37
|
2497.50
|
5337.49
|
|
|
|
|
|
|
|
|
|
|
|
(f)
|
Other
Expenditure
|
2553.71
|
4686.05
|
5577.65
|
7142.10
|
10244.49
|
|
|
|
|
|
|
|
|
|
|
|
(g)
|
Total
{2(a) to 2(f)}
|
7644.73
|
15323.51
|
30738.33
|
27163.93
|
60746.94
|
|
|
|
|
|
|
|
|
|
|
3
|
|
Net
Profit (+) / Loss (-) before Other Income, Interest,
|
|
|
|
|
|
|
|
|
Extra Ordianry Items and Taxes (1-2)
|
3430.91
|
3867.74
|
7278.79
|
5533.66
|
8711.13
|
|
|
|
|
|
|
|
|
|
|
4
|
|
Other
Income
|
16.12
|
72.80
|
69.35
|
102.21
|
208.37
|
|
|
|
|
|
|
|
|
|
|
5
|
|
Net
Profit (+) / Loss (-) before Interest, Extra
|
|
|
|
|
|
|
|
|
Ordinary
Items and Taxes (3+4)
|
3447.03
|
3940.54
|
7348.14
|
5635.87
|
8919.50
|
|
|
|
|
|
|
|
|
|
|
6
|
|
Interest
|
2136.80
|
1931.85
|
4033.02
|
3361.56
|
7731.02
|
|
|
|
|
|
|
|
|
|
|
7
|
|
Net Profit(+) / Loss (-) after Interest but
before
|
|
|
|
|
|
|
|
|
Extra
Ordinary Items and Taxes (5-6)
|
1310.23
|
2008.69
|
3315.12
|
2274.31
|
1188.48
|
|
|
|
|
|
|
|
|
|
|
8
|
|
Extra
Ordinary Income (+)/ Expenses (-) (Net)
|
|
|
|
|
|
|
|
|
Foreign Exchange Fluctuations (Net)
|
456.45
|
0.00
|
(36.84)
|
0.00
|
(1804.28)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9
|
|
Profit(+)
/ Loss (-) before Tax (7-8)
|
1766.68
|
2008.69
|
3278.28
|
2274.31
|
(615.80)
|
|
|
|
|
|
|
|
|
|
|
10
|
|
Provision
for Taxation
|
|
|
|
|
|
|
|
|
Current & Fringe Benefit Tax Net of
MAT Credit
|
14.20
|
11.29
|
34.00
|
29.50
|
152.44
|
|
|
|
Deferred Tax
|
0.00
|
290.00
|
125.00
|
290.00
|
(1128.73)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
11
|
|
Net
Profit (+) / Loss (-) (9-10)
|
1752.48
|
1707.40
|
3119.28
|
1954.81
|
360.49
|
|
|
|
|
|
|
|
|
|
|
12
|
|
Paid-up
Equity Share Capital
|
5270.60
|
5170.60
|
5270.6
|
5170.6
|
5270.6
|
|
|
|
(Face Value per Share Rs.10/-Each )
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
13
|
|
Reserves
excluding Revaluation
|
|
|
|
|
|
|
|
|
Reserves
(After adjusting Deferred Tax Asset)
|
N.A
|
N.A
|
N.A
|
N.A
|
38485.41
|
|
|
|
|
|
|
|
|
|
|
14
|
|
EPS before
Extra Ordianry Items:
|
|
|
|
|
|
|
|
|
Basic
|
2.44
|
3.30
|
5.96
|
3.89
|
4.17
|
|
|
|
Diluted
|
2.39
|
3.30
|
5.82
|
3.89
|
4.15
|
|
|
|
|
|
|
|
|
|
|
15
|
|
EPS after
Extra Ordianry Items:
|
|
|
|
|
|
|
|
|
Basic
|
3.31
|
3.30
|
5.89
|
3.89
|
0.64
|
|
|
|
Diluted
|
3.23
|
3.30
|
5.75
|
3.89
|
0.63
|
|
|
|
|
|
|
|
|
|
|
16
|
|
Public
Shareholding*
|
|
|
|
|
|
|
|
|
- No. of Shares
|
30116596
|
28954896
|
30116596
|
28954896
|
29332795
|
|
|
|
- Percentage of Shareholding
|
57.14%
|
56.00%
|
57.14%
|
56.00%
|
55.65%
|
|
|
|
|
|
|
|
|
|
|
17
|
|
Promoter
and Promoter Group Shareholding:
|
|
|
|
|
|
|
|
(a)
|
Pledged /
Encumbered**
|
|
|
|
|
|
|
|
|
- No. of Shares
|
8739431
|
8739431
|
8739431
|
8739431
|
8739431
|
|
|
|
- Percentage of Shares(as a % of the Total
Shareholding of
|
|
|
|
|
|
|
|
|
the Promoter and Promoter Group
|
38.93%
|
40.75%
|
38.93%
|
40.75%
|
38.93%
|
|
|
|
- Percentage of Shares(as a % of the Total
Share Capital of the Company)
|
16.58%
|
16.90%
|
16.58%
|
16.90%
|
16.58%
|
|
|
(b)
|
Non-encumbered
|
|
|
|
|
|
|
|
|
- No. of Shares
|
13706883
|
12706883
|
13706883
|
12706883
|
13706883
|
|
|
|
- Percentage of Shares(as a % of the Total
Shareholding of
|
|
|
|
|
|
|
|
|
the Promoter and Promoter Group
|
61.07%
|
59.25%
|
61.07%
|
59.25%
|
61.07%
|
|
|
|
- Percentage of Shares(as a % of the Total
Share Capital of the Company)
|
26.01%
|
24.58%
|
26.01%
|
24.58%
|
26.01%
|
|
NOTES:
|
|
1
|
The
results were reviewed by the Audit Committee and approved by the Board in their meeting held on 30.04.2009.
|
|
|
|
|
2
|
The
Auditors of the Company have carried out the Limited Review of the above
financial results.
|
|
|
|
|
3
|
The
Cane Price has been accounted for at
State Advised Cane Price (SAP) of Rs. 140/-
per quintal for the season 2008-09.The Cane Price for the sugar season
2007-08 has been accounted for at Rs. 110/- per
quintal based on the Interim Order of the Hon'ble
Supreme Court. Necessary adjustment of the cane price for the season 2007-08
will be made in accordance with the final decision in the matter.
|
|
|
|
|
4
|
Impact of Change in Accounting Policies :
|
|
(a)
|
Policy for
Depreciation in respect of
Co-generation units has
been changed w.e.f. 01-10-2008. Earlier depreciation was charged over all
the four quarters. Under the changed policy, depreciation of the entire year
is being allocated during periods in which co-generation plants are expected
to operate. Due to this, depreciation for the quarter and six months ended 31-03-2009 is higher by Rs.
736.26 lacs and Rs.
1069.20 lacs respectively
,consequently profit before tax is lower by the same amount in the
respective period. However this will have no impact on the annual profit and
loss account.
|
|
|
|
|
(b)
|
The
Company has opted for change in accounting policy in respect of foreign exchange
difference relating to translation of Long Term Foreign Currency Monetary
Liabilities in accordance with the
notification dtd. 31-03-2009 issued by the Ministry of
Corporate Affairs. Consequently, the net forex
fluctuation loss of Rs. 541.23 lacs
for the period upto 30-09-2008 has been added to the cost of relevant capital
asset and credited to the general reserve and forex
fluctuation losses of Rs. 456.45 lacs for the Ist quarter ended
31.12.2008 has been added to the cost
of capital asset and reversed to the revenue and loss of Rs.
378.10 lacs for the IInd
quarter ended 31.03.2009 has also been added to the cost of capital
asset. Due to this change in
accounting policy, profit for the quarter and six months ended on 31-03-2009 is increased by Rs. 780.51 lacs after
providing additional depreciation
amounting to Rs. 54.04 lacs.
|
|
|
|
|
(c)
|
If the aforesaid
changes were not done , profit before
tax for half year ended 31.03.2009
would have been higher by Rs. 288.69 lacs.
|
|
|
|
|
5
|
Sugar
being a seasonal industry, the performance for the quarter may not be representative of
the annual performance of the Company.
|
|
|
|
|
6
|
The
Consolidated financial results information , which includes the results of tis subsidiary M/s Dhampur
Sugar Distillery Pvt Ltd. (DSML- holding 51% ) for
the six months ended 31st March, 2009 are as follows:- Turnover Rs. 39696.94 lacs, Net profit
after tax- Rs. 3107.65 lacs
and EPS( Basic/ Diluted ) Rs. 5.86 / Rs. 5.73.
|
|
|
|
|
7
|
There was
no outstanding complaint from the share holders at the end of the quarter and
all the 43 complaints received during the quarter have been dealt with
satisfactorily.
|
|
|
|
|
8
|
Figures
for the previous corresponding periods have been regrouped, wherever
considered necessary.
|
|
QUARTERLY REPORTING OF SEGMENT WISE
REVENUE,RESULTS AND CAPITAL EMPLOYED UNDER CLAUSE 41 OF LISTING AGREEMENT
|
|
Sl.
|
Particulars
|
Quarter ended
|
Six months ended
|
Year ended
|
|
|
|
No.
|
|
MAR.,09
|
MAR.,08
|
MAR.,09
|
MAR.,08
|
SEP.,08
|
|
|
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Unaudited)
|
(Audited)
|
|
1
|
Segment
Revenue (Net of Excise & Other Taxes)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Sugar -
Manufacturing Activity
|
11995.68
|
15879.62
|
38918.89
|
26107.23
|
57226.69
|
|
|
- Raw / Trading / Export
Activity
|
0.00
|
409.48
|
0.00
|
1057.05
|
1482.88
|
|
|
|
|
|
|
|
|
|
|
b)
Co-generation
|
8157.92
|
6832.35
|
13885.33
|
9605.76
|
12873.83
|
|
|
|
|
|
|
|
|
|
|
c)
Chemicals / Ethanol
|
384.24
|
3153.83
|
1543.81
|
6065.23
|
11390.84
|
|
|
|
|
|
|
|
|
|
|
d) Others
|
255.68
|
206.93
|
480.95
|
526.38
|
690.40
|
|
|
|
|
|
|
|
|
|
|
Total
|
20793.52
|
26482.21
|
54828.98
|
43361.65
|
83664.64
|
|
|
|
|
|
|
|
|
|
|
Less :
Inter Segment Revenue (Net of Excise)
|
9860.55
|
7592.00
|
17113.99
|
11316.57
|
16876.95
|
|
|
|
|
|
|
|
|
|
|
Net Sales
/ Income from Operation
|
10932.97
|
18890.21
|
37714.99
|
32045.08
|
66787.69
|
|
|
|
|
|
|
|
|
|
2
|
Segment
Results (Net Profit(+)/Loss(-) before Tax & Interest from each Segment)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Sugar -
Manufacturing Activity
|
784.76
|
934.54
|
3156.58
|
531.03
|
3486.13
|
|
|
- Raw / Trading / Export
Activity
|
0.00
|
15.63
|
0.00
|
26.08
|
3.65
|
|
|
|
|
|
|
|
|
|
|
b)
Co-generation
|
2671.64
|
2690.55
|
4293.35
|
3762.27
|
4118.76
|
|
|
|
|
|
|
|
|
|
|
c)
Chemicals / Ethanol
|
152.53
|
858.66
|
252.97
|
1943.29
|
1887.42
|
|
|
|
|
|
|
|
|
|
|
d) Others
|
25.13
|
21.02
|
34.27
|
46.59
|
154.84
|
|
|
|
|
|
|
|
|
|
|
Total
|
3634.06
|
4520.40
|
7737.17
|
6309.26
|
9650.80
|
|
|
|
|
|
|
|
|
|
|
Less
:Interest
|
2136.80
|
1931.85
|
4033.02
|
3361.56
|
7731.02
|
|
|
|
|
|
|
|
|
|
|
Add :
Other Unallocable Expenses and Extra Ordianry Items
|
|
|
|
|
|
|
|
Net of Unallocable
Income
|
269.42
|
(579.86)
|
(425.87)
|
(673.39)
|
(2535.58)
|
|
|
|
|
|
|
|
|
|
|
Net
Loss(-) before Tax
|
1766.68
|
2008.69
|
3278.28
|
2274.31
|
(615.80)
|
|
|
|
|
|
|
|
|
|
3
|
