DHAMPUR SUGAR MILLS LIMITED

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE FIRST QUARTER ENDED 31.12.2008

Rs. in Lacs

SL.

PARTICULARS

QUARTER

ENDED

YEAR

ENDED

No.

31st DEC. 08

31st DEC. 07

30th SEP. 08

(UN-AUDITED)

(UN-AUDITED)

(AUDITED)

1.

(a)

SALES / INCOME FROM OPERATIONS

28304.02

14275.76

72190.52

(b)

LESS : EXCISE DUTY & OTHER TAXES

1522.00

1120.89

5402.83

(c)

NET SALES / INCOME FROM OPERATIONS {1(a)-1(b)}

26782.02

13154.87

66787.69

(d)

OTHER OPERATING INCOME

159.46

349.31

2670.38

TOTAL REVENUE {1(c)+1(d)}

26941.48

13504.18

69458.07

2.

TOTAL EXPENDITURE

(a)

(INCREASE) /DECREASE IN STOCKS

(1277.98)

(6408.62)

(9026.54)

.

(b)

CONSUMPTION OF RAW MATERIALS

18200.31

12760.59

47739.57

(c)

PURCHASES OF GOODS

207.74

914.57

2107.52

(d)

EMPLOYEES COST

1183.09

1031.94

4344.41

(e)

DEPRECIATION

1756.50

1085.89

5337.49

(f)

OTHER EXPENDITURE

3023.94

2456.05

10244.49

(g)

TOTAL {2(a) to 2(f)}

23093.60

11840.42

60746.94

3.

NET PROFIT BEFORE OTHER INCOME,INTEREST,

EXTRA ORDINARY ITEMS AND TAXES (1-2)

3847.88

1663.76

8711.13

4.

OTHER INCOME

53.23

31.57

208.37

5.

NET PROFIT BEFORE INTEREST, EXTRA

ORDINARY ITEMS AND TAXES (3+4)

3901.11

1695.33

8919.50

6.

INTEREST

1896.22

1429.71

7731.02

7.

NET PROFIT AFTER INTEREST BUT BEFORE

EXTRA ORDINARY ITEMS AND TAXES (5-6)

2004.89

265.62

1188.48

8.

EXTRA ORDINARY INCOME / (EXPENSES) (NET)

FOREIGN EXCHANGE FLUCTUATIONS (NET)

(493.29)

0.00

(1804.28)

9.

PROFIT BEFORE TAX (7-8)

1511.60

265.62

(615.80)

10.

PROVISION FOR TAXATION

CURRENT & FRINGE BENEFIT TAX NET OF MAT CREDIT

19.80

18.21

152.44

DEFERRED TAX

125.00

0.00

(1128.73)

11.

NET PROFIT (9-10)

1366.80

247.41

360.49

12.

PAID UP EQUITY SHARE CAPITAL

5270.60

5077.02

5270.60

(FACE VALUE PER SHARE RS.10/-EACH )

13.

RESERVES EXCLUDING REVALUATION

RESERVES (AFTER ADJUSTING DEFFERED TAX ASSET)

N.A

N.A

38485.41

14.

EPS BEFORE EXTRA ORDINARY ITEMS:

BASIC

3.50

0.54

4.17

DILUTED

3.44

0.53

4.15

15.

EPS AFTER EXTRA ORDINARY ITEMS:

BASIC

2.57

0.54

0.64

DILUTED

2.51

0.53

0.63

16

PUBLIC SHAREHOLDING

NO. OF SHARES

30259661

30459661

30259661

PERCENTAGE OF SHAREHOLDING

57.41%

60.07%

57.41%

NOTES: 

1

The results were reviewed by the Audit Committee and approved by the Board in their meeting held on 21.01.2009.

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.

4

Accounting policy for charging depreciation in respect of Co-generation units has been changed. Hitherto, 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 is higher by Rs 332.94 lacs, consequently profit before tax is lower by the same amount. However, this will have no impact on the annual profit and loss account.

5

Sugar being a seasonal industry,the performance of any quarter may not be representative of the annual performance of the Company.

6

The Consolidated financial results information, which includes the results of its subsidiary, M/S Dhampur Sugar Distillery Pvt Ltd. (DSML holding -51%), for the quarter ended 31st December, 2008, are as follows :- Turnover - Rs. 28225.10 lacs, Net profit after tax- Rs. 1374.30 lacs and EPS (Basic / Diluted ) - Rs. 2.58 /Rs.2.52.

7

There were no outstanding complaints from the shareholders at the end of the quarter and all the 21 complaints received during the quarter, alongwith 1 complaint pending at the beginning of 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

QUATRER ENDED

YEAR ENDED

NO.

31st DEC. 08

31st DEC. 07

30th SEP. 08

(UNAUDITED)

(UNAUDITED)

(AUDITED)

1

SEGMENT REVENUE (NET OF EXCISE & OTHER TAXES)

a) SUGAR - MANUFACTURING ACTIVITY

26923.21

10227.61

57226.69

- TRADING / EXPORT ACTIVITY

0.00

647.57

1482.88

b) CO-GENERATION

5727.41

2773.41

12873.83

c) CHEMICALS / ETHANOL

1159.57

2911.40

11390.84

d) OTHERS

225.27

319.45

690.40

TOTAL

34035.46

16879.44

83664.64

LESS : INTER SEGMENT REVENUE (NET OF EXCISE)

7253.44

3724.57

16876.95

NET SALES / INCOME FROM OPERATION

26782.02

13154.87

66787.69

2

SEGMENT RESULTS ( NET PROFIT(+) / LOSS (-) BEFORE TAX & INTEREST FROM EACH SEGMENT)

a) SUGAR - MANUFACTURING ACTIVITY

2371.82

(373.88)

3486.13

- TRADING / EXPORT ACTIVITY

0.00

(19.18)

3.65

b) CO-GENERATION

1621.71

1071.72

4118.76

c) CHEMICALS / ETHANOL

100.44

1084.63

1887.42

d) OTHERS

9.14

25.57

154.84

TOTAL

4103.11

1788.86

9650.80

LESS :INTEREST

1896.22

1429.71

7731.02

ADD : OTHER UNALLOCABLE EXPENSES AND EXTRA ORDINARY

ITEMS NET OF UNALLOCABLE INCOME

(695.29)

(93.53)

(2535.58)

NET LOSS (-) BEFORE TAX

1511.60

265.62

(615.80)

3

CAPITAL EMPLOYED (SEGMENT ASSETS - SEGMENT LIABILITIES)

a) SUGAR

70489.01

57406.72

75372.95

b) CO-GENERATION

46597.32

45128.80

45494.76

c) CHEMICALS / ETHANOL

9613.66

9142.08

9720.53

d) OTHERS

76.48

48.94

70.58

TOTAL

126776.47

111726.54

130658.82