DHAMPUR SUGAR MILLS LIMITED

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE FIRST QUARTER ENDED 31.12.2009

Rs. in Lacs

Sl.

Particulars

Quarter ended

Year ended

No.

Dec.,09

Dec.,08

Sep.,09

(Unaudited)

(Unaudited)

(Audited)

1.

(a)

Sales / Income from Operations

34114.85

28304.02

97721.24

(b)

Less : Excise Duty & Other Taxes

910.19

1522.00

4166.22

(c)

Net Sales / Income from Operations {1(a)-1(b)}

33204.66

26782.02

93555.02

(d)

Other Operating Income

1200.98

159.46

1248.63

Total Revenue {1(c)+1(d)}

34405.64

26941.48

94803.65

2.

Total Expenditure

(a)

(Increase) /Decrease in Stocks

(19103.59)

(1277.98)

9950.41

(b)

Consumption of Raw Materials

37056.77

18200.31

47063.29

(c)

Purchases of Goods

187.49

207.74

3572.48

(d)

Employees Cost

1377.80

1183.09

4468.10

(e)

Depreciation

1700.46

1756.50

6157.25

(f)

Other Expenditure

3685.57

3023.94

9394.21

(g)

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

24904.50

23093.60

80605.74

3.

Net Profit (+) / Loss (-) before Other Income, Interest,

Extra Ordianry Items and Taxes (1-2)

9501.14

3847.88

14197.91

4.

Other Income

29.71

53.23

112.08

5.

Net Profit (+) / Loss (-) before Interest, Extra

Ordinary Items and Taxes (3+4)

9530.85

3901.11

14309.99

6.

Interest

1276.86

1896.22

8098.78

7.

Net  Profit(+) / Loss (-) after Interest but before

Extra Ordinary Items and Taxes (5-6)

8253.99

2004.89

6211.21

8.

Extra Ordinary Income (+)/ Expenses (-) (Net)

    Foreign Exchange Fluctuations (Net)

0.00

(493.29)

0.00

9.

Profit(+) / Loss (-)  before Tax (7-8)

8253.99

1511.60

6211.21

10.

Provision for Taxation

   Current Tax (including MAT)

1403.00

19.80

(31.38)

   Less: MAT credit entitlement

(1403.00)

---

---

   Deferred Tax

2476.20

125.00

624.00

11.

Net Profit (+) / Loss (-) (9-10)

5777.79

1366.80

5618.59

12.

Paid-up Equity Share Capital

5390.60

5270.60

5270.60

 (Face Value per Share Rs.10/-Each )

13.

Reserves excluding Revaluation

Reserves (After adjusting Deferred Tax Asset)

N.A

N.A

43700.97

14.

EPS :

   Basic

10.85

2.57

10.59

   Diluted

10.85

2.51

10.36

15

Public Shareholding*

 - No. of Shares

30279261

30255896

30237461

 - Percentage of Shareholding

56.17%

57.41%

57.37%

16

Promoter and Promoter Group Shareholding:

(a)

Pledged / Encumbered**

 - No. of Shares

6299431

8739431

8739431

 - Percentage of Shares(as a % of the Total Shareholding of

     the Promoter and Promoter Group)

26.66%

38.93%

38.90%

 - Percentage of Shares(as a % of the Total Share Capital of the Company)

11.69%

16.58%

16.58%

(b)

Non-encumbered

 - No. of Shares

17327283

13706883

13729083

 - Percentage of Shares(as a % of the Total Shareholding of

     the Promoter and Promoter Group)

73.34%

61.07%

61.10%

 - Percentage of Shares(as a % of the Total Share Capital of the Company)

32.14%

26.01%

26.05%

*Total public shareholding as defined under clause 40A of the Listing Agreement (excluding shares held by Global Depository Receipt holders).

** Equity Shares have been pledged by the promoters with banks and financial institutions as collateral security for loans taken by the company.

NOTES:

1

The results were reviewed by the Audit Committee and approved  by the Board  in their meeting held on 11.01.2010.

2

The Auditors of the Company have carried out the Limited Review of the above financial results.

3

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

4

The Company has alloted 12 lacs Equity Shares of Rs. 10 each at a price of Rs. 67 per share on 27th November, 2009 on exercise of the conversion right by promoters, on all 12 lacs  equity warrants, alloted on 16th June, 2008 on preferential basis in accordance with the SEBI Preferential Issue Guidelines.After allotment of these Equity Shares, the paid-up Equity Share Capital and Securities Premium Account have increased by Rs.120 lacs and Rs. 684 lacs respectively.

5

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,2009 are as follows : Turnover - Rs. 34423.32 lacs, Net profit after tax - Rs.5716.90 lacs and EPS (Basic/Diluted) - Rs. 10.74/Rs. 10.74.

6

There was no outstanding complaint from the share holders at the beginning and end of the quarter and all the 4 complaints received during the quarter have been dealt with satisfactorily.

7

Figures for the previous corresponding period 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

Year ended

No.

Dec.,09

Dec.,08

Sep.,09

(Unaudited)

(Unaudited)

(Audited)

1

Segment Revenue (Net of Excise & Other Taxes)

a) Sugar

31598.83

26923.21

93011.29

b) Power

10978.69

5727.41

15552.34

c) Chemicals / Ethanol

2058.41

1159.57

3550.02

d) Others

203.54

225.27

604.37

Total

44839.47

34035.46

112718.02

Less : Inter Segment Revenue (Net of Excise)

11634.81

7253.44

19163.00

Net Sales / Income from Operation

33204.66

26782.02

93555.02

2

Segment Results (Net Profit(+)/Loss(-) before Tax & Interest from each Segment)

a) Sugar

7435.98

2371.82

10833.65

b) Power

2581.39

1621.71

4134.40

c) Chemicals / Ethanol

(239.52)

100.44

203.21

d) Others

12.31

9.14

43.66

Total

9790.16

4103.11

15214.92

Less :Interest

1276.86

1896.22

8098.78

Less : Other Unallocable Expenses and Extra Ordianry Items

          Net of  Unallocable Income

(259.31)

(695.29)

(904.93)

Net Profit (+) / Loss(-) before Tax

8253.99

1511.60

6211.21

3

Capital Employed (Segment Assets - Segment Liabilities)

a) Sugar

73238.41

70489.01

60165.60

b) Power

48603.53

46597.32

46754.45

c) Chemicals / Ethanol

10576.42

9613.66

11115.31

d) Others

74.22

76.48

71.06

Total

132492.58

126776.47

118106.42

For Dhampur Sugar Mills Ltd.

Place : New Delhi

V.K.GOEL

Date   : 11.01.2010 

Chairman