Unaudited Financial Results for quarter ended 30th June, 2003

Deepak Fertilisers & Petrochemicals Corporation Ltd.

Industrial Chemicals

Knowledge Center

A leading manufacturer of industrial chemicals including methanol, nitric acid and carbon dioxide.

The largest Indian manufacturer of ammonium nitrate.

"Mahadhan" brand fertilisers are effective for a wide variety of crops.

Unaudited Financial Results for quarter ended 30th June, 2003.

(Rs. in lacs)

Sr. No.	Particulars	Quarter Ended 30.06.2003 (Unaudited)	Quarter Ended 30.06.2002 (Unaudited)	Year 31.03.2003 (Audited)
1	Sales	12,236	14,177	57,431
	Less: Excise	1,158	1,111	5,174
	Net Sales	11,078	13,066	52,257
2	a) Other Income -Segment Related	53	124	394
	b) Unallocated	505	253	1,946
	Sub total other income	558	377	2,340
	Total Revenue	11,636	13,443	54,597
3	Total Expenditure
	a) (Increase)/ Decrease in Stock in Trade	(40)	(484)	2,493
	b) Consumption of Raw Materials	3,576	4,225	14,879
	c) Staff Cost	890	887	3,753
	d) Traded Goods Purchases	1,221	3,949	9,868
	e) Other Expenditure	2,028	2,121	9,047
		7,675	10,698	40,040
4	Interest	302	390	1,687
5	Depreciation	760	692	3,069
6	Extraordinary items	890	-	(147)
7	Profit before Tax (1+2-3-4-5-6)	2,009	1,663	9,948
8	Provision for taxation
	a) Provision for Current Tax	1,131	680	4,231
	b) Provision for Deferred Tax	(438)	(69)	(694)
	Sub total	693	611	3,537
9	Net Profit(7-8)	1,316	1,052	6,411
10	Paid-up Equity Share Capital (Face Value of Rs.10/- each)	7,470	7,470	7,470
11	Reserves excluding revaluation reserves	-	-	30,898
12	Basic and diluted EPS (Rs.)	*1.76	*1.41	8.58
13	Aggregate of Non - Promoter Shareholding
	- Number of Shares	52,580,977	53,413,356	53,385,356
	- Percentage of Shareholding	71.83	72.96	72.96

* Non-Annualised

Notes

1. The Government of India is yet to notify final subsidy on fertiliser for the current year and hence the amount of subsidy is based on provisional figures.

2. In view of continued lower capacity utilisation of Dilute Nitric Acid Plant (third stream), the policy for providing depreciation is changed retrospectively in respect of this plant from straight line basis to written value basis to accelerate charge thereof. This has resulted in incremental depreciation of earlier years shown as an extra ordinary item, higher depreciation for the quarter by Rs. 25 lacs and net reduction in profit after tax by Rs. 595 lacs.

3. The above unaudited financial results for the quarter ended 30th June, 2003 were reviewed by the Statutory Auditors of the Company.

4. There were no investor complaints pending at the beginning of the quarter. During the quarter, 63 complaints were received, out of which 62 complaints were disposed off. The balance one complaint regarding issue of duplicate share certificate was pending for want of completion of formalities by the concerned shareholder.

5. The above unaudited financial results were considered and taken on record by the Board of Directors at its meeting held on 21st July, 2003.

For Deepak Fertilisers And Petrochemicals Corporation Ltd.

S. C. Mehta

Managing Director

Segmentwise Revenue, Results and Capital Employed, June 2003

[ Recognition ]

[ Community ]

[ Careers ]

[ Contact Us ]

[ Site Map ]