Unaudited Financial Results For Quarter & Half Year Ended 30th September, 2004

(Rs. in lacs)

Sr. No.	Particulars	Quarter Ended 30.09.2004 (Unaudited)	Quarter Ended 30.09.2003 (Unaudited)	Half Year Ended 30.09.2004 (Unaudited)	Half Year Ended 30.09.2003 (Unaudited)	Year Ended 31.03.2004 (Audited)
1	Sales	11,574	11,566	23,933	23,803	52,038
	Less: Excise	1,194	1,079	2,357	2,238	4,899
	Net Sales	10,380	10,487	21,576	21,565	47,139
2	a) Other Income -Segment Related	79	163	123	216	521
	b) -Unallocated	469	401	884	906	1,970
	Sub total other income	548	564	1,007	1,122	2,491
	Total Revenue	10,928	11,051	22,583	22,687	49,630
3	Total Expenditure
	a) (Increase)/ Decrease in Stock in Trade	239	(751)	(159)	(791)	325
	b) Consumption of Raw Materials	2,388	4,118	6,495	7,694	16,497
	c) Staff Cost	1,042	924	1,969	1,814	3,655
	d) Traded Goods Purchases	2,518	1,795	4,524	3,016	5,960
	e) Other Expenditure	1,869	2,111	3,867	4,139	8,426
		8,056	8,197	16,696	15,872	34,863
4	Interest	166	396	382	698	1,445
5	Depreciation	756	752	1,505	1,512	2,958
6	Extraordinary items	(445)	-	(445)	890	623
7	Profit before Tax (1+2-3-4-5-6)	2,395	1,706	4,445	3,715	9,741
8	Provision for taxation
	a) Provision for Current Tax	933	444	1,621	1,575	3,426
	b) Provision for Deferred Tax (including reversal of Rs 44 lacs in respect of previous years)	(140)	148	(98)	(290)	(657)
	Sub total	793	592	1,523	1,285	2,769
9	Net Profit (7-8)	1,602	1,114	2,922	2,430	6,972
10	Paid-up Equity Share Capital (Face Value of Rs.10/- each)	8,820	7,470	8,820	7,470	8,820
11	Reserves excluding revaluation reserves	-		-	-	38,460
12	Basic and diluted EPS (Rs.)	1.82*	1.49*	3.31*	3.25*	9.06
13	Aggregate of Non - Promoter Shareholding	10.00	1.49	10.00	3.25	9.06
	- Number of Shares	52,809,429	52,593,241	52,809,429	52,593,241	52,809,918
	- Percentage of Shareholding	59.87	71.84	59.87	71.84	59.87

* Non Annualised

Notes

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

2. The supply of Natural Gas continued to be lower than contracted allocation, affecting production and sales.

3. Extraordinary items for the quarter represent write back of provision, related to non-recurring expenses, no longer required, pursuant to settlement.

4. During the quarter the Company has commissioned captive power plant of 9 M.W. capacity.

5. During the quarter ended September,2004 the Company has incorporated a wholly owned subsidiary in the name and style of Deepak Nitrochem Pty. Ltd. in Australia to explore the possibility of setting up of manufacturing facility.

6. The above unaudited financial results for the quarter and half year ended 30th September, 2004 were reviewed by the Statutory Auditors of the Company.

7. There were no investor complaints pending at the beginning of the quarter. The Company, during the quarter, received one investor complaint, which was resolved.

The above unaudited financial results were considered and taken on record by the Board of Directors at its meeting held on 21st October, 2004.

For Deepak Fertilisers And Petrochemicals Corporation Ltd.
S. C. MEHTA
Managing Director
Place : Mumbai
Date : 21st October, 2004

Segment wise Revenue, Results and Capital Employed