PARTICULARS 9 months
ended 31.12.2006 (Reviewed)
Quarter ended

Year
ended
31.03.2007 (Audited
)


Year
ended
31.03.2006
(Audited
)

31.03.2007
31.03.2006
Net Sales/Income from operations
18861.46
8974.81
7739.43
27836.27
30696.67
Other Income
107.42
0.00
131.13
106.10
219.52
Total Income
18968.88
8974.81
7870.56
27942.37
30916.19
Expenditure
(a)  (Increase)/decrease in stock-in-trade
93.72
45.89
11.28
139.61
1094.67
(b)  Raw material Consumed
11993.61
5788.89
4713.50
17782.50
18332.99
(c)  Staff Cost
497.53
117.66
164.37
615.19
933.35
(d)  Excise duty
2570.99
1239.18
1087.95
3810.17
4135.80
(e)  Power & Fuel
878.59
343.05
343.47
1223.64
1404.18
(f )  Other expenditure
618.52
342.42
560.50
959.62
1566.06
Total Expenditure
16652.96
7879.09
6881.07
24530.73
27467.05
Profit before Interest, Depreciation & Taxes
2315.92
1095.72
989.49
3411.64
3407.96
Interest
1086.42
487.39
405.62
1573.81
1222.60
Profit after interest but beforeDepreciation & Taxes
1229.50
608.33
583.86
1837.83
2185.36
Depreciation
462.16
156.44
170.88
618.60
638.65
Profit before Tax and Extra ordinary item
767.34
451.90
412.98
1219.23
1546.71
Extra ordinary item
269.41
0.00
0.00
269.41
0.00
(Sale of Land & Building of Vadodara Unit)
Profit before tax
1036.75
415.90
412.98
1488.64
1546.71
Provision for Taxation - Current
0.00
0.00
0.00
(488.85)
(465.90)
Provision for Taxation - Fringe benefit
(8.62)
(1.50)
(12.48)
(10.12)
(25.98)
Net Profit after tax
1028.13
450.40
400.50
989.67
1054.83
Provision for taxation - Deffered 
0.00
0.00
0.00
(464.51)
(108.32))
Net Profit after Deffered Tax
1028.13
450.40
400.50
525.16
946.51
Paid-up equity share capital
(Face value of Re.1/-)
1659.06
1659.06
1659.06
1659.06
1659.06
Reserves excluding revaluation reserves
5940.62
5609.57
(as per balance sheet)
Earning per share (par value Re.1/-) (Rs)
(for the Quarter / Six month / Year)
Cash
0.90
0.37
0.34
0.69
0.96
Basic & diluted
0.62
0.27
0.24
0.32
0.57
Aggregate of non-promotor shareholding:
No of shares
95468980
94987088
95465740
94987088
95465740
Percentage of shareholding
57.54%
57.25%
57.54%
57.25%
57.54%

Notes:

  1. Provision for Current tax and deferred tax has been made the year end only
  2. The company operates in a single segment only.
  3. As on 1st January 2007 the Company had no investors complaints pending. During the quarter Company has received 28 complaints which have been suitably resolved and no complaints were pending as on 31st March 2007
  4. The Board of Directors have recommended a dividend of 10% for the financial year ended on 31st March 2007
  5. Figures for the Previous year have been re-grouped and re-arranged wherever necessary.
  6. The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on 2nd july 2007
 
Place : Mumbai
 
Date : 2nd July 2007

B.M. Bhansali
Managing Director