|
DCW
LIMITED |
|
| |
Registered
office : Dhrangadhra - 363315 ( Gujarat ) |
| |
Head
Office :'Nirmal', Nariman
Point , Mumbai - 400021. |
| |
|
|
(Rs. in lacs) |
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER
ENDED 30TH JUNE, 2008 : |
|
| |
QUARTER ENDED |
|
YEAR ENDED |
| PARTICULARS |
30.06.2008 |
30.06.2007 |
31.03.2008 |
| |
Unaudited |
Unaudited |
Audited |
| GROSS SALES : |
27,210.49 |
16,720.46 |
86,364.96 |
|
LESS : EXCISE DUTY |
3,142.05 |
2,804.76 |
11,568.62 |
| 1. NET SALES FROM OPERATIONS |
24,068.44 |
13,915.70 |
74,796.34 |
| 2. OTHER INCOME |
53.61 |
14.79 |
1,260.75 |
| |
24,122.05 |
13,930.49 |
76,057.09 |
|
3.TOTAL EXPENDITURE : |
|
|
|
| a. (INCREASE) / DECREASE IN STOCK |
422.59 |
(4,243.07) |
(2,589.91) |
| b. CONSUMPTION OF RAW MATERIALS |
12,253.98 |
9,746.11 |
42,122.39 |
| c. POWER & FUEL |
4,704.79 |
3,311.93 |
13,400.19 |
| d. STAFF COST |
1,144.62 |
1,180.28 |
4,257.33 |
| e. DEPRECIATION |
1,016.89 |
660.79 |
3,002.84 |
| f.
OTHER EXPENDITURE |
3,001.98 |
2,314.31 |
9,422.93 |
| |
22,544.85 |
12,970.35 |
69,615.77 |
| 4.
PROFIT BEFORE INTEREST |
1,577.20 |
960.14 |
6,441.32 |
| |
|
|
|
| 5.
INTEREST (NET) |
421.90 |
20.20 |
1,348.34 |
| |
|
|
|
| 6.
EXCEPTIONAL ITEMS |
- |
- |
- |
| |
|
|
|
| 7.
PROFIT FROM ORDINARY ACTIVITIES BEFORE TAX |
1,155.30 |
939.94 |
5,092.98 |
| |
|
|
|
| 8.
TAX EXPENSE : |
|
|
|
| CURRENT TAX |
90.00 |
80.00 |
575.00 |
| FRINGE BENEFIT TAX |
16.00 |
15.00 |
60.00 |
| MAT CREDIT AVAILABLE FOR SET OFF |
- |
- |
(155.00) |
| |
106.00 |
95.00 |
480.00 |
| PROFIT FROM ORDINARY ACTIVITIES AFTER
CURRENT TAX |
1,049.30 |
844.94 |
4,612.98 |
| DEFERRED TAX |
- |
100.00 |
1,033.73 |
| EXTRAORDINARY ITEMS |
- |
- |
- |
| 9.
NET PROFIT / ( LOSS ) |
1,049.30 |
744.94 |
3,579.25 |
| |
|
|
|
| 10.
PAID UP EQUITY SHARE CAPITAL (Face value of Rs. 2/- per share) |
3,923.09 |
3,450.94 |
3,923.09 |
| |
|
|
|
| 11. RESERVES EXCLUDING REVALUATION RESERVE
(AS PER - |
|
|
|
| BALANCE SHEET OF PREVIOUS ACCOUNTING YEAR) |
|
|
25,985.24 |
| |
|
|
|
| 12.
EARNING PER SHARE ( EPS ) |
|
|
|
| BASIC EPS |
0.53 |
0.43 |
1.82 |
| DILUTED EPS |
0.53 |
0.43 |
1.90 |
| |
|
|
|
| 13.
AGGREGATE OF NON-PROMOTER SHARE HOLDING |
|
|
|
| -
NUMBER OF SHARES |
11,85,14,177 |
9,70,81,057 |
11,75,08,665 |
| -
PERCENTAGE OF SHAREHOLDING |
60.42% |
56.26% |
59.23% |
| Notes : |
|
|
|
| 1.
"The Company has during the quarter, pursuant to AS-15 (Revised),
estimated and provided for" Employee Benefits". |
|
| 2.
Caustic Soda Division performance has been affected due to increase in
Oil & Coal prices which is used for generating power. Efforts are being
made |
| to improve the Caustic Soda sales
realisation. |
|
|
| 3.
Rs. 5 crores, has been provided during the quarter towards loss on
account of depreciation in rupee on balance amount payable for VCM imports. |
| 4.
The balance exchange loss of Rs. 7 crores (after providing Rs. 5
crores in this quarter) as per the exchange rate prevailing on 30th June,
2008, will be |
| accounted on payment of respective
imports on due dates as per the exchange rate prevailing on due dates.. |
|
| 5.
The above financial results were reviewed by the Audit committee and
taken on record by the Board of Directors at its meeting held on 30th July,
2008. |
| 6.
The statutory auditors of the Company have carried out a limited
review of the results for the quarter ended 30th June, 2008. |
|
| 7.
Interest of Rs. 8.36 lacs on borrowings for Carbonation Towers has
been capitalised as the project is still under Capital work in progress. |
| 8. The previous periods figures have been
regrouped, wherever necessary. |
|
|
| 9. No
Investor complaint was pending at the beginning of the quarter and 9
complaints were received during the quarter and all were resolved before |
| end of the quarter. |
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|
|
| 10. The company has provided for Tax as per
MAT and Deferred tax provision will be considered at the end of the
year. |
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| SEGMENT REVENUE, RESULTS AND
CAPITAL EMPLOYED : |
|
|
|
| |
QUARTER ENDED |
|
YEAR ENDED |
| PARTICULARS |
30.06.2008 |
30.06.2007 |
31.03.2008 |
| |
Unaudited |
Unaudited |
Audited |
| I.
SEGMENT REVENUE : (Net Income) |
|
|
|
| a. Soda Ash |
4,462.12 |
3,200.59 |
14,181.37 |
| b. Caustic Soda |
6,755.20 |
5,258.76 |
21,200.31 |
| c. PVC |
12,605.30 |
5,246.72 |
38,681.07 |
| d. Others |
245.82 |
209.63 |
733.59 |
| Net sales from operation |
24,068.44 |
13,915.70 |
74,796.34 |
| II. SEGMENT RESULTS : (Profit / (Loss) before Interest and Tax) |
|
|
|
| a. Soda Ash |
713.86 |
30.42 |
1,463.26 |
| b. Caustic Soda |
19.39 |
580.59 |
881.50 |
| c. PVC |
686.43 |
231.70 |
3,723.12 |
| d. Others |
157.52 |
117.43 |
373.44 |
| Total |
1,577.20 |
960.14 |
6,441.32 |
| Less :
Interest ( Net ) |
421.90 |
20.20 |
1,348.34 |
| PROFIT BEFORE TAX |
1,155.30 |
939.94 |
5,092.98 |
| III. CAPITAL EMPLOYED : (Segment Assets - Segment Liabilities) |
|
|
|
| a. Soda Ash |
14,048.31 |
12,751.57 |
14,303.92 |
| b. Caustic Soda |
62,062.06 |
43,790.04 |
59,275.36 |
| c. PVC |
(6,609.05) |
(4,101.88) |
(5,162.78) |
| d. Others |
7,466.00 |
6,209.92 |
8,696.75 |
| TOTAL |
76,967.32 |
58,649.65 |
77,113.25 |
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| The
company has a subsidiary DCW Pigments Ltd., accordingly consolidated figures
are as follows: |
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|
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| CONSOLIDATED FIGURES : |
QUARTER ENDED |
YEAR ENDED |
|
| |
30.06.08 |
31.03.2008 |
|
| |
( Unaudited ) |
(
Audited ) |
|
| |
|
|
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| Turnover |
27,210.49 |
86,364.96 |
|
| Net Profit after tax |
1,049.30 |
3,579.25 |
|
| Earning per share (Face value of Rs. 2
) |
|
|
|
| Basic |
0.53 |
1.82 |
|
| Diluted |
0.53 |
1.90 |
|
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|
|
| Since
there were no significant operation in subsidiary company during previous
year quarter, figures for previous year are not given. |
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For and on behalf
of the Board of Directors |
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|
|
| Place
: Mumbai |
|
Dr. Shashi Chand Jain |
| Date
: 30th July, 2008 |
Chairman & Managing Director |
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| DCW LIMITED -
Manufacturers of CHEMICALS THAT MAKE INDUSTRIES HUM. |
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Visit us at : www.dcwltd.com |
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