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GUJARAT ALKALIES AND CHEMICALS
LIMITED
Regd. Office: P.O. Petrochemicals,
VADODARA 391
346
UNAUDITED (PROVISIONAL) FINANCIAL RESULTS
FOR THE QUARTER ENDED ON
30th JUNE, 2007
(Rs. in Lakhs)
| Sr.No |
Particulars
|
Quarter
ended on
30.06.2007 (Reviewed) |
Quarter
ended on
30.06.2006 (Reviewed) |
Previous year
2006-07
(Audited) |
| 01 |
Net Sales/Income from Operations
|
29,120 |
28,037 |
1,21,511 |
| Less: Excise Duty |
4,250 |
3,854 |
17,027 |
| Net Sales/Income from Operations |
24,870 |
24,183 |
1,04,484 |
| 02 |
Other Income |
1,716 |
558 |
4,051 |
| 03 |
Total Income (01 + 02) |
26,586 |
24,741 |
1,08,535 |
| 04
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Total
Expenditure
|
| a) (Increase)/Decrease Stock |
(900) |
(231) |
(163) |
| b) Consumption of Raw Materials |
8,669 |
7,360 |
32,582 |
| c) Power, Fuel and Other Utilities |
3,988 |
2,966 |
15,059 |
| d) Other Mfg.&Operating Expenditure |
3,229 |
2,885 |
10,252 |
| e) Staff Cost |
1,876 |
1,700 |
6,879 |
| f) Other Expenditure |
918 |
1,205 |
4,046 |
| Total
(a to f) of Sr.No.(04) |
17,780 |
15,885 |
68,655 |
| 05 |
Gross Profit Before
Interest, Depreciation & Taxation (03-04) |
8,806 |
8,856 |
39,880 |
| 06 |
Interest and Financial
Charges |
737 |
837 |
3,773 |
| 07 |
Gross Profit after
Interest but before Depreciation & Taxation (05-06) |
8,069 |
8,019 |
36,107 |
| 08 |
Depreciation |
2,339 |
2,041 |
8,732 |
| 09 |
Prior Period Adjustments [Net Debit/(Credit) ] |
25 |
(225) |
26 |
| 10 |
Profit(+)/(Loss)(-)
Before Tax |
5,705 |
6,203 |
27,349 |
| 11
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Provision for
Taxation
|
| (i) Under Section 115JB (MAT) |
631 |
- |
- |
| (ii) Provision for Taxation including Wealth Tax |
- |
1,780 |
7,850 |
| (iii) Under Deferred Tax Liability |
16 |
158 |
808 |
| (iv) Under Fringe Benefits Tax |
11 |
8 |
35 |
| Total [ (i) to (iv) of Sr. No. 11] |
658 |
1,946 |
8,693 |
| 12 |
Profit(+)/(Loss)(-) After Tax |
5,047 |
4,257 |
18,656 |
| 13 |
Paid-up Equity Share
Capital(Face Value per share :Rs.10/- ) |
7,344 |
7,344 |
7,344 |
| 14 |
Reserves excluding
Revaluation Reserves
(as per Balance Sheet of Previous year)
|
- |
- |
81,504 |
| 15 |
Basic & Diluted
Earning per Share (Rupees) (Not annualised) |
| a) Before Deferred Tax Liability |
6.89 |
6.01 |
26.50 |
| b) After Deferred Tax Liability |
6.87 |
5.80 |
25.40 |
| 16 |
Segment Capital
Employed
(Segment Assets, Segment Liability) |
1,49,063 |
1,38,185 |
1,51,051 |
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17 |
Aggregate of
Non-Promoter Shareholding
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| - No. of Shares |
4,64,71,963 |
4,64,71,963 |
4,64,71,963 |
| - Percentage of
Shareholding |
63.28 |
63.28 |
63.28 |
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NOTES :
| 1. |
The
Company’s operations fall under single segment namely
“Chemicals”.
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| 2. |
Other Income includes Rs.1,268.33 Lakhs (Previous period Rs. Nil) being compensation received from the Multilateral Fund towards phase out of CTC product under Montreal Protocol.
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| 3. |
Corresponding figures of the previous period have been regrouped to make them comparable whenever necessary. |
| 4. |
Status of Investor's complaints for the quarter ended 30th June, 2007. |
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Opening
Balance: 0 (Nil)
Received :
26 (Twenty Six)
Disposed off : 26 (Twenty Six) |
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Pending
as on 30.06.2007: (Nil).
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| 5. |
The
Statutory Auditors have conducted a ‘limited review’ of the above results. |
| 6. |
The above results have been reviewed by the Audit Committee of Directors and approved by the Board of Directors of the Company at their meetings held on 13th July, 2007. |
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By Order of the Board
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Sd/-
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Place : Vadodara
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(GURUPRASAD MOHAPATRA)
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Date : 13th July, 2007
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MANAGING DIRECTOR
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