Deepak Fertilisers & Petrochemicals Corporation Ltd.

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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.
 

Audited Financial Results for the year ended 31st March, 2003

(Rs. in lacs)

Sr. No.

Particulars

Nine Months Ended

Quarter ended

Year ended

   

31.12.2002

(Unaudited)

31.03.2003

(Unaudited)

31.03.2002

(Unaudited)

31.03.2003

(Audited)

31.03.2002

(Audited)

1

Gross Sales

42,419

15,012

12,169

57,431

53,097

 

Less: Excise

3,704

1,470

806

5,174

3,702

 

Net Sales

38,715

13,542

11,363

52,257

49,395

2

Other Income -

         
 

a) Segment Related

144

250

354

394

787

 

b) Unallocated

1,639

307

262

1,946

1,045

 

Sub total other income

1,783

557

616

2,340

1,832

 

Total Revenue

40,498

14,099

11,979

54,597

51,227

3

Expenditure

          
 

a) Decrease/ (Increase) in Stock in Trade

608

1,885

(118)

2,493

1,125

 

b) Consumption of Raw Materials

11,554

3,325

3,557

14,879

15,635

 

c) Staff Cost

2,573

1,180

807

3,753

3,097

 

d) Traded Goods Purchases

8,706

1,162

1,324

9,868

10,029

 

e) Other Expenditure

7,716

1,331

2,519

9,047

9,674

 

Total Expenditure

31,157

8,883

8,089

40,040

39,560

4.

Interest

1,187

500

455

1,687

2,124

5.

Depreciation

2,279

790

664

3,069

2,876

6.

Extraordinary items

-

(147)

236

(147)

63

7.

Profit before Tax (1+2-3-4-5-6)

5,875

4,073

2,535

9,948

6,604

8.

Provision for Taxation

          
 

a) Current Tax

2,662

1,569

543

4,231

1,598

 

b) Deferred Tax

(210)

(484)

67

(694)

142

 

Total

2,452

1,085

610

3,537

1,740

9.

Net Profit (7-8)

3,423

2,988

1,925

6,411

4,864

10.

Paid-up Equity Share Capital (Face Value of Rs.10/- each)

7,470

7,470

7,470

7,470

7,470

11.

Reserves excluding revaluation Reserves

*

*

*

30,898

26,367

12.

Basic and diluted EPS (Rs.)

4.58

4.00

2.59

8.58

6.51

13.

Aggregate of Non - Promoter Shareholding

          
 

- Number of Shares

53,413,356

53,385,356

53,413,356

53,385,356

53,413,356

 

- Percentage of Shareholding

72.96

72.93

72.96

72.93

72.96

* Non-annualised

Notes

1. Net sales include trading operations of Rs. 11,352 lacs for the year ended 31st March, 2003 (Rs 14,211 lacs in the corresponding period of previous year).

2. Depreciation include Rs. 74.89 lacs for the quarter and Rs. 274.89 lacs for the year ended 31st March, 2003 respectively on account of provision made at accelerated rates on certain assets, where impairment or obsolescence is anticipated due to technological changes.

3. Extraordinary items for the year ended 31st March, 2003 represent net surplus of Rs. 147.48 lacs (net of taxes) towards damages received for breach of supply contract.

4. Contingency Provision of Rs 500 lacs made in quarter ended 30th September, 2002 has been reviewed and written back.

5. The Board of Directors has recommended a dividend of 22 % (previous year 20%) on Equity Shares of the Company for the year ended 31st March, 2003.

6. Previous Years figures have been regrouped wherever necessary to conform to current year's figures.

The above audited financial results were considered and taken on record by the Board of Directors at its meeting held on 22nd May, 2003.

For Deepak Fertilisers And Petrochemicals Corp. Ltd.
S. C. Mehta
Managing Director

Segmentwise Revenue, Results and Capital Employed, March 2003


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