AMBUJA CEMENT EASTERN LIMITED
Regd. Office : P.O. Rawan, Tehsil - Baloda Bazar, District - Raipur, Pin - 493 331 (Chhattisgarh)
FINANCIAL RESULTS FOR THE YEAR ENDED 3OTH JUNE, 2003
				Nine months ended	Quarter ended		Year ended				Nine months' period ended
PARTICULARS				31.03.2003	30.06.2003	30.06.2002	30.06.2003	30.06.2002			31.03.2003	31.03.2002
				(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)
Production - Quantity in Lac Tonnes
- Clinker				7.87	2.77	2.67	10.64	10.39			7.87	7.72
- Cement				10.36	4.47	3.78	14.83	14.37			10.36	10.59
Sales - Quantity in Lac Tonnes
- Clinker				0.13	0.19	0.04	0.32	0.17			0.13	0.13
- Cement				10.04	4.68	4.05	14.72	14.66			10.04	10.61
								(Rs. in lacs)
Sales / Income from Operations				28591	13448	10628	42039	36554			28591	25926
Less:Excise Duty				3606	1913	1415	5519	5130			3606	3715
				---------------	-------------	---------------	---------------	---------------			---------------	---------------
Net Sales				24985	11535	9213	36520	31424			24985	22211
Other Income				248	104	749	352	1002			248	253
						---------------	---------------	---------------
						9608	36330	31865
Total Expenditure
a) (Increase) / Decrease in Stock-in-trade				(1020)	830	395	(190)	441			(1020)	46
b) Consumption of Raw Materials
		- Clinker purchased		203	-	3	203	213			203	210
		- Other Raw Materials		2542	1075	935	3617	3340			2542	2405
c) Staff Cost				1013	353	312	1366	1374			1013	1062
d) Power & Fuel				5612	2142	1820	7754	7005			5612	5185
e) Freight & Forwarding				6315	2560	2282	8875	8456			6315	6174
f) Other Expenditure				4379	1792	1653	6171	6050			4379	4397
				---------------	-------------	---------------	---------------	---------------			---------------	---------------
Total				19044	8752	7400	27796	26879			19044	19479
Operating Profit				6189	2887	2562	9076	5547			6189	2985
Interest				1339	364	564	1703	2253			1339	1689
Depreciation				1860	612	698	2472	2700			1860	2002
Profit before Exceptional item and Taxation				2990	1911	1300	4901	594			2990	(706)
Exceptional item - Cess written back				-	-	-	-	589			-	589
Profit after Exceptional item but before Taxation				2990	1911	1300	4901	1183			2990	(117)
Provision for Taxation (Refer Note No. 1)											-	-
- Current Tax				-	-	-	-	-
- Deferred Tax				-	(7169)	-	(7169)	-
Net Profit				2990	9080	1300	12070	1183			2990	(117)
Paid-up Equity Share Capital				19330	19330	19330	19330	19330			19330	19330
(Face value Rs.10/-)
Reserves excluding Revaluation Reserve				-	-	-	1675	3895			-	-
Earning per share (EPS - in Rs.)
	Basic & Diluted			1.55	4.72	0.68	6.27	0.61			1.55	(0.06)
	(EPS for quarter / nine months not annualised)
Aggregate of non-promoter shareholding
- Number of shares (in lacs)							113.94	113.94
- Percentage of shareholding							5.92%	5.92%

Notes:
1.	(a)	No provision for current taxation has been made in the accounts in view of the carried forward business losses / unabsorbed depreciation in respect of past years.
	(b)	Deferred Tax has been accounted for in accordance with the Accounting Standard - 22, "Accounting for Taxes on Income", issued by The Institute of Chartered Accountants of India. Deferred tax assets are represented by unabsorbed losses and depreciation carried forward from earlier years. Considering future profitability projections based on the current performance of the Company, there is sufficient assurance that future taxable income will be available against which such deferred tax assets can be realised.
2.	(a)	The method of valuation of inventories of Raw Materials, Stores, Spare parts & Packing Materials has been changed from Weighted Average to FIFO. Consequently, the profit for the year ended 30th June, 2003 is higher by Rs 12.74 lacs.
	(b)	Since the impact of change in the method of valuation of inventories, as above, is not significant in the previous year, the figures for the previous year ended 30th June, 2002 have not been restated.
3.	There were 78 investor complaints pending on 1st April 2003 and 34 complaints were received during the quarter. All the complaints have been disposed off during the quarter. No complaints were pending as on 30th June, 2003.
4.	The Company has only one business segment "cement " and therefore, the requirements with respect to segment reporting are not applicable.
5.	Previous year's figures have been regrouped / restated wherever necessary.
6.	The above results have been approved and taken on record by the Board of Directors of the Company at their meeting held on 26th July, 2003.
								By Order of the Board
Place : Mumbai								Harshavardhan Neotia
Date : 26.07.2003								Managing Director