AMBUJA CEMENT EASTERN LIMITED
Regd. Office : P.O. Rawan, Tehsil - Baloda Bazar, District - Raipur, Pin - 493 331 (Chhattisgarh)
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2004
  Quarter ended Half Year ended Year ended
PARTICULARS 31.12.2004 31.12.2003 31.12.2004 31.12.2003 30.06.2004
  (unaudited) (unaudited) (unaudited) (unaudited) (Audited)
Production - Quantity in Lac Tonnes          
- Clinker 2.94 3.20 5.64 5.20 11.69
- Cement 3.91 3.05 7.60 6.03 16.28
           
Sales - Quantity in Lac Tonnes          
- Clinker 0.02 0.00 0.33 0.00 0.41
- Cement 3.86 3.07 7.58 6.06 16.22
                 
      (Rs. in lacs)
Sales / Income from Operations   11349 8282 22733 16955 47121
Less:Excise Duty 1480 1226 2983 2255 6418
  ------------- --------------- ------------- --------------- ---------------
Net Sales 9869 7056 19750 14700 40703
Other Income 185 93 401 211 504
    ---------------   --------------- ---------------
    6126   13800 40089
           
Total Expenditure          
a) (Increase) / Decrease in Stock-in-trade (296) (930) (156) (900) (614)
b) Consumption of Raw Materials 549 426 1047 799 2488
c) Staff Cost 440 417 897 810 1767
d) Power & Fuel 2287 2114 4488 3808 8681
e) Freight & Forwarding          
  -On sales 1333 943 2527 1802 5074
  -On inter-unit clinker transfer 1000 737 1808 1588 4060
f) Other Expenditure 2671 1761 5376 4034 8983
  ------------- --------------- ------------- --------------- ---------------
Total 7984 5468 15987 11941 30439
           
Operating Profit 2070 1681 4164 2970 10768
           
Interest 201 313 397 598 1063
           
Depreciation 808 702 1614 1402 2825
           
Profit before Exceptional Item and Taxation 1061 666 2153 970 6880
           
Exceptional Item-Depreciation - - - - 187
           
Profit after Exceptional Item but before Tax 1061 666 2153 970 6693
           
Provision for Taxation (Refer Note No. 1)          
- Current Tax - - - - -
- Deferred Tax 355 216 625 246 2186
           
Net Profit 706 450 1528 724 4507
           
Paid-up Equity Share Capital 19330 19330 19330 19330 19330
(Face value Rs.10/- each)          
           
Reserves excluding Revaluation Reserve - - - - 1675
           
Earning per share (EPS - in Rs.)          
Basic & Diluted 0.37 0.23 0.79 0.38 2.34
(EPS for quarter/half year not annualised)          
           
Aggregate of non-promoter shareholding          
- Number of shares (in lacs)     113.94 113.94 113.94
- Percentage of shareholding     5.92% 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) The Provisions for deferred tax has been made net of deferred tax assets.
2. The Company has only one business segment "Cement ".
3. Provision for restoration cost of mining area,as required by Accounting Standard AS-29, "Provisions, Contingent Liabilities and Contingent Assets" issued by the Institute of Chartered Accountants of India, will be ascertained and accounted at year end,whi
4. During the quarter, 179 investor complaints were received, all of which were disposed off by the Company. No complaints were pending either at the beginning or at the end of the quarter.
5. Figures in respect of previous periods 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 the meeting held on 14th January, 2005.
7. Limited review of the results for the quarter/half year ended 31st December, 2004 has been completed by the Statutory Auditors.
By Order of the Board
Mumbai Harshavardhan Neotia
14th January, 2005 Managing Director