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| Ambujanagar P.O.,Taluka - Kodinar, District-Junagadh, Gujarat
- 362 715 |
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| Unaudited Quarterly Consolidated Financial Results |
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|
Quarter Ended |
Six months Ended |
Previous
Year ended |
|
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|
31-12-2004 |
31-12-2003 |
31-12-2004 |
31-12-2003 |
30-06-2004 |
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| |
|
(Refer Note
7) |
(Refer Note 7) |
(Audited) |
|
| (Rs. in crores) |
|
| Net
Sales / Income from Operations |
|
|
|
|
|
|
| Gross
Sales/Operating Income |
865.95 |
608.99 |
1,680.01 |
1,147.57 |
2,819.03 |
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| |
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| Less : Excise duty paid |
130.61 |
94.50 |
237.49 |
171.13 |
401.25 |
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| |
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| Net Sales |
|
735.34 |
514.49 |
1,442.52 |
976.44 |
2,417.78 |
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| Other
Income: |
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| -Exchange Rate difference (net) |
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|
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| -Exchange Rate difference (net) |
(Refer Note-1) |
30.24 |
3.69 |
31.28 |
9.92 |
9.66 |
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-Others |
10.98 |
7.11 |
33.41 |
20.95 |
49.53 |
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|
41.22 |
10.80 |
64.69 |
30.87 |
59.19 |
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| Share
of Earning of Associate |
0.14 |
0.12 |
0.14 |
(0.16) |
0.06 |
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| Total
Expenditure |
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|
|
|
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a) |
(Increase) / Decrease
in Stock |
3.11 |
(34.03) |
(16.42) |
(37.12) |
(51.80) |
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b) |
Consumption of raw materials : |
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|
|
|
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|
- Clinker Purchased |
- |
7.58 |
- |
11.45 |
33.80 |
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|
-
Others |
36.53 |
26.62 |
66.53 |
47.14 |
110.27 |
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|
36.53 |
34.20 |
66.53 |
58.59 |
144.07 |
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c) |
Staff Cost |
29.58 |
22.86 |
58.50 |
50.41 |
100.99 |
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d) |
Power & Fuel |
201.70 |
138.59 |
383.89 |
253.21 |
550.06 |
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e) |
Freight & Forwarding : |
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|
-
On Sales |
111.70 |
84.01 |
217.47 |
161.14 |
377.45 |
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|
- On inter-units Clinker transfer |
31.77 |
23.43 |
57.70 |
43.67 |
104.89 |
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|
143.47 |
107.44 |
275.17 |
204.81 |
482.34 |
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f) |
Other Expenditure |
163.75 |
124.45 |
328.30 |
251.02 |
541.50 |
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| |
|
578.14 |
393.51 |
1,095.97 |
780.92 |
1,767.16 |
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| Operating
Profit |
198.56 |
131.90 |
411.38 |
226.23 |
709.87 |
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| Interest
(Net) |
22.60 |
26.21 |
45.51 |
48.55 |
90.06 |
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| |
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| Depreciation
& Amortisation |
59.78 |
50.62 |
120.45 |
100.20 |
208.24 |
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|
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| Operating
Profit before tax and |
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|
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|
|
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| prior period items |
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|
116.18 |
55.07 |
245.42 |
77.48 |
411.57 |
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| Prior
period items: |
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|
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Depreciation written back |
- |
48.98 |
- |
62.84 |
60.07 |
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Expenses on sales
promotion |
- |
(11.62) |
- |
(16.77) |
(15.27) |
|
| |
Staff cost |
- |
(1.63) |
- |
(1.63) |
(2.27) |
|
| |
|
- |
35.73 |
- |
44.44 |
42.53 |
|
| Operating
Profit before tax |
116.18 |
90.80 |
245.42 |
121.92 |
454.10 |
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| |
|
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| Provision
for Taxation : |
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|
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|
|
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| |
-
Current tax |
7.78 |
6.56 |
15.73 |
8.45 |
20.55 |
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-
Deferred tax |
13.45 |
21.45 |
25.85 |
29.10 |
48.25 |
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|
21.23 |
28.01 |
41.58 |
37.55 |
68.80 |
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| Less
: Minority Interest |
3.31 |
1.68 |
11.21 |
5.78 |
22.87 |
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| Net
Profit |
91.64 |
61.11 |
192.63 |
78.59 |
362.43 |
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|
Quarter Ended |
Six months Ended |
Previous
Year ended |
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|
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|
31-12-2004 |
31-12-2003 |
31-12-2004 |
31-12-2003 |
30-06-2004 |
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| |
|
|
(Refer
Note 7) |
(Refer Note 7) |
(Audited) |
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|
Paid
up Equity Share Capital |
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|
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|
(Face value Rs. 10/-
each) |
179.59 |
158.31 |
179.59 |
158.31 |
179.40 |
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|
Reserves excluding Revaluation |
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|
Reserves[1] |
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1,563.51 |
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Earning per share (EPS - in Rs.) : |
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|
|
|
|
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|
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|
|
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|
Basic |
5.11 |
3.93 |
10.73 |
5.05 |
22.77 |
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|
Diluted |
5.09 |
3.54 |
10.70 |
4.58 |
21.02 |
|
| (EPS
for quarter/half year not annualised) |
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| Aggregate
shareholding of non promoters : |
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-No. of shares (in crores) |
|
|
13.71 |
11.66 |
13.68 |
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-Percentage of shareholding |
|
|
76% |
74% |
76% |
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| Notes
: |
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1) |
In
accordance with Accounting Standard AS-11" Effect of change in Foreign
Exchange Rates (Revised 2003)" which is applicable from the current
financial year, the exchange difference on foreign currency borrowing for
acquisition of indigenous fixed assets have been recognised in the profit and
loss account. As a result of this change, the profit for the quarter/half
year ended 31st December, 2004 is higher by Rs. 6.21 crores and Rs. 6.82
crores respectively. |
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2) |
Net profit
of the quarter and half year ended
31st December, 2004 includes
share of earning/loss(-) in joint
venture amounting to Rs. (-)0.79
Crores (31.12.2003 - Rs.0.52 Crores )
and Rs.0.48 Crores (31.12.2003-Rs.0.72 Crores) respectively and previous year
ended 30th June, 2004-Rs. 5.26 crores. |
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3) |
The
consolidated results have business
segment other than cement but the same not being material (less than
1%), the segment results have not been given. |
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The figures
for the current quarter/half year includes figures for the erstwhile Ambuja
Cement Rajasthan Limited which merged with the Company w.e.f. 1st June, 2004.
Accordingly, figures for the current quarter/half year are not comparable
with those of the corresponding quarter/half year of the previous year. |
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4) |
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5) |
The figures
for the corresponding quarter/half year of previous year have been
regrouped/restated wherever necessary. |
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The above
results have been approved and taken on record by the Board of Directors of
the company at the meeting held on 20th January, 2005. |
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6) |
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7) |
Limited
Review of the quarterly and half yearly financial results for the period
ended 31st December, 2004 has been carried out by the Auditors. |
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By the Order of the
Board |
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Mumbai |
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(N S Sekhsaria) |
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20th January,2005 |
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Managing Director |
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