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 MARCH, 2004
					Quarter ended		Nine months ended		Year ended
	PARTICULARS				31.03.2004	31.03.2003	31.03.2004	31.03.2003	30.06.2003
									(Audited)
	Production - Quantity in Lac Tonnes
	- Clinker				8.48	7.87	8.48	7.87	10.64
	- Cement				10.53	10.36	10.53	10.36	14.83
	Sales - Quantity in Lac Tonnes
	- Clinker				0.12	0.13	0.12	0.13	0.32
	- Cement				10.63	10.04	10.63	10.04	14.72
									(Rs. in lacs)
	Sales / Income from Operations				30418	28729	30418	28729	42265
	Less:Excise Duty				4284	3606	4284	3606	5519
					-------------	---------------	-------------	---------------	---------------
	Net Sales				26134	25123	26134	25123	36746
	Other Income				315	248	315	248	352
						---------------		---------------	---------------
						24103		24103	36556
	Total Expenditure
	a) (Increase) / Decrease in Stock-in-trade				(956)	(1020)	(956)	(1020)	(190)
	b) Consumption of Raw Materials
			- Clinker purchased		-	203.00	-	203	203
			- Other Raw Materials		1593	1458	1593	1458	2095
					-------------	---------------	-------------	---------------	---------------
					1593	1661	1593	1661	2298
	c) Staff Cost (Refer Note No 2)				1280	1089	1280	1089	1466
	d) Power & Fuel				6113	5603	6113	5603	7743
	e) Freight & Forwarding
			- On Sales		3264	3412	3264	3412	4899
			- On inter-unit clinker transfer		2660	2903	2660	2903	3976
					-------------	---------------	-------------	---------------	---------------
					5924	6315	5924	6315	8875
	f) Other Expenditure				6059	5534	6059	5534	7830
					-------------	---------------	-------------	---------------	---------------
	Total				20013	19182	20013	19182	28022
	Operating Profit				6436	6189	6436	6189	9076
	Interest				849	1339	849	1339	1703
	Depreciation				1891	1860	1891	1860	2472
	Profit before Tax				3696	2990	3696	2990	4901
	Provision for Taxation (Refer Note No. 3)
	- Current Tax				-	-	-	-	-
	- Deferred Tax				1270	-	1270	-	(7169)
	Net Profit				2426	2990	2426	2990	12070
	Paid-up Equity Share Capital				19330	19330	19330	19330	19330
	(Face value Rs.10/- each)
	Reserves excluding Revaluation Reserves				-	-	-	-	1675
	Earning per share (EPS - in Rs.)
		Basic & Diluted			1.26	1.55	1.26	1.55	6.27
		(EPS for quarter/nine months not annualised)
	Notes:
	1.	At the Review Meeting held on 3rd March,2004, the Board for Industrial and Financial Reconstruction (BIFR) has discharged the company from the purview of the Sick Industrial Companies ( Special Provisions) Act, 1985 having regard to the fact that its net worth is positive, with a proviso that the unfulfilled obligations, if any, under the scheme shall continue to be monitored by the Bench.
	2.	Staff cost includes liability of Rs 59.60 lacs for the quarter ended 31st March 2004 and Rs.69.61 lacs for the nine months period ended 31st March 2004 in respect of certain items which were hitherto recognised on the basis of claims made.
	3.	(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 provision for deferred tax has been made net of deferred tax assets. The corresponding figure for previous quarter/ nine months ended 31st March, 2003 has been shown as nil since the same was recognised at the end of the previous year ended 30th June 2003.
	4.	The Company has only one business segment "Cement ".
	5.	No complaints were pending from investors as on Ist January,2004. 211 complaints were received during the quarter, out of which 2 complaints were pending as on 31st March,2004.
	6.	Figures in respect of previous periods have been regrouped / restated wherever necessary.
	7.	The above results have been approved and taken on record by the Board of Directors of the Company at the meeting held on 15th April, 2004.
	8.	Limited review of the results for the quarter/nine months ended 31st March, 2004 has been carried out by the Auditors.
									By Order of the Board
		Mumbai							Harshavardhan Neotia
		15th April, 2004							Managing Director