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Unaudited Financial Results for the Quarter/Six months ended 30th September, 2007 |
(Rs. Lacs.)
| Sl. No. |
Particulars |
3 months ended 30.9.07 |
3 months ended 30.9.06 |
6 months ended 30.9.07 |
6 months ended 30.9.06 |
Audited 12 months ended 31.3.2007 |
| 1 |
Net Sales/ Income from operation |
11,412 |
11,221 |
22,491 |
22,006 |
50,342 |
| |
Adjustment for increase/(decrease) in CIP |
94 |
64 |
125 |
185 |
997 |
| |
Sale of Scrap |
15 |
13 |
21 |
26 |
59 |
| |
Net Activity |
11,521 |
11,298 |
22,637 |
22,217 |
51,398 |
| 2 |
Other Income |
54 |
14 |
84 |
22 |
562 |
| |
Total Income |
11,575 |
11,312 |
22,721 |
22,239 |
51,960 |
| 3 |
Total Expenditure |
|
|
|
|
|
a) |
Consumption of Raw Materials |
5,687 |
7,959 |
12,697 |
15,713 |
31,791 |
b) |
Outsourcing expenses for Job work |
2,581 |
1,044 |
3,941 |
2,291 |
9,227 |
c) |
Staff Cost |
773 |
563 |
1,389 |
1,058 |
2,359 |
d) |
Other Expenditure |
1,651 |
954 |
2,870 |
1,736 |
5,187 |
e) |
Loss on sale of Fixed Assets (Net) |
|
101 |
|
101 |
314 |
| 4 |
EBIDTA(1+2-3) |
883 |
691 |
1,824 |
1,340 |
3,082 |
| 5 |
Interest and Finance charges (Net) |
227 |
207 |
482 |
403 |
902 |
| 6 |
Depreciation |
48 |
57 |
98 |
109 |
172 |
| 7 |
Operating Profit/(Loss) before Tax (4-5-6) |
608 |
427 |
1,244 |
828 |
2,008 |
| 8 |
Provision for Taxation |
|
- |
|
- |
|
| |
Current Tax |
0 |
48 |
190 |
93 |
203 |
| |
Deferred Tax |
|
|
|
|
19 |
| |
Fringe Benefit Tax |
8 |
9 |
16 |
16 |
36 |
| 9 |
Net Profit/(Loss) (7-8) |
600 |
370 |
1,038 |
719 |
1,750 |
| 10 |
Profit available for appropriation |
|
|
|
|
1,750 |
| 11 |
Paid up Equity share Capital |
2,741 |
2,646 |
2,741 |
2,646 |
2,678 |
| |
( Face value of the share Rs. 10) |
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|
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| 12 |
Reserves excluding Revaluation Reserve |
|
|
|
|
5,979 |
| 13 |
Earning per Share-Basic EPS (Rs.) |
2.20 |
1.40 |
3.84 |
2.72 |
6.60 |
| 14 |
Diluted EPS (Rs.) |
2.07 |
1.40 |
3.57 |
2.72 |
6.60 |
| 15 |
Aggregate of non-promoter shareholding |
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No. of Shares |
18,482,563 |
17,405,696 |
18,482,563 |
17,405,696 |
17,733,598 |
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Percentage of Shareholding |
67.42 |
65.78 |
67.42 |
65.78 |
66.22 |
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* including Deferred Tax |
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The above unaudited results were taken on record by the
Board of Directors of the Company at its meeting held on 31st
October, 2007
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The quarterly results for the quarter ended 30th September,
2007 are subject to limited review by the Statutory Auditors of
the Company.
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The Company has orders in hand exceeding Rs. 1400 crores as
on 30th September, 2007.
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Previous year’s figures have been regrouped/rearranged
wherever necessary.
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As regards investments totaling Rs. 1,10,56,695 in
Jayamkondam Lignite Power Corporation (JLPC), JLPC has converted
a part of the loan (Rs. 249700) into its equity share capital.
As per the latest information, Neyveli Lignite Corporation has
stepped into the projects as new partner. The Company is
reasonably confident of recovering value of its advances and
investment in JLPC.
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The ACCOUNTING STANDARD (AS) – 15 (Revised) on ‘Employee
Benefits’ issued by the Institute of Chartered Accountants India
has become applicable during the current financial year and the
company is in the process of ascertaining impact, if any, on
certain accrued employee costs upto period ended 30th September,
2007 in terms the said AS. This will be accounted for, on
completion of aforesaid process. The Company during the period
April-September 2007 has provided Rs. 40 lakhs towards accrued
gratuity liability as assessed by Life Insurance Corporation of
India.
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Adjustments for Deferred Tax, if any, shall be at the year
end.
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The Company had received application for conversion of FCCBs
worth US $ 2 million against which 635,804 Equity Shares of Rs.
10/- each were allotted at a premium of Rs. 133/- per share on
20th July, 2007.
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The Company has further received Rs. 1,94,98,050/- against
convertible bonds from the promoters and key management persons,
allotment of shares against which is pending subject to the
approval of the Stock Exchanges.
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Figures of Subsidiary Companies EWB Korynyezetvedelmi Kft
and EWB-MBE International Kornyezetvedelmi Kft. are not
available on quarterly basis as these foreign Companies are
statutorily required to draw up Accounts and get the same
audited on Annual basis only.
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The Company did not have any investor complaints pending as
on 30th September, 2007. There were four investors’ complaint
received and disposed off during the quarter ended 30th
September, 2007.
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Project business is subject to quarter to quarter variations
and one quarter’s performance in isolation does not necessarily
indicate full year’s performance.
|
Kolkata
31st October, 2007 |
SRINIVASH SINGH
MANAGING DIRECTOR |
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