|
(Rs.Lacs.)
|
| Sl.No. |
Particulars |
3 months ended 31.12.07
Unaudited |
Corresponding 3 months in Previous Yr. 31.12.06
Unaudited |
Year to date figures for current 9 months period ended 31.12.07
Unaudited |
Year to date figures for previous 9 months period ended 31.12.06
Unaudited |
Previous Accounting year ended 31.3.07
Audited |
| 1 |
Net Sales/ Income from operation |
11,800 |
11,257 |
34,291 |
33,263 |
50,342 |
| Sale of Scrap |
13 |
15 |
34 |
41 |
59 |
| Net Activity |
11,813 |
11,272 |
34,325 |
33,304 |
50,401 |
| 2 |
Other Income |
6 |
17 |
90 |
39 |
562 |
| Total Income |
11,819 |
11,289 |
34,415 |
33,343 |
50,963 |
| 3 |
Expenditure |
|
|
|
|
|
| a) |
Adjustment for (increase)/decrease in WIP/CIP |
75 |
(261) |
(50) |
(446) |
(997) |
| b) |
Consumption of Raw Materials |
6,538 |
6,928 |
19,235 |
22,641 |
31,791 |
| c) |
Purchase of Traded goods |
46 |
- |
46 |
- |
|
| d) |
Outsourcing expenses for Job work |
1,688 |
1,909 |
5,629 |
4,200 |
9,227 |
| e) |
Employees Cost |
908 |
617 |
2,297 |
1,675 |
2,359 |
| f) |
Other Expenditure |
1,546 |
1,180 |
4,416 |
2,916 |
5,187 |
| g) |
Loss on sale of Fixed Assets (Net) |
- |
161 |
- |
262 |
314 |
| 4 |
EBIDTA
(1+2-3) |
1,018 |
755 |
2,842 |
2,095 |
3,082 |
| 5 |
Interest and Finance charges (Net) |
242 |
276 |
724 |
679 |
902 |
| 6 |
Depreciation |
55 |
35 |
153 |
144 |
172 |
| 7 |
Exceptional Items |
- |
- |
- |
- |
- |
| 8 |
Profit(+)/Loss(-) from ordinary activities before Tax (4-5-6-7) |
721 |
444 |
1,965 |
1,272 |
2,008 |
| 9 |
Tax Expense |
|
|
|
|
|
| Current Tax |
210 |
50 |
400 |
143 |
203 |
| Deferred Tax |
|
|
|
|
19 |
| Fringe Benefit Tax |
16 |
11 |
32 |
27 |
36 |
| 10 |
Net Profit(+)/Loss(-) (8-9) from Ordinary Activities after Tax |
495 |
383 |
1,533 |
1,102 |
1,750 |
| 11 |
Extraordinary Items (net of tax expense) |
- |
- |
- |
- |
- |
| 12 |
Net Profit/(Loss) for the period (10-11) |
495 |
383 |
1,533 |
1,102 |
1,750 |
| 13 |
Paid up Equity share Capital |
2,869 |
2,646 |
2,869 |
2,646 |
2,678 |
| (Face value of the share Rs. 10) |
|
|
|
|
|
| 14 |
Reserves excluding Revaluation Reserve as per |
|
|
|
|
5,979 |
| Balance Sheet of previous accounting year |
|
|
|
|
|
| 15 |
Earnings per Share : |
|
|
|
|
|
| |
Basic EPS (Rs.) |
1.78 |
1.45 |
5.61 |
4.17 |
6.60 |
| |
Diluted EPS (Rs.) |
1.66 |
1.45 |
5.16 |
4.17 |
6.60 |
| 16 |
Public Shareholding : |
|
|
|
|
|
| No. of Shares |
19,809,970 |
17,415,696 |
19,809,970 |
17,415,696 |
17,733,598 |
| Percentage of Shareholding |
69.06 |
65.81 |
69.06 |
65.81 |
66.22 |
| |
NOTES:
|
| 1. |
The above unaudited results were taken on record by
the Board of Directors of the Company at its meeting
held on 31st January, 2008. |
| |
|
| 2. |
The quarterly results for the quarter ended 31st
December,2007 are subject to limited review by the
Statutory Auditors of the Company. |
| |
|
| 3. |
The Company has orders in hand exceeding Rs.1500
Crores as on 31st December, 2007. |
| |
|
| 4. |
The auditors had qualified their report on the
accounts for the year ended 31.3.2007 and expressed
their inability to comment on the recoverability of
investment amount due from Jayamkondam Lignite Power
Corporation (JLPC) amounting to Rs.1,08,06,995/- in view
of the prolonged non conclusive status of the Power
Project set up by JLPC in which the Company was a co-
promoter. The Company however is reasonably hopeful of
recovering value of its advances and investment in JLPC
and accordingly no provision for the same has been made
till date. |
| |
|
| 5. |
The ACCOUNTING STANDARD (AS) - 15 (Revised) on
'Employee Benefits' issued by the institute of Chartered
Accountants of 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 the period ended 31st December, 2007
in terms of the said AS. This will be accounted for on
completion of aforesaid process. However, the company
during the period April-December 2007 has provided Rs.58 lakhs towards gratuity liability. |
| |
|
| 6. |
Adjustments for Deferred Tax, if any, shall be made
at the year end. |
| |
|
| 7. |
The Company till date has converted US$ 7 Million
out of the FCCB issue of US$ 10 Million. |
| |
|
| 8. |
The Company has further received Rs.18,88,76,470/-
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.
|
| |
|
| 9. |
The proceeds of the FCCB and the Convertible
Warrants have been utilised as per the end-use disclosed
in the issue documents. |
| |
|
| 10. |
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. |
| |
|
| 11. |
The Company did not have any investor complaints
pending as on 31st December, 2007.There were eight
investors' complaints received and disposed off during
the quarter ended 31st December, 2007. |
| |
|
| 12. |
Project business is subject to quarter to quarter
variations and one quarter's performance in isolation
does not necessarily indicate full year's performance. |
| |
|
| 13. |
Previous year's figures have been regrouped /
rearranged wherever necessary. |
| |
Kolkata
31st January, 2008 |
SRINIVASH SINGH
MANAGING DIRECTOR |
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