Punjab Alkalies & Chemicals Limited

Audited Financial Results 2007-08

                            (Rs. in Lakhs)
Sr. No. Particulars   Financial Year Ended   31.03.2008 (Audited) Financial Year  Ended 31.3.2007   (Audited)
1 Sales (incl.Excise Duty) 23336.12 23578.54
  Excise Duty 3324.67 3406.12
  Net Sales/Income from Operations 20011.45 20172.42
2 Other Income 203.62 254.83
3 Total Income (1+2) 20215.07 20427.25
4 Expenditure    
  a) (Increase)/Decrease in stock in trade and work in progress 71.60 (70.87)
  b) Consumption of raw materials, power & fuel etc. 14325.91 14625.74
  c) Purchase of traded goods 144.49 321.73
  d) Employees Cost 1508.67 1326.55
  e) Depreciation 1279.52 1359.45
  e) Other Expenditure 1026.77 1370.83
  Total 18356.96 18933.43
5 Interest 1139.59 1257.95
6 Exceptional Items - -
7 Profit from Ordinary Activities before tax (3)-(4+5+6) 718.52 235.87
8 Tax Expense
  a) Provision for Taxation - MAT 81.41 37.64
  b) Fringe Benefit Tax 9.62 11.25
  c) Deferred Tax 233.54 87.75
  Total 324.57 136.64
9 Net Profit from Ordinary Activities after tax (7-8) 393.95 99.23
10 Extra Ordinary Items (net of tax expense) - -
11 Net Profit for the period after tax (9-10) 393.95 99.23
12 Paid up equity capital (Face Value Rs.10/-) 2049.96 2049.96
13 Reserves excluding revaluation reserves 3626.37 3629.35
14 Earnings per Share (Rs.) (Not Annualised)    
  a) Basic 1.92 0.48
  b) Diluted 0.66 0.28
15 Public Shareholding:    
  a) Number of Shares 11445550 11445550
  b) Percentage of Shareholding 55.74% 55.74%

Notes:

1. The Company has accounted for interest as per the Revised Restructuring Package approved by the Corporate  Debt Restructuring (CDR) Empowered Group at the maximum interest rate of 10.5% p.a. in case of all lenders except ICICI Bank Limited and Punjab & Sind Bank where the interest has been accounted for  @ 6% p.a. and 9% p.a., respectively.

2. The Company operates in a single business segment viz., Chemicals. Hence segment reporting under AS - 17 is not  applicable.

3. The Company did not have any investor complaint/query pending at the beginning of the quarter ended 31st March, 2008. The Company received 7 investor complaints/queries  during the said quarter which were disposed off. There were no investor complaints/queries pending  at the end of the said quarter.

4. The above results were taken on record by the Board in its meeting held on 27th June, 2008.

 
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