Punjab Alkalies & Chemicals Limited

Unaudited Financial Results (Provisional) for the Quarter Ended 30th June, 2008

                                                                                                                                                                                                                                                          (Rs. in Lakhs)
Sr. No. Particulars
Quarter Ended 30.06.2008  (Unaudited)
 Quarter    Ended   30.06.2007 (Unaudited) Previous Accounting Year  Ended    31.3.2008     (Audited)
1 Sales (incl.Excise Duty) 6841.47 5190.50 23336.12
  Excise Duty 902.72 732.87 3324.67
  Net Sales/Income from operations 5938.75 4457.63 20011.45
2 Other Income 66.88 48.93 203.62
3 Total Income (1+ 2)
6005.63
4506.56
20215.07
4 Expenditure    
  a) (Increase)/Decrease in stock in trade and work in progress (84.88) 33.92 71.60
  b) Consumption of raw materials, power & fuel etc. 3915.87 3319.47 14325.91
  c) Purchase of traded goods - 95.79 144.49
  d) Employees Cost 360.06 337.64 1508.67
  e) Depreciation 297.96 330.48 1279.52
  e) Other Expenditure 192.88 260.97 1026.77
  Total 4681.89 4378.27 18356.96
5 Interest 271.61 291.12 1139.59
6 Exceptional Items - - -
7 Profit/(Loss) from Ordinary Activities before tax (3) - (4+5+6) 1052.13 (162.83) 718.52
8 Tax Expense      
  a) Provision of Taxation - MAT 119.21 - 81.41
  b) Fringe Benefit Tax 2.59 2.38 9.62
  c) Deferred Tax 369.80 (58.20) 233.54
      Total 491.60 (55.82) 324.57
 
9 Net Profit/(Loss) from Ordinary Activities after Tax (7-8) 560.53 (107.01) 393.95
10 Extraordinary Items (Net of tax expense) - - -
11 Net Profit/(Loss) for the period after tax (9-10) 560.53 (107.01) 393.95
12 Paid up equity share capital (Face Value Rs.10/-) 2049.96 2049.96 2049.96
13 Reserves excluding revaluation reserves - - 3626.37
14 Earnings/(Loss) per Share (Rs.) (Not Annualised)      
  a) Cash 6.00 0.81 9.31
  b) Basic 2.74 (0.52) 1.92
  c) Diluted 0.79 (0.52) 0.66
15 Public Shareholding:      
  a) Number of Shares 11445550 11445550 11445550
  b) Percentage of Shareholding 55.74% 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 30th June, 2008. The Company received 10    investor complaints/queries during  the  said quarter  which  were disposed off. There were no investor complaints/queries pending in the end of the said quarter.

 4.  The above results were taken on record by the Board in its meeting held on 30th July, 2008.

 
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