Punjab Alkalies & Chemicals Limited

Unaudited Financial Results (Provisional) for the Quarter and Half Year Ended 30th September, 2008

(Rs. in Lakhs)
Sr. No. Particulars
Quarter Ended 30.09.2008  (Unaudited)
Quarter    Ended   30.09.2007 (Unaudited)
   Half Year Ended  30.09.2008 (Unaudited)   Half Year Ended   30.09.2007 (Unaudited) Previous Accounting Year  Ended    31.3.2008     (Audited)
1 a) Net Sales/Income from Operations 5396.72 5250.18 11335.47 9707.81 20011.45
  b) Other Operating Income 124.43 27.22 181.42 74.20 195.82
2  Expenditure          
  a) (Increase)/Decrease in stock in trade and work in progress (75.49) (25.47) (160.37) 8.45 71.60
  b) Consumption of raw materials, power & fuel etc.          
       i) Salt 862.44 623.58 1604.67 1329.02 2777.66
      ii) Power 2593.14 2452.06 5350.55 5127.09 10392.63
     iii) Others 486.02 534.64 902.25 473.64 1155.62
          Total 3941.60 3610.28 7857.47 6929.75 14325.91
  c) Purchase of traded goods - 48.35 - 144.14 144.49
  d) Employees Cost 311.05 370.00 671.11 707.64 1508.67
  e) Depreciation 297.06 324.63 595.02 655.11 1279.52
  f) Other Expenditure 288.68 280.66 481.56 541.63 1026.77
     Total 4762.90 4608.45 9444.79 8986.72 18356.96
3  Profit from Operations before other Income, Interest & Exceptional Items (1-2) 758.25 668.95 2072.10 795.29 1850.31
4 Other Income 10.52 0.39 20.41 2.34 7.80
5 Profit before Interest & Exceptional Items (3+4) 768.77 669.34 2092.51 797.63 1858.11
6 Interest 256.81 292.61 528.42 583.73 1139.59
7 Profit after Interest but before Exceptional Items (5-6) 511.96 376.73 1564.09 213.90 718.52
8 Exceptional Items - - - - -
9 Profit from Ordinary Activities before tax (7+8) 511.96 376.73 1564.09 213.90 718.52
10 Tax Expense          
  a) Provision of Taxation - MAT 58.01 31.96 177.22 31.96 81.41
  b) Fringe Benefit Tax 2.53 2.11 5.12 4.49 9.62
  c) Deferred Tax 161.32 127.33 531.12 69.13 233.54
      Total 221.86 161.40 713.46 105.58
324.57
11 Net Profit from Ordinary Activities after Tax (9-10) 290.10 215.33 850.63 108.32 393.95
12 Extraordinary Items (Net of tax expense) - - - - -
13 Net Profit for the period after tax (11-12) 290.10 215.33 850.63 108.32 393.95
14 Paid up equity share capital (Face Value Rs.10/-) 2049.96 2049.95 2049.96 2049.95 2049.96
15 Reserves excluding revaluation reserves - - - - 3626.37
16 Earnings per Share (Rs.) (Not Annualised)          
  a) Basic 1.42 1.05 4.15 0.53 1.92
  b) Diluted 0.42 0.34 1.19 0.22 0.66
17 Public Shareholding:          
  a) Number of Shares 11445550 11445550 11445550 11445550 11445550
  b) Percentage of Shareholding 55.74% 55.74% 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 September,   2008. The Company   received 7 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 have been approved by the Board in its meeting held on 30th October, 2008.

 

 
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