Particulars                       

As at 31.3.2006

As at 31.3.2005

SOURCES OF FUNDS

Shareholders` Funds:

Share Capital

2049.99

2046.76

Reserves and Surplus

9578.12

3624.16

11628.11

5670.92

Loan Funds:

Secured Loans

12730.42

15412.95

24358.53

21083.87

APPLICATION OF FUNDS

Fixed Assets:

Gross Block  

29611.78

23214.78

Depreciation

11773.98

10437.71

Net Block

17837.80

12777.07

Capital Work-in-Progress

283.08

      89.02

18120.88

12866.09

Investments

-

0.01

Net Deferred Tax Assets

493.31

-

Current Assets, Loans & Advances

5786.08

5772.59

Less: Current Liabilities & Provisions

2771.20

2623.57

Net Current Assets

3014.88

3149.02

Miscellaneous Expenditure

(to the extent not written off or adjusted)

    418.33

    626.31

Profit and Loss Account

  2311.13

  4442.44

24358.53

21083.87

Particulars                       

2005-06

2004-05

INCOME

Gross Sales

24586.24

20713.42

Less: Excise Duty

  3547.76

  2952.11

Net Sales

21038.48

17761.31

Other Income

287.82

232.59

Increase/(Decrease) in Stock

      14.02

    (15.43)

21340.32

17978.47

EXPENDITURE 

Purchase of Trading Items

199.47

-

Direct Manufacturing Expenses

14137.64

11155.94

Employee Remuneration and Benefits

1312.51

1257.17

Other Operating & Administration Expenses

535.06

359.08

Selling and Distribution Expenses

662.75

560.23

Finance Charges

1360.14

1376.63

Miscellaneous Expenses Written Off

239.39

171.83

Depreciation

  1103.60

  1111.83

19550.56

15992.71

Profit for the year

1789.76

1985.76

Expenses/(Income) relating to previous year

            -

 (35.43)

Profit before taxation

1789.76

2021.19

Provision for Taxation:

Fringe Benefit Tax

16.55

-

Income Tax

135.21

-

Deferred Tax

  373.36

            -

Profit after taxation 

1264.64

2021.19

Profit/(Loss) of previous years

(4442.44)

(6463.63)

Deferred Tax Assets

   866.67

-

(3575.77)

(6463.63)

Amount available for Appropriations

(2311.13)

(4442.44)

Appropriations

Loss carried to Balance Sheet

(2311.13)

(4442.44)

Earnings per Share (Annualised)

Basic (in Rs.)

6.17

9.87

Diluted (in Rs.)

2.28

4.09

Number of Shares used in computing Earnings per Share

Basic

20482890

20467156

Diluted

59165590

51478656