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Audited Financial Results for the
Year ended Mar 31, 2007 |
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(Rupees in Million) |
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Description |
Nine Months Ended
Dec 31, 2006 |
Quarter Ended |
Audited |
Consolidated |
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Mar 31, 2007 |
Mar
31, 2006 |
Mar 31, 2007 |
Mar
31, 2006 |
Nine
Months
Ended
Dec 31,
2006 |
Quarter ended
Mar 31, 2007 |
2006-07 (Audited) |
2005-06
(Audited) |
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1. Sales |
402.62 |
136.35 |
124.33 |
438.97 |
462.85 |
402.62 |
136.35 |
538.97 |
462.85 |
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2. Other Income |
4.48 |
7.47 |
2.24 |
11.95 |
35.41 |
4.48 |
7.47 |
11.95 |
35.41 |
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Total |
407.10 |
143.82 |
126.57 |
550.92 |
498.26 |
407.10 |
143.82 |
550.92 |
498.26 |
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3. Total Expenditure |
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a. (Increase) / |
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(9.05) |
(1.45) |
(8.81) |
(5.97) |
0.24 |
(9.05) |
(8.81) |
(5.97) |
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Decrease in stock |
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in trade |
0.24 |
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b. Raw materials |
178.31 |
50.05 |
54.41 |
228.36 |
202.19 |
178.31 |
50.05 |
228.36 |
202.19 |
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c. Employee Cost |
66.75 |
37.02 |
21.78 |
103.77 |
87.70 |
76.28 |
39.68 |
115.96 |
96.98 |
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d. Other |
69.92 |
37.51 |
25.24 |
106.73 |
90.43 |
58.55 |
35.32 |
93.87 |
81.37 |
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Expenditure |
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Total |
314.52 |
115.53 |
99.98 |
430.05 |
374.35 |
313.38 |
116.00 |
429.38 |
374.57 |
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4. Interest |
11.74 |
2.84 |
2.83 |
14.58 |
12.26 |
11.74 |
2.84 |
14.58 |
12.26 |
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5. Depreciation |
30.39 |
12.23 |
4.51 |
42.62 |
38.15 |
30.44 |
12.41 |
42.85 |
38.16 |
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6. Profit / (Loss) |
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13.22 |
19.25 |
63.67 |
73.50 |
51.54 |
12.57 |
64.11 |
73.27 |
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before Tax |
50.45 |
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7. Provision for |
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1.53 |
(0.38) |
7.16 |
4.19 |
5.63 |
1.65 |
7.28 |
4.19 |
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taxation |
5.63 |
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8. MAT Credit |
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Entitlement |
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(7.16) |
- |
(7.16) |
- |
- |
(7.16) |
(7.16) |
- |
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8. Fringe Benefit |
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Tax |
0.58 |
0.53 |
0.33 |
1.11 |
1.04 |
0.58 |
0.53 |
1.11 |
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9. Deferred Tax |
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7.61 |
2.66 |
23.24 |
10.18 |
15.83 |
7.61 |
23.44 |
10.18 |
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Expense |
15.83 |
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10. Net Profit / (Loss ) |
28.41 |
10.71 |
16.64 |
39.12 |
58.09 |
29.50 |
9.94 |
39.44 |
57.86 |
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11. Paid up Equity |
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454.51 |
454.51 |
454.51 |
454.51 |
454.51 |
454.51 |
454.51 |
454.51 |
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Share Capital |
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(Rs.10/- per Share) |
454.51 |
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12. Reserves |
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- |
- |
24.36 |
0.67 |
- |
- |
24.45 |
0.67 |
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excluding |
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revaluation |
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reserves |
- |
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13. Earning Per |
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Share - (Rs.) |
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a. Basic |
0.63 |
0.24 |
0.37 |
0.86 |
1.28 |
0.65 |
0.22 |
0.87 |
1.27 |
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b. Diluted |
0.62 |
0.23 |
- |
0.85 |
- |
0.64 |
0.22 |
0.86 |
- |
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14. Aggregate of
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non-promoter
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shareholding
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- Number of Shares |
18640696 |
18640696 |
18640696 |
18640696 |
18640696 |
18640696 |
18640696 |
18640696 |
18640696 |
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- Percentage of |
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shareholding |
41.02% |
41.02% |
41.02% |
41.02% |
41.02% |
41.02% |
41.02% |
41.02% |
41.02% |
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Notes
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a. |
The above results were reviewed by the Audit Committee
and taken on record by the Board at its meeting held on Apr 26, 2007 |
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b. |
Previous year / quarter figures have been regrouped to
make them comparable to the current quarter |
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c. |
The other income of the previous year includes waiver of
interest of Rs.31.47 million from settlement of term loan under OTS |
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d. |
No investor complaint was pending to be resolved at the
beginning of the quarter. Complaints received : Nil. Complaints resolved
: Nil. Complaints pending : Nil |
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e. |
The Company has provided deferred tax in accordance with
Accounting Standared 22 |
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f. |
Company has provided a minimum alternative tax as per
Income Tax Act, however taken credit of the same in pursuant of
entitlement allowed by IT Act under Sec. 115 JAA |
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g. |
Company has charged off Rs.4.78 million during the year
on account of Employees Compensation Expenses in pursuant to grant of
ESOSsd |
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h. |
The other expenditure for the quarter
includes the diminution in the valuatioin of MMP assets Rs.3.01 million.
Rs.66.63 million is the capital employed in MM Plant as on Mar 31, 2007 |
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i. |
Company with its subsidiary, SPEL America Inc., has only
one segment i.e Integrated Circuits. An amount of Rs.685.44 million is
the capital employed in Integrated Circuit Plant as on Mar 31, 2007 |
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Recent 4 Quarter Results |
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