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SPEL Environment Care

Unaudited Financial Results (Provisional) for the quarter ended Jun 30, 2007

 

(Rupees in Million)

Description

Quarter Ended

2006-07

Consolidated

Jun 30, 2007

Jun 30, 2006

(Audited)

Quarter ended

Jun 30, 2007

Quarter ended

Jun 30, 2006

2006-07

(Audited)

 1. Sales

149.30

123.08

538.97 149.30

123.08

538.97

 2. Other Income

0.91

1.28

11.95 0.91 1.28

 11.95

Total

150.21

124.36

550.92 150.21 124.36

550.92

 3. Total Expenditure

 

 

     

 

  a.  (Increase) /   

(4.90)

(1.10)

(8.81) (4.90) (1.10)

(8.81)

  Decrease in stock in trade

  b.  Raw materials

69.58

56.20

228.36 69.58 56.20

228.36

  c.  Employee Cost

27.07

20.87

103.77 30.10 23.97

115.96

  d.  Other Expenditure

27.63

25.04

106.73 24.80 21.69

93.87

Total

119.38

101.01

430.05 119.58 100.76

429.38

 4. Interest

6.59

2.57

14.58 6.56 2.57

14.58

 5. Depreciation

14.24

9.15

42.62 14.25 9.16

42.85

 6. Profit / (Loss)

10.03

11.63

63.67 9.82 11.87

64.11

     before Tax

 7. Provision for

1.14

1.28

7.16 1.14 1.28

7.28

     taxation

 8. MAT Credit

 

 

     

 

      Entitlement

(1.14)

- (7.16) (1.14) - (7.16)

 8. Fringe Benefit

           
     Tax

0.72

0.18

1.11 0.72 0.18 1.11

 9. Deferred Tax 

3.26

3.30

23.44 3.26 3.30

23.44

     Expense

10. Net Profit / (Loss )

6.05

6.87

39.12 5.84 7.11

39.44

11. Paid up Equity

455.22

454.51

454.51 455.22 454.51

454.51

     Share Capital
 (Rs.10/- per Share)

12. Reserves

-

-

24.36 - -

24.45

      excluding
      revaluation
      reserves

13. Earning Per 

 

 

     

 

       Share - (Rs.)            
      a. Basic

0.13

0.15 0.86 0.13 0.16 0.87
      b. Diluted

0.13

- 0.85 0.13 - 0.86

14. Aggregate of 

 

 

     

 

      non-promoter
      shareholding

 - Number of Shares

18711536

18640696

18640696

18711536

18640696

18640696

 - Percentage of              

   shareholding

41.02%

41.02%

41.02%

41.11%

41.02%

41.02%

Notes

 a.

The above Unaudited Financial Results have been approved and taken on record at the meeting of the Board of Directors of the Company held on Jul 30, 2007

 b. The sharp appriciation in rupee against US Dollar has affected our operations.
 c.

Increase in Employee Cost is due to yearly revision and implementation of new project.

 d. Increase in Interest Cost & Depreciation is due to the implementation of new project.

 e.

No investor complaint was pending to be resolved at the beginning of the quarter. Complaint received : 1. Complaint resolved : 1. Complaint pending : Nil.

 f.

The company has provided Deferred Tax in accordance with Accounting Standard 22

 g.

Company has provided minimum alternative tax as per Income Tax Act, however taken credit of the same in pursuant to entitlement under sec.115JAA of IT Act

 h.

Company has only one segment i.e Integrated Circuits. SPEL America Inc is an Integral Foreign operation of the holding Company relating to Integrated Circuits. The above consolidated profit and loss are related to Integrated Circuit segment only. With regard to capital employed, an amount of Rs.760.42 million is employed in Integrated Circuit Plant and Rs.66.63 million is employed in MM Plant as on Jun 30, 2007.

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