Interim Results

E.I.D.- PARRY (INDIA) LIMITED Registered Office: `Dare House' Parry's Corner, Chennai - 600 001. Unaudited Financial Results (Provisional) for the Half Year ended September 30, 2002 Rs.in Crores Unaudited Audited Year ended Quarter ended Half year ended Sept.30, Sept. 30, Sept.30, Sept.30, March 31, 2002 2001 2002 2001 2002 1. Net Sales 438.56 467.02 754.06 724.29 1507.02 /Income from Operations 2. Other Income 13.84 8.56 14.73 10.87 20.57 3. Total Expenditure : a) (Increase)/ 51.02 61.13 23.23 9.98 53.78 Decrease in Stock in Trade b) Consumption of 113.82 108.24 276.53 255.29 501.64 Raw Materials c) Purchase of 163.65 160.46 222.87 214.50 457.11 Goods for resale d) Staff cost 19.65 16.67 36.66 31.44 62.72 e) Other 71.02 82.83 150.04 149.03 297.21 Expenditure 419.16 429.33 709.33 660.24 1372.46 4. Gross Profit 33.24 46.25 59.46 74.92 155.13 5. Interest (Net) 7.55 15.08 18.93 31.22 52.78 6. Depreciation 11.27 10.85 22.43 21.46 43.69 7. Profit before 14.42 20.32 18.10 22.24 58.66 Taxation 8. Provision for Taxation Current Tax 1.15 1.22 1.45 1.42 3.90 Deferred Tax 4.50 4.75 5.50 5.00 19.93 9. Net Profit after 8.77 14.35 11.15 15.82 34.83 Taxation (PAT) 10. Paid up Equity 17.84 17.84 17.84 17.84 17.84 Share Capital (Face value - Rs.10 per Equity Share) 11. Reserves 356.20 excluding Revaluation Reserve 12. Earnings per 4.91 8.04 6.25 8.86 19.48 Share (EPS) (not annualised) Basic and Diluted (Rs. per Equity Share) 13. Aggregate of Non-Promoter Shareholding No. of shares 10601631 10370614 10638379 % of shareholding 59.4 58.1 59.6 1. The above statement of Unaudited Financial Results (Provisional) for the half year ended September 30, 2002 was approved by the Board of Directors at their Meeting held on October 25, 2002. 2. The Statutory Auditors of the Company have carried out a Limited Review of Unaudited Financial Results for the half year ended September 30, 2002. 3. Pending announcement by Government of India of final rates of concession on Fertiliser, profit has been determined on the basis of best estimates, as per extant Accounting Policy. 4. Other Income includes Profit on sale of Investments Rs.6.21 Crores for the half year ended September 30, 2002 and Rs.0.52 Crore for the corresponding half year ended September 30, 2001. 5. During the first half of the current year, the company has incurred Rs.3.28 Crores towards Employees' Voluntary Retirement/Separation Schemes. In line with the Income Tax Law, this will be amortised over a period of 5 financial years as against the past practice of absorbing the cost in the year of payment. Had the past practice been followed, the profit for the current half year would have been lower by Rs.2.62 Crores. 6. Previous period figures have been regrouped wherever necessary. On behalf of the Board M.V, Subbiah Chennai Executive Chairman October 25, 2002 E.I.D.PARRY ( INDIA ) LIMITED Segment Reporting under Clause 41 of the Listing Agreement with Stock Exchange for the Half-year ended 30th September, 2002 For the Quarter ended Half year ended Year ended Sept.30, Sept. 30, Sept.30, Sept.30, March 31, 2002 2001 2002 2001 2002 Rs. Rs. Rs. Rs. Rs. Crores Crores Crores Crores Crores 1. Segment Revenue (Net sales/ Income from each Segment) a. Farm Inputs 264.08 305.73 381.60 414.78 838.68 b. Sugar 144.05 130.73 308.10 248.20 539.48 c. Parryware 34.31 32.69 70.27 65.38 129.41 d. Bio-products 1.24 1.70 2.61 2.49 16.59 e. Others 10.76 7.29 10.90 7.81 11.02 Sub-Total 454.44 478.14 773.48 738.66 1535.18 Less : 2.04 2.56 4.69 3.50 7.59 Intersegmental Revenue Net Sales /Income 452.40 475.58 768.79 735.16 1527.59 from Operations 2.Segment Results ( Profit (+)/ Loss (-) before Tax and Interest from each segment ) a. Farm Inputs 10.17 16.14 14.94 21.27 44.87 b. Sugar 1.98 7.59 12.23 26.18 52.91 c. Parryware 3.35 1.45 6.27 3.38 10.44 d. Bio-products (1.28) (0.77) (2.37) (1.76) 2.52 Sub-Total 14.22 24.41 31.07 49.07 110.74 Less: (i) (7.55) (15.08) (18.93) (31.22) (52.78) Interest (Net) (ii) 7.75 10.99 5.96 4.39 0.70 Other un-allocable expenditure net of un-allocable income Total Profit 14.42 20.32 18.10 22.24 58.66 Before Tax 3. Capital Employed (Segment Assets- Segment Liabilities) a. Farm Inputs 283.96 265.18 283.96 265.18 214.02 b. Sugar 368.94 485.30 368.94 485.30 401.34 c. Parryware 78.34 86.86 78.34 86.86 86.12 d. Bio-products 38.24 36.26 38.24 36.26 41.81 e. Others 132.22 131.40 132.22 131.40 108.87 (Including Investments) Total 901.70 1005.00 901.70 1005.00 852.16 ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2002/10/28/20021028BIT00910/wkr0001.doc http://www.waymaker.net/bitonline/2002/10/28/20021028BIT00910/wkr0002.pdf