| UNAUDITED FINANCIAL RESULTS ( PROVISIONAL) QUARTER ENDED 31st DECEMBER' 2008 |
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(Rs. in Lacs) |
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Quarter ended |
9 months ended |
Previous Accounting Year Audited |
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31.12.2008 |
31.12.2007 |
31.12.2008 |
31.12.2007 |
31.03.2008 |
| 1 |
Net Income from Sales/Services |
7561.36 |
8695.01 |
25925.98 |
26319.38 |
48355.88 |
| 2 |
Cost of Sales/Services |
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Total Expenditure |
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a) (Increase) / decrease in stock in trade |
660.82 |
(187.24) |
854.69 |
(359.35) |
(1195.42) |
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b) Consumption of raw material |
6400.34 |
6997.15 |
19283.60 |
20975.23 |
41233.33 |
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c) Staff Cost |
196.40 |
201.25 |
555.20 |
457.41 |
656.73 |
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d) Excise Duty |
400.58 |
757.55 |
2445.78 |
2332.72 |
3331.33 |
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e) Other Expenditure |
304.73 |
298.93 |
1080.02 |
1083.43 |
1596.87 |
| 3 |
Gross Profit |
(401.51) |
627.37 |
1706.69 |
1829.94 |
2733.04 |
| 4 |
General Administrative Expenses |
881.40 |
161.13 |
1846.30 |
402.35 |
548.47 |
| 5 |
Selling and Distribution Expenses |
188.99 |
253.82 |
531.57 |
675.72 |
989.91 |
| 6 |
Operating Profit before Interest & Depreciation |
(1471.90) |
212.42 |
(671.18) |
751.87 |
1194.66 |
| 7 |
Interest |
612.23 |
186.06 |
1187.37 |
600.88 |
859.03 |
| 8 |
Depreciation |
72.68 |
77.04 |
256.88 |
191.29 |
265.05 |
| 9 |
Operating Profit/(Loss) after Interest & Depreciation (1-2-4-5-7-8) |
(2156.81) |
(50.68) |
(2115.43) |
(40.30) |
70.58 |
| 10 |
Other Income |
16.74 |
71.49 |
41.65 |
96.49 |
136.06 |
| 11 |
Profit/(Loss) before Tax |
(2140.07) |
20.81 |
(2073.78) |
56.19 |
206.64 |
| 12 |
Provision for Current Tax |
(15.00) |
15.43 |
|
33.25 |
59.64 |
| 13 |
Deferred Tax Liabilities /(Assets) |
(712.94) |
(8.41) |
(704.88) |
(14.33) |
11.80 |
| 14 |
Fringe Benefit Tax |
1.50 |
2.00 |
4.75 |
5.00 |
7.91 |
| 15 |
Income tax related to previous year |
- |
- |
- |
- |
75.65 |
| 16 |
Net Profit / (Loss) (11-12-13-14) |
(1413.63) |
11.79 |
(1373.65) |
32.27 |
51.64 |
| 17 |
Paid-up equity share capital |
2936.97 |
2936.97 |
2936.97 |
2936.97 |
2936.97 |
| 18 |
Paid-up preference share capital |
650.00 |
650.00 |
650.00 |
650.00 |
650.00 |
| 19 |
Reserves excl. revaluation reserves |
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- |
- |
- |
774.81 |
| 20 |
Earning Per Share (Not Annualised) |
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Basic & Diluted Rupees |
(4.81) |
0.04 |
(4.67) |
0.10 |
0.18 |
| 21 |
Aggregate of non promoters share holding No.of Shares |
21205298 |
21795334 |
21205298 |
21795334 |
21205298 |
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Precentage of shareholdi |
72.16% |
74.26% |
72.16% |
74.26% |
72.16% |
Segment wise revenue, results and capaital employed |
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(Rs. in Lacs) |
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Particulars |
Quarter ended |
9 months ended |
Previous Accounting Year Audited |
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31.12.2008 |
31.12.2007 |
31.12.2008 |
31.12.2007 |
31.03.2008 |
| 1 |
Segment revenue |
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a) Steel Business |
5115.11 |
7895.45 |
23504.64 |
25544.82 |
46233.29 |
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b) Oils |
0.00 |
0.00 |
0.00 |
0.00 |
828.78 |
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c) Others |
2462.99 |
871.05 |
2462.99 |
871.05 |
1429.87 |
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Total |
7578.10 |
6939.08 |
25967.63 |
26415.87 |
48491.94 |
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| 2 |
Segment results |
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(profit / (Loss) before Interest and Tax) |
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a) Steel Business |
(1533.18) |
200.60 |
(891.75) |
650.80 |
796.73 |
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b)Oils |
0.00 |
0.00 |
0.00 |
0.00 |
251.79 |
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c)Others |
5.34 |
6.27 |
5.34 |
6.27 |
17.15 |
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Total |
(1527.84) |
206.87 |
(886.41) |
657.07 |
1065.67 |
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Less-Interest |
612.23 |
186.06 |
1187.37 |
600.88 |
859.03 |
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Profit/(Loss) before Tax |
(2140.07) |
20.81 |
(2073.78) |
56.19 |
206.64 |
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| 3 |
Capital employed |
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(Segment Assets Less Segment Liabilities)
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a) Steel Business |
8339.29 |
7715.13 |
8339.29 |
7715.13 |
7740.60 |
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b) Oils |
69.51 |
1058.17 |
69.51 |
1058.17 |
703.31 |
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c) Others |
373.19 |
358.86 |
373.19 |
358.86 |
62.34 |
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Total |
8781.99 |
9132.16 |
8781.99 |
9132.16 |
8506.25 |
| 1 |
Previous year's figures have been re-grouped and re-arranged wherever necessary to make them comparable. |
| 2. |
The un-audited Financial Results ( Provisional ) for the quarter ended 31st December, 2008 were taken on record at the Board meeting held on 23rd January, 2009. |
| 3. |
There were no investor complaints pending at the beginning of the quarter and during the quarter Company has received 8 complaints which were resolved. There were no complaints lying unresolved at the end of the quarter. |
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Dated: 23rd January, 2009. |
For Ruchi Strips & Alloys Limited
Managing Director |
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