BOROSIL GLASS WORKS LIMITED
Regd. Office : Khanna Construction House 44, Dr.RG Thadani Marg, Worli, Mumbai - 400 018
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2006
Particulars
Quarter Ended
Accounting Year Ended
30.06.2006
30.06.2005
31.03.2006
Unaudited
Unaudited
Audited
(Rs. in lacs)
1.
 Gross sales
1,320
1,326
7,013
Less: Excise duty recovered
95
90
518
Net Sales / Income from Operations
1,225
1,236
6,495
2. Other Income
34
35
270
3. Total Expenditure
971
1,045
5,467
(a)
 (Increase)/Decrease in Stock in Trade
(518)
(185)
34
(b)
Consumption of Raw materials
66
89
309
(c)
 Purchase of Finished Goods
290
197
917
(d)
Power & Fuel
240
206
951
(e)
Staff Cost
378
345
1,485
(f)
Other Expenditure
515
393
1,771
4. Interest
65
78
298
5.
 Depreciation
96
98
398
6.
Profit/(Loss) Before Extra-ordinary Items and taxes(1+2-3-4-5)
127
50
602
7.
 Extraordinary Items
a.
 Loss due to Flood
-
-
351
b.
Insurance claim received
-
(324)
8.
 Profit Before taxes(6-7)
127
50
575
9.
Provision for Taxation
a.
Income tax
48
4
39
b.
 MAT credit Entitlement
-
-
(35)
c.
 Fringe benefit tax
3
4
21
d.
 Deferred tax
(5)
17
149
10.
Net Profit/(Loss) (8-9)
81
25
401
11.
Paid-up Equity Share Capital
(Face value Rs. 10/- each)
343
343
343
12.
 Reserves excluding Revaluation Reserves
2,058
13.
 Basic and diluted EPS(Not Annualised)*
2.38*
.73*
11.69
 
REPORTING OF SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
 
Particulars

Quarter Ended

Accounting Year Ended

30.06.2006

30.06.2005

31.03.2006

Unaudited

Unaudited

Audited

(Rs. in lacs)
1. Segment Revenue
a. Scientificware

779

771

4,506
b. Consumerware

426

435

1,883
c. Others

20

30

106
Total

1,225

1,236

6,495
Less : Inter Segment Revenue

-

-

-

Net Sales / Income from Operations

1,225

1,236

6,495
2. Segment Results :
a. Scientificware

305

258

1,251
b. Consumerware

110

65

320
c. Others

5

9

31
Total

420

332

1,602
Less :
(i) Interest

65

78

298
(ii)
Other unallocable expenditure net of unallocable income
228
204
729
Total Profit Before Tax

127

50

575
 
Notes:
::

The above results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 28.07.2006.
:: The above financial results have been subjected to a limited review by the Statutory Auditors of the Company
:: The Accounting Standard 15 (Revised 2005)- Employee Benefit issued by the Institute of Chartered Accountants of India has become mandatory w.e.f. 1st April, 2006. Any additional obligation on account of above revised Accounting Standard will be recognized at the year end and the Company obligation prior to 1st April, 2006 will be adjusted against the General Reserve.
:: The furnace at Maraimalai Nagar, Tamilnadu and furnace no. 2 at Marol, Mumbai continue to remain under suspension. However downstream operations at Maraimalai Nagar are continuing.
:: Since the assets are used in the Company’s business interchangeably and the suppliers of raw materials and consumables are common, disclosure of segment wise assets, liabilities, capital expenditure, depreciation and non- cash expenditure is not feasible.
:: The Financial Results are in accordance with the Standard Accounting Practices followed by the Company in preparation of its statutory accounts.
:: The previous period figures have been regrouped/ reclassified wherever necessary to make them comparable.
:: The Company has received 9 complaints from shareholders during the quarter ended 30th June, 2006 which have been disposed off. There were no complaints lying unresolved at the beginning or at the end of the quarter
Place: Mumbai
Date: 28.07.2006		 For Borosil Glass Works Limited

P. K. Kheruka
Vice Chairman & Managing Director
 
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