BOROSIL GLASS WORKS LIMITED |
| Regd. Office : Khanna Construction House 44, Dr.RG Thadani Marg, Worli, Mumbai - 400 018 |
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30TH SEPTEMBER, 2006 |
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|
Particulars |
Quarter Ended |
Half Year Ended |
Accounting Year Ended |
30.09.2006 |
30.09.2005 |
30.09.2006 |
30.09.2005 |
31.03.2006 |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
(Rs. in lacs) |
1. |
Gross sales |
1,890 |
1,580 |
3,210 |
2,906 |
7,013 |
|
Less: Excise duty recovered |
138 |
121 |
233 |
211 |
518 |
|
Net Sales / Income from Operations |
1,752 |
1,459 |
2,977 |
2,695 |
6,495 |
| 2. |
Other Income |
185 |
134 |
219 |
169 |
270 |
| 3. |
Total Expenditure |
1,462 |
1,193 |
2,433 |
2,238 |
5,467 |
| (a) |
(Increase)/Decrease in Stock in Trade |
(117) |
(44) |
(635) |
(229) |
34 |
| (b) |
Consumption of Raw materials |
72 |
72 |
138 |
161 |
309 |
| (c) |
Purchase of Finished Goods |
328 |
210 |
618 |
407 |
917 |
| (d) |
Power & Fuel |
252 |
230 |
492 |
436 |
951 |
| (e) |
Staff Cost |
392 |
330 |
770 |
675 |
1,485 |
| (f) |
Other Expenditure |
535 |
395 |
1,050 |
788 |
1,771 |
| 4. |
Interest |
67 |
79 |
132 |
157 |
298 |
5. |
Depreciation |
96 |
98 |
192 |
196 |
398 |
6. |
Profit/(Loss) Before Extra-ordinary Items and taxes(1+2-3-4-5) |
312 |
223 |
439 |
273 |
602 |
7. |
Extraordinary Items |
|
|
|
|
|
| a. |
Loss due to Flood |
- |
351 |
- |
351 |
351 |
| b. |
Insurance claim received |
- |
(324) |
- |
(324) |
(324) |
8. |
Profit Before taxes(6-7) |
312 |
196 |
439 |
246 |
575 |
9. |
Provision for Taxation |
|
|
|
|
|
| a. |
Income tax |
58 |
9 |
106 |
13 |
39 |
| b. |
Mat credit Entitlement |
- |
- |
- |
- |
(35) |
| c. |
Fringe benefit tax |
7 |
5 |
10 |
9 |
21 |
| d. |
Deferred tax |
18 |
40 |
13 |
57 |
149 |
10. |
Net Profit/(Loss) (8-9) |
229 |
142 |
310 |
167 |
401 |
11. |
Paid-up Equity Share Capital |
|
|
|
|
|
| |
(Face value Rs. 10/- each) |
343 |
343 |
343 |
343 |
343 |
12. |
Reserves excluding Revaluation Reserves |
|
|
|
|
2,058 |
13. |
Basic and diluted EPS(Not Annualised)* |
6.67* |
4.13* |
9.05* |
4.86* |
11.69 |
14. |
Aggregate of Public Shareholding |
|
|
|
|
|
| |
No of Shares |
1,810,028 |
1,866,898 |
1,810,028 |
1,866,898 |
1,866,898 |
| |
Percentage of Shareholding |
52.78 |
54.44 |
52.78 |
54.44 |
54.44 |
|
| |
REPORTING OF SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED |
| |
Particulars |
Quarter Ended |
Half Year Ended |
Accounting Year Ended |
30.09.2006 |
30.06.2005 |
30.09.2006 |
30.06.2005 |
31.03.2006 |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
(Rs. in lacs) |
| 1. Segment Revenue |
|
| a. |
Scientificware |
1,178 |
975 |
1,957 |
1,746 |
4,506 |
| b. |
Consumerware |
511 |
460 |
937 |
895 |
1,883 |
| c. |
Others |
63 |
24 |
83 |
54 |
106 |
| Total |
1,752 |
1,459 |
2,977 |
2,695 |
6,495 |
Less : Inter Segment Revenue |
- |
- |
- |
- |
- |
Net Sales / Income from Operations |
1,752 |
1,459 |
2,977 |
2,695 |
6,495 |
| 2. Segment Results : |
|
| a. |
Scientificware |
312 |
267 |
617 |
425 |
1,251 |
| b. |
Consumerware |
142 |
118 |
252 |
283 |
320 |
| c. |
Others |
16 |
7 |
21 |
16 |
31 |
| Total |
470 |
392 |
890 |
724 |
1,602 |
| Less : |
|
| (i) |
Interest |
67 |
79 |
132 |
157 |
298 |
| (ii) |
Other unallocable expenditure net of unallocable income |
91 |
117 |
319 |
321 |
729 |
Total Profit / (Loss) Before Tax |
312 |
196 |
439 |
246 |
575 |
|
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| Notes: |
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The above results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 18.10.2006. |
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The company is in the process of acquiring land in the state of Uttranchal which can be used for setting up of a new unit |
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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 of the Company 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. |
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The furnace at Maraimalai Nagar, Tamilnadu and furnace no. 2 at Marol, Mumbai which were under suspension, have now been decided to be closed. |
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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 |
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The Financial Results are in accordance with the Standard Accounting Practices followed by the Company in preparation of its statutory accounts. |
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The previous period figures have been regrouped/ reclassified wherever necessary to make them comparable. |
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The above financial results have been subjected to a limited review by the Statutory Auditors of the Company. |
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The Company has received 6 complaints from shareholders during the quarter ended 30th September, 2006 which have been disposed off. There were no complaints lying unresolved at the beginning or at the end of the quarter. |
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Place: Mumbai
Date: 18.10.2006 |
For Borosil Glass Works Limited
P. K. Kheruka
Vice Chairman & Managing Director
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