SAVITA CHEMICALS LIMITED

AUDITED FINANCIAL RESULTS  FOR THE YEAR ENDED 31ST  MARCH,2008

 

Rs. in Lacs

Particulars

Nine Months ended 31.12.2007

Quarter ended    31.3.2008

Quarter ended 31.3.2007

Year ended 31.3.2008

Year ended 31.3.2007

Consolidated Year ended 31.3.2008

Consolidated Year ended 31.3.2007

1.   Gross income from operations

      Less : Excise Duty

      Net Income From Operation

74,507.86

9,071.30

65,436.56

29,256.55

2,794.87

26,461.68

26,119.41

3,042.39

23,077.02

103,764.41

11,866.17

91,898.24

92,196.88

10,908.97

81,287.91

103,764.41

11,866.17

91,898.24

92,312.15

10,908.97

81,403.18

2.   Other Income

634.68

555.53

652.18

1,190.21

1,567.02

1,190.59

1,566.57

3.   Total Expenditure

a)  ( Increase ) / Decrease in Inventory

b)  Consumption of Raw Materials

c)  Trading Purchase

d)  Staff Cost                       

e)  Other Expenditure

 

(453.65)

50,128.45

2,507.32

928.25

6,496.85

 

754.45

18,764.06

878.73

559.04

2,299.78

 

180.31

18,938.95

306.70

247.04

2,115.17

 

300.80

68,892.51

3,386.05

1,487.29

8,796.63

 

(819.70)

66,812.76

1,538.60

994.17

7,143.60

 

300.80

68,892.51

3,386.05

1,487.29

8,796.20

 

(819.70)

66,803.86

1,644.05

997.49

7,137.67

4.   Interest

223.21

62.63

52.94

285.84

151.66

285.84

151.66

5.   Depreciation

958.32

480.91

291.56

1,439.23

986.51

1,439.33

986.69

6.   Profit before Tax

5,282.49

3,217.61

1,596.53

8,500.10

6,047.33

8,500.81

6,068.03

7.   Provision for Taxation

      -  Current Tax

      -  Deferred Tax

      -  Fringe Benefit Tax

      -  Provision no longer required

 

1,320.00

69.50

25.50

-

 

610.00

407.50

14.50

(142.80)

 

(75.00)

419.82

12.51

(158.29)

 

1,930.00

477.00

40.00

(142.80)

 

895.00

546.87

37.25

(158.29)

 

1,930.00

477.00

40.00

(142.80)

 

895.00

546.87

37.25

(158.29)

8.   Net Profit

3,867.49

2,328.41

1,397.49

6,195.90

4,726.50

6,196.61

4,747.20

9.   Paid up Equity Share Capital

1,460.21

1,460.21

1,460.21

1,460.21

1,460.21

1,460.21

1,460.21

10. Reserves (excluding Revaluation Reserves)

-

-

-

23,562.73

19,331.46

23,572.69

19,344.89

11. Earnings per Share (Rupees)

*On enhanced equity share capital after bonus Issue non annualised

26.49

15.94

9.57

42.43

 

32.37

42.44

32.51

12. Aggregate of Non Promoter Shareholding

Number of Shares

Percentage of Shareholding

 

 

4,165,953

28.53

 

4,166,453

28.53

 

4,161,380

28.50

 

4,166,453

28.53

 

4,161,380

28.50

 

4,166,453

28.53

 

4,161,380

28.50

  Notes :

1.      Previous quarter’s / periods’ figures have been regrouped /  rearranged wherever necessary to conform to those of  current quarter / period classification.

2.      Consequent to the implementation of ERP during the current quarter, the Company has changed the basis of valuation of inventory from “First in First Out” (FIFO) to weighted  average. Accordingly, the valuation of inventory as at 31st  March, 2008 and profit for the year ended 31st  March, 2008 is lower by Rs. 23.22 lacs.

3.      The above audited financial results have been reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on Saturday, 14th  June,2008

4.      The Board of Directors have recommended dividend @ 115% on the Equity Shares for the year ended 31st  March, 2008.

5.      Number of investors Complaints :

a) Pending at the beginning of the quarter             -   6

b) Received during the quarter                              -    10

c) Disposed off during the quarter                         -   14

d) Pending unresloved at the end of the quarter     -  2

 

For Savita Chemicals Limited

G.N. Mehra.

Chairman and Managing Director

Mumbai 

14th June, 2008.

 

 

 

 

 

 

SAVITA CHEMICALS LIMITED

AUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

 FOR THE YEAR ENDED 31st  MARCH, 2008

 Rs. In Lacs

Particulars

Nine Month ended 31.12.2007

Quarter ended 31.3.2008

Quarter ended

31.03.2007

Year ended  30.9.2008

Year ended 31.3.2007

Consolidated Year ended 31.3.2008

Consolidated Year ended 31.3.2007

1.      Segment Revenues

Petroleum Products

       Wind Power

       Other Unallocated revenue

 

Total

Less : Inter Segment Revenue

Net Income from Operations

 

 

64,315.09

1,357.45

398.70

 

66,071.24

-

66,071.24

 

 

 

26,681.30

247.93

87.98

 

27,017.21

-

27,017.21

 

 

 

23,065.36

170.13

493.71

 

23,729.20

-

23,729.20

 

 

 

90,996.39

1,605.38

486.68

 

93,088.45

-

93,088.45

 

 

80,166.56

1,507.44

1,181.45

 

82,855.45

0.52

82,854.93

 

 

 

90,996.77

1,605.38

486.68

 

93,088.83

-

93,088.83

 

 

80,281.38

1,507.44

1,181.45

 

82,970.27

-

82970.27

 

2.      Segment Results

Profit / ( Loss) before taxation and interest

for each Segment

 

Petroleum Products

Wind Power

 

Total

Less : I) Interest

II) Other Unallocated expenditure

Net of unallocated revenue

Total Profit before Tax

 

 

 

 

 

 

5,022.95

496.53

 

5,519.48

223.21

13.78

 

5,282.49

 

 

 

 

 

 

3,607.69

(178.09)

 

3,429.60

62.63

149.36

 

3,217.61

 

 

 

 

 

 

1,360.91

(78.55)

 

1,282.36

52.94

(367.11)

 

1,596.53

 

 

 

 

 

 

8,630.64

318.44

 

8,949.08

285.84

163.14

 

 

8,500.10

 

 

 

 

 

 

4,774.33

627.71

 

5,402.04

151.66

(796.95)

 

 

6,047.33

 

 

 

 

 

 

8,631.35

318.44

 

8,949.79

285.84

163.14

 

 

8,500.81

 

 

 

 

 

 

4,795.03

627.71

 

5,422.74

151.66

(796.95)

 

 

6,068.03

3.      Capital Employed :

(Segment Assets - Segment Liabilites)

Petroleum Products

Wind Power

Unallocated Capital Employed

 

Total

 

 

 

 

 

 

17,892.98

5,450.95

1,325.97

 

24,669.90

 

 

 

 

18,955.42

6,641.42

(573.55)

 

25,023.29

 

 

 

 

18,069.42

6,342.24

(3,593.49)

 

20,818.17

 

 

 

 

18,955.42

6,641.42

(573.55)

 

25,023.29

 

 

 

 

18,069.42

6,342.24

(3,593.49)

 

20,818.17

 

 

 

 

19,001.13

6,641.41

(609.29)

 

25,033.25

 

 

 

 

18,118.60

6,342.24

(3,629.24)

 

20,831.60

  Notes :

           Previous quarter’s / periods’ figures have been regrouped /  rearranged wherever conform to those of  current  quarter  / period classification.

For Savita Chemicals Limited

G.N. Mehra

                                                                                                                  Chairman and Managing Director

 Mumbai

14th  June, 2008