SAVITA CHEMICALS LIMITED

UNAUDITED FINANCIAL RESULTS  ( PROVISIONAL ) FOR THE QUARTER

ENDED 30th DECEMBER, 2007. 

Rs. in Lacs

Particulars

Quater ended    31.12.2007

Quarter ended    31.12.2006

Nine months ended

31.12.2007

Nine months ended

31.12.2006

Year ended    31.3.2007 (Audited)

1.   Income from Operations

22,277.91

19,220.01

64,462.06

58,210.89

81,287.91

2.   Other Income

209.10

456.58

676.35

914.84

1,567.02

3.   Total Expenditure

a)  ( Increase ) / Decrease in Inventory

b)  Consumption of Raw Materials

c)  Trading Purchase

d)  Staff Cost                       

e)  Other Expenditure

 

(1,299.72)

     17,469.22

1,232.44

       339.52

2,723.76

 

107.39

15,737.52

167.14

252.64

1,643.60

 

(453.65)

49,356.71

2,507.32

928.25

6,276.00

 

(1,000.01)

47,873.81

1,231.90

747.13

5,028.43

 

(819.70)

66,812.76

1,538.60

994.17

7,143.60

4.   Interest

132.03

15.59

282.97

98.72

151.66

5.   Depreciation

318.56

262.59

958.32

694.95

986.51

6.   Profit before Tax

1,571.20

1,490.12

5,282.49

4,450.80

6,047.33

7.   Provision for Taxation

      -  Current Tax

      -  Deferred Tax

      -  Fringe Benefit Tax

      -  Provision no longer required

 

320.00

23.23

16.50

-

 

150.00

200.95

11.24

-

 

1,320.00

69.50

25.50

-

 

970.00

127.05

24.74

-

 

895.00

546.87

37.25

(158.29)

8.   Net Profit

1,211.47

1,127.93

3,867.49

3,329.01

4,726.50

9.   Paid up Equity Share Capital

1,460.21

876.13

1,460.21

876.13

1,460.21

10. Reserves (excluding Revaluation Reserves)

-

-

-

-

19,331.46

11. Earnings per Share (Rupees)

      *On enhanced equity share capital after bonus

        Issue non annualised

8.30

 

7.72

 

26.49

 

22.80

 

32.37

 

12. Aggregate of Non Promoter Shareholding     

      Number of Shares

      Percentage of Shareholding

 

 

4,165,953

28.53

 

2,500,025

28.54

 

4,165,953

28.53

 

2,500,025

28.54

 

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 FIFO to moving average as at 31st  December, 2007. Accordingly, the valuation of inventory and profit for the quarter and for the period ended 31st December, 2007 is lower by 27.23 lacs. The impact of the change in the basis of valuation of inventory on the previous quarters of the current financial year is unascertainable.

3.      The Statutory Auditors have carried out a limited review of the financial results for the quarter ended 31st  December, 2007.

4.      The above unaudited financial results (provisional) were reviewed by the Audit Committee and taken on record by the Board of Directors at their meeting held on Wednesday, 30th January, 2008.

5.      Number of investors Complaints :

a) Pending at the beginning of the quarter             -   Nil

b) Received during the quarter                              -    6

c) Disposed off during the quarter                         -   Nil

d) Pending unresloved at the end of the quarter     -  6

 

For Savita Chemicals Limited

G.N. Mehra

                                                                                                                  Chairman and Managing Director

 Mumbai

30 th January, 2008. 

 

 

 

 

 

 

SAVITA CHEMICALS LIMITED

UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL

EMPLOYED FOR THE QUARTER ENDED 31st   DECEMBER, 2007

 Rs. In Lacs

Particulars

Quarter   ended 31.12.2007

Quarter ended 31.12.2006

Nine months ended

31.12.2007

Nine months ended  30.9.2006

Year ended    31.3.2007 (Audited)

1.      Segment Revenues

Petroleum Products

       Wind Power

       Other Unallocated revenue

    

      Total

       Less : Inter Segment Revenue

       Net Income from Operations

 

 

20,642.73

512.00

184.92

 

21,339.65

-

21,339.65

 

 

 

18,769.66

525.27

381.66

 

19,676.59

-

19,676.59

 

 

 

63,209.40

1357.45

398.70

 

64,965.55

-

64,965.55

 

 

 

57,101.20

1,337.31

687.74

 

59,126.25

0.52

59,125.73

 

 

 

80,166.56

1,507.44

1181.45

 

82,855.45

0.52

82,854.93

 

2.      Segment Results

Profit / ( Loss) before taxation and interest

for each Segment

 

       Petroleum Products

       Wind Power

 

       Total

        Less : I) Interest

                 II) Other Unallocated expenditure

      

Total Profit before Tax

 

 

 

 

 

1,408.29

233.52

 

1,641.81

132.03

(61.42)

 

1,571.20

 

 

 

 

 

1,310.34

274.77

 

1,585.11

15.59

79.40

 

1,490.12

 

 

 

 

 

5,082.71

496.53

 

5,579.24

282.97

13.78

 

5,282.49

 

 

 

 

 

3,413.42

706.26

 

4,119.68

98.72

(429.84)

 

4,450.80

 

 

 

 

 

4,774.33

627.71

 

5,402.04

151.66

(796.95)

 

6,047.33

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

 

 

 

18,524.46

6,898.51

(4,487.10)

 

20,935.87

 

 

 

17,892.98

5,450.95

1,325.97

 

24,669.90

 

 

 

18,524.46

6,898.51

(4,487.10)

 

20,935.87

 

 

 

18,069.42

6,342.24

(3,593.49)

 

20,818.17

  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

30th  January, 2008.