UNAUDITED FINANCIAL RESULTS FOR QUARTER / SIX MONTHS ENDED 30th SEPTEMBER, 2007
(Rs. in Crores)
Sl.No.
Particulars
3 Months Ended
6 Months Ended
Year Ended
(Audited)
30-09-'07
30-09-'06
30-09-'07
30-09-'06
31-03-'07
1.
Net Sales/ Income from Operations
677.15
651.66
1439.36
1303.40
2871.05
2.
Other Income
0.38
0.98
0.75
1.74
29.18
3.
Total Income
677.53
652.64
1440.11
1305.14
2900.23
4.
Expenditure
a) (Inc.)/Dec. in Stock-in-Trade and work in progress
(19.92)
(4.80)
18.20
(59.19)
(59.60)
b) Consumption of raw materials
233.86
266.68
451.54
560.55
1014.02
c) Sub-contractors work bills
191.49
165.81
431.89
379.95
951.23
d) Other construction expenses
68.50
51.35
142.46
99.02
261.67
e) Labour
65.93
76.02
132.14
141.57
289.91
f) Employee Cost
34.28
19.80
64.60
36.00
84.37
g) Depreciation
11.72
6.92
22.16
12.71
29.90
h) Other Expenditure
18.19
15.01
34.35
28.72
59.70
Total
604.05
596.79
1297.34
1199.33
2631.20
5.
Profit before Interest and Taxes
73.48
55.85
142.77
105.81
269.03
6.
Interest
22.33
9.62
37.85
15.29
50.39
7.
Exceptional Items
-
-
-
-
-
8.
Profit/(Loss) from Ordinary Activities before tax
50.15
46.23
104.92
90.52
218.64
9.
a) Tax Expense
16.50
13.48
35.24
26.39
66.73
b) Prior Year's tax
-
-
-
-
36.25
10
Net Profit/(Loss) from Ordinary Activities after tax
33.65
32.75
69.68
64.13
115.66
11.
Extraordinary items (net of tax expense Rs. Nil)
-
-
-
-
-
12.
Net Profit/(Loss) for the period
33.65
32.75
69.68
64.13
115.66
13.
Paid up Eq. Share Capital (Face value Rs.2 per Share)
41.70
41.35
41.70
41.35
41.70
14.
Reserves excluding Revaluation Reserves
(As per Balance Sheet)
991.43
15.
Earnings Per Share (EPS) before Extraordinary items
i) Basic
1.61
1.58
3.34
3.10
7.35
ii) Diluted
1.61
1.57
3.34
3.08
7.29
16.
Earnings Per Share (EPS) after Extraordinary items
i) Basic
1.61
1.58
3.34
3.10
7.35
ii) Diluted
1.61
1.57
3.34
3.08
7.29
17.
Public Shareholding
a) Number of Shares
153753943
142669604
153753943
142669604
152508018
b) Percentage of shareholding
73.73%
69.01%
73.73%
69.01%
73.14%
Notes:
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting on 31.10.07.
The Company's operations consist of Construction / Project activities and there are no other reportable segments under Accounting Standard 17.
The Statutory Auditors have carried out limited review of the above results for the Quarter/Six months ended 30th September 2007.
The Company has issued and alloted on October 3, 2007, 2,02,46,900 Equity Shares of Rs.2/- each at a premium of Rs.200.50 to M/s.Blackstone GPV Capital partners Mauritius V-A Limited and M/s Blackstone FP Capital Partners (Mauritius) V FII Limited on Preferential basis as permitted under the SEBI (DIP) Guidelines 2000. After the aforesaid preferential issue the paid up capital effective from the said date stands enhanced to Rs.45,75,38,360/- divided into 22,87,69,180 Equity Shares of Rs.2/- each. In addition Blackstone GPV Capital Partners (Mauritius) V-H Limited would be alloted on preferential allotment basis 9,111,111 convertible warrants of Rs.225/- each after receipt of FIPB approval.
The status of Investor complaints for the quarter ended 30.09.07 is : Complaints pending at the beginning of the quarter - Nil, Complaints received and disposed off during the quarter - 26, complaints pending as on 30.09.07 - Nil
Figures for the previous period have been restated to conform to the classification of the current period, wherever necessary. Accordingly, EPS has also been restated.
