UNAUDITED
FINANCIAL RESULTS FOR THE QUARTER / NINE MONTHS ENDED
31st DECEMBER
2007
(Rs. in Crores)
Sl.No.
Particulars
3 Months Ended
9 Months Ended
Year Ended
(Audited)
31-12-'07
31-12-'06
31-12-'07
31-12-'06
31-03-'07
1.
Net Sales/ Income from Operations
779.51
699.77
2218.87
2003.17
2871.05
2.
Other Income
1.08
0.48
1.83
2.22
29.18
3.
Total Income
780.59
700.25
2220.70
2005.39
2900.23
4.
Expenditure
a) (Inc.)/Dec. in Stock-in-Trade and work in progress
(68.73)
2.08
(50.53)
(57.11)
(59.60)
b) Consumption of raw materials
263.93
207.56
715.47
768.11
1014.02
c) Sub-contractors work bills
283.97
237.65
715.86
617.60
951.23
d) Other construction expenses
80.66
66.80
223.12
165.82
261.67
e) Labour
76.68
65.88
208.82
207.45
289.91
f) Employee Cost
36.92
22.48
101.52
58.48
84.37
g) Depreciation
12.27
7.59
34.43
20.30
29.90
h) Other Expenditure
19.85
17.09
54.20
45.81
59.70
Total
705.55
627.13
2002.89
1826.46
2631.20
5.
Profit before Interest and Taxes
75.04
73.12
217.81
178.93
269.03
6.
Interest
16.69
18.51
54.54
33.80
50.39
7.
Exceptional Items
-
-
-
-
-
8.
Profit/(Loss) from Ordinary Activities before tax
58.53
54.61
163.27
145.13
218.64
9.
a) Tax Expense
18.71
16.76
53.95
43.15
66.73
b) Prior Year's tax
-
-
-
-
36.25
10
Net Profit/(Loss) from Ordinary Activities after tax
39.64
37.85
109.32
101.98
115.66
11.
Extraordinary items (net of tax expense Rs. Nil)
-
-
-
-
-
12.
Net Profit/(Loss) for the period
39.64
37.85
109.32
101.98
115.66
13.
Paid up Eq. Share Capital (Face value Rs.2 per Share)
45.75
41.35
45.75
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
1.74
1.83
5.08
4.93
7.35
ii) Diluted
1.74
1.81
5.08
4.89
7.29
16.
Earnings Per Share (EPS) after Extraordinary items
i) Basic
1.74
1.83
5.08
4.93
7.35
ii) Diluted
1.74
1.81
5.08
4.89
7.29
17.
Public Shareholding
a) Number of Shares
172858002
144651113
172858002
144651113
152508018
b) Percentage of shareholding
75.56%
69.97%
75.56%
69.97%
73.14%
Notes:
The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting on 31.01.08.
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/Nine months ended 31st December 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 allotted 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 31.12.07 is : Complaints pending at the beginning of the quarter - Nil, Complaints received and disposed off during the quarter - 20, complaints pending as on 31.12.07 - 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.
