Equity Analysis

Particulars(INCOME)	Mar 2002 ( Cr)	Mar 2001 ( Cr)	Mar 2000 ( Cr)	Mar 1999 ( Cr)	Mar 1998 ( Cr)	Mar 1997 ( Cr)
Sales Turnover	276.57	1146.26	1277.89	371.32	383.50	945.65
Excise Duty	54.79	277.19	286.36	94.27	78.12	278.43
Net Sales	221.78	869.07	991.53	277.05	305.38	667.22
Other Income	19.15	31.20	66.16	16.03	58.43	18.91
Stock Adjustments	-7.64	-19.09	-19.73	-6.79	-86.98	143.43
Total Income	233.29	881.18	1037.96	286.29	276.83	829.56
EXPENDITURE :
Raw Materials	164.83	534.06	568.54	154.93	154.43	631.14
Power & Fuel Cost	5.92	11.06	11.64	8.64	10.50	6.76
Employee Cost	41.72	54.19	58.88	48.29	40.17	30.00
Other Manufacturing Expenses	11.57	37.20	46.33	12.67	9.92	27.51
Selling & Administrative Expenses	23.86	62.66	64.21	64.46	92.90	70.78
Miscellaneous Expenses	86.99	48.61	79.98	119.55	73.97	41.18
Less : Pre-operative Expenses Capitalised	0.35	0.13	0.00	120.78	83.48	33.45
Total Expenditure	334.54	747.65	829.58	287.76	298.41	773.92
Operating Profit	-101.25	133.53	208.38	-1.47	-21.58	55.64
Interest	132.21	130.04	115.19	21.46	3.36	39.44
Gross Profit	-233.46	3.49	93.19	-22.93	-24.94	16.20
Depreciation	91.73	199.98	209.24	18.17	17.79	12.77
Profit Before Tax	-325.19	-196.49	-116.05	-41.10	-42.73	3.43
Tax	0.00	-0.08	0.00	0.00	0.00	0.21
Fringe Benefit tax	0.00	0.00	0.00	0.00	0.00	0.00
Deferred Tax	0.00	0.00	0.00	0.00	0.00	0.00
Reported Net Profit	-325.19	-196.41	-116.05	-41.10	-42.73	3.22
Extraordinary Items	-10.47	1.24	0.12	0.00	0.02	-0.33
Adjusted Net Profit	-314.72	-197.65	-116.17	-41.10	-42.75	3.55
Adjustment below Net Profit	0.00	0.00	0.00	0.96	0.00	-1.78
P & L Balance brought forward	-390.53	-194.12	-78.07	-37.93	4.80	3.36
Statutory Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
Appropriations	0.00	0.00	0.00	0.00	0.00	0.00
P & L Balance carried down	-715.72	-390.53	-194.12	-78.07	-37.93	4.80
Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Preference Dividend	0.00	0.00	0.00	0.00	0.00	0.00
Equity Dividend %	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Per Share(Rs)	0.00	0.00	0.00	0.00	0.00	0.00
Earnings Per Share-Unit Curr	0.00	0.00	0.00	0.00	0.00	0.06
Earnings Per Share(Adj)-Unit Curr	0.00	0.00	0.00	0.00	0.00	0.06
Book Value-Unit Curr	1.51	7.87	11.71	13.98	14.77	15.60
Book Value(Adj)-Unit Curr	1.51	7.87	11.71	13.98	14.77	15.60