Unaudited    Financial Results for the Quarter ended 30th June, 2005
Rs / Million
   
 Quarter ended
 Financial
S.no Particulars
  ( Unaudited ) 
 year ended
    30th June,2005 30th June,2004 31st March 2005
        (Audited)
1 Sales/ Income from operations
64703.80
57796.70
325695.30
2 Less : Excise Duty
10717.60
4925.80
33350.10
   
53986.20
52870.90
292345.20
3 Interest Earned - Others
1226.90
426.20
2627.60
4 Other Income
11.80
135.50
244.70
   
  Total Income
55224.90
53432.60
295217.50
         
5 Total Expenditure      
  a) Increase(-)/Decrease in stock in trade
-17472.60
-5320.80
-2476.10
        ( net of excise duty )
  b) Consumption of Raw Materials
24886.10
18778.70
87379.50
  c) Staff cost
10089.30
8706.20
38114.50
  d) Consumption of stores & spares
4843.20
4101.30
19000.60
  e) Power & Fuel
5709.20
5234.60
21955.90
  f) Other Expenditure
6018.70
5222.00
20269.60
  Total Expenditure
34073.90
36722.00
184244.00
6 Profit before Depreciation , Interest & Tax
21151.00
16710.60
110973.50
7 Interest
1297.10
1868.30
6050.50
8 Depreciation
2839.30
2789.40
11269.50
9 Profit before tax ( 5-6-7 )
17014.60
12052.90
93653.50
10 Provision for Taxation
            - Current tax
6925.30
937.00
7480.60
            - Deferred tax
-1194.10
0.00
18443.10
            - Fringe Benefit tax
45.00
0.00
0.00
             -Earlier year's adjustments
0.00
0.00
-439.90
11 Net Profit
11238.40
11115.90
68169.70
12 Paid up Equity Share Capital
41304.00
41304.00
41304.00
  ( Face value : Rs. 10 per share )
13 Reserves excluding revaluation reserve
6176.25
  &surplus
14 Basic and Diluted Earning per share
2.72
2.69
16.50
  ( Not Annualised )  ( Rs. )
15 Aggregate of non-promoters Share holding
             -  No. of shares
58,57,10,260
58,57,10,260
58,57,10,260
             -  Percentage of share holding
14.18
14.18
14.18

Notes :

i) The profit after tax in the current quarter is not comparable with the corresponding quarter of previous year. In the previous year due to brought forward losses, unabsorbed depreciation and other reliefs available under the Income Tax Act, only the minimum tax on book profits under section 115JB of the Act was provided in the accounts. In the current quarter, normal tax provision has been made.

ii) The information on Investors’ complaints pursuant to clause 41 of the listing agreement for the quarter ended 30th June 2005: Opening Balance Received during the quarter Resolved during the quarter Closing balance - 21 19 2

iii) Previous year’s figures have been re-arranged/regrouped, wherever necessary.

iv) The above results for the Quarter ended 30th June, 2005 were taken on record at the Board of Directors’ meeting held on 28th July, 2005.

On behalf of Board of Directors:

Place:New Delhi

Date: 28th July, 2005

(G.C. Daga)

Director (Finance)