 |
for the quarter ended 30-09-2003 (Rs. Lakhs)
| Particulars |
Quarter
ended |
Half
Year ended |
Year ended
|
| |
30.09.2003
|
30.09.2002
|
30.09.2003
|
30.09.2002
|
2002-2003
(Audited)
|
| 1. INCOME FROM SALES & OTHER OPERATIONS |
10,123.81
|
9,048.18
|
18,664.83
|
17,562.09
|
40,534.71
|
| 2. Other Income |
573.49
|
206.71
|
1125.86
|
546.03
|
713.20
|
| Total Revenue |
10,697.30
|
9,254.89
|
19,790.69
|
18,108.12
|
41.247.91
|
| 3. Total Expenditure |
9,618.81
|
8,344.16
|
17,683.20
|
16,204.19
|
38,495.58
|
| a) (Increase)/decrease in Stock in trade |
250.04
|
(68.02)
|
(193.87)
|
(65.28)
|
(223.11)
|
| b) Consumption of raw materials,etc., |
4,991.52
|
4,745.45
|
9,271.85
|
8,644.91
|
19,100.87
|
| c) Staff Cost |
1,009.54
|
945.88
|
2,026.40
|
2,016.20
|
4350.12
|
| d) Excise Duty |
1,041.33
|
1,064.76
|
2,001.16
|
2,074.32
|
4607.35
|
| e) Other expenditure |
2,326.38
|
1,656.09
|
4,577.66
|
3,534.04
|
10,660.35
|
| 4. Interest (Net) |
163.62
|
194.41
|
337.02
|
522.37
|
815.84
|
| 5. Depreciation |
204.51
|
193.97
|
395.45
|
398.67
|
803.56
|
| 6. PROFIT BEFORE TAX (1+2-3-4-5) |
710.36
|
522.35
|
1,375.02
|
982.89
|
1,132.93
|
| 7. Provision for Current Tax |
55.00
|
44.00
|
110.00
|
79.00
|
101.42
|
| 8. Profit before Deferred Tax
(6-7) |
655.36
|
478.35
|
1,265.02
|
903.89
|
1,031.51
|
| 9. Provision for Deferred Tax |
5.00
|
164.00
|
50.00
|
201.00
|
(500.01)
|
| 10. NET PROFIT AFTER TAX (8-9) |
650.36
|
314.35
|
1,215.02
|
702.89
|
1,531.52
|
| 11.Paid up Equity Share Capital (Face value
of Rs.10 each) |
1,387.17
|
1,387.17
|
1,387.17
|
1,387.17
|
1,387.17
|
| 12.Reserves excluding revaluation Reserves
|
|
|
|
|
1,0454.43
|
| (as per Balance Sheet) |
|
|
|
|
|
| 13.Basic and diluted EPS for the |
4.69
|
2.27
|
8.76
|
5.07
|
11.04
|
| period (not annualised) |
|
|
|
|
|
| 14. Aggregate of Non-Promoter shareholding |
|
|
|
|
|
| No. of Shares |
7070767
|
7070767
|
7070767
|
7070767
|
7070767
|
| Percentage of shareholding |
50.97%
|
50.97%
|
50.97%
|
50.97%
|
50.97%
|
| |
|
|
|
|
|
Unauthorized Segment Information
as per Clause 41 of the Listing Agreement for the quarter
ended 30-09-2003 (Rs. Lakhs)
| Particulars |
Quarter
ended |
Half
Year ended |
Year ended
|
| |
30.09.2003
|
30.09.2002
|
30.09.2003
|
30.09.2002
|
2002-2003
(Audited)
|
| 1. Segment Revenue |
|
|
|
|
|
| a. Explosives |
4,325.17
|
5,108.76
|
9,057.14
|
10,068.63
|
21,984.12
|
| b. Lubricants |
5,712.98
|
3,798.11
|
9,413.16
|
7,262.52
|
18,159.44
|
| c. Building Products |
54.00
|
81.02
|
95.27
|
132.58
|
270.05
|
| d. Others |
605.15
|
70.34
|
1,180.37
|
119.28
|
318.81
|
| e. Unallocable Income |
-
|
196.66
|
50.08
|
525.11
|
525.45
|
| Total |
10,697.30
|
9,254.89
|
19,796.02
|
18,108.12
|
41,257.87
|
| Less: Inter segment revenue |
-
|
-
|
5.33
|
-
|
9.96
|
| Income from Sales & other Operations |
10,697.30
|
9,254.89
|
19,790.69
|
18,108.12
|
41,247.91
|
| 2. Segment Results |
|
|
|
|
|
| Profit/(loss) (before tax and interest
|
|
|
|
|
|
| from each segment) |
|
|
|
|
|
| a. Explosives |
205.42
|
417.82
|
442.51
|
795.15
|
1,666.92
|
| b. Lubricants |
304.59
|
269.75
|
541.62
|
435.86
|
467.84
|
| c. Building Products |
(10.75)
|
(6.58)
|
(44.13)
|
(23.74)
|
(45.92)
|
| d. Others (including Property Development) |
557.02
|
25.48
|
1,098.84
|
28.60
|
87.59
|
| Total |
1,056.28
|
706.47
|
2,038.84
|
1,235.87
|
2,176.43
|
| Less: |
|
|
|
|
|
| (i) Interest paid (net of interest received) |
163.62
|
206.60
|
337.02
|
478.06
|
815.84
|
| (ii) Other un-allocable expenditure |
182.30
|
(22.48)
|
326.80
|
(225.08)
|
227.66
|
| net off un-allocable income |
|
|
|
|
|
| Total Profit Before Tax |
710.36
|
522.35
|
1,375.02
|
982.89
|
1,132.93
|
| 3. Capital Employed (excluding unallocated) |
|
|
|
|
|
| a. Explosives |
|
|
11,990.36
|
12,366.72
|
10,719.12
|
| b. Lubricants |
|
|
5,337.00
|
7,065.00
|
6,538.49
|
| c. Building Products |
|
|
827.79
|
878.46
|
853.84
|
| d. Others (including Property Development) |
|
|
233.48
|
192.71
|
192.58
|
| e. Unallocable - Corporate |
|
|
2,223.82
|
5,761.54
|
3,196.85
|
| Total |
|
|
20,612.45
|
26,264.43
|
21,500.88
|
| |
|
|
|
|
|
Notes:
- The above results were reviewed by the Audit Committee and taken
on record at the adjourned meeting of the Board of Directors of
the Company held on 30th October 2003.
- Included in other income of the current quarter is an amount
of Rs.564.73 lakhs being capital gains, on receipt of the second
payment towards the Company's property under development at Bangalore.
- Tax has been calculated on the basis of applicable MAT rate
on total income.
- Auditors have carried out limited review of the Financial results
for the quarter ended 30th September, 2003 as required under Clause
41 of the listing requirements.
- Investor Complaints received during the quarter ended 30th September
2003 - 1.
All have been cleared during the quarter.
There are no pending complaints at the end of the quarter.
- Previous period / year figures have been regrouped/recasted
wherever necessary to conform to the current period.
By order of the Board
for GULF OIL CORPORATION LIMITED
Mumbai, Dated : 30.10.2003
S.Pramanik
Managing Director
|
