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Audited Financial Results

FOR THE YEAR ENDED 31-03-2008 (Rs. Lakhs)

Particulars	Unaudited 9 months Ended	Unaudited Quarter Ended		Audited Year Ended		Consolidated for Year Ended
	31-12-2007	31-3-2008	31-3-2007	31-3-2008	31-3-2007	31-3-2008	31-3-2007
1. Income from Sales & other Operations	58655.24	24666.29	20879.36	83321.52	66865.64	87175.94	68226.01
Less Excise Duty	6077.79	2527.45	2101.01	8605.23	6730.81	8621.01	6742.82
Net Income from Sales and Other Operations	52577.45	22138.84	18778.35	74716.29	60134.83	78554.93	61483.19
2. Income from Property Development	600.00	-	1350.00	600.00	3337.00	600.00	1178.54
3. Other Income	2222.83	1089.77	11.79	3312.60	317.99	4661.08	1521.75
4. Total Revenue	55400.28	23228.61	20140.14	78628.89	63789.82	83816.01	64183.48
5. Expenditure
a) (Increase)/decrease in Stock in trade	(1632.31)	369.06	299.72	(1263.25)	(699.45)	(1529.07)	(757.57)
b) Purchase of goods for resale	2172.01	1666.97	796.99	3838.98	5542.09	4565.42	6488.24
c) Consumption of raw materials,etc.,	27811.34	9604.61	9587.54	37415.95	32133.44	39720.31	32127.95
d) Expenses on Operation Contracts	6800.22	2700.42	1749.80	9500.64	3878.98	9516.99	3909.73
e) Staff Cost	4250.68	1643.87	1327.62	5894.55	4856.18	6255.90	5034.55
f) Depreciation	1184.83	417.44	326.91	1602.27	1002.14	1721.98	1073.99
g) Other expenditure	10744.61	5297.80	3818.87	16042.41	11692.12	16889.59	12133.85
h) Total	51331.38	21700.17	17907.45	73031.55	58405.50	77141.12	60010.74
6. Interest (Net)	1549.76	583.21	619.28	2132.97	1738.63	2118.82	1751.28
7. Exceptional Items - VRS Compensation	366.83	126.94	150.70	493.77	462.32	493.77	462.32
8. Profit from Ordinary Activities before tax	2152.31	818.29	1462.71	2970.60	3183.37	4062.30	1959.14
9. Tax Expense	445.48	11.95	677.65	457.43	882.78	470.03	853.79
a) Provision for Current Tax	230.00	120.00	159.00	350.00	354.00	350.00	356.07
b) Tax provision of earlier years written back			(59.32)		(59.32)		(59.32)
c) Provision for the Fringe Benefit Tax	100.48	12.95	59.97	113.43	120.10	113.47	121.00
d) Provision for Deferred Tax	115.00	(121.00)	518.00	(6.00)	468.00	6.56	435.97
10. Net profit for the period	1706.83	806.34	785.06	2513.16	2300.59	3592.27	1105.35
11. Less : Share of Loss from Associates						(8.61)	(42.36)
12. Profit after taxation before Minority Interest						3583.66	1062.99
13. Share of Minority Interest						93.90	30.08
14. Profit after Minority Interest						3677.56	1093.07
15. Paid up Equity Share Capital (Face Value of Rs.2 each)	1487.17	1487.17	1387.17	1487.17	1387.17	1487.17	1387.17
16. Reserves excluding revaluation reserves				20004.70	14388.71	18424.39	12296.45
17. EPS for the period (not annualised) - Basic	2.32	1.09	1.13	3.42	3.32	4.83	1.58
(refer Note 4) - Diluted	2.32	1.09	1.13	3.42	3.32	4.83	1.58
18. Public shareholding
No. of Shares				40353835	35353835	40353835	35353835
Percentage of shareholding				54.27	50.97	54.27	50.97

Segment Information
AS PER CLAUSE 41 OF THE LISTING AGREEMENT FOR THE QUARTER AND YEAR ENDED 31-03-2008

(Rs. Lakhs)

Particulars	Unaudited 9 months Ended 31-12- 2007	Unaudited Quarter Ended		Audited Year Ended		Consolidated for theYear Ended
		31-03- 2008	31-03- 2007	31-03- 2008	31-03- 2007	31-03- 2008	31-03- 2007
1. Segment Revenue
a. Explosives	13036.82	5895.60	4248.53	18932.42	14868.70	18932.42	14868.70
b. Lubricants	25058.05	11933.31	9954.27	36991.36	35632.54	39890.34	36746.61
c. Consult (Mining / Infrastructure Contracts)	10257.71	3874.28	2885.18	14131.99	6444.17	14131.99	6444.17
d. Speciality Chemicals	4680.77	256.95	1596.62	4937.72	3362.43	4937.72	3362.43
e. Property Development	600.00		1350.00	600.00	3337.00	600.00	1178.54
f. Others	1.09	(1.09)	0.04	-	0.04	307.55	263.67
g. Unallocable Income	1829.98	1283.21	115.60	3113.19	180.56	5032.44	1372.02
Total	55464.42	23242.26	20150.24	78706.68	63825.44	83832.46	64236.14
Less: Inter segment revenue	64.14	13.65	10.10	77.79	35.62	16.45	52.66
Income from Sales & other Operations	55400.28	23228.61	20140.14	78628.89	63789.82	83816.01	64183.48
2. Segment Results
Profit/(loss) (before tax and interest
from each segment)
a. Explosives	174.93	176.99	(191.99)	351.92	(146.32)	351.92	(146.32)
b. Lubricants	1840.76	794.56	657.29	2635.32	1714.07	2398.39	1564.82
c. Consult (Mining / Infrastructure Contracts)	1327.61	487.05	585.28	1814.66	1402.88	1814.66	1402.88
d. Speciality Chemicals	(1082.29)	(985.65)	(44.52)	(2067.94)	(334.95)	(2067.94)	(334.95)
e. Property Development	600.00		1350.00	600.00	3328.10	600.00	1169.64
f. Others	(16.20)	16.20	(58.44)	-	(25.68)	1140.61	(128.98)
Total	2844.81	489.15	2297.62	3333.96	5938.10	4237.64	3527.09
Less:
(i) Interest paid (net of interest received)	1549.76	583.21	619.28	2132.97	1738.63	2118.82	1751.28
(ii) Other un-allocable expenditure net off un-allocable income	(857.26)	(912.35)	215.63	(1769.61)	1016.10	(1943.47)	(183.33)
Total Profit Before Tax	2152.31	818.29	1462.71	2970.60	3183.37	4062.29	1959.14
3. Capital Employed
a. Explosives	8733.07	8246.86	8001.06	8246.86	8001.06	8246.86	8001.06
b. Lubricants	7386.80	6468.97	7461.84	6468.97	7461.84	7564.60	7694.54
c. Consult (Mining / Infrastructure Contracts)	7,010.38	7730.82	6793.72	7730.82	6793.72	7730.82	6793.72
d. Speciality Chemicals	7338.89	7469.87	7468.96	7469.87	7468.96	7469.87	7468.96
e. Property Development (excluding revaluation)	81.70	721.53	81.70	721.53	81.70	721.53	81.70
f. Property Development (including revaluation)*		184618.21		184618.21		184618.21
g. Others	133.28	199.78	194.71	199.78	194.71	413.14	713.81
h. Unallocable - Corporate	6,462.10	5238.06	7033.38	5238.06	7033.38	3812.48	4133.50