AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31ST MARCH, 2007
(Rs.in crores)
Sr. No Particulars Nine Months ended Quarter ended Audited Results for the year ended
31.12.06 31.03.07 31.03.06 31.03.07 31.03.06
1 Gross Sales 231.77 107.09 81.03 338.86 293.82
  Less: Excise Duty 14.72 7.58 6.65 22.30 30.52
  Net Sales 217.05 99.51 74.38 316.56 263.30
2 Other Income 3.46 2.85 0.99 6.31 5.75
3 Total Income 220.51 102.36 75.37 322.87 269.05
4 Total Expenditure 210.40 99.49 74.22 309.89 267.58
  a)(Increase) / Decrease in Stock(s)     (24.06) 16.81 3.67 (7.25) (6.54)
  b)Consumption of Raw Materials 183.67 65.47 56.85 249.14 214.90
  c)Staff Cost 7.29 2.29 2.18 9.58 9.18
  d)Other Expenditures 43.50 14.92 11.52 58.42 50.04
5 Profit Before Interest  & Dep. (3-4) 10.11 2.87 1.15 12.98 1.47
6 Interest 6.20 2.03 1.98 8.23 7.22
7 Depreciation 7.96 2.67 2.66 10.63 10.63
8 Profit / (Loss) Before Tax (5-6-7) (4.05) (1.83) (3.49) (5.88) (16.38)
9 Exceptional Income - 0.95   - 0.95   -
10 Provision for Taxation(Incl.Fringe Benefit Tax) 0.15 0.06 0.09 0.21 0.25
11 Net Profit / (Loss) (8+9-10) (4.20) (0.94) (3.58) (5.14) (16.63)
12 Paid Up Equity Share Capital          
  (Face value Rs. 10/- per share) 71.14 71.14 71.14 71.14 71.14
13 Reserve ( Excluding Revaluation  Reserve)            -            -            -            -            -
14 Earning Per Share (excluding exceptional           
  income)  Basic & Diluted (Rs.) (0.59) (0.27) (0.50) (0.86) (2.88)
15 Aggreegate of Non-Promoter Shareholdings;          
  -  Number of Shares  30417096 30417096 30417546 30417096 30417546
  - Percentage of  Shareholding             42.76 42.76 42.76 42.76 42.76
 Notes:
  1. The Net Deferred Tax Assets of Rs.21.03Crores as on 31.03.2007 has not been recognised  in  view  of uncertainity of  its  realisation  as  recommended under Accounting Standard - 22 on 'Deferred Taxation' issued by Institute of Chartered Accountants of India.
  2. Interest waiver on settlement with a Institution has been included under exceptional income.
  3. During the quarter 13 investor complaints  were  received, which were attended by the company.  No investor complaints were pending either at the beginning or at the end of the quarter.
  4. Figures have been regrouped wherever considered necessary.
  5. These results have been taken on record by the Board of Directors at meeting held at 28th May, 2007.
             
On Behalf Of Board of Directors
             
Dated:28th May, 2007 
Place: New Delhi		      Vineet Jain
Managing Director

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