UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH SEPTEMBER, 2003
                 
            (Rs. Crores) 
Sl. No.   Particulars   Unaudited Unaudited Audited
Quarter ended
Sept 30, 		Half Year ended
Sept 30, 		Year Ended
March 31, 2003
2003 2002 2003 2002
             
1 Sales/Income from Operations 936.61 788.59 1754.76 1429.26 3370.62
  Less : Excise Duty 99.03 78.50 170.83 153.59 307.96
    837.58 710.09 1583.93 1275.67 3062.66
2 Other Income 21.12 7.66 48.15 12.68 46.97
             
3 Total Income (1+2) 858.70 717.75 1632.08 1288.35 3109.63
             
4 Total Expenditure          
  a) (Increase) / Decrease in Stock in Trade (29.68) (23.22) (80.56) (35.90) 51.30
  b) Materials Consumed 431.79 352.92 868.73 664.04 1506.86
  c) Purchase of Finished Goods 21.39 17.33 43.71 26.37 95.12
  d) Power & Fuel Cost 123.58 87.47 226.12 158.41 345.63
  e) Personnel Cost 16.67 13.21 31.97 25.81 54.74
  e) Excise Duty   0.00   0.00  
  f) Other Expenditure 154.99 146.41 295.60 261.80 617.54
  Total Expenditure (4a to 4f) 718.74 594.12 1385.57 1100.53 2671.19
             
5 Profit before interest & Finance Charges, Depreciation, 139.96 123.63 246.51 187.82 438.44
  Deferred Revenue Expenditure & Exceptional Items (3-4)          
             
6 Interest & Finance Charges 73.88 93.45 145.73 185.00 327.56
             
7 Depreciation 53.83 53.11 105.97 106.15 210.12
             
8 Deferred Revenue Expenditure Written off 8.58 3.95 8.58 12.12 18.29
             
9 Profit / (Loss) before Exceptional Items (5-6-7-8) 3.67 (26.88) (13.77) (115.45) (117.53)
             
10 Exceptional Items (Net) - - - - 184.05
             
11 Profit / (Loss) before Tax (9-10) 3.67 (26.88) (13.77) (115.45) 66.52
             
12 Provision for Taxation (Net)          
  - Current - - - - 0.65
  - Deferred 24.91 (2.27) (3.43) (32.92) (16.96)
             
13 Net Profit / (Loss) (11-12) (21.24) (24.61) (10.34) (82.53) 82.83
             
14 Paid-Up Equity Share Capital 685.76 685.76 685.76 685.76 685.76
  (Equity Share of Rs.10/- each)          
             
15 Reserves excluding Revaluation Reserve - - - - -
             
16 Basic EPS (Rs) (0.45) (0.64) (0.44) (1.48) 0.55
  Diluted EPS (Rs) (0.45) (0.64) (0.44) (1.48) 0.45
  (Not Annualised)          
             
17 Aggregate of Non promoter shareholding          
  - Number of shares 315238656 315238654 315238656 315238654 315238656
  - Percentage of shareholding 45.52 45.52 45.52 45.52 45.52
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