QUARTERLY REPORT

 

(Rs. in Crores)

S.N.

PARTICULARS

QUARTER ENDED 12 MONTHS ENDED

18 MONTHS ENDED 31.03.2006

31.03.2007 31.03.2006 31.03.2007 31.03.2006

1.

Net Sales/Income From Operations

179.01 83.95

513.28

397.06 553.74

2.

Other Income

7.66 2.41

21.28

17.38 248.39

3.

Total Expenditure

113.36 78.64

415.47

285.02 393.36

a) (Increase) /decrease in stock in trade

0.91 23.88

(23.25)

(2.02) (36.17)

b) Purchase

92.74 42.29

361.84

237.20 343.74

c) Staff cost

2.10 0.95 6.57 4.35 5.78

d) Other expenditure

17.61 11.52 70.31 45.49 80.01

4.

Profit before Interest, Depreciation & Tax [1+2+3] 73.31 7.72 119.09 129.42 408.77

5.

Interest

7.33 2.49 23.69 9.98 12.81

6.

Depreciation

5.53 1.09 20.65 7.17 9.68

7.

Profit / (Loss) before Tax [4-5-6]

60.45 4.14 74.75 112.27 386.28

8.

Provision for Tax (incl. Fringe Benefit Tax)

6.87 0.75 8.53 12.16 28.63

8a.

Deferred Tax

2.65 45.66 9.47 45.66 45.66

9.

Net Profit / (Loss) [6-7]

50.93 (42.27) 56.75 54.45 311.99

10.

Paid up Equity Share Capital of Rs. 10/- each

243.91 119.95 243.91 119.95 119.95

11.

Reserve excluding Revaluation Reserve

- - - - 393.64

12.

Basic / Diluted EPS (Rs.) - Not Annualised

2.09 (2.02) 2.34 2.74 13.01

13.

Aggregate of Non - Promoter Shareholding

         

- Number of Shares

123,063,663 53,032,326 123,063,663 53,032,326 53,032,326

- Percentage of Shareholding

50.46 53.42 50.46 53.42 53.42

14.

Number of Shareholders

84,883 62,331 84,883 62,331 62,331
 
 

(Rs. in crores)

S.N.
PARTICULARS QUARTER ENDED
31.03.2007
YEAR ENDED
31.03.2007

1.

Segment Revenue
(Net Sale/Income from Segment)

 

a) Coke Division

132.41

385.46

b) Steel Division

44.62

124.42

c) Unallocated

9.64 24.68

Net Sales/ Income from Operations

186.67 534.56
2.

Segment Results
Profit/(Loss) Before Tax & Interest

 

 

a) Coke Division

61.89

87.36

 

b) Steel Division

2.97

4.03

c) Unallocated

2.92 7.05

Total

67.78 98.44

Less : Interest

7.33 23.69

Total Profit/ (Loss) Before Tax

60.45 74.75

3.

Capital Employed

 

  a) Coke Division (including captive windmills of Rs.9.84 crores ) 372.26 372.26
  b) Steel Division (including captive windmills of Rs.115.97 crores) 211.84 211.84
 

c) Unallocated / Others

831.64 831.64
  Total 1,415.74 1,415.74


  NOTES :

1. The above results have been reviewed by the Audit Committee in its meeting held on April, 06, 2007 and approved by the Board of Directors in its meeting held on April, 07, 2007. The Statutory Auditors of the Company have also carried out the "Limited Review" of the above results.

2. In terms of amended clause 41 of the Listing agreement, details of Investors complaints for the quarter ended 31st March, 2007 are as under :-

at the beginning of the quarter 13
received during the quarter 59
disposed off during the quarter 69
pending at the end of the quarter 3 (since resolved - 2)

3. During the Quarter, the company's investment in its subsidiary, Bharat NRE Coke Ltd., has increased by an amount of Rs. 5.51 crores in the form of equity, maintaining the company's shareholding to 60%. The company has also invested 15 Million AUD (Rs 51.79 Crores) during the quarter in its wholly owned Australian subsidiary, Gujarat NRE Pty. Ltd.

4. Out of the proceeds of zero coupon FCCBs of Rs 267.96 Crores issued in April 2006, Rs. 22.57 crores have remained unutilised till the end of March 2007.

5. Previous period figures have been regrouped / rearranged wherever considered necessary. Audited Results of 18 months ended 31.03.06 are not comparable since they also includes the impact of the merger of FCGL Industries Ltd. In Segment Reporting as per AS-17, previous year's figures are not applicable since the company did not have multiple segments to report.

Place : KOLKATA
Date : 7th April 2007

By Order of the Board
For Gujarat NRE Coke Limited
sd/-
A K Jagatramka
Vice Chairman & Mg. Director

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