QUARTERLY REPORT

(Rs. in Crores)

S.N.

PARTICULARS

QUARTER ENDED
(UNAUDITED)
YEAR ENDED (UNAUDITED) YEAR ENDED (AUDITED)
31.03.2008
31.03.2007
31.03.2008
31.03.2007

1.

Net Sales/Income From Operations
380.64
179.01
874.40
513.32

2.

Other Income
18.72
7.66
43.50
20.28

3.

Total Income [ 1+2 ]
399.36
186.67
917.90
533.60

4.

Total Expenditure

a) (Increase) /decrease in stock in trade
20.55
0.91
(51.30)
(23.27)

b) Purchases
214.39
92.74
559.93
361.57

c) Staff cost
2.31
2.10
8.77
6.54
  d) Depreciation
5.76
5.53
23.37
20.68
  e) Other expenditure
56.11
17.61
118.60
69.75
  f)  Total 
299.12
118.89
659.37
435.27

5.

Interest
11.17
7.33
33.23
23.57

6.

Profit / (Loss)  before Tax [3-4-5]
89.07
60.45
225.30
74.76

7.

Provision for Current Tax (incl. Fringe Benefit Tax)
17.00
6.87
34.09
8.45

8.

Profit / (Loss) after Current Tax [6-7]
72.07
53.58
191.21
66.31

9.

Provision for Deferred Tax
7.87
2.65
21.67
10.58

10.

Net Profit / (Loss) [8-9]
64.20
50.93
169.54
55.73

11.

Paid up Equity Share Capital of Rs. 10/- each
337.02
243.91
337.02
243.91

12.

Reserve excluding Revaluation Reserve        

13.

Earning per Share (EPS)
  -Basic EPS (Rs.) - Not Annualised
2.33
1.82
5.97
3.16
  -Diluted EPS (Rs.) - Not Annualised
1.98
1.48
5.06
2.38
14. Public Holdings        
  - Number of Shares
199831502
123063663
199831502
123063663
  - Precentage of Shareholding
59.29
50.46
59.29
50.46
 
(Rs. in Crores)

S.N.

PARTICULARS

QUARTER ENDED
(UNAUDITED)
YEAR ENDED (UNAUDITED) YEAR ENDED (AUDITED)
31.03.2008
31.03.2007
31.03.08
31.03.07

1.

Segment Revenue

 

 

 

 

(net sale/income from segment)

 

 

 

 

a

Coke Division
293.85
132.41
636.86
385.51

b

Steel Division
89.77
44.62
237.87
124.41

Less: Inter Segment Revenue
(1.31)
-  
(1.31)
-  

Net Sales / Income from Operations
382.31
177.03
873.42
509.92
2. Segment Results

  Profit / (Loss) Before Tax & Interest

a

Coke Division
90.77
61.89
224.96
87.53

b

Steel Division
8.49
2.97
17.67
4.69

Total
99.26
64.86
242.63
92.22

Less: Interest Expense
11.17
7.33
33.23
23.58
  Add:- Other Un-allocable Income Net of Expenditure
0.98
2.92
15.90
6.12

Total Profit / (Loss) Before Tax
89.07
60.45
225.30
74.76

3.

Capital Employed 

a

Coke Division
629.19
370.93
629.19
370.93
  (including captive windmills of Rs. 9.15 crores)

b

Steel Division
336.88
218.99
336.88
218.99
  (including captive windmills of Rs.218.16 crores)        

c

Unallocated/Others

991.27

786.58

991.27

786.58

  Total
1957.34
1376.50
1957.34
1376.50
 

NOTES :

1. The above quarterly results have been reveiwed by the Audit Committee in its meeting held on 24.04.2008 and approved by the Board of Directors in its meeting held on 24.04.2008. The above result has also been reviewed by the Auditors.

2. In terms of amended clause 41 of the Listing agreement, details of Investors complaints for the quarter ended 31st March,2008 are as under :-

at the beginning of the quarter nil
received during the quarter 38
disposed off during the quarter 35
pending at the end of the quarter 3                   (since resolved)

3. Out of the proceeds of zero coupon FCCBs of Rs 267.96 Crores issued in April 2006, Rs. 5.74 crores have remained unutilised till the end of March,2008.

4a. In respect of 1% Foreign Currency Convertible Bonds (FCCB) of USD 55 million, during the quarter 200 bonds valued at Rs. 21.82 crores were converted into 45,47,250 equity shares. Till date, 2191 bonds (out of total 2200 bonds) valued at Rs. 238.98 crores were converted into 4,98,15,134 equity shares.

4b. In respect of Zero Coupon Foreign Currency Convertible Bonds (FCCB) of USD 60 million, during the quarter 83 bonds valued at Rs. 37.07 crores were converted into 59,30,848 equity shares.Till date, 375 bonds (out of total 600 bonds) valued at Rs. 167.48 crores were converted into 2,67,96,000 equity shares.

5. Previous period figures have been regrouped / rearranged wherever considered necessary.

Place : Kolkata
Date : 24.04. 2008

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

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