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| BIRLA POWER SOLUTIONS LIMITED |
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AN ISO 9002 & 14001 COMPANY |
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| Birla Ecogen |
| The Eco Friendly Portable Genset |
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| Regd. Office : 159, INDUSTRY HOUSE, CHURCHGATE RECLAMATION, MUMBAI - 400 020 |
| AUDITED FINANCIAL RESULTS FOR THE
QUARTER ENDED ON 31ST MARCH,2007 |
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(Rs. In lacs) |
| Sr. No. |
Particulars |
15 Months
ended on
31.12.2006 |
Quarter
ended on
31.03.2007 |
Quarter
ended on
31.03.2006 |
18 Months
ended on
31.03.2007 |
12 Months
ended on
30.09.2005 |
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(Audited) |
(Audited) |
| 1 |
Net Sales / Income from operations |
19,167.35 |
3,407.56 |
4,718.88 |
22,574.91 |
9,533.10 |
| 2 |
Other Income |
152.33 |
316.70 |
45.13 |
469.03 |
224.83 |
| 3 |
Total Expenditure |
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| (a) |
(Increase) / Decrease in Stock in Trade |
(261.15) |
458.03 |
(247.43) |
196.87 |
(108.51) |
| (b) |
Consumption of Raw Materials |
14,398.07 |
3,533.88 |
3,507.15 |
17,931.95 |
5,701.79 |
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(Including purchase of goods for sale) |
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| (c) |
Staff Cost |
1,091.79 |
216.78 |
205.52 |
1,308.57 |
901.14 |
| (d) |
Excise Duty |
122.06 |
(87.91) |
50.13 |
34.15 |
431.09 |
| (e) |
Other Expenditure |
1,140.66 |
402.97 |
232.96 |
1,543.64 |
1,084.25 |
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| 4 |
Interest |
1,022.59 |
212.28 |
177.11 |
1,234.87 |
638.46 |
| 5 |
Depreciation |
363.87 |
(36.77) |
77.62 |
327.10 |
293.63 |
| 6 |
Profit/(Loss) before tax |
919.49 |
(58.96) |
266.08 |
860.53 |
599.06 |
| 7 |
Provision for Tax |
42.79 |
(45.57) |
35.12 |
(2.78) |
122.07 |
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Profit /(Loss) after tax |
876.70 |
(13.39) |
230.95 |
863.31 |
476.99 |
| 8 |
Prior Period Adjustments |
108.59 |
(0.17) |
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108.42 |
268.44 |
| 9 |
Tax adjustment for the earlier years (net) |
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181.28 |
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181.28 |
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| 10 |
Net Profit/ (Loss) |
768.11 |
(194.50) |
230.95 |
573.61 |
208.55 |
| 11 |
Paid-up Equity Share Capital |
2,376.57 |
2,376.57 |
1,048.25 |
2,376.57 |
1,048.25 |
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(Face value Rs.10/- per share) |
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| 12 |
Reserves Excluding Revaluation Reserves |
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9,309.83 |
4,639.62 |
| 13 |
Earning Per Share (Rupees)/Basic & Diluted |
3.23 * |
(0.82) * |
2.20 * |
3.10 * |
1.99 |
| 14 |
Aggregate of Non-Promotor Shareholding |
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Number of Shares |
18,075,824 |
18,075,824 |
4,917,618 |
18,075,824 |
4,792,619 |
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Percentage of Shareholding |
76.06% |
76.06% |
46.92% |
76.06% |
45.73% |
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| * Earning per share is not annualised |
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| Note: |
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1 The above results have been reviewed by the Audit Committee and thereafter the same have been taken on record by the Board of directors in their meeting held on 31.07.07.
2 With the approval of the Registrar of Companies, Maharashtra, the Financial Year of the company has been extended from 30th September,2006 to 31st March’2007.
3 The EPS has been calculated in accordance with Accounting Standards (AS-20) Issued by ICAI
4 The provision for tax include Fringe Benefit Tax of Rs.21.25 lacs, Wealth tax of Rs.0.83 lac and deferred tax assets of Rs.435.76 lacs for the18 months period.
5 Interest expenses is net of interest income for Rs.148.00 lacs for the 18 months period.
6 The details of utilization of public issue proceeds of Rs.5041.34 lacs are given below :- |
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| DETAILS OF UTILISATION OF PUBLIC ISSUE FUNDS UPTO 31.03.2007. |
| A. Total Funds received |
Rs. 5041.34 |
| B. Payment made |
Rs. 5041.34 |
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| Sr. No |
Particulars specified in Prospects |
Estimated
Expenditure |
Payment
Released |
| 1 |
Factory Building |
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| (a) |
Site Development |
100.00 |
100.00 |
| (b) |
Building & Civil work |
920.52 |
920.52 |
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| 2 |
Purchase of Assets |
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| (a) |
Plant & Machinery (Including Misc. Fixed Assets) |
2314.89 |
2314.89 |
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| 3 |
Preliminary & Preoperative Expenses |
102.10 |
43.20 |
| 4 |
Contingencies |
333.54 |
333.54 |
| 5 |
Issue Expenses |
343.55 |
343.55 |
| 6 |
Margin Money & Working Capital |
926.74 |
985.64 |
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5041.34 |
5041.34 |
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| 7. Details of Investor Complains received / disposed off during the quarter ended 31st March, 2007 are as follows :- |
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| (a) |
No. of Complaints Pending at the beginning of the quarter : 00 |
| (b) |
No. of Complaints received during the quarter : 05 |
| (c) |
No. of disposal of Complaints : 02 |
| (d) |
No. of Complaints lying unresolved at the end of the quarter : 03 |
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| 8. Previous figures have been regrouped wherever necessary to be in conformity with the current period. |
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By order of the Board
for BIRLA POWER SOLUTIONS LIMITED |
Place : Mumbai
Date : 31.07.07 |
(YASHOVARDHAN BIRLA)
(CHAIRMAN) |
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