| NELCO LIMITED | ||||||
|
Audited Financial Results for the Three Months Period ended 30th September 2007 |
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| Regd. Office: Francysters Cybernetics Centre, Eucharistic Congress Building No. III , 5, Convent Street , Colaba, Mumbai -400 001. | ||||||
| Rs. in Lakhs | ||||||
| Sr. | Particulars | 3 Months | 3 Months | 6 Months | 6 Months | 6 Months |
| No. | period ended | period ended | period ended | period ended | period ended | |
| 30.09.2007 | 30.09.2006 | 30.09.2007 | 30.09.2006 | 31.03.2007 | ||
| (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | ||
| 1. | Sales / Income from Operations | 4518 | 5687 | 6141 | 7911 | 6612 |
| Less : Excise Duty | 363 | 299 | 454 | 399 | 448 | |
| Net Sales/ Income from Operations | 4155 | 5388 | 5687 | 7512 | 6163 | |
| 2. | Other Income | 92 | 6 | 116 | 11 | 31 |
| 3 | Total Income | 4247 | 5394 | 5803 | 7523 | 6194 |
| 4 | Total Expenditure | |||||
| a) (Increase)/Decrease in Stock in Trade and Work in progress | (374) | (888) | (449) | (1096) | 210 | |
| b) Consumption of Raw Materials | 2063 | 1639 | 2223 | 2070 | 1379 | |
| c) Purchase of Traded Goods & Spares | 583 | 1455 | 905 | 2096 | 1309 | |
| d) Employees Cost | 597 | 464 | 1161 | 961 | 977 | |
| e) Depreciation | 109 | 93 | 215 | 180 | 202 | |
| f ) Other Expenditure | 756 | 930 | 1399 | 1652 | 1309 | |
| g) Total | 3734 | 3693 | 5454 | 5863 | 5386 | |
| 5 | Interest | 272 | 237 | 540 | 422 | 449 |
| 6 | Deferred Revenue Expenditure (Voluntary Retirement Scheme) | 32 | 80 | 65 | 162 | 156 |
| 7 | Profit/(Loss) before Tax | 209 | 1384 | (256) | 1076 | 202 |
| 8 | Tax Expense | |||||
| a) Current Tax Provision | - | - | 140 | |||
| b) Deferred Tax Provision | - | (101) | ||||
| c) Fringe Benefit Tax Provision | 13 | 10 | 26 | 19 | 23 | |
| d) Short / (Excess) Tax Provision For Earlier Years | - | 18 | 18 | - | ||
| 9 | Net Profit/(Loss) After Tax | 196 | 1356 | (282) | 1039 | 140 |
| Add : Brought forward from previous year | - | - | (419) | |||
| Profit and Loss - Debit Balance (Net) | - | - | (279) | |||
| 10 | Paid up Equity Share Capital ( Face Value Rs.10/-) | 2282 | 2282 | 2282 | 2282 | 2282 |
| 11 | Reserves excluding Revaluation Reserves | - | ||||
| 12 | EPS (Rs.)- Basic & Diluted | 0.86 | 5.94 | (1.24) | 4.55 | 0.61 |
| 13 | Public shareholding | |||||
| Number of Shares | 11382910 | 11381460 | 11382910 | 11381460 | 11382910 | |
| Percentage of Shareholding | 49.89 | 49.88 | 49.89 | 49.88 | 49.88 | |
| Notes : - | ||||||
| 1. Previous period's figures have been regrouped wherever necessary. | ||||||
| 2. Due to the nature of project business, financial performance is not uniform across the quarters. Hence financial results for the quarter are not representative of the annual results. | ||||||
| 3. The earlier financial year of the Company was for 6 months period from 01.10.2006 to 31.03.2007 | ||||||
| 4.The above results have been reviewed by the Audit Committee and were approved by the Board of Directors at their meeting held on 23rd October, 2007. | ||||||
| 5. Status of Investors Complaints for the quarter ended 30.09.2007 : At the beginning - Nil , Received - 14, Disposed off - 14 and Unresolved - Nil. | ||||||
| FOR NELCO LIMITED | ||||||
| Mumbai | P. R. MENON | |||||
| 23rd October, 2007 | CHAIRMAN | |||||