| NELCO LIMITED | ||||||
| Regd. Office: Francysters Cybernetics Centre, Eucharistic Congress Building No. III , 5, Convent Street , Colaba, Mumbai -400 001. | ||||||
|
Audited Financial Results for the Quarter / Nine Months ended 31st December 2007 |
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| Rs. in Lakhs | ||||||
| Sr. | Particulars | 3 Months | 3 Months | 9 Months | 9 Months | 6 Months |
| No. | period ended | period ended | period ended | period ended | period ended | |
| 31.12.2007 | 31.12.2006 | 31.12.2007 | 31.12.2006 | 31.03.2007 | ||
| (Audited) | (Unaudited) | (Audited) | (Unaudited) | (Audited) | ||
| 1. | Sales / Income from Operations | 4799 | 2853 | 10940 | 10764 | 6612 |
| Less : Excise Duty | 327 | 215 | 781 | 614 | 448 | |
| Net Sales/ Income from Operations | 4472 | 2638 | 10159 | 10150 | 6163 | |
| 2. | Other Income | 9 | 4 | 125 | 15 | 31 |
| 3 | Total Income | 4481 | 2642 | 10284 | 10165 | 6194 |
| 4 | Total Expenditure | |||||
| a) (Increase)/Decrease in Stock in Trade and Work in progress | (63) | 102 | (512) | (994) | 210 | |
| b) Consumption of Raw Materials | 1544 | 1011 | 3767 | 3081 | 1379 | |
| c) Purchase of Traded Goods & Spares | 1252 | 372 | 2157 | 2468 | 1309 | |
| d) Employees Cost | 634 | 502 | 1795 | 1463 | 977 | |
| e) Depreciation | 109 | 101 | 324 | 281 | 202 | |
| f ) Other Expenditure | 900 | 526 | 2299 | 2178 | 1309 | |
| g) Total | 4376 | 2614 | 9830 | 8477 | 5386 | |
| 5 | Interest | 265 | 226 | 805 | 648 | 449 |
| 6 | Deferred Revenue Expenditure (Voluntary Retirement Scheme) | 31 | 79 | 96 | 241 | 156 |
| 7 | Profit/(Loss) before Tax | (191) | (277) | (447) | 799 | 202 |
| 8 | Tax Expense | |||||
| a) Current Tax Provision | - | - | - | - | 140 | |
| b) Deferred Tax Provision | - | - | - | - | (101) | |
| c) Fringe Benefit Tax Provision | 11 | 10 | 37 | 29 | 23 | |
| d) Short / (Excess) Tax Provision For Earlier Years | - | - | - | 18 | - | |
| 9 | Net Profit/(Loss) After Tax | (202) | (287) | (484) | 752 | 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 | (0.89) | (1.26) | (2.12) | 3.30 | 0.61 |
| 13 | Public shareholding | |||||
| Number of Shares | 11384210 | 11382410 | 11384210 | 11382410 | 11382410 | |
| 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 22nd January , 2008. | ||||||
| 5. Status of Investors Complaints for the quarter ended 31.12.2007 : At the beginning - Nil , Received - 15, Disposed off - 15 and Unresolved - Nil. | ||||||
| FOR NELCO LIMITED | ||||||
| Mumbai | P. R. MENON | |||||
| 22nd January, 2008 | CHAIRMAN | |||||