| NELCO LIMITED | ||||
| Regd. Office: Francysters Cybernetics Centre, Eucharistic Congress Building No.III, 5, Convent Street, Colaba, Mumbai - 400 001. | ||||
|
Audited Financial Results for the Three Months Period ended 30th June 2007 |
||||
| Rs. In Lakhs | ||||
| Sr. | Particulars | 3 Months | 3 Months | 6 Months |
| No. | period ended | period ended | period ended | |
| 30.06.2007 | 30.06.2006 | 31.03.2007 | ||
| (Audited) | (Reviewed) | (Audited) | ||
| 1. | Sales / Income from Operations | 1623 | 2224 | 6612 |
| Less : Excise Duty | 91 | 100 | 448 | |
| 1532 | 2124 | 6163 | ||
| 2. | Other Income | 24 | 5 | 31 |
| 3. | Total Expenditure | |||
| a) (Increase)/Decrease in Stock in Trade | (75) | (208) | 210 | |
| b) Consumption of Raw Materials | 161 | 431 | 1379 | |
| c) Purchase of Finished Goods & Spares | 322 | 641 | 1309 | |
| d) Staff Cost | 564 | 497 | 977 | |
| e) Doubtful Debts and Advances written off / provided for | - | - | 16 | |
| f).Product Development Expenses written off | - | 116 | - | |
| g) Other Expenditure | 643 | 606 | 1293 | |
| Total Expenditure | 1615 | 2083 | 5184 | |
| 4. | Interest | 268 | 185 | 449 |
| 5. | Depreciation | 106 | 87 | 202 |
| 6. | Profit/(Loss) after Interest and Depreciation but before Deferred Revenue Expenditure & Taxation | (433) | (226) | 359 |
| 7. | Deferred Revenue Expenditure (Voluntary Retirement Scheme) | 32 | 82 | 156 |
| 8. | Net Profit/(Loss) before Tax | (465) | (308) | 202 |
| 9. | Provision for Taxation | |||
| a) Current Tax | - | - | 140 | |
| b) Deferred Tax | - | - | (101) | |
| c) Fringe Benefit Tax | 13 | 9 | 23 | |
| 10. | Net Profit/(Loss) | (478) | (317) | 140 |
| Add : Brought forward from previous year | - | - | (419) | |
| Profit and Loss - Debit Balance (Net) | - | - | (279) | |
| 11. | Paid up Equity Share Capital ( face value Rs.10/-) | 2282 | 2282 | 2282 |
| 12. | Reserve excluding Revaluation Reserve | - | ||
| 13. | EPS (Rs.)- Basic & Diluted-not annualised | (2.09) | (1.39) | 0.61 |
| 14. | Aggregate of non-promoter shareholding | |||
| Number of Shares | 11382860 | 11381160 | 11382410 | |
| Percentage of Shareholding | 49.88 | 49.88 | 49.88 | |
| Notes : - | ||||
| 1. Previous period's figures have been regrouped wherever necessary. | ||||
| 2. Due to the nature of the project business, financial performance is not uniform across the quarters hence financial results of the quarter are not representative of the annual results. | ||||
| 3.The earlier financial year of the company was for 6 months period from 1.10.06 to 31.3.07. | ||||
| 4.The above results have been reviewed by the Audit Committee and were taken on record by the Board of Directors in their meeting held on 20th July 2007. | ||||
| 5. Status of Investors Complaints for the quarter ended 30.06.2007; - At the beginning - Nil, Received - 13, Disposed off - 13 and Unresolved - Nil. | ||||
| FOR NELCO LIMITED | ||||
| K. A. MAHASHUR | ||||
| Mumbai: 20th July 2007 | EXECUTIVE DIRECTOR | |||