Clariant - Financial Results March 2005

Colour-Chem Limited

									(Rs. in Lakhs)

			Nine Months Ended	Quarter Ended				CONSOLIDATED
						ACCOUNTING YEAR	PREVIOUS ACCOUNTING YEAR	ACCOUNTING YEAR	PREVIOUS ACCOUNTING YEAR
			31/12/2004	31/03/2005	31/03/2004	31/03/2005	31/03/2004	31/03/2005	31/03/2004
			(Unaudited)	(Unaudited)	(Unaudited)	(Audited)	(Audited)	(Audited)	(Audited)

1		Gross Sales/Income from Operations	31,290	9,809	9,980	41,099	41,827	45,204	45,587
		Less: Excise Duty	2,872	928	824	3,800	3,367	3,878	3,446
		Net Sales/ Income from Operations	28,418	8,881	9,156	37,299	38,460	41,326	42,141
2		Other Income [See note-2 (i)]	1,902	523	508	2,425	8,474	2,599	8,669

			30,320	9,404	9,664	39,724	46,934	43,925	50,810

3		Total Expenditure
	a.	Increase (-) / Decrease (+) in stock in trade	75	(438)	91	(363)	259	(450)	352
	b.	Consumption of Raw Materials	12,979	4,584	3,845	17,563	14,610	19,976	17,023
	c.	Purchase of Finished Goods	4,735	1,243	1,763	5,978	9,031	5,209	8,130
	d.	Power and Fuel	1,530	468	526	1,998	2,204	2,503	2,764
	e.	Personnel Cost [See note-2(ii)]	4,456	770	887	3,546	9,780	4,175	10,363
	f.	Other Expenditure	2,776	1,518	2,005	5,974	6,968	6,774	7,596
4		Interest	262	40	104	302	282	347	315
5		Depreciation	856	291	374	1,147	1,305	1,566	1,690

			27,669	8,476	9,595	36,145	44,439	40,100	48,233

6		Profit before Tax & Prior Period Items	2,651	928	69	3,579	2,495	3,825	2,577
7		Provision for Taxation
		Current	590	170	140	760	940	919	1,009
		Deferred [See note-3]	378	186	(234)	564	(1,802)	494	(1,833)
		Short Provision for prior years taxation (net)	46	-	-	46	-	46	2
8		Net Profit before prior period items and after tax	1,637	572	163	2,209	3,357	2,366	3,399
9		Prior Period items [See note-4]	650	-	-	650	-	650	-
10		Net Profit after prior period items and tax	987	572	163	1,559	3,357	1,716	3,399
11		Minority Interest	-	-	-	-	-	70	29
12		Net Profit after Minority Interest	987	572	163	1,559	3,357	1,646	3,370
13		Paid up Equity Capital (Face Value of Rs.10/- each)	1,165	1,165	1,165	1,165	1,165	1,165	1,165
14		Reserves excluding revaluation reserve				16,057	15,296	17,143	16,311
15		Basic & Diluted EPS ( Rs.)	8.47	4.91	1.40	13.38	28.82	14.13	28.93
		(Not Annualised)
16		Aggregate of shareholding other than
		Holding Company:
		Number of shares	5812920	5812920	5812920	5812920	5812920	5812920	5812920
		percentage of shareholding	49.90	49.90	49.90	49.90	49.90	49.90	49.90



Notes:
	(1)	The above statement of quarterly and yearly results was reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 26th May 2005.

	(2)			ACCOUNTING YEAR	PREVIOUS YEAR
				31/03/2005	31/03/2004
	(i)	Other Income includes:-
	a)	Profit on sale of fixed assets including land		470	4,856
	b)	Reimbursement of Remnant Cost		-	1,263
	c)	Remission on early repayment of interest-free deferred sales tax loan.		278	605
				748	6,724
	(ii)	Personnel Cost includes expenditure on implementation of Voluntary Retirement Scheme by the Company		373	5,048
				373	5,048
		Net (i) - (ii)		375	1,676
		The aforesaid one time transactions have accordingly affected the results for the previous year ended 31 st March 2004.

	(3)	The deferred tax credit for the year ended 31st March, 2004 includes Rs.1452 Lakhs credit being the effect on tax due to the temporary timing difference on allowability of VRS expenses for tax purpose.
	(4)	Prior Period items during the year ended 31st March, 2005 amounting to Rs. 650 Lakhs is an adjustment arising out of the addendum entered into with the purchasers in respect of the Sale of Land at Thane.
	(5)	There was no investor complaint pending at the beginning of the quarter. No complaint was received during the quarter.
	(6)	Figures for the previous period have been regrouped wherever necessary to conform to current period's classification.
	(7)	The Board of Directors has recommended a dividend of Rs. 6/- (Previous year Rs. 6/-) per equity share subject to approval of shareholders.