Reviewed Results

Unaudited Financial Results for the Quarter ended 30.09.2006 (Rs. in lacs)
Sl. No Particulars 3 MONTHS ENDED 6 MONTHS ENDED AUDITED
30.09.2006 30.09.2005 30.09.2006 30.09.2005 31.03.2006
1 Net Sales / Income from Operation 3,927   3,272   7,110   5,813   13,411
2 Other Income 29   97   96   163   311
3 Total Expenditure          
  a) (Increase) / Decrease in Stock in Trade 248   (286)   79   (742)   (520)
  b) Consumption of Raw Material 1,791   1,732   3,536   3,212   6,934
  c) Staff Cost 690   679   1,324   1,287   2,563
  d) Stores & Spare Parts Consumed 379   413   710   792   1,493
  e) Power & Fuel 216   206   405   371   786
  f) Other Expenditure 307   269   582   513   1,157
4 Interest 104   69   205   129   307
5 Depriciation 100   89   188   176   364
6 Profit (+) / Loss (-) Before Tax          
  (1 + 2 - 3 - 4 - 5) 121   198   177   238   638
7 Provision for Taxation          
  a) Current 28   50   36   51   149
  b) Deferred 12   (7)   39   25   44
  c) Fringe Benefit 2   4   4   7   9
8 Net Profit (+) / Loss (-) 79   151   98   155   436
9 Paid Up Equity Share Capital of Rs. 10/- each 131   131   131   131   131
10 Reserves excluding revaluation reserves         2,728
11 Basic & Diluted EPS (in Rs.) 6.04   11.56   7.55   11.85   33.35
12 Aggregate of Non-Promoter Share Holding          
       - Number of Shares 618,810   622,932   618,810   622,932   618,810
       - % of Shareholding 47   48   47   48   47
Notes :
1 The above results after review of the Audit Coumitee were approved by the Board of Directors at their meeting held on 30th October, 2006. and will be subject to a limited review by the Auditors of the Company.
2 There are no invester complaints recieved during the quarter. There are no complaint pending at the beginning or lying unresolved at the end of the quarter.
3 The Accounting Standard (AS) - 15 (Revised) on 'Employee Benefits' issued by The Institute of Chartered Accountants of India has become applicable with effect from 1st April, 2006 and the Company is in the process of ascertaining the impact, if any, on certain accrued employee cost upto the period ended 30th September, 2006 in terms of the said AS. The impact of the Revised AS 15 will be accounted for on completion of aforesaid process.
4 Information in accordance with Accounting Standard 17 on Segment Reporting issued by the Institute of Chartered Accountants of India. The Company is engaged in business of manufacturing jute goods & is manages organisationally as a single unit. Accordingly the Company has only one business segment and thus disclosures requirements relating to Primary Segment reporting format is not applicable. However, the Company has customers in India as well as outside India and thus Secondary Segment reporting format is based on the Geographical location of its customers.
Information relating to Secondary Segment reporting format as follows:
PARTICULARS 3 MONTHS ENDED 6 MONTHS ENDED 31.03.2005
30.09.2006 30.09.2005 30.09.2006 30.09.2005
i)   Sales -Inside India 2935 2583 5380 4460 10704
  Sales - Outside India 992 689 1730 1353 2707
ii)   Carrying amount of segment          
  Assets (Sundry Debtors) - Inside India     313 320 149
  Assets (Sundry Debtors) - Outside India     155 103 131
iii) Purchase of Tangiable & Intangible Assets     407 412 1227
4 Previous period's figures have been regrouped / rearranged, if necessary, to conform to the current period presentation.
Place : Kolkata
Sd/- G.D.Bangur
BY ORDER OF THE BOARD
For GLOSTER JUTE MILLS LIMITED
Sd/- G.D.Bangur
CHAIRMAN & MANAGING DIRECTOR
 
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