|
|
| |
Unaudited
financial results for the quarter ended June
30,2002
(Rs. Cr.) |
| Sr.No.
|
Particulars
|
Quarter ended
30-6-2002
( Unaudited ) |
Quarter
ended
30-6-2001
( Audited ) |
Year
ended
31-3-2002
( Audited ) |
| 1 |
Income from operations |
1665 |
2157 |
7804 |
|
2 |
Other Income |
19 |
44 |
145 |
|
3 |
Total expenditure |
|
|
|
|
|
(a)Staff cost
|
20 |
42
|
108
|
|
|
(b)Bond
issue expenses w/off |
15 |
16
|
66
|
|
|
(c)Other expenditure
|
25 |
27
|
114
|
|
|
Total
expenditure |
60 |
85
|
288
|
| 4
|
Interest cost
|
1442
|
1603
|
6250
|
| 5
|
Profit before
Depreciation and Provisions (1+2-3-4)
|
182
|
513
|
1411
|
| 6
|
Depreciation
|
52
|
57
|
223
|
| 7
|
Bad
& doubtful debts/investments written
off/ provided for |
97
|
264
|
773
|
| 8
|
Profit
before tax (5-6-7) |
33
|
192
|
415
|
| 9
|
Provision for
taxation |
5
|
10
|
10
|
| 10
|
Deferred tax
credit |
10
|
0
|
19
|
| 11
|
Net profit after
tax (8-9+10) |
38
|
182
|
424
|
| 12
|
Paid up Equity
Share Capital
(face value Rs.10 per share) |
653
|
653
|
653
|
| 13
|
Reserves excluding
Revaluation Reserves |
|
|
6001
|
| 14
|
Accelerated
write-off of bad and doubtful Debts
by withdrawal from Reserve Fund (refer
note ' e ' given below) |
|
|
2500
|
| 15
|
Earning Per
Share (Rs.) |
0.57
|
2.79
|
6.50
|
| 14
|
Shareholding
|
No. of shares
|
Percentage
of shareholding |
|
|
Govt. of India
|
38
17 28 000 |
58.47
|
|
|
Employees |
7
89 800 |
0.12 |
|
|
Public
|
10 26 01 883
|
15.72
|
|
|
HUF
|
6
12 686 |
0.09
|
|
|
Bodies corporate
|
2
89 20 744 |
4.43
|
|
|
Institutions
|
9
39 56 248 |
14.39
|
|
|
Societies
|
1
73 920 |
0.03 |
|
|
Trusts
|
2
97 020 |
0.05
|
|
|
Insurance companies
|
3
68 44 837 |
5.64
|
|
|
NRI's
|
59
51 149 |
0.91 |
|
|
NSDL(Transit)
|
9
54 113 |
0.15
|
|
|
Grand
Total |
65
28 30 400 |
100.00
|
| |
|
The above results have been
taken on record by the Board of
Directors at their meeting held
on July 27, 2002.
The working results for quarter
ended 30th June 2002 have been
arrived at after considering provisions
for Bad & Doubtful Debts, Income
Tax and other usual and necessary
provisions on an estimated basis.
In case of investments classified
under Available for Sale, valuation
thereof as required by RBI guidelines
is made on yearly basis.
Segment Reporting as defined
in Accounting Standard AS 17 is
considered not applicable
Accelerated write-off of bad
and doubtful debts of Rs.2500.26
Cr. during the previous accounting
year ended March 31, 2002 was
made by drawing the equivalent
amount from Special Reserve u/s
36(1)(viii) of Income Tax Act,
1961.
The figures of the previous
year/period have been regrouped
and adjusted wherever required.
|
| |
By
order of the Board |
| Place
: Mumbai |
sd/- |
| Date
: July 27,2002 |
(P.
P. Vora) |
| |
Chairman
& Managing Director. |
|
|
|
| |
|
|
|
|
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