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PRISM CEMENT LIMITED |
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Regd. Office : 305, Laxmi Nivas Apartments, Ameerpet,
Hyderabad - 500 016. |
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Corp. Office : 'Rahejas', Main Avenue, V.P. Road,
Santacruz (W), Mumbai - 400 054. |
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| AUDITED FINANCIAL
RESULTS |
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| For the nine months
ended March 31, 2009. |
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Rs. Lakhs |
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Particulars |
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Quarter |
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Audited |
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Reviewed |
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Audited |
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Consolidated |
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Consolidated |
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ended |
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Audited |
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Audited |
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Mar-09 |
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Mar-08 |
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9 months ended Mar-09 |
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9 months ended Mar-08 |
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12 months ended Jun-08 |
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9 months ended Mar-09 |
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12 months ended Jun-08 |
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Sales |
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27814 |
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26664 |
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72141 |
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75508 |
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101975 |
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72141 |
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101975 |
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Less : Excise duty |
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2840 |
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3798 |
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9417 |
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10522 |
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14330 |
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9417 |
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14330 |
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Net Sales |
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24974 |
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22866 |
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62724 |
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64986 |
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87645 |
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62724 |
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87645 |
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Other Income from
operations |
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162 |
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138 |
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262 |
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268 |
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284 |
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262 |
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284 |
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25136 |
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23004 |
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62986 |
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65254 |
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87929 |
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62986 |
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87929 |
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Expenditure |
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Consumption of raw materials |
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1873 |
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1656 |
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5374 |
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5122 |
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6941 |
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5374 |
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6941 |
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Stores and spares consumed |
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1179 |
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751 |
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4862 |
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3483 |
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4074 |
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4862 |
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4074 |
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Power & fuel |
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5829 |
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5885 |
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17458 |
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14773 |
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20128 |
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17458 |
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20128 |
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Employees cost |
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890 |
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775 |
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2742 |
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2362 |
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3543 |
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3224 |
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3600 |
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Freight outward |
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2452 |
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2024 |
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6759 |
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5368 |
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7132 |
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6759 |
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7132 |
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(Increase) / Decrease in stock in trade
& work |
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in progress |
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1385 |
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223 |
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373 |
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396 |
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1140 |
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373 |
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1140 |
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Depreciation |
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798 |
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772 |
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2431 |
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2359 |
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3193 |
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2486 |
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3194 |
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Other expenditure |
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2695 |
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2718 |
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8166 |
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8315 |
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11030 |
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8725 |
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11334 |
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Total Expenditure |
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17101 |
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14804 |
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48165 |
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42178 |
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57181 |
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49261 |
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57543 |
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Profit from operations
before other income |
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and interest |
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8035 |
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8200 |
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14821 |
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23076 |
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30748 |
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13725 |
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30386 |
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Other income (dividend) |
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78 |
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367 |
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731 |
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888 |
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1308 |
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1267 |
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1315 |
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Profit before interest
and tax |
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8113 |
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8567 |
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15552 |
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23964 |
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32056 |
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14992 |
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31701 |
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Finance charges |
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95 |
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90 |
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354 |
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270 |
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383 |
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354 |
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383 |
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Profit before Tax |
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8018 |
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8477 |
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15198 |
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23694 |
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31673 |
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14638 |
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31318 |
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Provision for current tax |
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(3189) |
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(1920) |
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(6124) |
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(5249) |
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(8041) |
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(6124) |
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(8041) |
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Provision for Fringe Benefit Tax |
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(15) |
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(10) |
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(51) |
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(32) |
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(40) |
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(55) |
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(40) |
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Deferred tax |
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205 |
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(111) |
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600 |
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(348) |
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571 |
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600 |
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571 |
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Net Profit |
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5019 |
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6436 |
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9623 |
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18065 |
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24163 |
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9059 |
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23808 |
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Share of minority
interest |
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- |
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- |
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- |
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- |
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- |
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147 |
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92 |
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Share of loss in
Associate |
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- |
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- |
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- |
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- |
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- |
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1 |
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- |
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Net profit |
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5019 |
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6436 |
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9623 |
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18065 |
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24163 |
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9205 |
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23900 |
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Paid-up Equity Share Capital (Rs.
10/- per share) |
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29825 |
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29825 |
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29825 |
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29825 |
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29825 |
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29825 |
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29825 |
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Reserves excluding
revaluation reserves |
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- |
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- |
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36340 |
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- |
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31952 |
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35659 |
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31689 |
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EPS (Rs.) - Basic and diluted (not
annualised) |
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1.68 |
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2.16 |
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3.23 |
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6.06 |
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8.10 |
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3.09 |
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8.01 |
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Public shareholding |
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Number of Shares |
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114,123,811 |
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114,123,811 |
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114,123,811 |
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114,123,811 |
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114,123,811 |
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114,123,811 |
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114,123,811 |
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Percentage of shareholding |
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38.26 |
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38.26 |
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38.26 |
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38.26 |
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38.26 |
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38.26 |
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38.26 |
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Promoters and promoter
group shareholding |
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a) Pledged / encumbered |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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Number of shares |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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Percentage of shares |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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b)
Non-encumbered |
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- |
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- |
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- |
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- |
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- |
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- |
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- |
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Number of shares |
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184,126,189 |
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184,126,189 |
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184,126,189 |
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- |
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Percentage of shares |
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61.74 |
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- |
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61.74 |
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- |
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- |
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61.74 |
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- |
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Quantative Details |
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Production |
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Clinker MT |
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609700 |
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647538 |
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1744365 |
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1712756 |
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2287105 |
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Cement MT |
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644442 |
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625451 |
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1860788 |
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1807881 |
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2444723 |
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Despatches :
Clinker MT |
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185638 |
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207701 |
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417168 |
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478408 |
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623482 |
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Cement MT |
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650178 |
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625599 |
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1873722 |
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1807826 |
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2441655 |
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Total Despatches |
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835816 |
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833300 |
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2290890 |
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2286234 |
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3065137 |
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| Notes: |
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| 1 |
The Board has
changed the financial year of the Company to April 1st to March 31.
Accordingly, the current financial year is for a period of nine months i.e.
July 1, 2008 to March 31, 2009. Hence the figures for the current period are
not comparable with the previous period. |
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| 2 |
The Company is
engaged only in cement business and there are no separate reportable segments
as per AS-17. |
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| 3 |
The
Board of Directors has recommended a final dividend of Re. 0.50 per equity
share of Rs. 10/- each, in addition to the interim dividend of Re. 1/- per
share paid in October 2008. The total dividend for the period ended March 31,
2009 will amount to Rs. 1.50 per share as against Re. 1/- per share paid for
the previous year ended June 30, 2008. |
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| 4 |
The Consolidated
Financial Statements are prepared in accordance with Accounting Standard 21
-"Consoidated Financial Statements" and Accounting Standard 23 -
"Accounting for Investments in Associates in Consolidated Financial
Statements", issued by The Institute of Chartered Accountants of India. |
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| 5 |
Figures of the previous period have been regrouped
wherever necessary. |
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