| |
Particulars |
Quarter
Ended 30.06.2004
(Unaudited) |
Quarter
Ended 30.06.2003
(Unaudited) |
Year
Ended 31.03.2004
(Audited) |
| 1 |
Net
Sales/Income from Operations
Domestic Sale
Export Sale |
1295.69
1011.96
283.73 |
965.07
781.95
183.12 |
4571.69
3622.76
948.93 |
| 2 |
Other
Income |
10.81 |
13.42 |
51.21 |
| |
Net
Income (1+2) |
1306.50 |
978.49 |
4622.90 |
| |
|
|
|
|
| 3 |
Total
Expenditure |
1062.48 |
764.94 |
3640.04 |
| a |
(Increase)/Decrease
in stock in trade |
(29.25) |
9.32 |
(66.82) |
| b |
Consumption
of Raw Materials |
714.21 |
437.13 |
2358.76 |
| c |
Staff Cost |
119.74 |
89.64 |
407.39 |
| d |
Other
Expenditure |
257.78
|
228.85 |
940.71 |
| |
|
|
|
|
| 4 |
Interest
(Net) |
8.58 |
13.46 |
33.16 |
| 5 |
Depreciation |
63.16 |
55.73 |
268.67 |
| 6 |
Profit
before Tax
(1+2-3-4-5) |
172.28 |
144.36 |
681.03 |
| 7 |
Provision
for Taxation |
|
|
|
| |
- Current |
51.24 |
43.19
|
200.44 |
| |
- Deferred |
(0.57) |
1.15 |
(3.91) |
| 8 |
Net
Profit (6-7) |
121.61 |
100.02 |
484.50 |
| 9 |
Paid-up
Equity Share Capital (Ordinary
share Rs.1/- each) |
156.59 |
156.59 |
156.59 |
| 10 |
Reserves
excluding Revaluation Reserves |
- |
- |
1211.22 |
| 11 |
Earning
per share (Basic and Diluted) |
0.78 |
0.64 |
3.09 |
| 12 |
Aggregate
of Non Promoting Shareholding |
|
|
|
| |
-
No of Shares |
44556395
|
44799380 |
44598595 |
| |
-
Percentage of Shareholding |
28.45% |
28.61% |
28.48% |
SEGMENT REPORTING
UNDER CLAUSE 41 OF THE LISTING
AGREEMENT
WITH STOCK EXCHANGE FOR THE QUARTER ENDED 30th JUNE 2004 |
| (Rs. in Millions) |
| |
Particulars |
Quarter
Ended 30.06.2004
(Unaudited) |
Quarter
Ended 30.06.2003
(Unaudited) |
Year
Ended 31.03.2004
(Audited) |
| 1 |
Segment
Revenue |
|
|
|
| a |
Automotive |
1194.94 |
906.54 |
4209.90 |
| b |
Non
Automotive |
109.88 |
71.21 |
410.77 |
| c |
Unallocated |
2.98 |
2.28 |
9.19 |
| |
Total |
1307.80 |
980.03 |
4629.86 |
| |
Less:
Inter Segment Revenue |
1.30 |
1.54 |
6.96 |
| |
Net
Sales/Income from Operations |
1306.50 |
978.49 |
4622.90 |
| |
|
|
|
|
| 2 |
Segment
Results |
|
|
|
| a |
Automotive |
154.39 |
145.15 |
647.49 |
| b |
Non
Automotive |
23.12 |
13.66 |
63.77 |
| |
Total |
177.51 |
158.81 |
711.26 |
| |
Less
i) Interest (Net) |
8.58 |
13.46 |
33.16 |
| |
ii)
Other unallocable expenditure
(Net of Unallocable Income)
|
(3.35) |
0.99 |
(2.93) |
| |
Total
Profit Before Tax |
172.28 |
144.36 |
681.03 |
| |
|
|
|
|
| 3. |
Capital
Employed |
|
|
|
| a |
Automotive |
2193.56 |
1766.20 |
2093.50 |
| b |
Non
Automotive |
146.92 |
90.99 |
137.40 |
| c |
Others
(including investments) |
(115.42) |
76.57 |
(74.10) |
| |
Total
Segment Capital Employed |
2225.06 |
1933.76 |
2156.80 |
| Notes |
| (i) |
The above financial
results were approved by Board
of Directors of the Company at
the meeting held on 22nd July
2004 |
| (ii) |
Statutory Auditors
have carried out a "Limited
Review" of the financial
results for the quarter ended
June 30, 2004. |
| (iii) |
In view of the
transfer of Elastomer Division
of the Company to a new Joint
Venture Company w.e.f. 01st June
2004, results are not strictly
comparable. |
| (iv) |
Investors Complaints
received and disposed off during
quarter ended June 30, 2004: |
(Nos.) |
| |
Complaints pending
at the beginning of the quarter |
3 |
| |
Complaints received
during the quarter |
8 |
| |
Disposal of complaints |
8 |
| |
Complaints lying
unresolved at the end of the
quarter |
3 |
| (v) |
Previous year figures
have been regrouped wherever
necessary. |
| |
By
Order of the Board of Directors
For Motherson Sumi Systems Limited |
| |
sd/- |
| |
V
C Sehgal
CHAIRMAN |
| |
Place:
Noida
Date: 22nd July 2004 |
UNAUDITED
CONSOLIDATED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH
JUNE 2004 |
| (Rs. in Millions) |
| |
Particulars |
Quarter Ended
30.06.2004
(Unaudited) |
Quarter Ended
30.06.2003
(Unaudited) |
Year Ended 31.03.2004
(Audited) |
| 1 |
Net
Sales/Income from Operations
Domestic Sale
Export Sale |
1724.48
1232.52
491.96 |
1230.73
949.83
280.90 |
5899.35
4384.12
1515.23 |
| 2 |
Other
Income |
12.79 |
15.07 |
71.43 |
| |
Net
Income (1+2) |
1737.27 |
1245.80 |
5970.78 |
| |
|
|
|
|
| 3 |
Total
Expenditure |
1416.92 |
990.08 |
4766.88 |
| a |
(Increase)/Decrease
in stock in trade |
(42.82) |
15.35 |
(83.69) |
| b |
Consumption
of Raw Materials |
983.66 |
605.45 |
3228.21 |
| c |
Staff Cost |
152.61 |
111.44 |
510.24 |
| d |
Other
Expenditure |
323.47
|
257.84 |
1112.12 |
| |
|
|
|
|
| 4 |
Interest
(Net) |
12.64 |
16.67 |
44.79 |
| 5 |
Depreciation |
73.66 |
62.41 |
304.15 |
| 6 |
Profit
before Tax
(1+2-3-4-5) |
234.05 |
176.64 |
854.96 |
| 7 |
Provision
for Taxation |
|
|
|
| |
- Current |
56.99 |
44.13
|
212.35 |
| |
- Deferred |
(0.26) |
1.67 |
(3.88) |
| 8 |
Profit
After Taxation before share of
Profit/(Loss) of associates and
minority interests ( 6-7) |
177.32 |
130.84 |
646.49 |
| 9 |
Share
of Profit/(Loss) of Associates |
0.77 |
0.66 |
2.54 |
| 10 |
Profit
After Taxation before Minority
Interests (8+9) |
178.09 |
131.50 |
649.03 |
| 11 |
Minority
Interests |
1.19 |
0.59 |
(3.35) |
| |
Net
Profit(10-11) |
176.90 |
130.91 |
652.38 |
| 12 |
Paid-up
equity share capital (Ordinary
share Re. 1/- each) |
156.59 |
156.59 |
156.59 |
| 13 |
Reserves
excluding Revaluation Reserves |
- |
- |
1253.94 |
| 14 |
Earning
per share
(Basic and Diluted) |
1.13 |
0.84 |
4.17 |
| 15 |
Aggregate
of non promoting shareholding |
|
|
|
| |
-
No of shares |
44556395 |
44799380
|
44598595 |
| |
-
Percentage of shareholding |
28.45% |
28.61% |
28.48% |
| Notes |
| (i) |
The above-consolidated
financial results were approved
by Board of Directors of the
Company at the meeting held on
22nd July 2004 |
| (ii) |
The consolidated
results for the quarter April
to June 2004 also includes the
results of subsidiary, WOCO Motherson
Elastomer Limited, to which the
Elastomer Division of the Company
has been transferred w.e.f. 01st
June 2004. |
| (iii) |
Previous year
figures have been regrouped wherever
necessary |
|
By Order of the Board Of
Directors
For Motherson Sumi Systems Ltd.
sd/-
V.C. Sehgal
Chairman
|
Place:
Noida
Date: 22nd July 2004 |
