Orchid Chemicals & Pharmaceuticals Ltd
Unaudited Financial Results for three months ended June 30, 2003
       
(Rs.Lakhs)
Sl No Particulars
Three months ended
June 30, 2003
(Unaudited)
Three months ended
June 30, 2002
(Unaudited)
Year ended March 31, 2003
(Audited)
1
 Sales and Operating Income
17292.07
10683.50
54141.43
2
 Other Income
49.89
2.60
111.38
3
 Total Expenditure
14033.28
8477.70
43289.70
a) Decrease/(Increase) in Stock in trade
(1176.04)
(131.22)
(4702.99)
b) Consumption of raw materials
10567.38
5570.54
31910.92
c) Staff Cost
960.41
729.01
3403.16
d) Other Expenditure
3681.53
2317.37
12678.61
4
Profit before Interest, Depreciation & Tax (1+2-3)
3308.68
2208.40
10963.11
5
 Interest and Finance Charges
1108.70
756.62
4207.69
6
 Depreciation
1380.06
1022.76
4030.71
7
 Profit before tax (4-5-6)
819.92
429.02
2724.71
8
 Provision for Taxation
63.09
138.27
770.65
9
 Net Profit (7-8)
756.83
290.75
1954.06
10
 Paid- up Equity Share Capital (Face value of Rs. 10 each)
3238.19
2799.92
3238.19
11
 Reserves excluding Revaluation Reserves
36990.13
12
 Basic & Diluted Earnings per Share (Rs.)
2.34*
1.04*
6.61
* EPS is for the period (not annualised)  
         
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs.Lakhs)
Particulars
Three months ended
June 30, 2003
Three months ended
June 30, 2002
Year ended
March 31, 2003
1. Segment Revenue    
a. Bulk
15302.69
9724.73
50066.25
b. Formulations
2781.73
1186.51
6346.07
Total
18084.42
1091.24
56412.32
Less: Inter segment revenue
792.35
227.74
2270.89
Net Sales / Income from Operations
17292.07
10683.50
54141.43
 
 
2. Segment Results
a. Bulk
1641.52
1196.60
7315.15
b. Formulations
237.21
(13.56)
(452.40)
Total
1878.73
1183.04
6862.75
Less:
i) Interest (Net)
1108.70
756.62
4207.69
ii) Other unallocable expenditure net of unallocable income
(49.89)
(2.60)
(69.65)
Total Profit Before Tax
819.92
429.02
2724.71
 
3. Capital Employed
a. Bulk
102305.04
76741.71
98935.81
b. Formulations
9587.21
2823.36
9350.00
Total
111892.25
79565.07
108285.81
 
  1. The above financial results were taken on record by the Board of Directors at its meeting held on Thursday, July 24, 2003.
  2. Previous period figures have been regrouped, wherever necessary.
  3. The provisions of Income Tax Act, 1961 relating to EOU's have been amended on May 8, 2003. Pursuant to this, the deferred tax iability for the quarter has been adjusted against deferred tax assets available.
  4. The Company received 20 complaints during the quarter ended June30, 2003 from the shareholders, all the complaints have been resolved and no complaints were pending as on June 30, 2003.

Place : Chennai
Date : 24-July-2003

For and on behalf of the Board

K.Raghavendra Rao
Managing Director