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| Un-Audited-Financial |
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UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER ENDED 30th June, 2007 |
(Rs.
in Lakhs) |
| SI.No. |
Particulars |
Three months ended June 30 |
Year
ended on 31st March, 2007
(Unaudited) |
| |
|
2007 |
2006 |
2007 |
|
|
Income: |
|
|
|
|
1. |
Operating Income |
31,944 |
27,784 |
145,225 |
| 2. |
Proportionate portion in construction work in
Jointly Controlled Entity (JCE) |
251 |
102 |
522 |
|
|
|
32,195 |
27,886 |
145,747 |
| 3.
|
Other Income |
1,191 |
1,036 |
6,592 |
| |
Total
Gross Income |
33,386 |
28,922 |
152,339 |
|
4. |
Expenditure |
|
|
|
|
|
(a) Increase/decrease in stock in trade |
NA |
NA |
NA |
|
|
(b) Consumption of Raw Material |
NA |
NA |
NA |
|
|
(c) Work expenses |
27,015 |
22,907 |
123,262 |
|
|
(d) Staff cost |
1,650 |
1,510 |
7,405 |
|
|
(e) Other expenditure |
1,788 |
1,480 |
8,813 |
|
5. |
Interest |
- |
- |
- |
|
6. |
Depreciation |
645 |
492 |
2,329 |
|
7. |
Proportionate portion in construction work in J.C.E.
|
276 |
101 |
412 |
|
|
TOTAL EXPENDITURE |
31,374 |
26,490 |
142,221 |
|
8. |
Profit Before Tax (PBT) |
2,012 |
2,432 |
10,118 |
|
9. |
Provision for taxation |
|
|
|
|
|
Current Tax |
522 |
670 |
2,766 |
|
|
Fringe Benefits Tax |
18 |
15 |
69 |
|
|
Deferred Tax |
35 |
(13) |
63 |
|
10. |
Net profit (PAT) |
1,437 |
1,760 |
7,220 |
|
11. |
Paid-up Equity Share Capital
(Face Value of the share is Rs. 10/-) |
990 |
990 |
990 |
|
12. |
Reserves (excluding revaluation reserves) |
- |
-
|
- |
|
13. |
Basic
and Diluted EPS (Rupees) |
14.52 |
17.78 |
72.94 |
|
14. |
Aggregate of Non-Promoter shareholding |
|
|
|
|
|
-Number of shares |
26,800 |
26,800 |
26,800 |
|
|
-Percentage of shareholding |
0.27% |
0.27% |
0.27% |
|
15. |
Dividend Paid
- Paid |
|
|
|
|
|
- Interim |
|
|
203% |
|
|
|
1. |
SEGMENT
REVENUE |
|
|
|
|
Domestic projects |
28,372 |
25,036 |
130,990 |
|
International projects |
3,823 |
2,851 |
14,757 |
|
Income from Operations ( incl. company's
share in J.C.E. ) |
32,195 |
27,887 |
145,747 |
|
Less: Inter Segment Revenue |
- |
- |
- |
|
Total Sales/Income from operations |
32,195 |
27,887 |
145,747 |
| 2.
|
SEGMENT
RESULTS (Profit Before Interest & Tax) |
|
|
|
|
Domestic Projects |
1,543 |
1,409 |
8,035 |
|
|
International projects |
213 |
706 |
1,757 |
|
Total Segment Results |
1,756 |
2,115 |
9,792 |
|
Less: Interest Expenses |
- |
- |
- |
|
Less: Other unallocable expenditure net off unallocable
income |
(256) |
(317) |
(326) |
|
Total Profit Before Tax |
2,012 |
2,432 |
10,118 |
|
3. |
CAPITAL
EMPLOYED (Segment Assets Less Liabilities) |
|
|
|
|
Domestic projects |
(2,630) |
22,108 |
(3,154) |
|
International projects |
7,734 |
18,315 |
7,687 |
|
others |
82,818 |
43,249 |
82,705 |
|
|
|
|
|
|
Total Capital Employed |
87,922 |
83,672 |
87,238 |
|
|
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1.
The Company has followed the Accounting Policies
and Accounting Standards as specified in the
Annual Accounts of 2006-07. Deferred Iraqi dues
and Interest receivable/payable thereon are
continued to be
translated on the basis of last settlement rates
with Government of India as against TT buying
rate due to uncertainty of the timing of realisation. |
|
2.
No
investor complaint has been received before, during
or as at the end of the Quarter in question or thereafter
till date. |
|
3.
"Proportionate portion" in JCE denotes
IRCON's
participating interest in an unincorporated JV formed
for joint execution of Projects. |
|
4.
During the period from 1st April, 2007 to 30th June, 2007, the
Company has invested with approval of BOD u/s
372A of the Companies Act, 1956, Rs.550 Lakhs towards equity participation
in the Joint Venture Company , IRCON-SOMA Tollway Private Limited incorporated in India and Rs.
511 lakhs towards shareholder's loan in Joint
Venture Company, Companhia dos Caminhos de Ferro da
Beira S.A.R.L. (CCFB) incorporated in Mozambique. |
|
5.
The above results have been taken on record by the
Board of Directors at its meeting held on 30th
July, 2007 after a review by Audit Committee. The
results are subject to a limited review
by statutory auditors (pursuant to clause 41 of
Listing Agreement). |
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