UNAUDITED FINANCIAL RESULTS (REVIEWED) FOR THE QUARTER ENDED 30TH SEPTEMBER,2007

(Rs.in crores)
    QUARTER ENDED SIX MONTHS ENDED AUDITED YEAR ENDED
  Particulars 30.09.07 30.09.06 30.09.07 30.09.06 31.03.07
1 Net Sales 69.27 81.17 141.33 154.98 316.56
2 Other Income                                                   1.10 0.97 3.96 2.21 4.77
3 Total Income  70.37 82.14 145.29 157.19 321.33
4 Expenditure          
    a)  (Increase) / Decrease in Stock (8.19)         (5.47)       (16.06) (5.15) (7.25)
    b)  Consumption of Raw Materials       # 58.63 64.63 116.86 120.68 247.60
    c)  Power & Fuel 6.98 7.74 14.78 15.11 29.57
    d)  Employees Cost 2.70 2.66 5.13 4.98 9.58
    e) Depreciation 2.66 2.65 5.32 5.30 10.63
    f) Other Expenditures 6.37 7.11 13.68 13.97 28.85
    g) Total 69.15 79.32 139.71 154.89 318.98
5 Interest 2.08 2.20 4.10 4.22 8.23
6 Exceptional Income          ---          ---          ---          --- 0.95
7 Profit / (Loss) before tax        (0.86)          0.62         1.48         (1.92)          (4.93)
8 Provision for taxation (incl.fringe benefit tax) 0.06 0.04 0.11 0.08 0.21
9 Net Profit/ (Loss)        (0.92)          0.58         1.37         (2.00)          (5.14)
10 Paid-up Equity Share Capital (Rs.10 per share) 71.14 71.14 71.14 71.14 71.14
11 Reserves excluding Revaluation Reserves          ---          ---          ---          ---          ---
12 Earning Per Share (Rs.) - Basic &  Diluted          
  a) before extra ordinary items        (0.13)          0.08         0.19         (0.28)          (0.86)
  b) after extra ordinary items        (0.13)          0.08         0.19         (0.28)          (0.72)
13 Public Shareholding          
  -  Number of Shares  30417096 30417546 30417096 30417546 30417096
  - Percentage of  Shareholding             42.76 42.76 42.76 42.76 42.76
# Net of exchange difference Gain/(Loss) Rs.0.83 Crs in Q2 07, Rs.(0.21) Cr in Q2 06 & Rs.1.54 Cr. in FY 2006-07

 Notes:

  1. The Net Deferred Tax Assets of Rs.21.03 Crores as on 31.03.2007 has not been recognised  in  view  of uncertainity of  its  realisation  as  recommended under AS-22 on 'Deferred Taxation' issued by ICAI.
  2. During the quarter 20 investor complaints  were  received, which were attended by the company.  No investor complaints were pending either at the beginning or at the end of the quarter.
  3. Figures have been regrouped wherever considered necessary.
  4. Implementation of AS-15,as revised, for leave encashment, will be taken up at the close of the year.5 These results have been taken on record by the Board of Directors at the meeting held on 31st  October, 2007.
On Behalf Of Board of Directors
 Dated:   31st October, 2007 
Place: New Delhi		     Vineet Jain
Managing Director

Multi Dimentional Product

Company Profile

 Global Market Place World - Class Technology

Focus on Human Resources

Corporate Commitment

 Hydrolon Micro Denier

Raw Materials

Characteristics

 R & D Pollution Free HRD Technology Upgradation

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