UNAUDITED FINANCIAL RESULTS FOR FOR THE QUARTER ENDED 30TH JUNE 2011

(Rs.in crores)
    Quarter Ended Period Ended
  Particulars Reviewed Audited
    30.06.11 30.06.10 31.03.11
1 Gross Sales 76.17 80.36 423.23
  Less: Excise Duty 7.07 7.04 36.66
  Net Sales 69.10 73.32 386.57
2 Other Operating Income                                                   0.52 0.69 3.04
3 Total Income  69.62 74.01 389.61
4 Expenditure      
  a)  (Increase) / Decrease in Stock in trade and work in progress (30.36) (43.35) (41.19)
  b)  Consumption of Raw Materials        71.07 82.97 311.09
  c)  Power & Fuel 11.06 9.21 38.56
  d)  Employees Cost 3.64 3.41 14.64
  e) Depreciation 0.65 0.78 2.85
  f) Other Expenditures 11.45 15.71 50.30
  g) Total 67.51 68.73 376.25
5 Profit from operations before other income 2.11 5.28 13.36
  & interest      
6 Other Income                                                   0.92 0.02 0.02
7 Profit before interest 3.03 5.30 13.38
8 Interest & financial charges 2.03 1.41 7.03
9 Profit after interest  1.00 3.89 6.35
10 Tax expense 0.01          --- 0.02
11 Minimum alternate tax(MAT)          ---          --- 0.09
12 MAT Credit Entitlement          ---          --- (0.09)
13 Net Profit from ordinary activities after tax 0.99 3.89 6.33
14 Extraordinary Income/(Expense)          ---          --- (5.85)
15 Net Profit for the period 0.99 3.89 0.48
16 Paid-up Equity Share Capital (Rs.10 per share) 89.14 71.14 71.14
17 Reserves excluding Revaluation Reserves          ---          ---          ---
18 Earning Per Share (Rs.) - Basic &  Diluted(not annualised)      
  a) before extraordinary items 0.14 0.55 0.89
  b) after extraordinary items 0.14 0.55 0.07
19 Public Shareholding      
  -  Number of Shares  30411016 30411646 30411016
  - Percentage of  Shareholding             34.12 42.76 42.75
20 Promoters and Promoter Group Shareholding:      
  (I) Pledged/ Encumbered      
  -   Number of Shares 15125000 15125000 15125000
  -   Percentage of Shares (as a % of the total shareholding of  25.76 37.15 37.15
       Promoter & Promoter Group)      
  -   Percentage of Shares ( as a % of the total share capital  16.97 21.26 21.26
       of the company)      
  (ii) Non-encumbered      
  -   Number of Shares 43597105 25596475 25597105
  -   Percentage of Shares (as a % of the total shareholding of  74.24 62.85 62.85
       Promoter & Promoter Group)      
  -   Percentage of Shares ( as a % of the total share capital of the company) 48.91 35.98 35.99

 Notes: 

  1. Since the company has carried forward losses, the deferred tax assets have not been recognised considering the principle of virtual certainity as  stated in the AS-22 Accounting for Taxes on Income.
  2. Tax provision if any will be made at year end.
  3. During the quarter  7  investor complaints  were  received, which were resolved by the company. 
  4. These results have been taken on record by the Board of Directors at the meeting held on 12th  August 2011
 For Pasupati Acrylon Limited
Dated: 12th August 2011
Place :New Delhi		 Vineet Jain
Managing Director