UNAUDITED FINANCIAL RESULTS (REVIEWED) FOR THE QUARTER ENDED 30TH SEPTEMBER,2008

(Rs.in crores)
    QUARTER ENDED SIX MONTHS ENDED YEAR ENDED(AUDITED)
  Particulars 30.09.08 30.09.07 30.09.08 30.09.07 31.03.08
1 Gross Sales 71.93 74.56 162.78 152.50 355.40
  Less: Excise Duty 5.20 5.29 12.13 11.17 26.08
  Net Sales 66.73 69.27 150.65 141.33 329.32
2 Other operating Income                                                   0.85 1.06 1.32 3.92 4.64
3 Total Income  67.58 70.33 151.97 145.25 333.96
4 Expenditure          
    a)  (Increase) / Decrease in Stock in trade and work in progress (13.16)         (8.19)       (29.47) (16.06) 3.92
    b)  Consumption of Raw Materials        59.54 58.63 135.40 116.86 247.23
    c)  Power & Fuel 8.01 6.98 17.49 14.78 30.69
    d)  Employees Cost 2.74 2.70 5.54 5.13 10.36
    e) Depreciation 2.54 2.66 4.93 5.32 10.37
    f) Other Expenditures 12.21 6.37 22.77 13.68 26.71
    g) Total 71.88 69.15 156.66 139.71 329.28
5 Profit/(Loss) from operations before other income & interest  (4.30) 1.18 (4.69) 5.54 4.68
6 Other Income                                                   0.01 0.04 0.01 0.04 0.04
7 Profit/(Loss) before interest (4.29) 1.22 (4.68) 5.58 4.72
8 Interest 2.66 2.08 5.11 4.10 8.72
9 Profit/(Loss) after interest         (6.95)         (0.86)        (9.79)          1.48            (4.00)
10 Tax expense 0.08 0.06 0.13 0.11 0.21
11 Net Profit/ (Loss) from ordinary activities after tax        (7.03)         (0.92)        (9.92)          1.37            (4.21)
12 Paid-up Equity Share Capital (Rs.10 per share) 71.14 71.14 71.14 71.14 71.14
13 Reserves excluding Revaluation Reserves          ---          ---          ---          ---          ---
14 Earning Per Share (Rs.) - Basic &  Diluted        (0.99)         (0.13)        (1.39)          0.19            (0.59)
15 Public Shareholding          
  -  Number of Shares  30417096 30417096 30417096 30417096 30417096
  - Percentage of  Shareholding             42.76 42.76 42.76 42.76 42.76
 
 Notes:
  1. 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. During  the current quarter/half year, the company has incurred  Exchange loss of Rs.4.19Crores/Rs.6.12Crores as against  Exchange Gain of Rs.0.83 Crores/Rs.3.37 Crores in the corresponding period.
  3. During the quarter 22 investor complaints  were  received, which were attended by the company. 
  4. Figures have been regrouped wherever considered necessary.
  5. These results have been taken on record by the Board of Directors at the meeting held on 31st  October, 2008.
On Behalf Of Board of Directors
Dated: 31st October, 2008 
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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