AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2007(Rs.in lacs)
Sr.No.
Particulars
Nine months ended 31.12.06
(Unaudited)
Quarter ended 31.03.07
(Audited)
Quarter ended 31.03.06
(Audited)
Year ended 31.03.07
(Audited)
Year ended 31.03.2006 (Audited)
1
Gross Sale/Operating Income
Less Excise Duty
70036.89
21294.53
12173.32
91331.42
48656.60
112.97
24.42
12.14
137.39
123.40
2
Net Sales/Income from Operation
69923.92
21270.11
12161.18
91194.03
48533.20
3
Other Income
622.41
237.38
364.14
859.79
1732.80
4
Total Expenditure
a) (Increase)/Decrease in stock in trade
(1199.32)
110.15
(555.65)
1089.17
(387.78)
b) Consumption of raw materials
35534.20
10753.99
6565.74
46288.19
26534.36
c) Staff Cost
4738.65
1748.25
1005.53
6486.90
3766.31
d) Other Expenditure
17192.50
4838.21
3038.48
22030.71
12753.64
5
Interest
1270.62
562.90
297.64
1833.52
848.19
6
Depreciation
5393.68
1803.47
1152.76
7197.15
3719.08
7
Depreciation of earlier yearswritten back
--
--
796.42
--
(796.42)
8
Profit before Tax
7616.00
1690.52
1817.24
9306.52
3828.62
9
Provision for Taxation includingFringe benefit tax
2011.19
713.81
240.00
2725.00
400.00
10
Deferred Tax Liability/Assets(-/+)
+3.80
158.80
-250.00
155.00
-425.00
11
Adjustment of Income Tax
+2.08
--
--
+2.08
179.82
12
Net Profit
5610.69
817.91
1327.24
6428.60
2823.80
13
Paid up Equity Share Capital
1803.27
1803.27
1669.56
1803.27
1669.56
14
Reserves excluding revaluation
Reserves
50133.44
57824.24
15
Earning per share (Rs.) Basic
15.56
2.27
7.23
17.82
16.91
Diluted
15.56
2.27
7.16
17.82
16.78
Face Value (Paid-up)
Rs.5/-
Rs.5/-
Rs.10/-
Rs.5/-
Rs.10/-
16
Aggregate of Non-Promoter
Shareholding
No. of Shares
14767099
14767099
7140556
14767099
7140556
%age of Shareholding
40.95
40.95
42.43
40.95
42.43
NOTES:
1
The current year results includes operating results of the 'Textile Business' of Nahar Exports Limited and excludes the operating results of the 'Investment Activities' which stand demerged and transferred to Nahar Capital and Financial Services Limited w.e.f. 1st April, 2006 as per Scheme of Demerger and Arrangement approved by the Hon'ble Punjab & Haryana High Court vide its Order dated 21st Dec., 2006. Hence the results are not comparable with the corresponding figures of the previous year.
2
The Board has recommended Dividend @50% on the equity share capital for the financial year 2006-2007.
3
In segmentwise Revenue results, Inter Unit Segment Revenue of Rs.6451.19 lakhs for the year ended 31st March 2007, consist of Yarn, Revenue of Rs.5913.34 lacs and Garment Revenue of Rs.537.85 lacs.
4
The figures for the previous periods have been regrouped whereever necessary.
5
There were no investors complaint pending at the begining of the Quarter. During the quarter company received 2 complaints which have been replied/resolved. None of the complaint is pending at the end of the quarter.
6
The above results have been reviewd by Auditors, Audit Committee and were taken on record by the Board at its meeting held on 4th June, 2007.
SEGMENT-WISE REVENUE RESULTS AND CAPITAL EMPLOYED FOR THE YEAR ENDED 31ST MARCH,2007 (Rs.in lacs)
Sr.No.
Particulars
Nine months ended 31.12.2006
(Unaudited)
Quarter ended 31.03.2007
(Audited)
Quarter ended 31.03.2006
(Audited)
Year ended 31.03.2007
(Audited)
Year ended 31.03.2006
(Audited)
1
a) Yarn
58063.10
19193.64
8391.01
77256.74
28511.11
b) Garments
16383.08
4142.79
3994.84
20525.87
21398.11
Total
74446.18
23336.43
12385.85
97782.61
49909.22
Less: Inter Segment Revenue
4409.29
2041.90
212.53
6451.19
1252.62
Net Revenue
70036.89
21294.53
12173.32
91331.42
48656.60
2
Segment Results (Profits/ (Loss) before tax andinterest from each segment)
a) Yarn
6686.74
1965.01
838.10
8651.75
1911.38
b) Garments
2146.00
346.39
191.89
2492.39
620.16
c) Prev.years dep. Written back
---
---
796.42
---
796.42
Total
8832.74
2311.40
1826.41
11144.14
3327.96
Less:
a) Interest
1270.62
562.90
297.64
1833.52
848.19
b) Other Un-allocable expenditure net off unallocable Income
-53.88
57.98
-288.47
4.10
-1348.85
Total Profit before tax
7616.00
1690.52
1817.24
9306.52
3828.62
3
Capital Employed(Segment AssetsSegment Liabilities)
a) Yarn
45759.63
91962.51
40561.55
91962.51
40561.55
b) Garments
12097.91
14174.21
17694.03
14174.21
17694.03
PLACE:LUDHIANA
DATED:04.06.2007
FOR NAHAR SPINNING MILLS LIMITED
Sd/-
DINESH OSWAL
MG. DIRECTOR