Manali Petro Chemical
MANALI PETROCHEMICAL LTD
Regd.Office: SPIC HOUSE, 88, MOUNT ROAD, GUINDY, CHENNAI - 600 032
Principal Office: Ponneri High Road, Manali, Chennai - 600 068.
UNAUDITED FINANCIAL RESULTS (PROVISIONAL)
FOR THE SECOND QUARTER ENDED 30th SEPTEMBER, 2007
            (Rs.in lakhs)
   
UNAUDITED
AUDITED
   
Quarter
Quarter
Half Year
Half Year
For the 
Sl.No. Particulars
ended
ended
ended 
ended 
year ended
   
30.09.2007
30.09.2006
30.09.2007
30.09.2006
31.03.2007
   
1 Sales / Income from Operations
9417.61
8509.70
18591.09
18877.11
36433.52
2 Excise Duty on Sales
1147.07
1160.34
2309.48
2575.01
4915.32
3 Net Sales (1-2)
8270.54
7349.36
16281.61
16302.10
31518.20
4 Other Income
161.12
32.81
250.43
61.23
221.09
  Total 
8431.66
7382.17
16532.04
16363.33
31739.29
5 Total Expenditure
8268.96
6955.81
16022.53
15370.82
29565.17
  a) (Increase) / decrease in stock in trade and work in progress
638.62
(271.35)
754.61
319.31
(770.03)
  b) Consumption of raw materials
4331.78
4987.73
9307.84
10302.81
20617.07
  c) Purchase of traded goods
1349.68
(25.87)
1943.94
320.06
1132.78
  d) Employees cost
258.16
251.44
566.85
510.40
1094.17
  e) Power, Fuel and Water
961.29
1017.09
1906.00
2061.38
3785.18
  f) Depreciation
252.01
258.25
510.12
516.20
1031.84
  g) Other expenditure
477.42
738.52
1033.17
1340.66
2674.16
6 Interest (net)
(1.86)
(44.61)
5.45
(63.81)
(131.18)
7 Deferred Revenue Expenditure written off
7.32
13.76
14.64
27.52
44.74
8 Profit before tax (3+4-5-6-7)
157.24
457.21
489.42
1028.80
2260.56
9 Provision for taxation - Current Tax
90.14
51.30
277.79
115.43
254.41
                                  MAT Credit Availment
(51.30)
(115.43)
(240.48)
                                  Deferred Tax (Asset)/Liability
(60.47)
179.98
(158.59)
388.98
740.71
                                  Fringe Benefit Tax
2.11
1.56
2.93
3.06
6.87
10 Profit after tax  (8-9)
125.46
275.67
367.29
636.76
1499.05
11 Paid-up equity share capital
8603.47
8603.47
8603.47
8603.47
8603.47
12 Face value of each Share (Rs.)
5.00
7.50
5.00
7.50
5.00
13 Reserves excluding revaluation reserves
91.45
14 Credit balance in Profit & Loss account
2916.08
15 Basic and diluted EPS (Rs.)
0.07
0.24
0.21
0.56
0.87
16 Aggregate of Public Shareholding:
       - Number of Shares
106120726
70755451
106120726
70755451
106120726
       - Percentage of Shareholding
61.71%
61.71%
61.71%
61.71%
61.71%
Notes:          
1 The above results were approved at the Meeting of the Board of Directors held on  29th October, 2007 and have been subjected to a limited review by the auditors of the Company.
2 The Company operates only in one busines Segment, viz.,Petrochemicals.
3 Pursuant to  the  resolution passed by the shareholders at the AGM held on 19th August, 2006,  the paid-up Equity Shares of Rs.7.50 per share have been consolidated and sub-divided into equity shares of Rs.5 each w.e.f. 7th October, 2006. The EPS on the face value of shares of Rs.5 each would be as follows:
  Particulars
UNAUDITED
UNAUDITED
AUDITED
Quarter
Quarter
Half Year
Half Year
For the 
 ended  ended  ended  ended year ended
30.09.2007 30.09.2006 30.09.2007 30.09.2006 31.03.2007
  Basic and diluted EPS (Face value of Share Rs.5 each) (Rs.) 0.07 0.16 0.21 0.37 0.87
4 The company had no investor complaints pending as on 30th June 2007. The company  received  73 complaints during the second quarter ended 30th September,2007 which were disposed off as on 30th September, 2007.
5 The revised Accounting Standard (AS) 15 "Employee Benefits" issued by the Institute of Chartered Accountants of India which became effective from 1st April, 2007 has been complied with and there is no significant impact for the current quarter. The adjustments on account of transitional provision will be dealt with in revenue reserves at the year-end.
6 Works on Captive Power Plant Project have commenced and are in progress.
7 Previous period figures have been regrouped/reclassified wherever necessary.
Place: Chennai
Date : 29th October, 2007		 For MANALI PETROCHEMICAL LTD.
G RAMACHANDRAN
MANAGING DIRECTOR