AFRDec312002

7/30/2019 AFRDec312002

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RAIN CALCINING LIMITED6-3-571/2, Floor 2, "Rockvista", Rockdale Estate, Somajiguda, Hyderabad 500 082.

Audited Financial Results for the quarter/period ended December 31, 2002(Rs. in lakhs)

3 Months Ended December 31 9 Months ended December 31 Year ended

1. Net Sales/Income from Operations 7,046 5,297 23,114 20,217 29,1572. Other Income (including insurance claims) 48 86 116 139 130

Total Income 7,094 5,383 23,230 20,356 29,287

3. Total Expenditure 5,022 3,574 17,028 14,785 21,797

(a) (Increase)/Decrease in stock (970) (1,197) (847) (371) (228)

(b) Materials Consumed 5,058 3,793 13,833 11,993 17,011

(c) Staff Cost 109 92 348 282 368

(d) Other Expenditure 825 886 3,694 2,881 4,646

4. Interest 575 786 1,812 2,750 3,264

5. Depreciation and amortization 506 503 1,516 1,564 2,007

6. Profit before Tax 991 520 2,874 1,257 2,219

7. Provision for Current Year's Taxation 31 - 137 - -

8. Provision for Deferred Taxation 105 19 315 55 648

9. Net Profit 855 501 2,422 1,202 1,571

10. Paid up Equity Share Capital (Face value Rs.10/-) 12,949 12,949 12,949 12,949 12,949

11. Reserves excluding Revaluation Reserve 123 123 123 123 123

12. Basic Earnings per share (Not annualized) - Rs. 0.66 0.39 1.87 0.93 1.2113. Aggregate of Non Promoter Shareholdings:

- Number of Shares (in lakhs) 579.13 579.13 579.13 579.13 579.13

- Percentage of Shareholding 44.72 44.72 44.72 44.72 44.72

Segment wise Revenue, Results and Capital Employed for the quarter ended/period December 31, 2002

(Rs. in lakhs)

3 Months Ended December 31 9 Months ended December 31 Year ended

1. Segment Revenue:

(a) Calcined Petroleum Coke 3,633 2,346 14,000 11,311 16,856

(b) Power 3,134 2,877 8,392 8,994 12,317

(c) Trading Division 366 154 962 154 312

Total 7,133 5,377 23,354 20,459 29,485

Less: Inter segment revenue 87 80 240 242 328

Net Sales/Income from Operations 7,046 5,297 23,114 20,217 29,1572. Segment Results:

Profit (before tax and interest from each segment)

(a) Calcined Petroleum Coke 443 330 2,166 1,432 2,446

(b) Power 950 950 2,148 2,328 3,983


Total 1,456 1,300 4,531 3,780 6,479

Less: Interest (net) 350 647 1,263 2,143 2,659

Less: Unallocable expenditure 115 133 394 380 1,601

Total Profit before tax 991 520 2,874 1,257 2,219

3. Segment Capital Employed:

(a) Calcined Petroleum Coke 5,238 3,705 5,238 3,705 2,929

(b) Power 6,957 5,424 6,957 5,424 7,011


(d) Unallocable assets less liabilities 259 3,918 259 3,918 2,908

Total 13,072 13,072 13,072 13,072 13,072Notes:

1. Figures of the corresponding previous quarter/period have been regrouped wherever necessary.

2. The same accounting policies are followed in the interim financial statements for the quarter ended December 31, 2002 as those

followed for the annual financial statements for the year ended March 31, 2002.

3.

4. The above results were reviewed by the Audit Committee and approved by the Board of Directors in its meeting held on January 25, 2003.

Hyderabad N. JAGAN MOHAN REDDY

January 25, 2003 Managing Director

S #

By Order of the Board

2001 March 31, 20022002

S #

2002Particulars

Particulars

2001

Andhra Pradesh Electricity Regulatory Commission (APERC) vide its order dated March 24, 2002, determined that, effective April 1, 2002, the private

power generators shal l pay the wheeling charges at 28.4% in kind and 50 paise in cash per unit of the energy wheeled as against the wheeling

charges of 15% to 20% (depending upon the voltage level of the consumer) in kind of the energy wheeled as provided in the Modif ied Power

Wheeling and Purchase Agreement dated November 4, 1994 between the Company and Andhra Pradesh State Electricity Board (now APTransco).

The Company has disputed the said order before the Hon'ble High Court of Andhra Pradesh and as the matter is subjudice, the disputed differential

wheeling charges estimated at Rs.2,212.10 lakhs up to December 31, 2002 is treated as contingent liability.

2002 2001 2002 2001 March 31, 2002

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AFRDec312002