Titanor Components DE NORA INDIA LIMITED
(formerly TITANOR COMPONENTS LIMITED)
Regd. Office : Plot nos. 184, 185 & 189, Kundaim Industrial Estate
Kundaim, Goa - 403 115

Unaudited Financial Results
for the quarter ended 31st March, 2008

(Rs. in Lakhs)
Particulars Quarter Ended Year Ended
  31.03.2008
(Unaudited)
31.03.2007
(Unaudited)
31.12.2007
(Audited)
  Gross sales / Income from Operations 514.38 632.34 2,368.86
Less : Excise duty 14.54 21.64 65.08
1. Net Sales / Income from Operations 499.84 610.70 2,303.78
2. Other Income 47.38 61.54 190.34
3. Total Income (1+2) 547.22 672.24 2,494.12
4. Total Expenditure      
a) Increase (-) / decrease in stock in trade and Work in progress (130.99) 33.26 22.45
b) Consumption of raw materials 228.41 108.25 489.71
c) Purchase of traded goods 0.55 17.24 18.01
d) Employees cost 69.78 60.18 246.56
e) Depreciation 19.06 18.73 105.55
f) Excise duty on intermediate, closing stock, sales tax, service tax etc 54.08 75.72 246.83
g) Provision for doubtful debts 63.95 - -
h) Other expenditure 201.71 123.28 765.48
i) Total 506.55 436.66 1,894.59
 
5. Interest 0.59 0.08 1.74
6. Exceptional Item - - -
7. Profit from ordinary activities before tax 40.08 235.50 597.79
8. Tax Expense (3) - (4+5+6)      
Current tax (including taxes for earlier years) 31.47 31.20 126.25
Deferred tax (21.07) 0.90 48.33
Fringe benefit tax 1.19 - 4.30
    
9. Net Profit from ordinary activities after tax (7 - 8) 28.49 203.40 418.91
10. Extraordinary items ( net of tax expense Rs Nil) - - -
11. Net Profit for the period (9 - 10) 28.49 203.40 418.91
12. Paid up equity share capital (Face value of share : Rs. 10) 555.51 555.51 555.51
13. Reserves excluding Revaluation Reserves as per Balance sheet of the previous accounting year - - 2,005.04
14. Earning per share (EPS)      
a) Basic and Diluted EPS for the year to date and for the previous year (not annualised) 0.51 3.66 7.54
15. Public Shareholding      
Number of Shares 2,436,077 2,435,877 2,436,077
Percentage of Shareholding 43.85 43.85 43.85

Notes:
1. The Company operates in a single business segment namely "Electrolytic Products".
2. The number of investor complaints received during the quarter, resolved and pending are:
Total number of grievances pending as at the beginning of the quarter : Nil
Total number of grievances received during the quarter : Nil
Total number of grievances disposed off during the quarter : Nil
Total number of grievances pending as at the end of the quarter: Nil
3. The figures for the previous periods have been regrouped wherever necessary.
4. The Company has tightened its norms on bad and doubtful debts provisioning. As a result there has been an additional provision of Rs. 63.95 lacs.
5. The above results have been reviewed by the Audit Committee and taken on record at the meeting of the Board of Directors held on April 29, 2008 and have been subjected to limited review by the Auditors.


Date: 29th April, 2008
Place: Kundaim, Goa
For DE NORA INDIA LIMITED
Sd/-
S. C. Jain
Managing Director


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