Quarterly Performance Report

1st Quarter Financial Results (April 2015 to June 2015)
Sl. No. Particulars Three Months Ended 30th Jun 2015 (Unaudited) Three Months Ended 31st Mar 2015 (Audited) Three Months Ended 30th June 2014 (Unaudited) Twelve Months Ended 31st Mar 2015 (Audited)
(1) (2) (3) (4) (5) (6)
1 Income from operations        
(a) Net Sales/Income from operations (Net of excise duty) 234.48 254.12 293.34 1004.83
(b) Other Operating Income 1.90 2.41 3.56 10.71
  Total income from operations (net) 234.48 256.53 296.9. 1015.54
2 Expenses
(a) Cost of materials consumed 3.80 0.66 15.87 30.64
(b) Changes in inventories of finished goods,work-in-progress and stock-in-trade (33.54) 10.43 21.81 (14.37)
(c) Cost of stores, spares & tools consumed 25.03 24.09 25.10 96.68
(d) Employees benefit expense 97.12 51.68 100.99 329.63
(e) Consumption of power & fuel 41.91 48.05 43.78 176.10
(f) Depreciation & amortization expense 26.54 31.10 27.19 112.85
(g) Other Expenditure  66.79 70.40 64.22 269.78
  Total expenses 227.65 236.41 298.96 1001.31
3 Profit from Operations before other income, finance costs and exceptional Items (1-2) 8.73 20.12 (2.06) 14.23
4 Other income 10.35 16.18 18.04 66.90
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 19.08 36.30 15.98 81.13
6 Finance costs 0.16 0.27 0.18 0.68
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 18.92 36.03 15.80 80.45
8 Exceptional Items 0.00 0.00 0.00 0.00
9 Profit from ordinary activities before tax (7+8) 18.92 36.03 15.80 80.45
10 Tax expense - Current 8.90 13.83 7.48 31.63
    -Deferred (4.55) (4.40) (4.88) (18.78)
11 Net Profit from ordinary activities after tax (9-10) 14.57 26.60 13.20 67.60
12 Extraordinary items 0.00 0.00 1.39 0.00
13 Net Profit for the period (11-12) 14.57 26.60 13.20 67.60
14 Paid-up equity share capital
(Face Value Rs. 5/- Per Share)
462.61 462.61 462.61 462.61
15 Reserve excluding  Revaluation  Reserves as per balance sheet of previous accounting year - - - 1398.93
16. i Earnings per share (before extraordinary items)
  - Basic (Rs) 0.16 0.29 0.14 0.73
   - Diluted (Rs) 0.16 0.29 0.14 0.73
16. ii Earnings per share (after extraordinary items)
  - Basic (Rs) 0.16 0.29 0.14 0.73
   - Diluted (Rs) 0.16 0.29 0.14 0.73
A PARTICULARS OF SHAREHOLDING
1 Public Shareholding
  - Number of shares 92999541 92999541 92999541 92999541
  - Percentage of  shareholding 10.05 10.05 10.05 10.05
2 Promoters and Promoter Group shareholding
  a) Pledged/Encumbered
  - Number of shares NIL NIL NIL NIL
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) N.A. N.A. N.A. N.A.
  - Percentage of shares (as a % of the total share capital of the company) N.A. N.A. N.A. N.A.
  b) Non-encumbered
  - Number of shares 832218459 832218459 832218459 832218459
  - Percentage of shares (as a % of the total shareholding of promoter and promoter group) 100% 100% 100% 100%
  - Percentage of shares (as a % of the total share capital of the company) 89.95% 89.95% 89.95% 89.95%
B INVESTOR COMPLAINTS
  Pending at the beginning of the quarter Nil
  Received during the quarter Nil
  Disposed of during the quarter Nil
  Remaining unresolved at the end of the quarter Nil
  Notes:-

1) These results have been reviewed by Audit Committee and approved by Board in their meetings held on 11th August,2015.

2) The company, a vertically integrated copper producer, is primarily engaged in the business of mining and processing of copper ore to produce refined copper metal, which has been grouped as a single segment in the above disclosures. The said treatment is in accordance with the Accounting Standard on "Segment Reporting (AS-17)".

3) Pending initiation of proposal and approval by Administrative Ministry vis-a-vis certain clauses of Memorandum of Understanding (MoU) entered into between the management and workmen regarding wage revision w.e.f. 01st November, 2012 needed to be finalised, an estimated provision of ` 8.00 crore has been made for the current quarter.

4) Figures for the previous period have been rearranged wherever necessary.