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Unaudited Financial Results for the Quarter ended 30th June, 2001
(Rs.in Mio)

Particulars

Three Months Ended Year ended
31.03.2001
30.06.2001 30.06.2000
(Unaudited) (Unaudited) (Audited)
Net Sales/Income from Operations 1,889.2 2,153.0 9,961.0
Other Income 10.4 8.0 116.5
Total Income 1,899.6 2,161.0 10,077.5
Total expenditure      
 a. (Increase) / Decrease in Stock in Trade (81.9) (295.6) (472.4)
 b. Consumption of Raw Materials 1,218.2 1,687.7 6,968.4
 c. Staff Cost 55.4 46.2 216.2
 d. Other Expenditure 438.6 382.7 1,966.4
Profit Before Depreciation, Interest & Tax 269.3 340.0 1,398.9
Interest 110.1 75.8 416.8
Depreciation 36.5 31.2 147.8
Profit Before Tax 122.7 233.0 834.3
Provision for Taxation 10.0 20.0 151.2
Net Profit 112.7 213.0 683.1
Paid-up Equity Share Capital  202.0* 200.0 202.0
Reserves excluding Revaluation Reserves     2,564.1
Earnings per Share (in Rs.) 5.58 10.65 33.82
Aggregate of Non-promoter Shareholding      
                - No. of Shares 74,02,960    
                - % of Shareholding 37.01    

* Post Merger Equity

Notes:
1. The above results (provisional) were taken on record by the Board of Directors at its
meeting held on 31.07.2001.
2. Figures for the previous quarter have been rearranged wherever necessary.
3. Chennai Port strike and also upgradation process at some of the Plants to comply with US FDA
& European Regulations have resulted in reduced production and sales in Q1 of Current Year.
    For and on behalf of the Board
Place: Hyderabad   K.Nityananda Reddy
Date : 31.07.2001   Managing Director
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