KANORIA CHEMICALS & INDUSTRIES LIMITED

“Park Plaza”, 71, Park Street, Kolkata–700 016

Website : www.kanoriachem.com
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2010
(Rs. in Lakh)
Quarter ended Nine months ended 2009-2010
Particulars
31.12.2010 31.12.2009 31.12.2010 31.12.2009 (Audited)
1. Net Sales
Gross Sales 15,891 11,933 44,487 41,008 53,836
Less: Inter Unit Transfer 2,690 1,848 7,710 6,837 8,597
Excise Duty 954 658 2,772 2,259 3,121
12,247 9,427 34,005 31,912 42,118
2. Other Operating Income 137 260 328 718 934
3. Total Operating Income 12,384 9,687 34,333 32,630 43,052
4. Expenditure :
a) (Increase)/Decrease in Stock-in-Trade & work-in-progress (368) (205) (262) 537 688
b) Consumption of Raw Materials 5,256 4,174 13,924 12,218 16,879
c) Purchases 190 93 192 93 93
d) Power & Fuel 2,408 1,638 6,149 6,050 7,812
e) Staff Cost 899 812 2,671 2,462 3,325
f) Depreciation & Amortisation 1,008 999 3,004 2,993 3,996
g) Other Expenditure 1,816 1,467 5,150 4,383 5,806
h) Total Expenditure 11,209 8,978 30,828 28,736 38,599
5. Profit from operations before other Income, Interest & Finance Charges and Exceptional 1,175 709 3,505 3,894 4,453
items
6. Other Income - 302 1 317 317
7. Profit before Interest & Finance Charges and Exceptional Items 1,175 1,011 3,506 4,211 4,770
8. Interest & Finance Charges 550 545 1,587 1,757 2,323
9. Profit from Ordinary Activities before Exceptional items & Tax 625 466 1,919 2,454 2,447
10. Exceptional item (refer note 2) 7 335 65 1,052 1,432
11. Profit/(Loss) from Ordinary Activities before Tax 632 801 1,984 3,506 3,879
12. Tax Expenses 140 192 431 840 1,082
13. Net Profit/(Loss) from Ordinary Activities after tax 492 609 1,553 2,666 2,797
14. Extraordinary items - - - - -
15. Net Profit/(Loss) 492 609 1,553 2,666 2,797
16. Paid up Equity Share Capital (Rs.5/- per Share) 2,815 2,815 2,815 2,815 2,815
17. Reserves (excluding Revaluation Reserve) - - - - 21,695
18. Earings per Shares (Rs.) - Basic 0.88 1.09 2.76 4.74 4.97
- Diluted 0.64 0.79 2.02 3.46 3.63
19. Public Shareholding
Number of Shares 24178269 24178269 24178269 24178269 24178269
Percentage of Shareholding 42.95% 42.95% 42.95% 42.95% 42.95%
20. Promoters and Promoter Group Shareholding
a) Pledged/Encumbered
Number of Shares Nil Nil Nil Nil Nil
Percentage of Shares (as a % of the total Sharesholding of promoter & promoter group) Nil Nil Nil Nil Nil
Percentage of Shares (as a % of the total Share Capital of the Company ) Nil Nil Nil Nil Nil
b) Non-encumbered
Number of Shares 32118231 32118231 32118231 32118231 32118231
Percentage of Shares (as a % of the total Sharesholding of promoter and promoter group) 100.00% 100.00% 100.00% 100.00% 100.00%
Percentage of Shares (as a % of the total Share Capital of the Company ) 57.05% 57.05% 57.05% 57.05% 57.05%
SEGMENT WISE REVENUE, RESULTS & CAPITAL EMPLOYED:
1. Segment Revenue (net of excise)
Chloro Chemicals 10,910 8,664 30,916 30,088 38,915
Alco Chemicals 4,027 2,611 10,799 8,661 11,800
Total 14,937 11,275 41,715 38,749 50,715
Less : Inter/Intra Segment Sales 2,690 1,848 7,710 6,837 8,597
Net Sales 12,247 9,427 34,005 31,912 42,118
2. Segment Results
(Profit before Tax and Interest & Finance Charges)
Chloro Chemicals 1,219 802 3,728 4,023 4,709
Alco Chemicals 178 136 494 527 646
Total 1,397 938 4,222 4,550 5,355
Less :
i) Interest & Finance Charges 550 545 1,587 1,757 2,323
ii) Other un-allocable expenditure net off un-allocable income 215 (408) 651 (713) (847)
Profit/(Loss) before Tax 632 801 1,984 3,506 3,879
3. Capital Employed
Chloro Chemicals 47,324 50,297 47,324 50,297 49,481
Alco Chemicals 20,373 13,296 20,373 13,296 14,478
Un-allocated 1,247 (1,316) 1,247 (1,316) (2,267)
Total 68,944 62,277 68,944 62,277 61,692
Notes :

1. The above results have been reviewed by the audit committee and taken on record by the Board of Directors at its Meeting held on 3rd February, 2011. The
above results have been reviewed by the Statutory Auditors of the Company as per clause 41 of the listing agreement.
2. The gain/loss arising from the effect of change in the foreign exchange rates on revaluation of the outstanding Foreign Currency Convertible Bonds (FCCB) &
premium thereon are shown as exceptional items.
3. During the quarter, one Investor Complaint was received which was disposed off. No complaint was pending at the beginning and end of the quarter.
4. The Company has commissioned Formaldehyde plant with an installed capacity of 105,000 TPA at its Greenfield Project at Vishakhapatnam, Andhra Pradesh
and started commercial production on 23rd January, 2011.
5. Previous year figures have been regrouped/rearranged, wherever necessary.

Place : New Delhi R.V. Kanoria

Date : 3rd February, 2011 Chairman & Managing Director