BOROSIL GLASS WORKS LIMITED

Regd. Office : Khanna Construction House 44, Dr.RG Thadani Marg, Worli, Mumbai - 400 018

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER & HALF YEAR ENDED 30TH SEPTEMBER, 2007
Particulars

Quarter Ended
Half Year Ended
Accounting Year Ended
30.09.2007
30.09.2006
30.09.2007
30.09.2006
31.03.2007
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1. Gross sales
1,661
1,890
3,223
3,210
7,371
  Less: Excise duty recovered
119
138
253
233
545
  Net Sales / Income from Operations
1,542
1,752
2,970
2,977
6,826
2. Other Income
117
185
157
219
291
3. Total Income (1+2)
1,659
1,937
3,127
3,196
7,117
4. Total Expenditure
1,497
1,558
2,866
2,625
6,173
  (a) (Increase)/Decrease in Stock in Trade
(387)
(117)
(623)
(635)
(467)
  (b) Consumption of Raw materials
85
72
155
138
295
  (c) Purchase of Finished Goods
328
328
534
618
1,151
  (d) Power & Fuel
343
252
650
492
1,011
  (e) Staff Cost
408
392
805
770
1,573
  (f) Depreciation
105
96
213
192
401
  (g) Other Expenditure
615
535
1,132
1,050
2,209
5. Interest
75
67
150
132
292
6. Profit from Ordinary Activities before tax (3) - (4+5)
87
312
111
439
652
7. Provision for Taxation
  a. Income tax
28
58
60
106
208
  b. Deferred tax
(28)
18
(52)
13
(15)
  c. Fringe benefit tax
5
7
10
10
23
8. Net Profit from Ordinary Activities after tax (6-7)
82
229
93
310
436
9. Extraordinary Items (Net of tax expense Rs. Nil)          
  Reversal of Provision for Diminution in
-
-
-
-
  value of Long term Investment
-
-
-
-
(667)
10. Net Profit for the Year (8-9)
82
229
93
310
1,103
11. Paid-up Equity Share Capital
  (Face value Rs. 10/- each)
361
343
361
343
361
12. Reserves excluding Revaluation Reserves as per  
  balance sheet of previous accounting year        
3389
13. Earning Per Share(Rs.) (Not Annualised)*  
  Before extra ordinary items per Share(Basic)
2.25*
6.67*
2.56*
9.05*
12.69
  After extra ordinary items per Share(Basic)
2.25*
6.67*
2.56*
9.05*
32.12
  Before extra ordinary items per Share(Diluted)
2.11*
6.67*
2.42*
9.05*
12.32
  After extra ordinary items per Share(Diluted)
2.11*
6.67*
2.42*
9.05*
31.18
14. Aggregate of Public Shareholding          
  - No. of shares
1784168
1810028
1784168
1810028
1784168
  - Percentage of Shareholding
49.44
52.78
49.44
52.78
49.44

 

REPORTING OF SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
Sr.No.
Particulars
Quarter Ended
Half Year Ended
Accounting Year Ended
   
30.09.2007
30.09.2006
30.09.2007
30.09.2006
31.03.2007
   
Unaudited
Unaudited
Unaudited
Unaudited
Audited
1
 Segment Revenue          
a. Scientificware
977
1,178
1,782
1,957
4,627
  b. Consumerware
534
511
1,132
937
2,021
  c. Others
31
63
56
83
178
 
Total
1,542
1,752
2,970
2,977
6,826
 
Less : Inter Segment Revenue
-
-
-
-
-
  Net Sales / Income from Operations
1,542
1,752
2,970
2,977
6,826
             
2
 Segment Results :          
  a. Scientificware
242
312
465
617
1,274
  b. Consumerware
126
142
237
252
395
  c. Others
7
16
13
21
50
 
Total
375
470
715
890
1,719
  Less : (i) Interest
75
67
150
132
292
  (ii) Other un-allocable expenditure net of
330
276
611
538
1,066
  (iii) Other un-allocable income
(117)
(185)
(157)
(219)
(291)
Total Profit Before Tax
87
312
111
439
652


Notes:

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 31.10.2007.

2. The above financial results have been subjected to a limited review by the Statutory Auditors of the Company.

3. Increased cost of energy continues to impact profitability of the Company.

4. Since the assets are used in the Company‘s business interchangeably and the suppliers of raw materials and consumables are common, disclosure of segment wise assets, liabilities, capital expenditure, depreciation and non- cash expenditure is not feasible.

5. The Financial Results are in accordance with the Standard Accounting Practices followed by the Company in preparation of its statutory accounts.

6. The previous period figures have been regrouped/reclassified wherever necessary to make them comparable.

7. The Company has received 2 complaints from shareholders during the quarter ended 30th September, 2007 which have been disposed off. There were no complaints lying unresolved at the beginning or at the end of the quarter.

For Borosil Glass Works Limited

Place: Mumbai
Date : 31.10.2007
P.K.Kheruka
Vice Chairman & Managing Director