BOROSIL GLASS WORKS LIMITED
Regd. Office:  Khanna Construction House 44, Dr.RG Thadani Marg, Worli, Mumbai - 400 018
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2007
(Rs. in lacs)
      Quarter Ended Accounting Year Ended
  Particulars
  30.06.2007 30.06.2006 31.03.2007
  Unaudited Unaudited Audited
 1.  Gross sales           1,562          1,320             7,371
      Less: Excise duty recovered            134              95               545
      Net Sales / Income from Operations         1,428          1,225             6,826
 2.  Other Income              40              34               291
 3.  Total Expenditure         1,261            971             5,772
      (a)  (Increase)/Decrease in Stock in Trade           (236)           (518)

             (467)
      (b)  Consumption of Raw materials               70              66               295
      (c)  Purchase of Finished Goods            206            290             1,151
      (d)  Power & Fuel            307            240             1,011
      (e)  Staff Cost            397            378             1,573
      (f)   Other Expenditure            517            515             2,209
 4.  Interest              75              65               292
 5.  Depreciation            108              96               401
 6.  Profit Before Extra-ordinary Items and taxes(1+2-3-4-5)              24            127               652
 7.  Extraordinary Items      
          Reversal of Provision for Dimuntion in       
          value of Long term Investment              -                 -  

             (667)
 8.  Profit Before taxes(6-7)              24            127             1,319
 9.  Provision for Taxation      
      a.  Income tax              32              48               208
      b.  Deferred tax             (24)               (5)

               (15)
      c.  Fringe benefit tax               5                3                 23
10. Net Profit for the Year    (8-9)              11              81             1,103
11.  Paid-up Equity Share Capital      
      (Face value Rs. 10/- each)            361            343               361
12. Reserves excluding Revaluation Reserves                 3,389
13.  Earning Per Share(Rs.) (Not Annualised)*       
      Before extra ordinary items per Share(Basic)  0.31*   2.38*              12.69
      After extra ordinary items per Share(Basic)  0.31*   2.38*              32.12
      Before extra ordinary items per Share(Diluted)  0.31*   2.38*              12.32
      After extra ordinary items per Share(Diluted)  0.31*   2.38*              31.18
           
REPORTING OF SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
       
  Quarter Ended Accounting Year Ended
Sr. Particulars
No. 30.06.2007 30.06.2006 31.03.2007
      Unaudited Unaudited Audited
       
1 Segment Revenue :      
   a.   Scientificware             805             779            4,627
   b.   Consumerware             598             426            2,021
   c.   Others               25               20               178
          Total        1,428         1,225            6,826
           Less : Inter Segment Revenue              -                -                   -  
           Net Sales / Income from Operations        1,428         1,225            6,826
       
2 Segment Results  :      
   a.   Scientificware             223             305            1,274
   b.   Consumerware             111             110               395
   c.   Others                 6                 5                 50
          Total           340            420            1,719
           Less :  (i) Interest               75               65               292
                       (ii) Other unallocable expenditure      (ii) Other unallocable expenditure      
                            net of unallocable income            net of unallocable income             241             228               108
           Total Profit Before Tax               24            127            1,319

Notes:

  1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its Meeting held on 28.07.2007.

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

  3. Steep rise in the rate of Electricity by over 60% from mid April, 07 and increased usage of LPG due to significant cuts in the supply of Natural Gas, have affected the profitability of the company during the quarter under review.

  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 not received any complaint from shareholders during the quarter ended 30th June, 2007. There were no complaints lying unresolved at the beginning or at the end of the quarter.  

                                                                                         For BOROSIL GLASS WORKS LIMITED

                Place: Mumbai                                                                      P.K. Kheruka

                Date:  28.07.2007                                              Vice Chairman & Managing Director