AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED ON 31.03.2004

Rs. in lacs

Figures for the nine months 31.12.2003

Figures for the last quarter 31.03.2004

Figures for the last quarter 31.03.2003

Audited Figures for the Year 2003-2004

Audited Figures for the previous Year

1. Net sales / Income from operations

13,898.63

5,385.50

2,780.80

19,284.13

12,578.95

2. Other Income

27.25

29.55

37.43

56.80

61.56

3. Total Expenditure:

a) (Increase)/Decrease in Stock in Trade

(597.66)

(300.28)

356.96

(897.94)

(80.94)

b) Consumption of Raw Materials

10,323.60

4,307.42

1,640.48

14,631.02

8,544.77

c) Outward Transportation

1,122.24

205.24

101.18

1,327.48

1,026.60

d) Staff Cost

232.78

85.91

69.22

318.69

293.41

e) Others

1,379.70

486.69

510.01

1,866.39

1,776.24

4. Interest & other financial Exp.

355.49

137.33

146.51

492.82

625.36

5. Depreciation

296.37

110.44

80.64

406.81

393.75

6. Profit(+)/Loss(-) before tax

813.36

382.30

(86.77)

1,195.66

61.32

7. Provision for Taxation

-

-

-

98.75

-

9. Deferred Tax Debit/(Credit) for the year

-

-

-

441.26

143.76

10.Prior year adjustment

-

10.76

11.23

10.76

11.23

11.Net Profit/(Loss)

813.36

371.54

(98.00)

644.89

(93.67)

12.Paid-up Equity Share Capital

959.12

959.12

959.12

959.12

959.12

(face value @ Rs.10/- per share)

13.Reserves excluding revaluation reserves

-

-

-

3,773.93

3,292.13

14.Earning Per Share-Basic

8.48

3.87

(1.02)

6.72

(0.98)

15.Aggregate of non promoting shareholding

- No. of Shares

2,228,312

2,228,312

2,228,582

2,228,312

2,228,582

- Percentage of Shareholding

23.23

23.23

23.24

23.23

23.24

SEGMENT WISE REVENUE RESULTS AND CAPITAL EMPLOYED

Audited Figures for the current Year

Audited Figures for the previous Year

1. Segment Revenue
(Net sale/income from each segment should be disclosed under this head)

a) Fertilizer

9,511.28

8,022.85

b) Soya

9,829.65

4,617.66

Net Sales/Income from oprations

19,340.93

12,640.51

2. Segment Results
(Profit)(+)/Loss(-)before tax and interest from each segment)

a) Fertilizer

728.20

588.88

b) Soya

901.74

32.97

Total

1,629.94

621.85

Less: i) Interest

437.33

571.20

ii) Other un-allocable expenditure net off unallocable income

-

-

Total Profit before Tax

1,192.61

50.65

3. Capital Employed
(Segment assets less segment liabilities)

a) Fertilizer

4,694.85

4,363.68

b) Soya

2,294.73

2,259.16

Total Capital Employed in Segments

6,989.58

6,622.84

Add: Unallocable Corporate Assets less Corporate Liabilities (Corporate Investments)

420.50

420.50

Total Capital Employed in Company

7,410.08

7,043.34

NOTES:

1. The above Result were reviewed by the Audit Committee and taken on record by the Board of Directors in its meeting held on 27.04.2004.
2. Audited Accounts effect has been adjusted in the last quarter results.
3. Provision for Tax has not been considered on quarterly basis and been given effect in annual accounts.
4. The Board of Directors of the company has recommended a dividend @ 15% for the year 2003-04 which shall be payable to all the members whose name would appear in the register of members on the last date of book closure.
5. There was no investor complaint pending at the beginning of the quarter. During the quarter, the Company received 47 investor complaints, all of which have been resolved by the end of the quarter.
6. Previous year figures have been re-grouped wherever necessary.

for KHAITAN CHEMICALS & FERTILIZERS LTD.

DATE : 27th April, 2004
PLACE : New Delhi

(Shailesh Khaitan)
Chairman & Managing Director