Final Results

RNS Number:1833T
SIEL Ld
27 October 2000


UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE THREE MONTHS ENDED 30.09.2000 
                                                          (Rs. in Million)
S.                          Three months ended      Year ended    Year ended
No.     PARTICULARS         30.09.2000  30.09.1999  30.09.2000    30.09.1999
                                                                  Audited
1  Net Sales/income from 
   Operations                     825        1,421      4,408        4,918
2  Other income                    27           31         59          137
3  Total Expenditure
   a. Increase/decrease in stock 
      in trade                    395          651        (345)        115
   b. Consumption of raw 
      materials/Purchase of
      finished goods              117          429       2,946       3,288
   c. Staff Cost                   72          104         295         335
   d. Power and fuel              113          102         434         280
   e. Stores spares and components 72           60         306         265
   f. Other expenditure           (82)         (38)        337         385
4  PBIDT (before Extraordinary 
   income)                         165         144         494         387
5  Extraordinary Income (net)                   33         109          33
6  Interest                        141         140         541         538
7  Depreciation                     50          51         206         170
8  Profit/(loss) before tax        (26)        (14)       (144)       (288)
9  Provision for taxation
10 Net Profit/(Loss)               (26)        (14)       (144)       (288)
11 Paid-up equity share capital    358         339         358         339
12 Reserve excluding revaluation 
   reserve                                                            1,901
   (as per balance sheet) of 
    previous accounting year
13  EPS (Rs.)                    (0.73)       (0.41)      (4.02)     (8.50)

Notes :

1  The above results have been taken on record by the Board of Directors
in its meeting held on 25th October, 2000. 

2 The company  manufactures Sugar, which is a seasonal industry.

3 The Flaking Plant in the Chemical Division at Rajpura commenced commercial
production on 1.8.2000.

4  Company  has invested Rs.39 Million to acquire 20% equity  at  par  in
Daikin  Shriram  Airconditioning Private Ltd., a Joint  Venture  Company
(JVC).  Pursuant to the Orders of BIFR, the business of Siel Aircon  Ltd.
(SAL), the wholly owned subsidiary of the Company, has been transferred to the
said JVC in terms of Business Purchase Agreement dated  8th August, 2000 and the
residuary SAL has been merged with the Company w.e.f, 22nd September, 2000.

5 Figures have been regrouped wherever necessary.


Place: New Delhi                               

Date : 25.10.2000