UNAUDITED FINANCIAL RESULTS(PROVISIONAL) FOR THE QUARTER ENDED ON 31^ST DECEMBER 2000

(Rs. In lakhs)

Particulars

Nine Months Ended

Previous Year

31^st December

31^st December

31/03/2000

(Unaudited)

(Unaudited)

(Audited)

2000

1999

2000

1999

Net Sales

97.16

72.38

324.05

229.08

472.19

Other Income

Nil

Nil

Nil

Nil

1.07

Total Expenditure

75.18

64.59

238.21

188.96

391.24

Interest

11.00

Nil

34.01

Nil

8.37

Gross Profit (After Interest

10.98

7.79

51.83

40.12

73.65

but before depreciation and

Taxation)

Depreciation

2.59

2.93

7.80

6.35

11.04

Taxation

Nil

Nil

Nil

Nil

5.20

Net Profit

8.39

4.86

44.03

33.71

57.41

Paid up Capital

451.12

302.01

451.12

302.01

451.12

Reserves

-----

-----

-----

-----

235.50

EPS

1.39

Notes: -

1.      The aforesaid Unaudited Results were approved and taken on   record by the Board of Directors of the Company in their meeting held on 15^th January, 2001

2.      Provision for taxation if any shall be made at the end of the year.

Salient features

                                                                                 Quarter Ended        Nine Months Ended

                                                                                   31/12/2000                 31/12/2000

é     Net  Sales         up by                              34.23%                     41.45%

é     Gross Profit      up by                             40.94%                     29.18%

é     Net  Profit          up by                             72.63%                     30.61%