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Our businesses > Tata companies > Titan Industries > Media releases |
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June 27, 2001
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Titan Industries Limited
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Audited
financial results for the year ended 31
March 2001
| Sr.
no |
Particulars |
Year
ended 31st March
Rs. crore |
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2001 |
2000 |
| 1 |
Net
sales / income from operations |
696.90 |
630.33 |
| 2 |
Other
income |
11.63 |
13.02 |
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Total
income |
708.53 |
643.35 |
| 3 |
Expenditure |
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Increase
/ decrease in stock-in-trade |
28.27 |
(10.02) |
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Consumption
of raw materials |
341.19 |
313.31 |
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Excise
duty |
58.13 |
62.52 |
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Staff
cost |
74.07 |
72.17 |
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Advertising |
40.10 |
41.69 |
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Other
expenditure |
72.43 |
70.96 |
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Total
expenditure |
614.19 |
550.63 |
| 4 |
Interest |
47.84 |
50.88 |
| 5 |
Depreciation
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20.93 |
20.40 |
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| 6 |
Profit
before taxes |
25.57 |
21.44 |
| 7 |
Taxes |
2.09 |
2.16 |
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| 8 |
Profit
after taxes |
23.48 |
19.28 |
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| 9 |
Paid-up
equity share capital (face value Rs.
10 per share) |
42.28 |
42.28 |
| 10 |
Paid-up
preference share capital |
40.00 |
40.00 |
| 11 |
Reserves
(excluding revaluation reserves) |
125.09 |
118.57 |
| 12 |
Basic
and diluted earning per share (Rs.) |
4.41 |
3.47 |
| 13 |
Aggregate
of non-promoter shareholding |
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Number of shares |
18,996,643 |
18,996,643 |
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Percentage of shareholding |
44.9% |
44.9% |
Notes
- The directors are glad to report that
both the watch and the jewellery division
made a profit for the year ended 31st
March 2001.
- Other income includes an amount of Rs.
9.66 crores (2000 : Rs. 10.38 crores)
being the profit on sale of shares.
- The board of directors has recommended
an equity dividend of 26% amounting to
Rs. 10.99 crores (2000 : 26% - Rs. 10.99
crores). Preference dividend amounting
to Rs. 3.96 crores (2000 : Rs. 4.14 crores)
has been fully paid.
- The
above statement of financial results was
taken on record by the Board of Directorsat
their meeting held on 27th June 2001.
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Bangalore
Dated: 27 June 2001 |
For
& on behalf of the Board of Directors
Xerxes Desai Vice Chairman & Managing
Director
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