Sl No:

Particulars

Quarter ended 30.06.2005

Corresponding Quarter in the Previous Year ended 30.06.2004

Accounting
year ended
31.03.2005
(Audited)

1.

Gross Sales / Income from Operation
Less: Excise Duty
Net Sales/Income from Operation

3024.00

204.66
2819.34

16295.89

2082.28
14213.61

2.

Other Income

17.13

7.64

75.97

3.

Total Expenditure

4262.14

2492.92

12989.91

a) (Increase) / Decrease in stock-in trade

(190.43)

(45.47)

(397.40)

b)Consumption of raw materials and purchase of products for re-sale

4283.22

2418.15

12805.37

c) Staff Cost

22.12

19.42

93.57

31.48

7.17

79.69

e) Other Expenditure

115.75

93.65

408.68

4.

Interest

37.08

26.22

156.66

5.

Depreciation

58.58

45.57

209.38

6.

Profit (+) / Loss (-) Before Tax     (1+2-3-4-5)

353.79

262.27

933.63

7.

Provision for Taxation
-Current

111.19

29.42

132.19

8.

Profit after Current Tax (6-7)

242.60

232.85

801.44

9.

Provision for Taxation - Deferred

7.89

69.53

204.47

10.

Fringe Benefit Tax

0.72

-

-

11.

Net Profit (+) / loss (-) (8-9-10)

233.99

163.32

596.97

12.

Paid-up Equity Share Capital (Face Value Rs. 10/-)

149.00

149.00

 149.00

13.

Reserves excluding revaluation reserves (as per balance sheet) of previous accounting year

--

--

1854.45

14.

Basic and diluted earnings per share (Rupees)(not annualised)

15.71

10.97

40.08

14.

Aggregate of non-promoters' share holding:
- No of Shares
-Percentage

48745100
    32.73

48745100
    32.73

48745100
    32.73

16.

2.510

1.908

8.923

Notes:
1. Gross Refining Margin for the quarter was $6.52/bbl as compared to $6.01/bbl and $5.33/bbl during the corresponding quarter of the previous year and for the previous financial year respectively.

2. The future profit is subject to variation on account of fluctuations in the prices of crude and petroleum products in the international market and government policies.

3. The company operates only in one segment, Petroleum Sector. As such reporting is done on a single segment basis.

4. Figures have been re-grouped wherever necessary.

5. Status of Investor Complaints : Pending at the beginning of the quarter - NIL. Complaints received and disposed off during the quarter - 187. Pending at the end of the quarter - NIL.

6. The above results are subject to ‘Limited Review’ by the Statutory Auditors of the company.

7. The above results have been reviewed and recommended by the Audit Committee and taken on record by the Board of Directors at its meeting held on 29.07.2005.

For and on behalf of the Board of Directors