Notes:
1. 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 27.10.2005.
2. The company operates only in one segment, Petroleum Sector. As such reporting is done on a single segment basis.
3. 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.
4. Gross Refining Margin for the quarter was $5.68/bbl (Previous Year $5.78/bbl).Gross Refining upto the quarter was $6.09/bbl(previous year $5.89/bbl)(previous financial year-$5.33/bbl).
5. Profit for the quarter and half year ended 30th sept 2005 is net discount of Rs.153.77 crore offered to oil Marketing Companies (including Rs.60.24 crore for 1 Qtr as part of sharing of under recovery.
6. Figures have been re-grouped wherever necessary.
7. Status of Investor Complaints : Pending at the beginning of the quarter - NIL. Complaints received and disposed off during the quarter - 204. Pending at the end of the quarter - NIL.
8. The above results are subject to ‘Limited Review’ by the Statutory Auditors of the company.
For and on behalf of the Board of Directors
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