|
UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER AND NINE MONTHS ENDED ON 31ST DECEMBER,
2007
(Rs. in Lakhs)
| Sr. |
Particulars |
Quarter Ended |
Nine Months Ended |
Year Ended |
|
No.
|
|
31st Dec.
2007
(Unaudited)
|
31st Dec.
2006
(Unaudited)
|
31st Dec.
2007
(Unaudited)
|
31st Dec.
2006
(Unaudited)
|
31st March
2007
(Audited)
|
| 1 |
Net Sales/Income from Operations |
4,224.47 |
3,409.48 |
10,472.48 |
7,654.35 |
11,192.98 |
| 2 |
Other Income |
103.21 |
21.09 |
365.45 |
52.01 |
89.81 |
| |
Total [1+2] |
4,327.68 |
3,430.57 |
10,837.93 |
7,706.36 |
11,282.79 |
| 3 |
Total Expenditure |
|
|
|
|
|
| |
a) Consumption of Raw
Materials |
211.56 |
194.71 |
581.32 |
504.66 |
695.79 |
| |
b) Employees Cost
|
601.25 |
414.29 |
1,661.02 |
1,223.40 |
1,735.86 |
| |
c) Heat, Light & Power
|
211.86
|
137.43 |
654.96 |
401.45 |
529.74 |
| |
d) Depreciation
|
211.09 |
187.28 |
630.17 |
554.23 |
794.42 |
| |
e) Other Expenditure
|
1,014.74 |
702.97 |
2,678.02 |
1,844.27 |
3,008.66 |
| |
Total Expenditure |
2,250.50 |
1,636.68 |
6,205.49 |
4,528.01 |
6,764.47 |
| 4 |
Profit Before Interest, and Tax
[1+2-3] |
2,077.18 |
1,793.89 |
4,632.44 |
3,178.35 |
4,518.32 |
| 5 |
Interest |
416.06 |
386.72 |
1,191.07 |
1,077.65 |
1,510.18 |
| 6 |
Profit Before Taxation [4-5] |
1,661.12 |
1,407.17 |
3,441.37 |
2,100.70 |
3,008.14 |
| 7 |
Tax Expense:
|
|
|
|
|
|
| |
a) Current Tax
|
286.68 |
158.00 |
719.68 |
236.00 |
339.50 |
| |
b) Deferred Tax
|
193.65 |
465.77 |
395.83 |
749.52 |
1,072.54 |
| |
c) Fringe Benefit Tax
|
7.20 |
3.20 |
16.50 |
11.20 |
17.00 |
| |
d) MAT Credit Entitlement
|
- |
- |
- |
- |
(479.10) |
| 8 |
Net Profit from Ordinary activities
after tax [6-7] |
1,173.59 |
780.20 |
2,309.36 |
1,103.98 |
2,058.20 |
| 9 |
Extraordinary items (net of tax
expense of Rs. 28.68 lakhs) |
94.68 |
- |
94.68 |
- |
- |
| 10 |
Net Profit for the period [8-9]
|
1,078.91 |
780.20 |
2,214.68 |
1,103.98 |
2,058.20 |
| 11 |
Paid-up Share Capital (Face value
of Equity Share Rs.10/- each)
|
1,378.59
|
1,378.59
|
1,378.59
|
1,378.59
|
1,378.59
|
| 12 |
Reserves Excluding Revaluation
Reserves
|
-
|
-
|
-
|
-
|
12,547.95
|
| 13 |
Earnings Per Share [EPS] (Rs):
|
|
|
|
|
|
| |
a) Before extraordinary items
|
|
|
|
|
|
| |
Basic
|
8.89 |
5.91 |
17.50 |
8.37 |
15.60 |
| |
Diluted
|
7.01 |
- |
13.80 |
- |
15.38 |
| |
b) After extraordinary items
|
|
|
|
|
|
| |
Basic
|
8.18 |
5.91 |
16.78 |
8.37 |
15.60 |
| |
Diluted
|
6.45 |
- |
13.23 |
- |
15.38 |
| 14 |
Public shareholdings: -Number
of Shares -Percentage of Shareholding
|
3560197 26.98 |
3560197 26.98 |
3560197 26.98 |
3560197 26.98 |
3560197 26.98 |
|
|
|
|
|
|
| 'UNAUDITED FINANCIAL
RESULTS FOR THE QUARTER & NINE MONTHS ENDED ON 31ST DECEMBER,
2007 Contd.. |
| Notes: |
|
|
|
|
- The above results have been reviewed by the Audit Committee
and approved by the Board of Directors at its meeting held
on 22nd January, 2008. The Auditors have carried out the
"Limited Review" of the above financial results.
- The Company is operating only in one segment, i.e Hospitality
Services Segment.
- The Company issued Foreign Currency Convertible Bonds
(FCCB) in the month of March, 2007 aggregating to US$18
million with an option to the investors to convert the FCCBs
into Ordinary Shares. The Bonds are listed on the Singapore
Stock Exchange. The funds are being utilised for the hotel
projects in a planned manner.
- Other income includes Rs.79.85 lakhs and Rs. 292.86 lakhs
for the quarter and nine months ended 31st December 2007
respectively being gain on foreign exchange fluctuation.
- Exceptional items for the quarter and nine months ended
31st December 2007 represent Luxury tax assessment dues
of Rs.123.36 lakhs for the period from May 2004 to March
2005 paid on disposal of Luxury Tax appeal vide appallate
order dated 12th December 2007. In addition to the above
tax, the Luxury Tax authorities also levied interest of
Rs. 48.25 lakhs which is disputed by the Company and not
provided for.
- The Company has acquired 60% stake in the equity of Concept
Hospitality Ltd, a hospitality management consultancy company,
with the approval of the Central Government. Consequently,
the said Company has become subsidiary of the Company with
effect from 3rd December, 2007. The above results do not
include financial information on consolidated basis.
- There were no unresolved investors complaints at the begining
of the quarter. Further, during the quarter ended December,
2007, the company received 11 investor complaints. All the
complaints have been suitably disposed off and no unresolved
complaint is pending as on 31st December, 2007.
- Previous quarter, nine months period and financial year
figures have been regrouped/rearranged, wherever necessary.
| |
For and on behalf of the Board
Kamat Hotels (India) Limited
|
Place: Mumbai
Date: 22nd January, 2008
|
Vithal V. Kamat
(Executive Chairman & Managing Director)
|
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