Unaudited Financial Results (Provisional) For the Quarter ended 30th June, 2004

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Unaudited Financial Results (Provisional) For the Quarter ended 30th June, 2004
(Rs. in Lakhs)
Sr. No.	Particulars	Quarter ended 30.06.2004	Quarter ended 30.06.2003	Year ended 31.03.2004 (Audited)
1	Net Sales / Income from Operations	34580	38001	132994
2	Other Income	647	521	1927
3	Total Expenditure
	a) (Increase) / Decrease in stock in trade	(1300)	(122)	(1773)
	b) Consumption of raw materials	25195	27407	96662
	c) Staff Cost	3322	3213	12619
	d) Excise Duty	2168	1845	5674
	e) Other expenditure	4114	4697	16536
	Total	33499	37040	129718
4	Interest (Net)	98	69	180
5	Depreciation	240	328	1325
6	Profit before tax and Extraordinary / Exceptional Items	1390	1085	3698
7	Extraordinary/Exceptional Items (Net)	312	233	989
8	Profit before Taxation	1702	1318	4687
9	Provision for Taxation - Current	140	105	430
10	Provision for Deferred Taxation	120	194	354
11	Net Profit after tax	1442	1019	3903
12	Paid-up equity share capital (Face value Rs 10/-)	3305	3305	3305
13	Reserves excluding revaluation reserves			15595
14	Basic and Diluted Earning per share after Extraordinary/Exceptional Items (Rs) (*not annualised)	*4.36	*3.08	11.80
15	Aggregate of non - promoter shareholding
	- Number of shares	23910852	23710852	23910852
	- Percentage of shareholding	72.26	71.66	72.26

Segment Report For the Quarter ended 30th June, 2004
(Rs. In Lakhs)
Segment Reporting		Quarter ended 30.06.2004	Quarter ended 30.06.2003	Year ended 31.03.2004 (Audited)
1	Segment Revenue
a	Segment - A (Electro - Mechanical Projects and Services)	13419	18958	73423
b	Segment - B (Engineering Agency and Services)	1983	1649	8367
c	Segment - C (Unitary Cooling Products for Comfort and Commercial use)	16684	15582	42324
d	Others	2494	1824	8880
Less : inter segment revenue		-	12	-
Net Sales / Income from Operations		34580	38001	132994
2	Segment Results
a	Segment - A (Electro - Mechanical Projects and Services)	758	679	2064
b	Segment - B (Engineering Agency and Services)	664	393	2747
c	Segment - C (Unitary Cooling Products for Comfort and Commercial use)	491	625	602
d	Others	267	153	529
Total		2180	1850	5942
Less : (i) Interest		98	69	180
(ii) Other unallocable expenditure net off unallocable income		692	696	2064
Profit before Tax and Extraordinary/ Exceptional Items		1390	1085	3698
Extraordinary/Exceptional Items		312	233	989
Profit before Tax		1702	1318	4687
3	Capital Employed
a	Segment - A (Electro - Mechanical Projects and Services)	6711	5090	6001
b	Segment - B (Engineering Agency and Services)	1401	1459	1567
c	Segment - C (Unitary Cooling Products for Comfort and Commercial use)	6965	5603	7174
d	Others	3080	3244	2714
Total		18157	15396	17456
Note : Figures for the previous quarter and year ended 31^th March, 2004 have been regrouped, wherever necessary.

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Notes:

1. Extraordinary/Exceptional Items (Net) for the quarter ended 30th June, 2004 comprise : Profit on sale of property/ compensation on surrender of tenancy rights - Rs. 505 lakhs (quarter ended 30th June, 2003 : Rs. 257 lakhs), Others - Nil (quarter ended 30th June, 2003 : Rs.58 lakhs credit), Charge of Rs. 193 lakhs towards VRS expenses (quarter ended 30th June, 2003 : Rs. 82 lakhs towards amortisation of VRS expenses).

2. The Statutory Auditors of the Company have conducted a "Limited Review" of the Profit and Loss Account for the quarter ended 30th June, 2004.

3. Accounting Standard (AS) 28 came into force on 1st April, 2004 and the Company has estimated an impairment loss of Rs. 4005 lakhs. In accordance with the Transitional Provision in the Standard, an amount of Rs. 2568 lakhs net of Deferred Tax Asset of Rs. 1437 lakhs is adjustable against the opening balance of Revenue Reserves.

4. The above results were reviewed by the Board Audit Committee and approved by the Board of Directors at its Meeting held on 28th July, 2004.

5. The Company did not have any investor complaint pending at the beginning of the quarter. One complaint was received during the quarter on which necessary action has been taken. However, the same remains unresolved at the end of the quarter, on 30th June, 2004.


Mumbai 28^th July, 2004.	A. Soni Managing Director
A TATA ENTERPRISE