(Rs. in Lakh)

Quarter ended

Half year ended

Year ended

30th September

30th September

31st March,

Particulars

2003

2003

2002

2003

2002

(Audited)

Sales/Income from Operations

        13,796

          9,684

        25,922

        17,927

        41,008

Other Income

              92

             100

            443

             255

             827

Total Income

       13,888

         9,784

       26,365

       18,182

       41,835

Total Expenditure

(Increase)/decrease in stock in trade

             710

            (240)

         1,078

         (1,749)

            (929)

Consumption of raw materials

          4,757

          3,380

         8,953

          7,003

        15,062

Consumption of stores and spare parts

          1,341

          1,033

         2,585

          2,000

          4,277

Staff cost

          1,051

             894

         2,033

          1,758

          3,715

Electricity and Water charges

          1,083

             838

         2,519

          1,803

          4,084

Other expenditure

          2,394

          1,862

         4,651

          3,439

          7,682

Profit before Interest,Depreciation and Tax

         2,552

         2,017

         4,546

         3,928

         7,944

Interest

             350

             569

            797

          1,189

          2,316

Profit after interest

         2,202

         1,448

         3,749

         2,739

         5,628

Depreciation

             505

             492

         1,004

             991

          1,986

Profit before Tax

         1,697

            956

         2,745

         1,748

         3,642

Provision for taxation -   Current

             130

             100

            375

             290

             315

                               -   Deferred

             (15)

             (15)

             (30)

             (40)

             (12)

Net Profit

         1,582

            871

         2,400

         1,498

         3,339

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

          2,938

          2,938

         2,938

          2,938

          2,938

Reserves excluding Revaluation Reserve

       31,456

Basic and Diluted Earnings per Share  (Rs.)

            5.36

            2.91

           8.11

            4.99

          11.18

Aggregate of non-promoter shareholding

- Number of shares

  14,339,925

  14,370,944

 14,339,925

  14,370,944

  14,367,994

- Percentage of shareholding

          48.81

          48.92

         48.81

          48.92

          48.91

Notes :

1

The above results  have been approved by the Board at its meeting held on 29th October, 2003. The Auditors of the Company have carried out a Limited Review of the financial results for the quarter and the half year ended 30th September, 2003 in terms of Clause 41 of the Listing Agreement with Stock Exchanges.

2

Generation of power at hydro electrical plants is seasonal in nature.

3

Final instalment of Rs.50/- each on 500,000, 12.5% Redeemable Cumulative Preference Shares has been paid on 29th September, 2003 along with pro-rata dividend thereon amounting to Rs. 15 lakh.

4

Status of Investor Complaints for the quarter :

5

Figures for the previous period have been re-grouped / re-arranged where necessary.

Place : Kolkata

By order of the Board

Date  : 29th October, 2003.                                                          

For Graphite India Limited

K.K.Bangur

Chairman