ORIENTAL CARBON

ORIENTAL CARBON & CHEMICALS LTD.
(Regd. Office : 31, Netaji Subhash Road, Kolkata - 700 001)

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2007

(Rs. In Lacs)

Particulars

Nine months ended

Quarter ended

Financial year ended

31.12.2006
(Unaudited)

31.03.2007
(Unaudited)

31.03.2006
(Unaudited)

31.03.2007
(Audited)

31.03.2006
(Audited)

1. Sales (Net of Excise)/Income from Operations

2. Other Income

3. Total Revenue (1+2)

4. Total Expenditure
     a) (Increase)/Decrease in Stock in trade
     b) Consumption of Raw Materials
     c) Staff Cost
     d) Other Expenses

5. Profit before Interest, Depreciation & Tax

6. Interest (Net)

7. Depreciation

8. Profit/(Loss) before Tax (3-4-6-7)

9. Provision for Taxation - Current Tax (includes fringe benefit tax)

10. Provision for Taxation - Deferred Tax

11. Net Profit/(Loss)

12. Taxation Adjustments in respect of prior years (Net)

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

14. Reserves Excluding Revaluation Reserve
(as per last Audited Balance Sheet)

15. Basic and Diluted EPS for the current year/quarter

16. Basic and Diluted EPS after earlier years taxation adjustments

17. Aggregate of Non-promoter share holding :
Number of shares
Percentage of share holding

4894.90

96.63

4991.53

418.74
(162.30)
1622.84
496.49
2171.71

862.79

188.00

329.76

345.03

32.30

(37.71)

350.44

(11.19)

917.63

3.83

3.95

1550.62

66.29

1616.91

1317.02
(118.04)
560.64
174.81
699.61

299.89

53.08

107.43

139.38

17.92

59.43

62.03

134.18

917.63

0.68

(0.79)

1318.57

3.82

1322.39

1002.41
(332.54)
579.90
152.28
602.77

319.98

38.82

111.32

169.84

40.52

(15.00)

144.32

917.63

1.58

6445.52

162.92

6608.44

5445.76
(280.34)
2183.48
671.30
2871.32

1162.68

241.08

437.19

484.41

50.22

21.72

412.47

122.99

917.63

4707.43

4.50

3.16

4777602
52.15%

5390.57

54.52

5445.09

4471.55
(416.67)
1939.84
559.08
2389.30

973.54

148.07

354.39

471.08

157.72

(70.35)

383.71

917.63

4525.13

4.19

5057258
55.20%

Segment wise Revenue, Results and Capital Employed, under clause 41 of the listing agreement

Particulars

Nine months ended

Quarter ended

Financial Year ended

31.12.2006
(Unaudited)

31.03.2007
(Unaudited)

31.03.2006
(Unaudited)

31.03.2007
(Audited)

31.03.2006
(Audited)

1. Segment Revenue
     a) Chemicals
     b) Insoluble Sulphur
     Total Revenue
     Less : Inter Segment Revenue
     Net Revenue

2. Segment Results
     (Profit(+)Loss(-) before Tax and Interest)
     a) Chemicals
     b) Insoluble Sulphur
     Total

     Less : Interest (Net)
     Total Profit before Tax

3. Capital Employed
     (Segment Assets - Segment Liabilities)
     a) Chemicals
     b) Insoluble Sulphur
    Total

706.51
           4413.95
5120.46
              128.93
            4991.53

(10.56)
_ 543.59
533.03

188.00
345.03

431.77
7239.82
______
7671.59

264.09
           1402.65
1666.74
                49.83
            1616.91

6.61
_ 185.85
192.46

53.08
139.38

475.98
7426.42
______
7902.40

285.77
           1081.43
1367.20
              44.81
           1322.39

14.58
_ 194.08
208.66

38.82
169.84

404.87
7028.67
___________
7433.54

970.60
            5816.60
6787.20
              178.76
            6608.44

(3.95)
729.44
725.49

241.08
484.41

475.98
7426.42
______
7902.40

1207.31
           4389.32
5596.63
            151.54
           5445.09

121.27
497.88
619.15

148.07
471.08

404.87
7028.67
______
7433.54

Notes :

Previous year's figures have been regrouped wherever necessary and include working results for 100% Export Oriented Unit for Six Months only.
Regarding the observations of the Auditors in their report for the year ended 31st March, 2006, the Company continues to recover the same steadily.
In vie of Accounting Standard Interpretation (ASI) 5 with respect to Accounting Standard (AS-22) Accounting for Taxes on income issued by The institute of Chartered Accountants of India (ICAI), the company has reassessed deferred tax liability on account of 100% Export Oriented Unit as on 31st March, 2007 and accordingly Rs. 82.39 Lacs has been provided for the current year and Rs. 134.18 Lacs for earlier years during the quarter.
Consequent to deferment of applicability of the Accounting Standard (AS) 15 Revised (2005) by The Institute of Chartered Accountants of India (ICAI), the company has now decided to implement it w.e.f. 1st April, 2007.
The Profitability of the Company is adversely affected by appreciation of the Rupee as the Sales Price of Insoluble Sulphur, it's main product, is based on global trends both in export and domestic markets.
No investors' complaint was received during the quarter and no complaint was pending at the begining and end of the quarter.
The Audited accounts of the Company were adopted by the Board of Directors at their meeting held on 29th May, 2007.
The Board of Directors have recommended a dividend of 10% on the equity share of Rs. 10/- each for the year 2006-2007 amounting to Rs. 107.18 Lacs including tax on dividend Rs. 15.57 Lacs.

By Order of the Board

Place : NEW DELHI (H. C. Taneja)
Date : 29th May, 2007 Whole Time Director