Segment Results March 2009

Standalone Segment wise Revenue, Results and Capital Employed for the three months ended March 31, 2009

Rs. in lakhs
	Particulars				Three Months ended			Previous Accounting Year ended
					31.03.2009	31.03.2008		31.12.2008
					(Unaudited)	(Unaudited)		(Audited)
1.	Segment revenue
	(Net sales/Income from operations)
	Intermediates & Colours				8068	8971		40169
	Dyes & Specialty Chemicals				10860	11462		51470
	Total Net Sales/Income from operations				18928	20433		91639
2.	Segment results Profit / (Loss) before tax and interest from each segment
	Intermediates & Colours				1526	1130		4704
	Dyes & Specialty Chemicals				2127	1599		7027
	Total Segment results				3653	2729		11731
	Add :	Interest income / dividend income			145	78		343
	Less :	(1)	Interest expenses		24	37		153
		(2)	Other unallocable expenditure net of unallocable income		164	465		1145
	Total profit before exceptional items & tax				3610	2305		10776
	Exceptional items				360	-		(48)
	Profit / (Loss) from ordinary activities before tax				3970	2305		10728
3.	Capital employed
	(Segment assets - segment liabilities)
	Intermediates & Colours				14651	18378		16404
	Dyes & Specialty Chemicals				11262	12027		13538
	Total Capital employed in segments				25913	30405		29942
	Add :	Unallocable corporate assets less corporate liabilities			14938	5368		7841
	Total capital employed in Company				40851	35773		37783
Notes:
1.	Figures for the previous periods have been regrouped wherever necessary to conform to the current period's classification.
2.	Products hitherto reported under "Masterbatches segment" is now reported under "Intermediates & colours" segment considering the nature of the products.
					Heiner Meier
Mumbai, April 29, 2009					Vice-Chairman & Managing Director