Chemfab Alkalis Limited = RESULTS = FY 2011,2010,2009 = LACK LUSTRE

Chemfab Alkalis Limited

NSE Symbol     CHEMFALKAL

CHEMFAB ALKALIS LIMITED has declared results for the financial year ended 31.03.2011, which are compared below with the 2 previous years.

Net Sales is Rs.80 Cr – down by 8.35% from FY 2010 and down by 11.01% from FY 2009.

Total Expenditure for FY 2011 is Rs.73.09 Cr – down by 7.7% from FY 2010 and down by 8.1% from FY 2009.

Profit from Operations is Rs.6.91 Cr – down by 14.69% from FY 2010 and down by 33.37% from FY 2009.

Profit before tax is Rs.12.23 Cr – up by 15.81% from FY 2010 and up by 2.26% from FY 2009 – aided by Lower interest and exceptional items.

Net Profit  is Rs.9.67 cr – up by 33.93% from FY 2010 and up by 23.34% from FY 2009 – aided by lower Tax expense.

Basic EPS(in Rs.) against a Face Value of Rs.5 is Rs.10.55 in FY 2011, Rs.7.87 in FY 2010 and Rs.8.55 in FY 2009.But, the higher Net Profits and EPS are aided by lower Tax. Lower interest etc and there has been decline in Sales and margins.

RESULTS TABLE :

Chemfab alkali	FY 2011	FY 2010	FY 2009
Net Sales	8000	8729	8990
Net Sales	8000	-8.35	-11.01
Incre./Decre. in SIT / WIP	-58	18	56
Raw Materials	3765	3988	3920
Traded goods	532	336	227
Employees Cost	681	698	808
Depreciation	752	797	917
Other Expenditure	1637	2082	2025
Total Expenditure	7309	7919	7953
Total Expenditure	7309	-7.7	-8.1
Profit from Operations	691	810	1037
Profit from Operations	691	-14.69	-33.37
Other Income	256	464	247
Profit before I & EI	947	1274	1284
Interest	2	33	88
Profit after I BB EI	945	1241	1196
Exceptional items	-278	185	-
Profit before tax	1223	1056	1196
Profit before tax	1223	15.81	2.26
Tax Expense	256	334	412
Net Profit	967	722	784
Net Profit	967	33.93	23.34
Dividend (%)	-	50	-
Face Value (in Rs.)	5	5	5
Paid-up Equity	459	459	459
Reserves	-	6880	6426
Basic EPS(in Rs.)	10.55	7.87	8.55
Public Holding (%)	-	25.01	25.01

ANNOUNCEMENTS

TO THE NSE

05-04-2011          on April 05, 2011 have recommended a payment of Dividend of Rs.2.50 per Equity Share of Rs.5/- each (50%).

29-03-2011          Chemfab Alkalis Limited has informed the Exchange that the Hon'ble High Court of Madras has sanctioned the Scheme of Arrangement (Demerger) between Chemfab Alkalis Limited and Titanium Equipment and Anode Manufacturing Company Limited, vide its Order dated March 14, 2011.

29-01-2011          there was a minor Chlorine leak on January 26, 2011 at 0800 hours in the Company's Plant and the District Magistrate, Puducherry and the Puducherry Pollution Control Committee had ordered closure of the Plant Operations until further orders and investigations. The Company has complied with the orders to facilitate investigations by the Government authorities. The Company is cooperating with the Government authorities to resolve the matter.

06-12-2010          the Board Meeting held on December 05, 2010, at which the proposal to Demerge the operations and activities pertaining to the business of Hollow Fiber Ultra Filtration Membranes, Packaged Drinking and Energy Water, a Health Shoppe into the trading of health related products (Demerged Undertaking) to Titanium Equipment and Anode Manufacturing Company Limited (TEAM) in terms of Scheme of Arrangement under Section 391-394 of the Companies Act, 1956 was considered and approved.

07-04-2010          the Directors have recommended a payment of Dividend of Rs.2.50 per Equity Share of Rs.5/- each (50%).

*   *    *    E   N   D   *   *   *