UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER, 2006
              Rs. in Lacs
               
      QUARTER ENDED HALF YEAR ENDED  
      30.09.2006 30.09.2005 30.09.2006 30.09.2005 31.03.2006
              (Audited)
1 Gross Sales        14,198 11,377 28,025 23,486 47,489
2 Less : Excise Duty        1,793 1,452 3,565 3,028 6,151
3 Net Sales/ Income from operations 12,405 9,925 24,460 20,458 41,338
4 Other Income 89 137 236 269 588
               
5 Total Income (3+4) 12,494 10,062 24,696 20,727 41,926
               
               
6 Expenditure            
  a) (Increase)/Decrease in Stock in Trade (347) (1,213) (111) (1,752) (748)
  b) Consumption of raw materials        3,544 3,423 7,103 6,689 12,735
  c) Consumption of stores and spare parts 850 775 1,636 1,705 2,850
  d) Power and Fuel        3,463 2,961 6,951 5,793 11,156
  e) Staff cost   653 615 1,302 1,254 2,166
  f) Other Expenditure 2,002 1,752 3,809 3,282 6,373
  Total Expenditure 10,165 8,313 20,690 16,971 34,532
               
7 Operating Profit (5-6) 2,329 1,749 4,006 3,756 7,394
               
8 Interest   481 353 1,089 713 1,440
               
9 Depreciation   837 723 1,666 1,417 2,950
               
10 Profit/(Loss) before tax (7-8-9) 1,011 673 1,251 1,626 3,004
               
11 Provision for Taxation          
               
  Current Tax   273 307 380 567 265
  Deferred Tax 75            (72) 33 (149) 325
  Fringe Benefit Tax 5 3 8 7 19
               
12 Net Profit/(Loss) (10-11) 658 435 830 1,201 2,395
               
               
13 Paid up Equity Share Capital 1104 1104 1,104 1,104 1,104
  (Face Value per share Rs.10/-)          
               
14 Reserves (excluding Revaluation Reserves)              -                -                 -                  -   15,011
               
15 Basic and Diluted Earning Per Share (Rs.) 5.96 3.94 7.52 10.88 21.69
               
16 Aggregate of Non-Promoters Shareholding          
  - Number of Equity Share 489245 2975856 489245 2975856 489245
  - Percentage of Shareholding. 4.43 26.95 4.43 26.95 4.43
               
 
Notes :

1. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 20th
October, 2006

2. The Statutory Auditors have carried out a "Limited Review" of the financial results for the Quarter and half year ended 30th
September, 2006

3. The Company operates mainly in one business segment, i.e. manufacturing and selling of glass containers.

4 There were no investor complaint pending at the beginning of Quarter. During the Quarter ended 30th September, 2006, the
Company has
not received any complaint.

5. Provision for Current Tax for the Quarter and the half year ended 30th September, 2006 is net of Rs.36 lacs being provision
for current tax
no longer required now written back.

6. Figures for the previous year have been rearranged / regrouped wherever necessary.
 
Registered Office :
2 Red Cross Place
Kolkata 700 001

Date : 20th September, 2006		 For and on behalf of the Board
(Sanjay Somany)
Managing Director