FINANCIALS

Q1: 2004-05

FINE - LINE CIRCUITS LIMITED
REGD. OFFICE : 145 SDF - V, SEEPZ, ANDHERI (EAST), MUMBAI - 400 096.
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 30.06.2004
				(Rs in Lacs)
	Particulars	Quarter Ended		Previous
		30.06.2004	30.06.2003	Year Ended
		(Unaudited)		31.03.2004
				(Audited)
1	Sales / Income from Operations
	(a )  Exports	448.58	378.70	1604.63
	(b )  Domestic	17.14	10.17	31.56
	(c )  Other Income	0.21	0.95	7.72
2	Total Revenue	465.93	389.82	1643.91
3	Total Expenditure
	(a)   Decrease in stock-in-trade	22.62	11.19	-22.78
	(b)    Consumption of raw materials	196.67	160.94	743.13
	(c)    Staff cost	57.88	45.99	191.30
	(d)    Other expenditure  :
	(i)   Others	112.75	114.89	504.55
		389.92	333.01	1416.20
4	Profit before Interest, Depreciation and Tax	76.01	56.81	227.71
5	Interest	0.00	0.00	0.00
6	Depreciation	47.54	32.24	150.22
7	Profit before tax	28.47	24.57	77.49
8	Provision for tax          :   (a )  Current tax	9.47	13.65	35.58
	(b )  Deferred tax	(5.51)	(9.04)	(15.33)
9	Profit after tax	24.51	19.96	57.24
10	Excess/ (Short) provision of tax for earlier years	0.00	0.00	0.00
11	Profit for the period	24.51	19.96	57.24
12	Paid-up equity share capital	482.65	504.30	483.61
	(Face value Rs.10)
13	Reserve excluding revaluation reserve			345.55
14	Earnings per share  (Re.)
	Basic & diluted earning per share (Not Annualised)	0.51	0.40	1.13
15	Aggregate of non promoter shareholding
	-  No of Shares	3065986	3217898	3075586
	-  Percentage of shareholding	63.77%	64.05%	63.84%
1	The Company has business in only one segment  ( i.e. Printed Circuits Boards )
2	Depreciation on fixed assets is provided under W.D.V. methods at rates prescribed by Schedule XIV of
	Companies Act, 1956 except Drilling machines and testing equipment at higher rates as per management's
	evaluationof the useful life of the assets.
3	a) The Company bought back 5,84,814 shares upto 15.05.2004 under the Buyback scheme opted by the Company.
	b) The Company propose to further buyback within 25% of equity share capital of the Company through the open
	market route, using the electronics trading facility of the Stock Exchange, Mumbai when approved by the
	shareholders in the ensuring Annual General Meeting and such terms and conditions as may be determined by
	the Board of Directors of the Company.
4	Information on investor complaints for the quarter ended 30th June, 2004, pursuant to amended clause 41 of the
	listing agreement.
	Opening number    |    Additions      |         Disposals      |       Closing numbers
	2              |         2             |             4                |                 Nil
5	The  above  results  were reviewed by the Audit Committee and taken  on  record  at  the meeting of the Board
	Directors of the Company held on  29th July, 2004.
6	The Statutory Auditors of the Company have conducted a "Limited Review" of the Financial Results for the quarter
	ended 30th June, 2004.
			By Order of the Board
	Place   :  Mumbai		ABHAY  B.  DOSHI
	Date     :  29th July, 2004		Managing Director