ZODIAC CLOTHING COMPANY LIMITED
Regd. Office : 10/76, Off. Haines Road, Worli, Mumbai - 400 018
UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER ENDED 30TH JUNE 2004.

                                                                                                                                                                                                                   Rs.  in Lakhs
NO. PARTICULARS QUARTER 
ENDED ON 
30.06.04 
UNAUDITED 		  QUARTER 
 ENDED ON 
 30.06.03 
 UNAUDITED 		   YEAR 
 ENDED ON 
 31.03.04 
 AUDITED 
1. Net Sales / Income from Operations  3,319   3,717   16,214 
2. Other Income  5  9  162 
3. Total Expenditure   3,079    3,458    14,895 
a.(Increase) / decrease in stock in trade   (93)   (29)   109 
b. Consumption of raw material   1,444   1,630   6,656 
c. Purchase of Finished Goods   121    255    1,071 
d. Staff cost   443   388    1,842 
e. Manufacturing and other expenditure   1,164    1,214   5,217 
4. Interest  13   26   56 
5. Depreciation  30   20  103 
6. Gross Profit after interest and Depreciation but before extraordinary & prior period Expenses/Income and Taxation (1+2-3-4-5)  202   222   1,322 
7. Extraordinary & prior period Expenses  31   3   22 
8. Provision for Taxation (current)  57   65   348 
9. Profit before deferred tax (6-7-8)   114   154   952 
10. Provision for deferred tax  7   5  49
11. Net Profit  (9-10)   107   149   903 
12. Paid -up Equity Share Capital (Face value Rs.10/-per share)  343   343   343 
13 Reserves  excluding revaluation reserves 5236
14. Earning per share (Rs.) (basic & diluted)  3.12   4.34   26.33 
15. Aggregate of non-promoter shareholding
- Number of Shares  886,554   897,390  863,825 
- Percentage of Shareholding 25.84 26.15 25.18
Notes:

1. The above unaudited financial results were taken on record by the Board of Directors in their meeting held on 24th July 
    2004. 
2. The Income Tax provision including deferred taxation for the quarter is on estimated basis. The actual provision will be 
    made at the year end. 
3. The above unaudited financial results for the quarter ended 30-6-2004 were reviewed by the statutory auditors of the 
    Company,and also by the Audit Committee. 
4. Segments have been identified in line with the accounting standard on segment reporting taking into account the 
    organisation structure as well the differential risk and returns of these segments. The company operates mainly in the 
    Garment and accessories segment and has no reportable business segment which exceeds 10% of the total turnover as 
    required by the accounting standard (AS - 17) of ICAI. 
5. There were no investor complaints pending at the beginning of the current quarter.Eleven complaints were received during 
    the quarter and were duly attended. There is no pending complaint at the end of the quarter. 
6. The company has applied to DGFT for grant of Duty Free Credit Entitlement Certificate,   but the same has not been 
    issued by DGFT till date .Consequently the company has not recognised the benefit accruing from the same in the above 
   financial statement on the  grounds of prudence &conservatism. Had the same been considered , the profit for the  period 
   would have been higher . 
7. Previous year figures have been regrouped, wherever necessary. 

            BY ORDER OF THE BOARD
For Zodiac Clothing Company Ltd.
 

Vice Chairman & Managing Director  

Date : 24th July 2004
Place : Mumbai