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GRAPHITE
INDIA LIMITED |
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Back |
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(
Regd. Office : 31, Chowringhee Road, Kolkata 700 016 )
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Unaudited Financial Results for the quarter ended 30th June, 2007
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(Rs.in
Lakh) |
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Quarter
ended |
Year
ended |
| Particulars |
30th June |
31st
March, |
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2007 |
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2007 |
2006 |
(Audited) |
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| Sales/Income
from Operations-Gross |
22,702 |
18,659 |
90,001 |
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Less:
Excise Duty on Sales |
1,300 |
978 |
5,016 |
| Sales/Income
from Operations-Net |
21,402 |
17,681 |
84,985 |
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| Other
Income |
1,726 |
381 |
3,833 |
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| Total
Income |
23,128 |
18,062 |
88,818 |
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| Total
Expenditure |
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(Increase)/decrease
in stock in trade |
(4,210) |
(2,904)
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(7,085) |
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Consumption
of raw materials |
11,577 |
8,403 |
38,556 |
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Consumption
of stores and spare parts |
2,482
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2,112 |
9,983 |
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Staff
cost |
1,790 |
1,618 |
6,342 |
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Electricity
charges |
2,326 |
1,835 |
8,657 |
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Other
expenditure |
2,698 |
2,825 |
11,986 |
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| Profit
before Interest, Depreciation, Tax and Non-recurring
Item |
6,465 |
4,173 |
20,379 |
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| Interest |
961 |
665 |
3,215 |
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| Profit
after Interest |
5,504 |
3,508 |
17,164 |
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| Depreciation |
845 |
724 |
2,993 |
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| Profit
before Tax and Non-recurring Item |
4,659 |
2,784 |
14,171 |
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| Add:
Non-recurring item [Note 3] |
- |
9,612 |
9,624 |
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| Profit
before Tax |
4,659 |
12,396 |
23,795 |
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| Provision
for Taxation - Current |
1,180 |
600 |
2,750 |
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Less:MAT Credit |
-
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(90)
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Earlier
Years |
-
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(177) |
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Deferred |
170 |
230 |
1,850 |
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Fringe
Benefit |
25 |
35 |
75 |
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| Net
Profit |
3,284 |
11,531
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19,387 |
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| Paid-up
Equity Share Capital |
2,938 |
2,938 |
2,938 |
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(
Face Value Rs.2 each ) |
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| Reserves
excluding Revaluation Reserve |
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56,481
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| Basic EPS at Face Value of Rs.
2 per share (Rs.) |
2.24 |
7.85 |
13.20 |
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| Diluted EPS at Face Value of
Rs. 2 per share (Rs.) |
2.24 |
7.85 |
10.90 |
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Basic EPS at Face Value
of Rs. 2 per share excluding Non-recurring
Item (Rs.) |
2.24 |
1.31 |
7.38 |
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Diluted EPS at Face Value
of Rs. 2 per share excluding Non-recurring Item (Rs.) |
2.24 |
1.31 |
6.10 |
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| Aggregate
of public shareholding |
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Number of shares |
68,864,080 |
67,614,080 |
68,864,080
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Percentage of shareholding |
46.88
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46.03
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46.88
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Segment Reporting
as per Clause 41 of the Listing Agreement |
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(Rs.in Lakh)
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Particulars
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Quarter ended
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Year ended
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30th June
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31st March,
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2007
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2007
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2006
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(Audited)
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1
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SEGMENT REVENUE -
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Graphite and Carbon
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19,598
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15,585
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78,255
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Power
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1,407
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1,528
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6,714
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Others
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2,275
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2,382
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8,479
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Total
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23,280
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19,495
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93,448
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Less: Inter Segment Revenue
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1,878
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1,814
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8,463
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Sales/Income from
Operations-Net
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21,402
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17,681
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84,985
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2
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SEGMENT RESULTS -
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Profit before tax and interest
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Graphite and Carbon
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3,462
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12,496
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21,537
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Power
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301
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599
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3,025
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Others
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510
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557
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1,381
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Total
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4,273
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13,652
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25,943
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Less:
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Interest
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961
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665
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3,215
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Other un-allocable
expenditure/(income)
- net
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(1,347)
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591
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(1,067)
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Total Profit Before Tax
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4,659
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12,396
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23,795
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3
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CAPITAL EMPLOYED -
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(Segment Assets -
Segment Liabilities)
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Graphite and Carbon
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85,489
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70,980
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83,674
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Power
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7,745
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8,309
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8,096
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Others
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9,394
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6,714
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8,358
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Total
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102,628
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86,003
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100,128
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* includes
non-recurring item (Note 3) |
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9,612 |
9,624 |
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Notes
: |
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| 1 |
The
above results have been reviewed by the Audit Committee
and approved by the Board at its meeting held
on 31st July, 2007. The Auditors of the Company
have carried out a Limited Review of the financial
results for the quarter ended 30th June, 2007 in terms of Clause 41 of
the Listing Agreement with Stock Exchanges. |
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| 2 |
Other Income for the quarter
ended 30th June, 2007 includes foreign exchange gain (net) of
Rs.1,307 lakh. |
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| 3 |
Non-recurring
item represents profit arising from the sale of
a part of land at Bangalore. |
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| 4 |
Generation
of power at hydro electrical plants is seasonal
in nature. |
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| 5 |
In
view of the average market price of the equity shares of the Company relevant
for the quarter ended 30th June,2007 being less than the applicable
conversion price, the conversion option embedded
in the 1% Foreign Currency Convertible Bonds (FCCB)
issued on 19th October, 2005 is considered as
anti-dilutive and accordingly has not been taken
into account for computation of diluted earning per share for the
quarter. |
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| 6 |
Pursuant to sub-division
of the Company's equity shares of Rs.10/- each fully paid-up into five equity shares
of Rs.2/- each fully paid-up in December, 2006, EPS for the corresponding quarter
ended 30th June,2006 has been restated based on the revised number of shares. Further,
comparative figure relating to number of shares shown under "Aggregate of public
shareholding" has also been restated. |
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| 7 |
No
investor complaint was pending at the beginning
of the quarter ended 30th June,
2007. During
the quarter, twelve complaints were received. All the
complaints were disposed off/ attended to
and there were no complaints pending as of
30th June, 2007. |
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8 |
Figures
for the previous period have been re-grouped / re-arranged
where necessary. |
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By
order of the Board
For Graphite India Limited
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Place : Kolkata
Date : 31st July , 2007.
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K.K.Bangur
Chairman
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