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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 and the nine months
ended 30th June,2009
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(Rs.in Lakh) |
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Quarter ended |
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Year ended |
| Particulars |
30th June |
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31st March, |
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2009 |
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2009 |
2008 |
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| Gross Sales/Income from Operations |
24,451
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28,609
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118,273 |
| Less: Excise Duty on Sales |
1,007
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1,349
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5,685
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| Net Sales/Income from Operations |
23,444
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27,260
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112,588
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| Other Operating Income |
- |
- |
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- |
| Total Income |
23,444
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27,260
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112,588
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| Expenditure |
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| (Increase)/decrease in stock in trade and Work in Progress |
1,901 |
(5,169)
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(11,511)
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| Consumption of raw materials |
6,851
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13,535 |
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49,576
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| Consumption of stores and spare parts |
1,795
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3,732
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14,336
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| Purchase of traded goods |
- |
- |
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- |
| Employee cost |
1,847
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1,980
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7,499
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| Electricity charges |
1,826
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2,476
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10,350
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| Depreciation |
981
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837
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3,435
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| Other expenditure |
2,416
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4,572
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19,125
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| Total |
17,617
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21,963
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92,810
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| Profit from Operations before Other Income, Interest & Exceptional Items |
5,827
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5,297
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19,778
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| Other Income |
1,578
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502
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2,891 |
| Profit before Interest & Exceptional Items |
7,405
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5,799
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22,669 |
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| Interest |
387
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605
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2,594
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| Profit After Interest but before Exceptional Items |
7,018
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5,194
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20,075
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| Exceptional
items |
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- |
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| Profit from Ordinary Activities before tax |
7,018
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5194 |
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20,075
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| Tax expense (Net)
(Note-7) |
- |
- |
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| -Current |
2,500
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1,788
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(660)
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| -Earlier Years |
- |
70
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1,378
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| Net Profit from Ordinary Activities after tax |
4,518
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3,336
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19,357
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| Extraordinary Items |
- |
- |
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| Net Profit for the period |
4,518
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3,336
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19,357
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Paid-up equity share capital
( Face Value Rs.2/- each ) |
3,022 |
3,022
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3,022 |
| Reserves excluding Revaluation Reserve |
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98,419 |
| Earnings Per Share (EPS)-Face Value Rs.2/- each |
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| Basic EPS (Rs.) |
2.64 |
2.21
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12.55 |
| Diluted EPS (Rs.) |
2.64
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1.75
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12.55
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| Aggregate of public shareholding |
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| - Number of shares |
68,470,106
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72,506,871
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70,780,604 |
| - Percentage of shareholding |
45.32
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47.99
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46.85
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| Promoters and Promoter Group |
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| a)Pledged/Encumbered |
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| - No of Shares |
- |
-
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- Percentage of shares (as a % of the
total shareholding of promoter and promoter
group)
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-
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- |
- Percentage of shares (as a % of the
total share capital of the company)
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-
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b)Non-encumbered
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| - No of Shares |
82,614,695
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80,304,197
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- Percentage of shares (as a % of the
total shareholding of the promoter and
promoter group)
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100 |
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100 |
- Percentage of shares (as a % of the
total share capital of the company)
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54.68
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53.15
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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 |
Quarter
ended |
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Year
ended |
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30th
June |
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31st
March, |
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2009 |
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2009 |
2008 |
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(Audited) |
| 1 |
SEGMENT
REVENUE - |
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Graphite
and Carbon |
20,046
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25,962
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105,008
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Power |
543
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1,726
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5,996
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Steel |
1,418 |
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923 |
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Unallocated |
2,144 |
1,822 |
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8,841 |
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Total |
24,151 |
29,510 |
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120,768 |
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Less:
Inter Segment Revenue |
707 |
2,250 |
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8,180 |
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Sales/Income
from Operations-Net |
23,444 |
27,260 |
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112,588 |
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| 2 |
SEGMENT
RESULTS - |
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Profit
before tax and interest |
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Graphite
and Carbon |
6,465
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6,520 |
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23,725
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Power |
37 |
176 |
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1,709 |
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Steel |
(226) |
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(154) |
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Unallocated |
415 |
640 |
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1,898 |
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Total |
6,691 |
7,336 |
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27,178 |
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Less: |
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Interest |
387 |
605 |
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2,594 |
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Other
un-allocable expenditure/(income) (net) |
(714) |
1,537 |
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4,509 |
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Total
Profit Before Tax |
7,018 |
5,194 |
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20,075 |
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| 3 |
CAPITAL
EMPLOYED - |
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(Segment
Assets - Segment Liabilities) |
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Graphite
and Carbon |
88,769
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89,915
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90,963
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Power |
6,291
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7,038
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6,535
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Steel |
18,157 |
7,038 |
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18,584 |
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Unallocated |
8,961
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10,285
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9,199
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Total |
122,178
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107,238 |
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125,281 |
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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, 2009. The Auditors of the Company
have carried out a Limited Review of
the financial results for the quarter
and the nine months ended 30th June,
2009 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,
2009 includes exchange gain of Rs.1004
lakhs, whereas Other expenditure for
the quarter ended 30th June, 2008 and
for the year ended 31st March, 2009
includes exchange loss of Rs.1314 lakhs
and Rs.6270 lakhs respectively.
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| 3 |
Paid
up Equity Share Capital as on 31st March,
2009 and 30th June, 2009 does not include
Rs.397.76 lakhs being the face value
of equity shares allotted after 30th
June, 2009 pursuant to an approved Scheme
of Arrangement. However, the above equity
shares have been considered for the
purpose of computation of earnings per
share for the aforesaid periods.
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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, 2009 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 earnings
per share for the quarter ended 30th
June, 2009.
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| 6 |
No investor
complaint was pending at the beginning
of the quarter ended 30th June, 2009.
During the quarter,six complaints were
received. All the complaints were disposed
off / attended to and no complaint was
pending as on 30th June, 2009. |
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| 7 |
Tax expense comprises
current tax, deferred tax and fringe benefit
tax.
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| 8 |
Figures
for the previous year / period have
been re-grouped / re-arranged wherever
necessary.
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By
order of the Board
For Graphite India Limited |
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Place : Kolkata
Date :31st July, 2009.
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K.K.Bangur
Chairman
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