GRAPHITE INDIA LIMITED 

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( Regd. Office : 31, Chowringhee Road, Kolkata 700 016 )

  

Unaudited Financial Results for the quarter ended 30th June, 2008

        (Rs.in Lakh)  
     

Quarter ended

Year ended

 

Particulars

30th June

31st March

         

2008

     

2008

2007

(Audited)

           
 

Gross Sales/Income from Operations-Gross

         28,609

         22,702

        115,587

   

Less: Excise Duty on Sales

             1,349

           1,300

          5,682

 

Sales/Income from Operations-Net

         27,260

         21,402

      109,905

           
 

Other Income

             502

             1,726

         3,621

           
 

Total Income

        27,762

23,128

       113,526

           
 

Total Expenditure

     
           
   

(Increase)/decrease in stock in trade

            [5,169]

            [4,210]

         [3,382]

   

Consumption of raw materials

          13,535

          11,577

        47,406

   

Consumption of stores and spare parts

          3,732

          2,482

         12,105

   

Employee cost

           1,980

            1,790

          7,594

   

Electricity charges

          2,476

         2,326

          9,071

   

Depreciation

           837

         845

        3,350

   

Other expenditure

           4,572

         2,698

        13,113

   

Total

           21,963

         17,508

        89,257

           
 

 

        

         

        

           
 

Interest

             605

            961

          3,570

           
 

Profit from Ordinary Activities before Tax

         5,194

       4,659

        20,699

      Tax expense(Net)(Note-7)      
 

- Current

             1788

        1,375

         6,490

      -Earlier Years   70   -   844
 

Profit from Ordinary Activities after Tax

         3,336

       3,284

        13,365

      Extra-ordinary items   -   -   -
 


             

           

        

           
  Net Profit for the Period

3,336

3,284 13,365
         
  Paid up equity Share Capital

3,022

2,938 3,022
                                (Face value Rs 2 each)

-

- [190]
                                 

-

- 261
           
 

Reserves excluding Revaluation Reserve

   

       66,769

         
 

Earnings per share (EPS.)    

 

 

 

           
  Basic EPS (Rs.) 2.21 2.24 9.03
  Diluted EPS (Rs) 1.75 2.24 7.02
 

Public shareholding

     
   

- Number of shares

   72,506,871

68,864,080

 72,886,015

   

- Percentage of shareholding

           47.99

          46.88

         48.24

     

 

 

GRAPHITE INDIA LIMITED

Segment Reporting as per Clause 41 of the Listing Agreement

     

(Rs.in Lakh)

         
 

Particulars

Quarter ended

Year ended

   

30th June

31st March

       

2008

   

2008

2007

(Audited)

1

SEGMENT REVENUE -

     
         
 

Graphite and Carbon

           25,962

        19,598

         100,478

 

Power

             1,726

         1,407

           7,645

 

Unallocated

            1,822

           2,275

            11,274

 

Total

          29,510

     23,280

        119,397

         
 

  Less: Inter Segment Revenue

             2,250

         1,878

           9,492

         
 

Net Sales/Income from Operations

         27,260

    21,402

       109,905

         

2

SEGMENT RESULTS -

     
 

Profit before tax and interest

     
         
 

Graphite and Carbon

             6,520

         3,462

            19,180

 

Power

              176

            301

            2,801

 

Unallocated

              640

            510

            1,517

 

Total

             7,336

         4,273

            23,498

 

  Less:

     
 

  Interest

                605

          961

           3,570

 

  Other un-allocable expenditure - net

               1,537

             (1347)

             (771)

 

Total Profit Before Tax

          5,194

      4,659

         20,699

         

3

CAPITAL EMPLOYED -

     
 

 (Segment Assets - Segment Liabilities)

     
         
 

Graphite and Carbon

          89,915

      85,489

        92,140

 

Power

           7,038

        7,745

          7,328

 

Others

             10,285

       9,394

          9,127

 

Total

        107,238

    102,628

       108,595

   

 

 

Notes :

 
 

1

The above results have been reviewed by the Audit Committee and approved by the Board at its meeting held on 28th July, 2008. The Auditors of the Company have carried out a Limited Review of the financial results for the quarter ended 30th June, 2008 in terms of Clause 41 of the Listing Agreement with Stock Exchanges.

 
 

2

Other expenditure for the quarter ended 30th June, 2008 includes exchange loss of Rs.1314 lakhs, whereas Other income for the corresponding quarter of the previous year includes exchange gain of Rs.1307 lakhs.

 
 

3

Generation of power at hydro electrical plants is seasonal in nature.

 
 

4

Pursuant to a long term agreement to procure power at an agreed rate from a power producer company, the Company has, during the quarter ended 30th June, 2008, subscribed Rs.560 lakhs towards its share capital.

 
  5 In view of the average market price of the equity shares of the Company relevant for the quarter ended 30th June, 2008 being more 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 dilutive and accordingly has been taken into account for computation of diluted earnings per share for the quarter ended 30th June, 2008.
     
 

6

No investor complaint was pending at the beginning of the quarter ended 30th June, 2008. During the quarter, five complaints were received. All the complaints were disposed off / attended to and no complaint was pending as on 30th June, 2008.
 

7

Tax expense comprises current tax, deferred tax and fringe benefit tax.
 

8

Figures for the previous year/period have been re-grouped / re-arranged wherever necessary.
 
   

                   By order of the Board

   

                   For Graphite India Limited

         

Place : Kolkata

                    K.K.Bangur

 

Date  :  28th July, 2008.

                    Chairman

 
         
 
 
 

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