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GRAPHITE
INDIA LIMITED |
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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, 2008
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(Rs.in
Lakh) |
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Quarter
ended |
Year ended |
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Particulars |
30th June |
31st March |
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2008 |
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2008 |
2007 |
(Audited) |
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Gross Sales/Income from Operations-Gross |
28,609 |
22,702 |
115,587 |
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Less: Excise Duty on Sales |
1,349 |
1,300 |
5,682 |
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Sales/Income from Operations-Net |
27,260 |
21,402 |
109,905 |
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Other Income |
502 |
1,726 |
3,621 |
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Total Income |
27,762 |
23,128 |
113,526 |
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Total Expenditure |
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(Increase)/decrease in stock in trade |
[5,169] |
[4,210] |
[3,382] |
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Consumption of raw materials |
13,535 |
11,577 |
47,406 |
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Consumption of stores and spare parts |
3,732 |
2,482 |
12,105 |
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Employee cost |
1,980 |
1,790 |
7,594 |
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Electricity charges |
2,476 |
2,326 |
9,071 |
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Depreciation |
837 |
845 |
3,350 |
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Other expenditure |
4,572 |
2,698 |
13,113 |
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Total |
21,963 |
17,508 |
89,257 |
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Interest |
605 |
961 |
3,570 |
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Profit from Ordinary Activities before Tax |
5,194 |
4,659 |
20,699 |
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Tax expense(Net)(Note-7) |
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- Current |
1788 |
1,375 |
6,490 |
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-Earlier Years |
70 |
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844 |
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Profit from Ordinary Activities after Tax |
3,336 |
3,284 |
13,365 |
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Extra-ordinary items |
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Net Profit for the Period |
3,336 |
3,284 |
13,365 |
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Paid up equity Share Capital |
3,022 |
2,938 |
3,022 |
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(Face value Rs 2 each) |
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[190] |
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261 |
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Reserves excluding Revaluation Reserve |
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66,769 |
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Earnings per share (EPS.) |
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Basic EPS (Rs.) |
2.21 |
2.24 |
9.03 |
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Diluted EPS (Rs) |
1.75 |
2.24 |
7.02 |
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Public shareholding |
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- Number of shares |
72,506,871 |
68,864,080 |
72,886,015 |
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- Percentage of shareholding |
47.99 |
46.88 |
48.24 |
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GRAPHITE INDIA LIMITED |
| Segment Reporting as per Clause 41 of the
Listing Agreement |
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(Rs.in Lakh) |
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Particulars |
Quarter ended |
Year ended |
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30th June |
31st March |
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2008 |
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2008 |
2007 |
(Audited) |
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1 |
SEGMENT REVENUE - |
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Graphite and Carbon |
25,962 |
19,598 |
100,478 |
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Power |
1,726 |
1,407 |
7,645 |
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Unallocated |
1,822 |
2,275 |
11,274 |
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Total |
29,510 |
23,280 |
119,397 |
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Less: Inter Segment Revenue |
2,250 |
1,878 |
9,492 |
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Net Sales/Income from Operations |
27,260 |
21,402 |
109,905 |
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2 |
SEGMENT RESULTS - |
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Profit before tax and interest |
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Graphite and Carbon |
6,520 |
3,462 |
19,180 |
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Power |
176 |
301 |
2,801 |
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Unallocated |
640 |
510
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1,517 |
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Total |
7,336 |
4,273 |
23,498 |
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Less: |
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Interest |
605 |
961 |
3,570 |
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Other un-allocable expenditure - net |
1,537 |
(1347) |
(771) |
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Total Profit Before Tax |
5,194 |
4,659 |
20,699 |
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3 |
CAPITAL EMPLOYED - |
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(Segment Assets - Segment Liabilities) |
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Graphite and Carbon |
89,915 |
85,489 |
92,140 |
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Power |
7,038 |
7,745 |
7,328 |
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Others |
10,285 |
9,394 |
9,127 |
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Total |
107,238 |
102,628 |
108,595 |
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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 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. |
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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. |
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3 |
Generation of power at hydro electrical plants is seasonal in nature. |
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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. |
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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, 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. |
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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. |
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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 |
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For Graphite India Limited |
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Place
: Kolkata |
K.K.Bangur |
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Date
: 28th July, 2008. |
Chairman |
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