GRAPHITE INDIA LIMITED  Back
  

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

Unaudited Financial Results for the quarter and the half year ended 30th September, 2006

 

(Rs.in Lakh)
   

Quarter ended

Half year ended

Year ended

Particulars

30th September

30th September

31st March,
           

2006
   

2006

2005

2006

2005

(Audited)
             

Sales/Income from Operations-Gross

22,707

14,548

41,366

26,802

64,940
 

Less: Excise Duty on Sales

1,131

875

2,109

1,668

3,541

Sales/Income from Operations-Net

21,576

13,673

39,257

25,134

61,399
             

Other Income

823

338

1,204

577

1,728
             

Total Income

22,399

14,011

40,461

25,711

63,127
             

Total Expenditure

          
             
 

 (Increase)/decrease in stock in trade

(2,188)

(969)

(5092)

 (2,892)

(4,618)
 

 Consumption of raw materials

10,137

5,985

18,556

 11,514

26,560
 

 Consumption of stores and spare parts

2,432

1,899

4,528

 3,466

7,684
 

 Staff cost

1,384

1,161

3,002

 2,263

4,933
 

 Electricity charges

1,853

1,295

3,688

2,701

6,162
 

 Other expenditure

3,284

1,916

6,109

4,010

9,530
             

Profit before Interest, Depreciation, Tax and Non-recurring Item

5,497

2,724

9,670

4,649

12,876
             

Interest

818

432

1,483

776

2,001
             

Profit after Interest

4,679

2,292

8,187

3,873

10,875
             

Depreciation

728

 591

1,452

1,168

2,476
             

Profit before Tax and Non-recurring Item

3,951

1,701

6,735

2,705

8,399
             

Add: Non-recurring item [Note 3]

-

-

9612

-

-
             

Profit before Tax

3,951

1,701

16,347

2,705

8,399
             

Provision for Taxation - Current

855

80

1,455

210

733
                             - Less:MAT Credit -  -  -  -  (190) 
                             - Earlier Years 8 - 8 - 261
                             - Deferred 335 320 565 445 1,235
                             - Fringe Benefit 10 17 45 32 65
             

Net Profit

2,743  1,284  14,274  2,018 

6,295
             

Paid-up Equity Share Capital

2,938

2,938

2,938

2,938

2,938
  ( Face Value Rs.10/- each )           
             

Reserves excluding Revaluation Reserve

         42,461 
             
Basic and Diluted Earnings per share (Rs.) 9.34 4.37 48.58 6.87 21.43
 

 

 

 

 

 

 
Basic and Diluted Earnings per share excluding Non-recurring Item (Rs.) 9.34 4.37 15.87 6.87 21.43
 

 

 

 

 

 

 
Aggregate of public shareholding          
  - Number of shares 13,522,816 13,689,676 13,522,816 13,689,676 13,689.584
  - Percentage of shareholding  46.03  46.60  46.03  46.60   46.60 
 
Segment Reporting as per Clause 41 of the Listing Agreement
 
           

(Rs.in Lakh)
             
 

Particulars

Quarter ended

Half year ended

Year ended
   

30th September

30th September

31st March,
           

2006
   

2006

2005

2006

2005

(Audited)

1

SEGMENT REVENUE -

          
             
 

Graphite and Carbon

20,748

12,966

36,333

 23,866

56,888
 

Power

1,958

1,777

 3,486 3,087

7,285
 

Others

1,315

885

 3,697 1,632

5,341
 

Total

24,021

15,628

 43,516 28,585

69,514
   
 
 
   
 
 

  Less: Inter Segment Revenue

2,445

1,955

 4,259 3,451

8,115
   
 
 
 
 
 
 

Sales/Income from
Operations-Net

21,576

13,673

39,257

25,134

61,399
   
 
 
 
 
 

2

SEGMENT RESULTS -
 
 
 
 
 
 

Profit before tax and interest
 
 
 
 
 
   
 
 
 
 
 
 

Graphite and Carbon

3,373

1,517

15,869

 2,643

      6,733
 

Power

875

679

 1,474 1,013

      2,959
 

Others

192

141

 749 216

         987
 

Total

4,440

2,337

 18,092 3,872

     10,679
 

  Less:
 
 
   
 
 

    Interest

818

432

 1,483 776

      2,001

 

   Other un-allocable
   expenditure/(income) - net

(329)

204

262

 391

279
 

Total Profit Before Tax

3,951

                  1,701

                16,347

 2,705

    8,399
   
 
 
 
 
 

3

CAPITAL EMPLOYED -
 
 
 
 
 
 

 (Segment Assets -
   Segment Liabilities)
 
 
 
 
 
   
 
 
 
 
 
 

Graphite and Carbon

78,569

61,635

78,569

61,635

68,966
 

Power

8,515

9,066

 8,515

9,066

8,616
 

Others

 7,153

3,644

 7,153

3,644

5,646
 

Total

                   94,237

               74,345

 94,237

                74,345

 83,228
* including non-recurring item Rs.9612 Lakh as indicated in Note 3 below.
 

Notes :
   

1

The above results have been reviewed by Audit Committee and approved by the Board at its meeting held on 30th October, 2006. The Auditors of the Company have carried out a Limited Review of the financial results for the quarter and the half year ended 30th September, 2006 in terms of Clause 41 of the Listing Agreement with Stock Exchanges.
   

2

The Board of Directors at its meeting held on 30th October, 2006 have decided to split the face value of equity share in the Company from the present value of Rs.10/- each to Rs.2/- each, subject to the compliance of related formalities.
   

3

Non-recurring item represents profit arising from the sale of a part of land at Bangalore.
   

4

In view of the average market price of equity shares of the Company being less than the applicable conversion price, the conversion price 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.
   

5

Generation of power at hydro electrical plants is seasonal in nature.
   
6 No investor complaint was pending at the beginning of the quarter ended 30th September, 2006. During the quarter, six complaints were received. Five complaints were disposed off / attended to and one complaint was pending as of 30th September, 2006.