Financial Results 31 Dec 2009,GIL

GRAPHITE INDIA LIMITED

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

Unaudited Financial Results for the quarter and the nine months ended 31st December,2009

					(Rs.in Lakh)
	Quarter ended		Nine months ended		Year ended
Particulars	31st December		31st December		31st March,
					2009
	2009	2008	2009	2008	(Audited)
Gross Sales/Income from Operations	29,076	28,154	82,741	97,096	1,18,273
Less: Excise Duty on Sales	1,182	1,363	3,478	4,842	5,685
Net Sales/Income from Operations	27,894	26,791	79,263	92,254	1,12,588
Other Operating Income	-	-	-	-	-
Total Income	27,894	26,791	79,263	92,254	1,12,588

Expenditure
(Increase)/decrease in stock in trade and Work in Progress	(356)	(6,111)	3,074	(11,534)	(11,511)
Consumption of raw materials	10,073	14,511	24,509	42,812	49,576
Consumption of stores and spare parts	1,944	3,886	5,560	12,131	14,336
Purchase of traded goods	-	-	-	-	-
Employees cost	1,869	1,896	5,456	5,782	7,499
Electricity charges	1,756	3,116	5,759	8,138	10,350
Depreciation	975	827	2,928	2,501	3,435
Other expenditure	2,336	4,009	6,851	15,019	19,125

Total	18,597	22,134	54,137	74,849	92,810
Profit from Operations before Other Income, Interest & Exceptional Items	9,297	4,657	25,126	17,405	19,778
Other Income	590	488	2,837	1,397	2,891
Profit before Interest & Exceptional Items	9,887	5,145	27,963	18,802	22,669

Interest	172	586	865	1,811	2,594
Profit After Interest but before Exceptional Items	9,715	4,559	27,098	16,991	20,075
Exceptional items	-	-	-	-	-

Profit from Ordinary Activities before tax	9,715	4,559	27,098	16,991	20,075

Tax expense (Net) (Note-6)
-Current	3,360	1,628	9,385	5,889	(660)
-Earlier Years	57	-	57	70	1,378
Net Profit from Ordinary Activities after tax	6,298	2,931	17,656	11,032	19,357
Extraordinary Items	-	-	-	-	-
Net Profit for the period	6,298	2,931	17,656	11,032	19,357
Paid-up equity share capital ( Face Value Rs.2/- each )	3,420	3,022	3,420	3,022	3,022
Reserves excluding Revaluation Reserve	-	-	-	-	98,419
Earnings Per Share (EPS)-Face Value Rs.2/- each
Basic EPS (Rs.)	3.68	1.94	10.33	7.30	12.55
Diluted EPS (Rs.)	3.47	1.94	9.24	7.30	12.55
Public shareholding
- Number of shares	7,39,51,903	7,07,80,604	7,39,51,903	7,07,80,604	7,07,80,604
- Percentage of shareholding	43.25	46.85	43.25	46.85	46.85
Promoters and Promoter group shareholding

a) Pledged/Encumbered
- Number of shares	-	-	-	-	-
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)	-	-	-	-	-
- Percentage of shares (as a % of the total share capital of the company)	-	-	-	-	-
b) Non-encumbered
- Number of shares	9,70,21,234		9,70,21,234		8,03,04,197
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)	100.00		100.00		100.00
- Percentage of shares (as a % of the total share capital of the company)	56.75		56.75		53.15

Segment Reporting as per Clause 41 of the Listing Agreement

				(Rs.in Lakh)
	Particulars	Quarter ended		Nine months ended		Year ended
		31st December		31st December		31st March,
						2009
		2009	2008	2009	2008	(Audited)
1	SEGMENT REVENUE -
	Graphite and Carbon	24,223	24,316	67,313	87,963	1,05,008
	Power	941	1,434	1,996	4,996	5,996
	Steel	1,701	-	4,610	-	923
	Unallocated	2,274	2,882	8,013	5,766	8,841
	Total	29,139	28,632	81,932	98,725	1,20,768
	Less: Inter Segment Revenue	1,245	1,841	2,669	6,471	8,180
	Sales/Income from Operations-Net	27,894	26,791	79,263	92,254	1,12,588

2	SEGMENT RESULTS -
	Profit before tax and interest
	Graphite and Carbon	8,344	4,428	23,628	19,888	23,725
	Power	717	446	1,276	1,445	1,709
	Steel	(36)	-	(533)	-	(154)
	Unallocated	553	747	2,580	1,577	1,898
	Total	9,578	5,621	26,951	22,910	27,178
	Less:
	Interest	172	586	865	1,811	2,594
	Other un-allocable expenditure/(income) (net)	(309)	476	(1,012)	4,108	(771)
	Total Profit Before Tax	9,715	4,559	27,098	16,991	20,075

3	CAPITAL EMPLOYED -
	(Segment Assets - Segment Liabilities)
	Graphite and Carbon	1,00,055	96,650	1,00,055	96,650	90,963
	Power	6,271	6,934	6,271	6,934	6,535
	Steel	17,218	-	17,218	-	18,584
	Unallocated	7,580	9,527	7,580	9,527	9,199
	Total	1,31,124	1,13,111	1,31,124	1,13,111	1,25,281

Notes :

The above results have been reviewed by the Audit Committee and approved by the Board at its meeting held on 28th January, 2010. The Auditors of the Company have carried out a Limited Review of the financial results for the quarter and the nine months ended 31st December, 2009 in terms of Clause 41 of the Listing Agreement with Stock Exchanges.

Other expenditure for the quarter and the nine months ended 31st December, 2009 includes exchange gain of Rs.142 lakhs and Rs.1253 lakhs respectively, whereas Other expenditure for the corresponding quarter and the nine months ended 31st December, 2008 includes exchange loss of Rs.1079 lakhs and Rs.4998 lakhs respectively. Such loss for the year ended 31st March, 2009 was Rs.6270 lakhs.

Paid up Equity Share Capital as on 31st March, 2009 does not include Rs.397.76 lakhs being the face value of equity shares allotted on 7th July, 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 period.

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

No investor complaint was pending at the beginning of the quarter ended 31st December, 2009. During the quarter, 22 complaints were received. All the complaints were disposed off / attended to and no complaint was pending as on 31st December, 2009.

Tax expense comprises current tax, deferred tax and also fringe benefit tax, where applicable.

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
Date : 28th January , 2010.

K.K.Bangur
Chairman