GRAPHITE INDIA LIMITED  Back
  

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

Unaudited Financial Results for the quarter and the half year ended 31st December, 2006

 

(Rs.in Lakh)
   

Quarter ended

Half year ended

Year ended

Particulars

31st December

31st December

31st March,
           

2006
   

2006

2005

2006

2005

(Audited)
             

Sales/Income from Operations-Gross

22,968

17,496

64,334

44,298

64,940
 

Less: Excise Duty on Sales

1,317

925

3,426

2,593

3,541

Sales/Income from Operations-Net

21,651

16,571

60,908

41,705

61,399
             

Other Income

923

332

2,127

909

1,728
             

Total Income

22,574

16,903

63,035

42,614

63,127
             

Total Expenditure

          
             
 

 (Increase)/decrease in stock in trade

(2,212)

(1,917)

(7,304)

 (4,089)

(4,618)
 

 Consumption of raw materials

10,589

7,332

29,145

18,846

26,560
 

 Consumption of stores and spare parts

2,422

1,833

6,950

 5,349

7,684
 

 Staff cost

1,519

1,254

4,521

 3,517

4,933
 

 Electricity charges

2,143

1,562

5,831

4,263

6,162
 

 Other expenditure

2,707

2,584

8,816

6,594

9,530
             

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

5,406

3,485

15,076

8,134

12,876
             

Interest

880

537

2,363

1,313

2,001
             

Profit after Interest

4,526

2,948

12,713

6,821

10,875
             

Depreciation

734

663

2,186

1,831

2,476
             

Profit before Tax and Non-recurring Item

3,792

2,285

20,151

4,990

8,399
             

Add: Non-recurring item [Note 3]

12-

-

9624

-

-
             

Profit before Tax

3,804

2,285

10,527

4,990

8,399
             

Provision for Taxation - Current

780

215

2,235

425

733
                             - Less:MAT Credit -  -  -  -  (190) 
                             - Earlier Years - - 8 - 261
                             - Deferred 307 530 872 975 1,235
                             - Fringe Benefit 10 20 50 52 65
             

Net Profit

2,707  1,520 16,981  3,538

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.) 1.84 1.03 11.56 2.41 4.29
 

 

 

 

 

 

 
Basic and Diluted Earnings per share excluding Non-recurring Item (Rs.) 1.83 1.03 5.01 2.41 4.29
 

 

 

 

 

 

 
Aggregate of public shareholding          
  - Number of shares 68,864,080 68,447,920 68,864,080 68,447,920 68,447,920
  - Percentage of shareholding  46.88 46.60 46.88 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
   

31st December

31st December

31st March,
           

2006
   

2006

2005

2006

2005

(Audited)

1

SEGMENT REVENUE -

          
             
 

Graphite and Carbon

19,429

15,400

55,762

 39,266

56,888
 

Power

1,765

1,743

 5,251 4,830

7,285
 

Others

2,690

1,421

 6,387 3,053

5,341
 

Total

23,884

18,564

 67,400 47,149

69,514
   
 
 
   
 
 

  Less: Inter Segment Revenue

2,233

1,993

 6,492 5,444

8,115
   
 
 
 
 
 
 

Sales/Income from
Operations-Net

21,651

16,571

60,908

41,705

61,399
   
 
 
 
 
 

2

SEGMENT RESULTS -
 
 
 
 
 
 

Profit before tax and interest
 
 
 
 
 
   
 
 
 
 
 
 

Graphite and Carbon

2,553

2,132

18,422

4,775

      6,733
 

Power

822

612

 2,296 1,625

      2,959
 

Others

525

275

 1,274 491

         987
 

Total

3,900

3,019

 21,992 6,891

     10,679
 

  Less:
 
 
   
 
 

    Interest

880

537

 2,363 1,313

      2,001

 

   Other un-allocable
   expenditure/(income) - net

(784)

197

(522)

 588

279
 

Total Profit Before Tax

3,804

                2,285

                20,151

 4,990

    8,399
   
 
 
 
 
 

3

CAPITAL EMPLOYED -
 
 
 
 
 
 

 (Segment Assets -
   Segment Liabilities)
 
 
 
 
 
   
 
 
 
 
 
 

Graphite and Carbon

82,367

64,633

82,367

64,633

68,966
 

Power

8,111

9,089

 8,111

9,089

8,616
 

Others

 7,547

4,262

 7,547

4,262

5,646
 

Total

                  98,025

              77,984

 98,025

                77,984

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 31st December, 2006 in terms of Clause 41 of the Listing Agreement with Stock Exchanges.
   

2

The Board of Directors at its meeting held on 31st December, 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 31st December, 2006. During the quarter, six complaints were received. Five complaints were disposed off / attended to and one complaint was pending as of 31st December, 2006.