|
|
|
|
| |
GRAPHITE INDIA LIMITED |
|
|
| |
(Regd.
Office : 31, Chowringhee Road, Kolkata 700 016 ) |
|
Unaudited
Financial Results for the quarter and the nine months ended
31st December, 2005 |
|
|
|
|
|
|
|
|
|
|
(Rs.in
Lakh) |
|
|
|
Quarter
ended |
Nine
months ended |
Year
ended |
|
Particulars |
31st
December |
31st
December |
31st
March, |
|
|
|
|
|
|
|
2005 |
|
|
|
2005 |
2004 |
2005 |
2004 |
(Audited) |
|
|
|
|
|
|
|
|
|
Sales/Income
from Operations-Gross |
17,496 |
12,642
|
44,298 |
39,557 |
54,597 |
|
|
Less: Excise Duty on Sales |
925 |
781 |
2,593 |
2,227 |
3,175 |
|
Sales/Income from Operations-Net |
16,571 |
11,861 |
41,705 |
37,330 |
51,422 |
|
|
|
|
|
|
|
|
|
Other Income |
332 |
614 |
909 |
886 |
1,167 |
|
|
|
|
|
|
|
|
|
Total Income |
16,903 |
12,475 |
42,614 |
38,216 |
52,589 |
|
|
|
|
|
|
|
|
|
Total Expenditure |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Increase)/decrease in stock in trade |
(1,197) |
(734) |
(4,089) |
(1,378) |
106 |
|
|
Consumption of raw materials |
7,332 |
5,177 |
18,846 |
14,923 |
19,783 |
|
|
Consumption of stores and spare parts |
1,883 |
1,557 |
5,349 |
4,472 |
5,968 |
|
|
Staff cost |
1,254 |
1,104 |
3,517 |
3,298 |
4,351 |
|
|
Electricity charges |
1,562 |
1,043 |
4,263 |
3,653 |
4,697 |
|
|
Other expenditure |
2,584 |
1,737 |
6,594 |
6,276 |
8,252 |
|
|
|
|
|
|
|
|
|
Profit before Interest, Depreciation and Tax |
3,485 |
2,591 |
8,134 |
6,972 |
9,432 |
|
|
|
|
|
|
|
|
|
Interest |
537 |
257 |
1,313 |
753 |
1,063 |
|
|
|
|
|
|
|
|
|
Profit after Interest |
2,948 |
2,334 |
6,821 |
6,219 |
8,369 |
|
|
|
|
|
|
|
|
|
Depreciation |
663 |
535 |
1,831 |
1,595 |
2,069 |
|
|
|
|
|
|
|
|
|
Profit before Tax |
2,285 |
1,799 |
4,990 |
4,624 |
6,300 |
|
|
|
|
|
|
|
|
|
Provision for Taxation - Current |
215 |
550 |
425 |
1,327 |
1,140 |
|
- Deferred |
530 |
(20) |
975 |
13 |
360 |
|
- Fringe Benefit |
20 |
- |
52 |
- |
- |
|
|
|
|
|
|
|
|
|
Net Profit |
1,520 |
1,269 |
3,538 |
3,284 |
4,800 |
|
|
|
|
|
|
|
|
|
Paid-up Equity Share Capital |
2,938 |
2,938 |
2,938 |
2,938 |
2,938 |
|
|
( Face Value Rs.10/- each ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reserves excluding Revaluation Reserve |
|
|
|
|
38,493 |
|
|
|
|
|
|
|
| Basic and Diluted Earnings per share (Rs.) |
5.17 |
4.32 |
12.04 |
11.18 |
16.34 |
|
|
|
|
|
|
|
|
|
Aggregate of non-promoter shareholding |
|
|
|
|
|
|
|
- Number of shares |
13,689,584 |
13,934,715 |
13,689,584 |
13,934,715 |
13,828,439 |
|
|
- Percentage of shareholding |
46.60 |
47.43 |
46.60 |
47.43 |
47.07 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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, |
|
|
|
|
|
|
|
2005 |
|
|
|
2005 |
2004 |
2005 |
2004 |
(Audited) |
| 1 |
SEGMENT
REVENUE - |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Graphite
and Carbon |
15,400 |
11,025 |
39,266 |
34,514 |
47,746 |
|
|
Power |
1,743 |
1,624 |
4,830 |
4,644 |
6,245 |
|
|
Others |
1,421 |
890 |
3,053 |
2,863 |
3,935 |
|
|
Total |
18,564 |
13,539 |
47,149 |
42,021 |
57,926 |
|
|
|
|
|
|
|
|
|
|
Less: Inter Segment Revenue |
1,993 |
1,678 |
5,444 |
4,691 |
6,504 |
|
|
|
|
|
|
|
|
|
|
Sales/Income
from Operations-Net |
16,571 |
11,861 |
41,705 |
37,330 |
51,422 |
|
|
|
|
|
|
|
|
| 2 |
SEGMENT
RESULTS - |
|
|
|
|
|
|
|
Profit
before tax and interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Graphite
and Carbon |
2,132 |
1,004 |
4,775 |
3,789 |
5,389 |
|
|
Power |
612 |
514 |
1,625 |
1,506 |
2,062 |
|
|
Others |
275 |
146 |
491 |
431 |
436 |
|
|
Total |
3,019 |
1,664 |
6,891 |
5,726 |
7,887 |
|
|
Less: |
|
|
|
|
|
|
|
Interest |
537 |
257 |
1,313 |
753 |
1,063 |
|
|
Other un-allocable expenditure/(income) - net |
197 |
(392) |
588 |
349 |
524 |
|
|
Total
Profit Before Tax |
2,285 |
1,799 |
4,990 |
4,624 |
6,300 |
|
|
|
|
|
|
|
|
| 3 |
CAPITAL
EMPLOYED - |
|
|
|
|
|
|
|
(Segment
Assets - Segment Liabilities) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Graphite
and Carbon |
64,633 |
48,014 |
64,633 |
48,014 |
53,285 |
|
|
Power |
9,089 |
9,616 |
9,089 |
9,616 |
9,219 |
|
|
Others |
4,262 |
3,377 |
4,262 |
3,377 |
3,484 |
|
|
Total |
77,984 |
61,007 |
77,984 |
61,007 |
65,988 |
|
|
|
| |
|
| |
| Notes
: |
|
|
|
|
|
|
|
|
| 1 |
The
above results have been reviewed by Audit Committee
and approved by the Board at its meeting held on 27th
January, 2006. 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, 2005
in terms of Clause 41 of the Listing Agreement with
Stock Exchanges. |
|
|
|
|
|
|
|
|
| 2 |
The
above results are unconsolidated and do not include
results of wholly owned subsidiaries. |
|
|
|
|
|
|
|
|
| 3 |
Expansion
of capacity of Graphite Electrodes at Durgapur Plant
from 14000 MT to 34000 MT has been fully commissioned
during the quarter ended 31st December, 2005. |
|
|
|
|
|
|
|
|
| 4 |
The
Company issued 1% Foreign Currency Convertible Bonds
(FCCB) due 2010 of USD 40 million during the quarter
ended 31st December, 2005 convertible at a price specified
in the Offering Circular dated 18th October, 2005. In
view of the average market price of equity shares of
the Company being less than the applicable conversion
price, the conversion option embedded in the said Bonds
is considered as anti-dilutive and accordingly not considered
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 Deceember, 2005. During the quarter,
nine complaints were received. All the complaints were
disposed off / attended to and there were no complaints
pending as of 31st December, 2005. |
|
|
|
|
|
|
|
|
| 7 |
Figures
for the previous period have been re-grouped / re-arranged
where necessary. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
By
order of the Board |
|
|
|
|
|
|
|
For
Graphite India Limited |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Place
: Kolkata |
|
|
|
K.K.Bangur
|
| Date
: 27th January, 2006. |
|
|
|
Chairman
|
|
| |
|
|
|