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GRAPHITE
INDIA LIMITED |
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(
Regd. Office : 31, Chowringhee Road, Kolkata 700 016 ) |
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| Audited
Financial Results for the year ended 31st March,
2005 |
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| Particulars |
For
thenine monthsended 31.12.2004 |
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For
the
year ended |
Consolidatedfor
the year ended |
31.03.2005 |
31.03.2004 |
31.03.2005 |
31.03.2004 |
31.03.2005 |
31.03.2004 |
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Audited |
Audited |
Audited |
Audited |
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| Sales/Income
from Operations (Gross) |
39,557
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15,040
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16,054
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54,597
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54,930
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59,395
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55,183
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Less:
Excise Duty on Sales |
2,227
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948
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827
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3,175
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2,802
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3,175
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2,802
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| Sales/Income
from Operations (Net) |
37,330
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14,092
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15,227
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51,422
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52,128
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56,220
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52,381
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| Other
Income |
886
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281
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129
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1,167
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1,360
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1,136
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1,360
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| Total
Income |
38,216
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14,373
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15,356
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52,589
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53,488
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57,356
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53,741
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| Total
Expenditure |
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| Purchase
of Trading Items |
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-
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-
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1,482
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(Increase)/decrease
in stock in trade |
(1,378) |
1,484
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1,885
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106
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3,138
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(5,722) |
3,138
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Consumption
of raw materials |
14,923 |
4,860
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4,651
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19,783
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18,286
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20,320
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18,286
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Consumption
of stores and spare parts |
4,472
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1,496
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1,251
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5,968
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5,082
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7,269
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5,082 |
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Staff
cost |
3,298
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1,053
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1,074
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4,351
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4,190
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7,256
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4,190
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Electricity
charges |
3,653
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1,044
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1,687
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4,697
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5,519
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5,858
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5,519
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Other
expenditure |
6,276 |
1,976
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2,249
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8,252
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7,395
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9,636
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7,398
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| Profit
before Interest, Depreciation and Tax |
6,972
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2,460
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2,559
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9,432
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9,878
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11,257
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10,128
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| Interest |
753
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310
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241
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1,063
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1,284
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1,182
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1,284
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| Profit
after Interest |
6,219
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2,150
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2,318
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8,369
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8,594
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10,075
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8,844
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| Depreciation |
1,595
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474
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540
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2,069
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2,057
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2,466
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2,057
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| Profit
before Tax |
4,624
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1,676
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1,778
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6,300 |
6,537
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7,609
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6,787
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| Provision
for taxation - Current |
1,327
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(187) |
500
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1,140
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1,200
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1,208
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1,210
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- Deferred |
13
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347
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185
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360
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205
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360
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205
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| Net
Profit after Tax |
3,284
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1,516
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1,093
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4,800
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5,132
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6,041
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5,372
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Adjustment
on acquisition of Shareholding |
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in Subsidiary |
-
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-
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-
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-
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-
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1
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-
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| Net
Profit |
3,284
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1,516
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1,093
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4,800
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5,132
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6,042
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5,372
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| Paid-up
Equity Share Capital |
2,938
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2,938
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2,938
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2,938
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2,938
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2,938
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2,938
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(
Face Value Rs.10/- each ) |
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| Reserves
excluding Revaluation Reserve |
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38,493
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35,246
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40,038
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35,538
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| Basic
and Diluted Earnings per share (Rs.) |
11.18
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5.16
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3.72
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16.34
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17.41
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20.56
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18.23
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| Aggregate
of non-promoter shareholding |
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Number of shares |
13,934,715
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13,828,439
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14,332,843
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13,828,439
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14,332,843
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13,828,439
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14,332,843
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Percentage of shareholding |
47.43
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47.07
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48.79
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47.07
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48.79
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47.07
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48.79
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| Segment
Reporting as per Clause 41 of the Listing Agreement |
(Rs.
in Lakh) |
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| Particulars |
For
the nine monthsended 31.12.2004 |
For
the
quarter ended |
For
the
year ended |
Consolidatedfor
the year ended |
| 31.03.2005 |
31.03.2004 |
31.03.2005 |
31.03.2004 |
31.03.2005 |
31.03.2004 |
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Audited |
Audited |
Audited |
Audited |
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SEGMENT
REVENUE - |
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| Graphite
and Carbon |
34,514
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13,232
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13,618
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47,746
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48,230
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52,471
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48,230
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| Power |
4,644
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1,601
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708
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6,245
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5,952
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6,245
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5,952
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| Others |
2,863
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1,072
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1,716
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3,935
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3,795
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4,008
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4,048
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| Total |
42,021
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15,905
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16,042
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57,926
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57,977
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62,724
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58,230
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| Less:
Inter Segment Revenue |
4,691
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1,813
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815
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6,504
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5,849
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6,504
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5,849
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| Excise
duty on Sales |
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| Net
Sales/Income from Operations |
37,330
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14,092
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15,227
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51,422
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52,128
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56,220
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52,381
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| 2
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SEGMENT
RESULTS - |
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Profit
before tax and interest |
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| Graphite
and Carbon |
3,789
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1,600
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1,732
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5,389
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4,661
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6,748
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4,661
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| Power |
1,506
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556
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(142) |
2,062
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2,186
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2,062
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2,186
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| Others |
431
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5
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270
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436
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776
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505 |
1,026
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| Total |
5,726
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2,161
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1,860
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7,887
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7,623
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9,315
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7,873
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Less: |
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Interest |
753
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310
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241
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1,063
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1,284
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1,182
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1,284
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Other un-allocable expenditure/(Income) - net |
349
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175
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(159) |
524
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(198) |
524
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(198) |
| Total
Profit Before Tax |
4,624
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1,676
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1,778
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6,300
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6,537
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7,609
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6,787
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| 3
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CAPITAL
EMPLOYED - |
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(Segment
Assets - Segment Liabilities) |
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| Graphite
and Carbon |
48,014 |
53,285
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43,209
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53,285
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43,209
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62,484
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43,209
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| Power |
9,616 |
9,219
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10,030
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9,219
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10,030
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9,219
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10,030
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| Others |
3,377 |
3,484
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3,443
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3,484
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3,443
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5,183
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5,074
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| Total |
61,007 |
65,988
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56,682
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65,988
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56,682
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76,886
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58,313
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Notes
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| 1 |
The above results have been approved by the Board at its
meeting held on 16th May, 2005. |
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| 2 |
In compliance with Accounting Standard (AS) 28 issued
by The Institute of Chartered Accounts of India on 'Impairment
of Assets', the Company has carried out impairment assessment
of its Fixed assets and provided for Rs.44.94 Lakh (Net
of Deferred Tax credit of Rs.25.93 lakh) as impairment
losses on certain assets as at 1st April, 2004. The said
impairment losses have been adjusted against the revenue
reserves of the Company pursuant to the transitional provisions
of the AS. |
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| 3 |
The capacity expansion project in Durgapur Plant have
been partially commissioned in March 2005 and the balance
is expected to be operational from July 2005 |
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| 4 |
The consolidated financial results relate to Graphite
India Limited (the parent Company), Carbon Finance Limited,
Graphite International B.V. and Carbon International Holding
N.V. which are wholly owned subsidiaries of the Company.
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Generation of power at hydro electrical plants is seasonal
in nature.
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The Board has recommended dividend @ Rs.4.50p per equity
share of Rs.10/- each. |
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| 7 |
No investor complaint was pending at the beginning of
the quarter ended 31st March, 2005. During the quarter,
seven complaints were received. All the complaints were
disposed off and there were no complaints pending as of
31st March, 2005. |
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8. |
Figures
for the previous year have been re-grouped / re-arranged
where necessary. |
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| Place
: Kolkata |
| Date
: 16th May, 2005. |
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By
order of the Board |
| For
Graphite India Limited |
| K.K.Bangur |
| Chairman |
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