Balance sheet 30 Mar,GIL
 
      
  GRAPHITE INDIA LIMITED   
   ( Regd. Office : 31, Chowringhee Road, Kolkata 700 016 )  
 
Audited Financial Results for the year ended 31st March, 2006

(Rs. in Lakh)
  Particulars

For the
nine months
ended
31.12.2005

 For the
quarter ended

For the
year ended

Consolidated
for the year ended
 
 

 31.03.2006

 31.03.2005

31.03.2006

31.03.2005

31.03.2006

31.03.2005
     

Audited

Audited

Audited

Audited
             
 

Sales/Income from Operations (Gross)

         44,298

         20,642

        15,040

        64,940

        54,597

        80,583

        59,395

   

Less: Excise Duty on Sales

           2,593

             948

             948

          3,541

          3,175

          3,541

          3,175

 

 Sales/Income from Operations (Net)

         41,705

         19,694

        14,092

        61,399

        51,422

        77,042

        56,220

                   
 

Other Income

              909

             819

             281

          1,728

          1,167

          1,736

          1,136

                   
 

Total Income

        42,614

        20,513

       14,373

       63,127

       52,589

       78,778

       57,356

                   
 

Total Expenditure

              
                   
   

Purchase of Trading Items

                -  

               -  

               -  

               -  

               -  

               -  

          1,482

   

(Increase)/decrease in stock in trade

          (4,089)

            (529)

          1,484

         (4,618)

             106

         (7,815)

         (5,722)
   

Consumption of raw materials

         18,846

          7,714

          4,860

        26,560

        19,783

        30,483

        20,320

   

Consumption of stores and spare parts

           5,349

          2,335

          1,496

          7,684

          5,968

        10,328

          7,269

   

Staff cost

           3,517

          1,416

          1,053

          4,933

          4,351

          9,591

          7,256

   

Electricity charges

           4,263

          1,899

          1,044

          6,162

          4,697

          8,936

          5,858

   

Other expenditure

           6,594

          2,936

          1,976

          9,530

          8,252

        12,195

          9,636

                   
 

Profit before Interest, Depreciation and Tax

          8,134

          4,742

         2,460

       12,876

         9,432

       15,060

       11,257

                   
 

Interest

           1,313

             688

             310

          2,001

          1,063

          2,338

          1,182

                   
 

Profit after Interest

          6,821

          4,054

         2,150

       10,875

         8,369

       12,722

       10,075

                   
 

Depreciation

           1,831

             645

             474

          2,476

          2,069

          3,210

          2,466

                   
 

Profit before Tax

          4,990

          3,409

         1,676

         8,399

         6,300

         9,512

         7,609

                   
 

Provision for taxation - Current

              425

             308

            (187)

             733

          1,140

          1,306

          1,208

 

           - Less:MAT Credit

                -  

            (190)

               -  

            (190)

               -  

            (190)

               -  

 

           - Earlier Years

                -  

             261

               -  

             261

               -  

             261

               -  

 

           - Deferred

              975

             260

             347

          1,235

             360

          1,235

             360

 

           - Fringe Benefit

                52

               13

               -  

              65

               -  

              65

               -  

                   
 

Net Profit after Tax

          3,538

          2,757

         1,516

         6,295

         4,800

         6,835

         6,041

                   
   

Adjustment on acquisition of Shareholding

             
   

  in Subsidiary

                -  

               -  

               -  

               -  

               -  

               -  

                1

 

Net Profit

          3,538

          2,757

         1,516

         6,295

         4,800

         6,835

         6,042

 

Paid-up Equity Share Capital

                 2,938

          2,938

               2,938

          2,938

          2,938

          2,938

          2,938

   

( Face Value Rs.10/- each )

              
                   
 

Reserves excluding Revaluation Reserve

     

       42,461

       38,493

       44,713

       40,038

                 
 

Basic and Diluted Earnings per share       (Rs.)    

           12.04

            9.39

            5.16

          21.43

          16.34

          23.26

          20.56

                   
 

Aggregate of non-promoter shareholding

              
   

- Number of shares

   13,689,584

  13,689,584

  13,828,439

  13,689,584

  13,828,439

  13,689,584

  13,828,439

   

- Percentage of shareholding

           46.60

          46.60

          47.07

          46.60

          47.07

          46.60

          47.07

 
 
 
  Segment Reporting as per Clause 41 of the Listing Agreement
(Rs. in Lakh)  
 

Particulars

For the

For the

For the

Consolidated
   

nine months

 quarter ended

year ended

for the year ended
   

ended

31.03.2006

31.03.2005

31.03.2006

31.03.2005

31.03.2006

31.03.2005
   

 31.12.2005

    

Audited

Audited

Audited

Audited

1

SEGMENT REVENUE -

              
                 
 

Graphite and Carbon

                     39,266

           17,622

              13,232

                  56,888

                 47,746

                  72,404

                 52,471

 

Power

                       4,830

             2,455

                1,601

                    7,285

                   6,245

                    7,285

                   6,245

 

Others

                       3,053

             2,288

                1,072

                    5,341

                   3,935

                    5,468

                   4,008

 

Total

                     47,149

           22,365

              15,905

                  69,514

                 57,926

                  85,157

                 62,724

                 
 

  Less: Inter Segment Revenue

                       5,444

             2,671

                1,813

                    8,115

                   6,504

                    8,115

                   6,504

 

               Excise duty on Sales

                             -  

                          -  

                      -  

                          -  

                         -  

                          -  

                         -  

 

Net Sales/Income from Operations

                    41,705

                 19,694

             14,092

                61,399

               51,422

                 77,042

               56,220

                 

2

SEGMENT RESULTS -

              
 

Profit before tax and interest

              
                 
 

Graphite and Carbon

                       4,775

             1,958

                1,600

                    6,733

                   5,389

                    8,056

                   6,748

 

Power

                       1,625

             1,334

             556

                    2,959

                   2,062

                    2,959

                   2,062

 

Others

                          491

                496

                       5

                       987

                      436

                    1,114

                      505

 

Total

               6,891

             3,788

                2,161

                  10,679

                   7,887

                  12,129

                   9,315

 

  Less:

              
 

    Interest

                       1,313

                688

                   310

                    2,001

                   1,063

                    2,338

                   1,182

 

   Other un-allocable expenditure/(Income) - net

                  588

               (309)

             175

               279

               524

                279

               524

 

Total Profit Before Tax

                      4,990

                   3,409

               1,676

                   8,399

                  6,300

                   9,512

                  7,609

                 

3

CAPITAL EMPLOYED -

              
 

 (Segment Assets - Segment Liabilities)

              
                 
 

Graphite and Carbon

                     64,633

                   68,966

              53,285

                  68,966

                 53,285

                  84,957

                 62,484

 

Power

                       9,089

                     8,616

                9,219

                    8,616

                   9,219

                    8,616

                   9,219

 

Others

                       4,262

                     5,646

                3,484

                    5,646

                   3,484

                    7,744

                   5,183

 

Total

                    77,984

                 83,228

             65,988

                83,228

               65,988

              101,317

               76,886

 
   
   
Notes :

  

1

The above results have been reviewed by Audit Committee and approved by the Board at its meeting held on 16th May, 2006.
 

2

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.
 

3

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

4

The expansion of capacity of graphite electrodes at Durgapur Plant from 14,000 MT to 34,000 MT commissioned in the third quarter, was fully operational during the quarter under review.
 

5

The proceeds of 1% Foreign Currency Convertible Bonds (FCCB) are being utilised for various capital expenditure plans and investment in overseas wholly owned subsidiaries.
 
 

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 said Bonds is considered as anti-dilutive and accordingly not considered for computation of diluted earning per share.
 

6

Carbon International Holdings NV, an overseas  wholly owned  subsidiary of the Company has declared  maiden dividend for the year 2005-06.
 

7

The Board has recommended dividend @ Rs.6/- per equity share of Rs.10/- each.
 

8

No investor complaint was pending at the beginning of the quarter ended 31st March, 2006. During the quarter, seven complaints were received. All the complaints were disposed off and there were no complaints pending as of 31st March, 2006.
 

9

Figures for the previous year have been re-grouped / re-arranged where necessary.
   
 
Place : Kolkata
Date  :  16th May, 2006.
  By order of the Board
For Graphite India Limited
K.K.Bangur
Chairman
 
   
   
   

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