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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,
2006 |
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Particulars |
For
the
nine months
ended
31.12.2005 |
For
the
quarter ended
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For the
year ended |
Consolidated
for the year ended |
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31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
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Audited |
Audited |
Audited |
Audited |
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Sales/Income from Operations (Gross) |
44,298 |
20,642 |
15,040 |
64,940 |
54,597 |
80,583 |
59,395 |
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Less: Excise Duty on Sales |
2,593 |
948 |
948 |
3,541
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3,175 |
3,541 |
3,175 |
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Sales/Income from Operations (Net) |
41,705 |
19,694 |
14,092 |
61,399 |
51,422 |
77,042 |
56,220 |
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Other Income |
909
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819 |
281 |
1,728 |
1,167 |
1,736 |
1,136 |
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Total Income |
42,614 |
20,513 |
14,373 |
63,127 |
52,589 |
78,778 |
57,356 |
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Total Expenditure |
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Purchase of Trading Items |
- |
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- |
1,482 |
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(Increase)/decrease in stock in trade |
(4,089) |
(529) |
1,484 |
(4,618) |
106 |
(7,815) |
(5,722) |
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Consumption of raw materials |
18,846 |
7,714 |
4,860 |
26,560 |
19,783 |
30,483 |
20,320 |
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Consumption of stores and spare parts |
5,349 |
2,335 |
1,496 |
7,684 |
5,968 |
10,328 |
7,269 |
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Staff cost |
3,517 |
1,416 |
1,053 |
4,933 |
4,351 |
9,591 |
7,256 |
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Electricity charges |
4,263 |
1,899 |
1,044 |
6,162 |
4,697 |
8,936 |
5,858 |
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Other expenditure |
6,594 |
2,936 |
1,976 |
9,530 |
8,252 |
12,195 |
9,636 |
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Profit before Interest, Depreciation and Tax |
8,134 |
4,742 |
2,460 |
12,876 |
9,432 |
15,060 |
11,257 |
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Interest |
1,313 |
688 |
310 |
2,001 |
1,063 |
2,338 |
1,182 |
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Profit after Interest |
6,821 |
4,054 |
2,150 |
10,875 |
8,369 |
12,722 |
10,075 |
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Depreciation |
1,831 |
645 |
474 |
2,476 |
2,069 |
3,210 |
2,466 |
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Profit before Tax |
4,990 |
3,409 |
1,676 |
8,399 |
6,300 |
9,512 |
7,609 |
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Provision for taxation - Current |
425 |
308 |
(187) |
733 |
1,140 |
1,306 |
1,208 |
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- Less:MAT Credit |
- |
(190) |
- |
(190) |
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(190) |
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- Earlier Years |
- |
261 |
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261 |
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261 |
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- Deferred |
975 |
260 |
347 |
1,235 |
360 |
1,235 |
360 |
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- Fringe Benefit |
52 |
13 |
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65 |
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65 |
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Net Profit after Tax |
3,538 |
2,757 |
1,516 |
6,295 |
4,800 |
6,835 |
6,041 |
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Adjustment on acquisition of Shareholding |
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in Subsidiary |
- |
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1 |
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Net Profit |
3,538 |
2,757 |
1,516 |
6,295 |
4,800 |
6,835 |
6,042 |
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Paid-up Equity Share Capital |
2,938 |
2,938 |
2,938 |
2,938 |
2,938 |
2,938 |
2,938 |
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( Face Value Rs.10/- each ) |
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Reserves excluding Revaluation Reserve |
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42,461 |
38,493 |
44,713 |
40,038 |
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Basic and Diluted Earnings per share (Rs.) |
12.04 |
9.39 |
5.16 |
21.43 |
16.34 |
23.26 |
20.56 |
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Aggregate of non-promoter shareholding |
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- Number of shares |
13,689,584
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13,689,584
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13,828,439
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13,689,584
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13,828,439
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13,689,584
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13,828,439
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- Percentage of shareholding |
46.60 |
46.60 |
47.07 |
46.60 |
47.07 |
46.60 |
47.07 |
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| Segment
Reporting as per Clause 41 of the Listing Agreement |
(Rs.
in Lakh) |
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Particulars |
For the |
For the
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For the
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Consolidated |
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nine months |
quarter
ended |
year ended |
for the
year ended |
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ended |
31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
31.03.2006 |
31.03.2005 |
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31.12.2005 |
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Audited |
Audited |
Audited |
Audited |
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1 |
SEGMENT REVENUE - |
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Graphite and Carbon |
39,266 |
17,622 |
13,232 |
56,888 |
47,746 |
72,404 |
52,471 |
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Power |
4,830 |
2,455 |
1,601 |
7,285 |
6,245 |
7,285 |
6,245 |
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Others |
3,053 |
2,288 |
1,072 |
5,341 |
3,935 |
5,468 |
4,008 |
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Total |
47,149 |
22,365 |
15,905 |
69,514 |
57,926 |
85,157 |
62,724 |
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Less: Inter Segment Revenue |
5,444 |
2,671 |
1,813 |
8,115 |
6,504 |
8,115 |
6,504 |
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Excise duty on Sales |
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Net Sales/Income from Operations |
41,705 |
19,694 |
14,092 |
61,399 |
51,422 |
77,042 |
56,220 |
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2 |
SEGMENT RESULTS - |
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Profit before tax and interest |
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Graphite and Carbon |
4,775 |
1,958 |
1,600 |
6,733 |
5,389 |
8,056 |
6,748 |
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Power |
1,625 |
1,334 |
556 |
2,959 |
2,062 |
2,959 |
2,062 |
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Others |
491 |
496 |
5 |
987 |
436 |
1,114 |
505 |
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Total |
6,891 |
3,788 |
2,161 |
10,679 |
7,887 |
12,129 |
9,315 |
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Less: |
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Interest |
1,313 |
688 |
310 |
2,001 |
1,063 |
2,338 |
1,182 |
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Other un-allocable expenditure/(Income) - net |
588 |
(309) |
175 |
279 |
524 |
279 |
524 |
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Total Profit Before Tax |
4,990 |
3,409 |
1,676 |
8,399 |
6,300 |
9,512 |
7,609 |
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3 |
CAPITAL EMPLOYED - |
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(Segment Assets - Segment Liabilities) |
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Graphite and Carbon |
64,633 |
68,966 |
53,285 |
68,966 |
53,285 |
84,957 |
62,484 |
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Power |
9,089 |
8,616 |
9,219 |
8,616 |
9,219 |
8,616 |
9,219 |
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Others |
4,262 |
5,646 |
3,484 |
5,646 |
3,484 |
7,744 |
5,183 |
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Total |
77,984 |
83,228 |
65,988 |
83,228 |
65,988 |
101,317 |
76,886 |
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Notes
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| 1 |
The above results have been reviewed by Audit Committee and approved
by the Board at its meeting held on 16th May, 2006. |
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| 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. |
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Generation of power at hydro electrical plants is seasonal in nature. |
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| 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. |
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| 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. |
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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. |
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| 6 |
Carbon International Holdings NV, an overseas wholly owned subsidiary
of the Company has declared maiden dividend for the
year 2005-06. |
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| 7 |
The
Board has recommended dividend @ Rs.6/- per equity share
of Rs.10/- each. |
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| 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. |
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| 9 |
Figures
for the previous year have been re-grouped / re-arranged
where necessary. |
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| Place
: Kolkata |
| Date
: 16th May, 2006. |
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By
order of the Board |
| For
Graphite India Limited |
| K.K.Bangur |
| Chairman |
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