GRAPHITE INDIA LIMITED   
   ( Regd. Office : 31, Chowringhee Road, Kolkata 700 016 )  
 
Audited Financial Results for the year ended 31st March, 2007
(Rs. in Lakh) 
    For the For the For the Consolidated
Particulars nine months  quarter ended year ended for the year ended
ended  31.03.2007  31.03.2006 31.03.2007 31.03.2006 31.03.2007 31.03.2006
    31.12.2006     Audited Audited Audited Audited
               
Sales/Income from Operations (Gross) 64,334 25,667 20,642 90,001 64,940 117,094 80,583
Less: Excise Duty on Sales 3,426 1,590 948 5,016 3,541 5,016 3,541
 Sales/Income from Operations (Net) 60,908 24,077 19,694 84,985 61,399 112,078 77,042
               
Other Income 2,127 1,706 819 3,833 1,728 3,509 1,736
               
Total Income 63,035 25,783 20,513 88,818 63,127 115,587 78,778
               
Total Expenditure              
               
(Increase)/decrease in stock in trade (7,304) 219 (529) (7,085) (4,618) (7,297) (7,815)
Consumption of raw materials 28,962 9,594 7,714 38,556 26,704 43,090 30,627
Consumption of stores and spare parts 7,133 2,850 2,335 9,983 7,540 13,082 10,184
Staff cost 4,521 1,821 1,416 6,342 4,933 11,716 9,591
Electricity charges 5,831 2,826 1,899 8,657 6,162 13,025 8,936
Other expenditure 8,816 3,170 2,936 11,986 9,530 15,998 12,195
               
Profit before Interest, Depreciation, Tax and Non-recurring Item 15,076 5,303 4,742 20,379 12,876 25,973 15,060
               
Interest 2,363 852 688 3,215 2,001 3,705 2,338
               
Profit after Interest 12,713 4,451 4,054 17,164 10,875 22,268 12,722
               
Depreciation 2,186 807 645 2,993 2,476 3,771 3,210
               
Profit before Tax and Non-recurring Item         10,527           3,644          3,409        14,171          8,399        18,497          9,512
               
Add:Non-recurring item (Note 3)           9,624                -                  -             9,624                -             9,624                -  
               
Profit before Tax         20,151           3,644          3,409        23,795          8,399        28,121          9,512
               
Provision for taxation - Current           2,235              515              308           2,750              733           4,227           1,306
                        - MAT Credit                -               (90)           (190)             (90)           (190)             (90)            (190)
                        - Earlier Years                   8             (185)              261             (177)              261             (177)              261
                        - Deferred               872              978              260           1,850           1,235           1,850           1,235
                         - Fringe Benefit                 55                20               13               75               65               75               65
               
Net Profit after Tax         16,981           2,406          2,757        19,387          6,295        22,236          6,835
               
Paid-up Equity Share Capital            2,938           2,938           2,938           2,938           2,938           2,938           2,938
( Face Value Rs.2 each )              
               
Reserves excluding Revaluation Reserve              56,481        42,461        61,409        44,713
               
Basic EPS at Face Value of Rs. 2 per share (Rs.)                11.56             1.64             1.88           13.20             4.29           15.14             4.65
Diluted EPS at Face Value of Rs. 2 per share (Rs.)                  9.66             1.24             1.88           10.90             4.29           12.50             4.65
Basic EPS at Face Value of Rs. 2 per share  excluding  Non-recurring Item (Rs.)              5.74             1.64             1.88             7.38             4.29             9.32             4.65
Diluted EPS at Face Value of Rs. 2 per share  excluding  Non-recurring Item (Rs.)              4.86             1.24             1.88             6.10             4.29             7.70             4.65
Aggregate of public shareholding              
- Number of shares    68,864,080   68,864,080   68,447,920   68,864,080   68,447,920   68,864,080   68,447,920
- Percentage of shareholding            46.88           46.88           46.60           46.88           46.60           46.88           46.60
 
 
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   31.03.2007 31.03.2006 31.03.2007   31.03.2006 31.03.2007   31.03.2006
     31.12.2006       Audited   Audited Audited   Audited
1 SEGMENT REVENUE -                    
                       
  Graphite and Carbon 55,762   22,493         17,622 78,255   56,888 105,008             72,404
  Power                5,251                1,463           2,455             6,714               7,285              6,714               7,285
  Others                6,387                2,092           2,288             8,479               5,341              8,819               5,468
  Total        67,400            26,048       22,365          93,448           69,514        120,541           85,157
                       
    Less: Inter Segment Revenue 6,492   1,971           2,671 8,463   8,115 8,463               8,115
                 Excise duty on Sales                      -                        -                  -                     -                      -                     -                      -  
  Net Sales/Income from Operations            60,908            24,077       19,694          84,985           61,399 112,078           77,042
                       
2 SEGMENT RESULTS -                    
  Profit before tax and interest                    
                       
  Graphite and Carbon 18,371  * 3,166           1,958 21,537  * 6,733 26,861  * 8,056
  Power 2,296   729           1,334 3,025   2,959 3,025               2,959
  Others 1,274   107 496 1,381   987 1,717   1,114
  Total            21,941              4,002         3,788          25,943           10,679          31,603           12,129
    Less:                    
      Interest 2,363   852 688 3,215   2,001 3,705               2,338
  Other un-allocable expenditure/(Income) - net              (573)              (494)          (309)            (1,067)              279            (223)                  279
  Total Profit Before Tax          20,151             3,644         3,409          23,795             8,399          28,121             9,512
                       
3 CAPITAL EMPLOYED -                    
   (Segment Assets - Segment Liabilities)                    
                       
  Graphite and Carbon              82,367              83,674         68,966           83,674             68,966            94,645             84,957
  Power                8,111                8,096           8,616             8,096               8,616              8,096               8,616
  Others                7,547                8,358           5,646             8,358               5,646            10,142               7,744
  Total            98,025          100,128       83,228       100,128           83,228        112,883         101,317
 * including non-recurring item Rs.9624 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 15th June, 2007.
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 Non-recurring item represents profit (net) arising from the sale of a part of land at Bangalore.
4 Generation of power at hydro electrical plants is seasonal in nature.
5 In terms of the resolution passed at the Extraordinary General meeting held on 1st December, 2006, the Company sub-divided each of the equity share of the nominal value of Rs.10 each fully paid-up in the capital of the Company into five equity shares of Rs.2 each fully paid-up. Pursuant to such sub-division of shares, earnings per share for the previous periods has been restated based on revised number of Shares. Further, comparative figures relating to number of shares shown under 'Aggregate of public shareholding' have also been restated.
6 In view of the average market price of the equity shares of the Company relevant for the quarter ended 31st March, 2007 being more than the applicable conversion price, the conversion option embedded in the 1% Foreign Currency Convertible Bonds (FCCB) issued on 19th October, 2005 is considered dilutive and accordingly diluted earning per share has been calculated for the quarter and for the year.
7 Effective 1stApril, 2006 the company has adopted the Accounting Standard (AS) 15 (Revised) on ‘Employee Benefits’ issued by the Institute of Chartered Accountants of India and revised its accounting policy in respect of employee benefits. Pursuant to the adoption of AS 15, an amount of Rs.299 Lakh (Net of tax effect of Rs.152 Lakh), arising upon remeasurement of certain employee benefit obligations, as on 1st April, 2006 has been recognised with corresponding adjustment against General Reserve in keeping with transitional provisions of the aforesaid AS.
8 The Board has recommended a Special and  Final Dividend of Re.1 per share (50%) for the financial year 2006-07. Together with the Interim Dividend of Rs.2  per share (100%) already declared and paid, the total Dividend for the financial year amounts to Rs.3  per share (150%).
9 No investor complaint was pending at the beginning of the quarter ended 31st March, 2007. During the quarter, eleven complaints were received. All the complaints were disposed off and there were no complaints pending as of 31st March, 2007.
10 Figures for the previous year / period have been re-grouped / re-arranged where necessary.
 
   
   
   

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