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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,
2010 |
(Rs.
in Lakhs) |
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For the |
Consolidated |
| Particulars |
year ended |
for the year ended |
|
31.03.2010 |
31.03.2009 |
31.03.2010 |
31.03.2009 |
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Audited |
Audited |
Audited |
Audited |
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| Gross Sales/Income from Operations |
117,822 |
118,273 |
139,406 |
155,786 |
| Less: Excise Duty on Sales |
4,703 |
5,685 |
4,703 |
5,685 |
| Net Sales/Income from Operations |
113,119 |
112,588 |
134,703 |
150,101 |
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| Other Operating Income |
- |
- |
- |
- |
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| Total Income |
113,119 |
112,588 |
134,703 |
150,101 |
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| Expenditure |
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| (Increase)/decrease in stock in trade and work in progress |
7,546 |
(11,511) |
7,506 |
(8,989) |
| Consumption of raw materials |
34,169 |
49,576 |
40,479 |
57,732 |
| Consumption of stores and spare parts |
7,832 |
14,336 |
9,341 |
18,034 |
| Purchase of traded goods |
- |
- |
- |
- |
| Employee cost |
7,431 |
7,499 |
12,161 |
13,499 |
| Electricity charges |
8,015 |
10,350 |
11,641 |
15,923 |
| Depreciation |
3,954 |
3,435 |
4,994 |
4,404 |
| Other expenditure |
10,256 |
19,125 |
13,971 |
23,143 |
| Total |
79,203 |
92,810 |
100,093 |
123,746 |
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| Profit from Operations before Other Income, Interest & Exceptional Items |
33,916
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19,778
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34,610
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26,355
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| Other Income |
3,058
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2,891
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3,222
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2,532
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| Profit before Interest & Exceptional Items |
36,974
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22,669
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37,832
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28,887
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| Interest
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1,049
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2,594
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1,447
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3,510
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| Profit after Interest but before Exceptional Items
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35,925
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20,075
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36,385
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25,377
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| Exceptional items |
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| Profit from Ordinary Activities before Tax |
35,925
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20,075
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36,385
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25,377
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| Tax expense(Net) |
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Current |
11,600
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2,350
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11,769
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3,487
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-MAT Credit
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-
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(2,350) |
(7)
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(2,350) |
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Earlier Years |
9 |
1,378
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11
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1,379
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Deferred |
1,100
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(725)
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1,128
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(756)
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Fringe Benefit |
- |
65 |
-
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65
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| Net Profit From Ordinary Activities after Tax
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23,216
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19,357
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23,484
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23,552
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| Extraordinary Item |
- |
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| Net Profit For the Period |
23,216
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19,357
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23,484
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23,552 |
| Paid-up equity share capital |
3,430
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3,022
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3,430
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3,022
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| ( Face Value Rs.2/- each ) |
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| Reserves excluding Revaluation Reserve |
1,14,922
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98,419
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1,24,855
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1,08,457
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Earning per share (EPS.)-Face ValueRs 2/- each |
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| Basic EPS(Rs) |
13.58
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12.55
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13.73
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15.26
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| Diluted EPS(Rs) |
12.03
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12.55
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12.17
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15.26
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| Public Shareholding |
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| - Number of shares |
6,24,93,251 |
7,07,80,604 |
6,24,93,251 |
7,07,80,604
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| - Percentage of shareholding |
36.44
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46.85
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36.44
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46.85 |
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| Promoters and Promoter Group |
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| a) Pledged/Encumbered
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| -Number Of Shares |
Nil |
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Nil |
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| -Percentage Of shares(as a % of the total shareholding of the promoter and promoter group) |
Nil |
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Nil |
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| -Percentage Of shares(as a % of the total share capital of the company) |
Nil |
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Nil |
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| b) Non-encumbered |
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| -Number Of Shares |
10,90,16,859
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8,03,04,197 |
10,90,16,859 |
8,03,04,197 |
| -Percentage Of shares(as a % of the total shareholding of the promoter and promoter group) |
100 |
100 |
100 |
100 |
| -Percentage Of shares(as a % of the total share capital of the company) |
63.56
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53.15 |
63.56 |
53.15 |
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| Segment Reporting as per Clause 41 of the Listing Agreement |
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(Rs. in Lakh) |
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Particulars |
For the |
Consolidated |
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year ended |
for the year ended |
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31.03.2010 |
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31.03.2009 |
31.03.2010 |
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31.03.2009 |
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Audited |
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Audited |
Audited |
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Audited |
| 1 |
SEGMENT REVENUE - |
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Graphite and Carbon |
95,388
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1,05,008
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1,16,720
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1,42,558
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Power |
2,859
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5,996
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2,859
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5,996
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Steel |
6,871
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923 |
6,871 |
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923 |
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Unallocated |
11,222
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8,841
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11,515
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8,948
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Total |
1,16,340
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1,20,768
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1,37,965
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1,58,425
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Less: Inter Segment Revenue |
3,221
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8,180
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3,262
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8,324
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Sales/Income from Operations-Net |
1,13,119
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1,12,588
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1,34,703
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1,50,101
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| 2 |
SEGMENT RESULTS - |
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Profit before tax and interest |
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Graphite and Carbon |
31,260 |
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23,725 |
32,261
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30,718
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Power |
1,811 |
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1,709 |
1,811
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1,709
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Steel |
(341)
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(154) |
(341)
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(154) |
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Unallocated |
3,305
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1,898
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3,524
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1,861
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Total |
36,035 |
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27,178
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37,255 |
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34,134
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Less: |
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Interest |
1,049
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2,594
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1,447
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3,510
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Other un-allocable expenditure/(Income) - net |
(939)
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4,509
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(577)
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5,247 |
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Total Profit Before Tax |
35,925 |
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20,075
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36,385 |
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25,377
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| 3 |
CAPITAL EMPLOYED - |
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(Segment Assets - Segment Liabilities) |
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Graphite and Carbon |
104,165 |
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90,963 |
117,600 |
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106,466
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Power |
5,963 |
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6,535 |
5,963 |
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6,535 |
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Steel |
17,431
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18,584 |
17,431 |
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18,584 |
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Unallocated |
8,428 |
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9,199 |
12,181
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12,685
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Total |
135,987 |
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125,281 |
153,175 |
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144,270
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Notes
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| 1 |
The above results have been reviewed by the Audit Committee and approved by the Board at its meeting held on 13th May, 2010. |
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| 2 |
The consolidated financial results relate to Graphite India Limited (the parent Company), and its wholly owned subsidiaries Carbon Finance Limited, Graphite International B.V. and Carbon International Holdings N.V. |
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| 3 |
Other income for the year ended 31st March, 2010 includes exchange gain of Rs.933 lakhs, whereas Other expenditure for the year ended 31st March, 2009 includes exchange loss of Rs.6270 lakhs respectively
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| 4 |
Paid of Equity Share Capital as on 31st March 2009, does not include Rs.397.76 lakhs being the face value of equity shares alloted on 7th July, 2009 pursuant to an approved Scheme of arrangement. However, the above equity shares have been considered for the purpose of computation of earnings per share for the aforesaid period.
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| 5 |
In view of the average market price of the equity shares of the Company relevant for the year ended 31st March, 2010 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 as dilutive and accordingly has been taken into account for computation of diluted earnings per share for the year ended 31st March, 2010. |
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| 6 |
5,36,973 Equity Shares of Rs.2/- each (ranking pari passu in all respect with the existing Equity Shares) have been allotted on conversion of 675 FCCBs aggregating USD 675,000 at a premium of Rs.53.31 per share during the year ended 31st March, 2010. |
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| 7 |
Generation of power at hydro electrical plants is seasonal in nature. |
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| 8 |
The Board has recommended dividend @ Rs. 3.50 per equity share of Rs.2/- each. |
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| 9 |
No investor complaint was pending at the beginning of the quarter ended 31st March, 2010. During the quarter, 16 complaints were received. All the complaints were disposed off / attended to and no complaint was pending as on 31st March, 2010. |
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| 10 |
Figures of standalone as well as consolidated audited financial results include results of Powmex Steels Undertaking for full year whereas corresponding previous year's figure are for two months, February and March 2009 and hence not comparable with those of previous year. |
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| 11 |
Figures for the previous year have been re-grouped / re-arranged wherever necessary. |
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By Order Of the Board |
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For Graphite India Limited |
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Place:kolkata
K.K Bangur
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Data:13th May, 2010 Chairman |
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