|
|
|
Home > Investor Relations
> Financial Results
> Quarterly
Results
Audited
Financial Results for the year ended 30th June, 2002
| Sl.no. |
Particulars |
For
9 months Period ended 31.03.02
|
Quarter
ended
|
Year
ended
|
|
30.06.02
|
30.06.01
|
30.06.02
(Audited)
|
30.06.01
(Audited)
|
| 1 |
Sales
including Excise
Sales of Manufactured & Traded Goods
|
113,341
|
40,446
|
41,604
|
153,787
|
156,761
|
| 2 |
Other
Income |
828
|
163
|
511
|
991
|
914
|
| |
Total
Revenue |
114,169
|
40,609
|
42,115
|
154,778
|
157,675
|
| 3 |
Expenditure: |
|
|
|
|
|
| |
a)
Amortisation of Deferred Revenue Expenditure |
354
|
114
|
102
|
468
|
372
|
| |
b)
Increase / Decrease in Stock in trade (including Purchases of traded
goods) |
2,496
|
4,938
|
3,323
|
7,434
|
3,593
|
| |
c)
Consumption of Raw Materials |
16,661
|
4,985
|
5,372
|
21,646
|
22,878
|
| |
d)
Consumption of Stores and Spares |
16,701
|
4,565
|
4,704
|
21,266
|
22,466
|
| |
e)
Power, Fuel and Water Charges |
28,731
|
9,619
|
9,204
|
38,350
|
37,831
|
| |
f)
Personnel Costs |
9,335
|
2,320
|
2,744
|
11,655
|
12,305
|
| |
g)
Excise Duty |
8,377
|
2,755
|
3,051
|
11,152
|
12,215
|
| |
h)
Other Expenditure ( Less than 10% of total expenditure) |
8,470
|
3,544
|
5,794
|
12,014
|
15,205
|
| |
|
91,125
|
32,880
|
32,294
|
123,985
|
128,865
|
| |
Profit
before Interest and Depreciation |
23,044
|
7,749
|
7,821
|
30,793
|
30,810
|
| 4. |
Interest
& financing Charges - Net |
9,188
|
2,794
|
2,825
|
11,982
|
12,417
|
| |
Profit
before Depreciation |
13,858
|
4,995
|
4,996
|
13,811
|
18,393
|
| 5. |
Depreciation |
6,468
|
1,881
|
2,256
|
8,349
|
7,510
|
|
6. |
Profit
Before Taxation |
7,388
|
3,074
|
2,740
|
10,462
|
10,883
|
| 7. |
Provision
for Taxation |
|
|
|
|
|
| |
a)
Current Tax/MAT |
581
|
258
|
186
|
839
|
855
|
| |
b)
Deferred Tax Liability (Net) |
1,654
|
1,379
|
1,018
|
3,033
|
-
|
| |
c)
Excess Provision for Taxation relating to earlier years written back |
-
|
550
|
-
|
550
|
-
|
| |
|
2,235
|
1,087
|
1,204
|
3,322
|
855
|
| 8. |
Net
Profits after Taxation |
5,153
|
1,987
|
1,536
|
7,140
|
10,028
|
| 9. |
Paid-up
Equity Share Capital |
|
|
|
7,155
|
7,155
|
| 10. |
Rights
Application Money Pending allotment |
|
|
|
21,708
|
-
|
| 11.
|
Reserves
as per Balance Sheet
|
|
|
|
69,648
|
76,633
|
| 12. |
Basic
EPS for the Quarter/Year |
|
|
|
|
|
| |
a)
Before Deferred Tax |
4.91
|
2.49
|
3.26
|
7.40
|
12.97
|
| |
b)
After deferred Tax |
3.62
|
1.42
|
1.84
|
6.04
|
12.97
|
| 13. |
Diluted
EPS for the Quarter/Year |
3.61
|
1.42
|
1.84
|
5.03
|
12.97
|
| 14. |
Aggregate
of Non-Promoter Shareholding: |
|
|
|
|
|
| |
Number
of Shares |
|
|
|
#
51,415,273
|
41,394,890
|
| |
Percentage
of Shareholding |
|
|
|
71.87
%
|
57.86%
|
#
Figures of the Previous period / year have been recast to make them comparable
to the current period / year
Note
:
|
|
|
The cumulative net deferred liability of Rs. 90.90 crores upto 30th
June, 2001, has been adjusted against General Reserves in the accounts
for the current accounting yesr ending 3oth June, 2002.
Deferred Tax Liability for the quarter ended 30th June, 2001 is
only for the comparative purposes and has not been recorded in the
accounts.
|
|
|
To fund the aquisition of Bilt Graphics Papers Ltd. (BGPL), the company
offered on rights basis during the year 57231175 Equity shares of
Rs.10/- each at a premium of Rs. 28 per share or 7153896, 9.5% Fully
convertible debentures at Rs. 304 per debentures on Rights basis aggregating
to Rs. 217.48 Cr. with an option to the existing shareholders to apply
for either of the instruments or both.
The issue, which closed on 28th June, 2002, was over subscribed and
a total sum of Rs. 293.66Cr. was received. The company has since alloted
on 56987372 equity shares and 17592 fully convertible debentures aggregating
to Rs. 217.08 Cr. on 16th July, 2002. The balance amount of Rs.76.58
Cr. has been refunded. |
|
|
The company has acquired 432585094 Equity shares of Bilt Graphic Papers
Ltd. (BGPL) being 66.8% of the paid up Equity Share Capital of the
Company. The shares have been acquired for a total consideration of
Rs. 217.08 Cr. consequently, BGPL has become a subsidiary of the company.
|
|
|
Auditors observations on the audited accounts for the year ending
30th June, 2002 and company's response is as under :-
Regarding non-availability of books of accounts/ records relating
to Unit Bengal Ignot which is under closure since NOvember, 2000
and for non-provision of duty , incidental expenses etc. in respect
of Plant & Machinery etc lying at Port/ warehouse, the Management
is of the opinion that the same is not going to materially affect
the Profit & Loss fo the company.
|
|
|
The Board has recommended Dividend payout of Rs. 25.70 crores representing
20% dividend on the enhanced Equity Capital as against a dividend
payout of Rs. 21.46 crores (representing 30%). for the Previous
Year.
|
|
|
These results were reviewed by the Audit Committee and approved
by the Board in its Meeting held on 27th August, 2002.
|
Quarterly Reporting on Segment Wise Revenues, Results and Capital Employed
Under Clause 41 of the Listing Agreement
|
Rs.(
in lacs)
|
| |
Quarter
ended
30.06.02
|
Half
year ended
30.06.02
|
| Segment
Revenues: |
|
|
| Writing & Printing
Paper |
21034
|
85914
|
| Coated Paper |
1900
|
8700
|
| APR Pulp |
5090
|
18829
|
| Chemicals |
696
|
2884
|
| Others (including traded
goods) |
11726
|
37460
|
| Total |
40446
|
153787
|
| Less : Inter Segment
Revenues |
8028
|
33143
|
| |
32418
|
120644
|
| Segment
Results(Profit) (+) / Loss(-) |
|
|
| Before Tax and interest
from segment |
|
|
| Writing & Printing
Paper |
5590
|
21655
|
| Coated Paper: (incremental) |
158
|
566
|
| APR Pulp |
558
|
2426
|
| Chemicals |
-145
|
-501
|
| Others ( including
traded goods) |
296
|
449
|
| Total |
6457
|
24595
|
| Less: i) interest |
2794
|
11982
|
| ii) Other unallocable
Expenditure net of unallocable income |
589
|
2151
|
| Total Profits before
Tax: |
3074
|
10462
|
|
Capital
Employed:
(Segment
Assets - Segment Liabilities)
(Based on
resonable estimates)
|
|
|
| Writing &
Printing Paper |
|
127693
|
| Coated Paper |
|
4757
|
| APR Pulp |
|
46438
|
| Chemicals |
|
3637
|
| Others |
|
46249
|
| Total |
|
228774
|
...back
|
|
Corporate Brochure 
