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Home > Financial Results >Audited Financial 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: |
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|
|
|
|
| |
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 :
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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. |
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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. |
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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. |
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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. |
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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. |
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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 |
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