UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR
THE QUARTER AND HALF YEAR ENDED SEPTEMBER 30, 2006 |
| |
(Rs Lakhs) |
| DESCRIPTION |
FOR THE 3 MONTHS ENDED 30TH SEPTEMBER |
FOR THE HALF YEAR ENDED 30TH SEPTEMBER |
YEAR
ENDED 31ST MARCH |
2006
UNAUDITED |
2005
UNAUDITED |
2006
UNAUDITED |
2005
UNAUDITED |
2006
AUDITED |
| 1. |
Gross
Sales/Income from operations |
21,901.54 |
21,358.96 |
47,503.91 |
42,674.06 |
82,715.92 |
| |
Less:
Excise Duty |
2,549.47 |
2,360.02 |
5,486.11 |
4,845.92 |
9,434.78 |
| 2. |
Net
Sales/Income from operation |
19,352.07 |
18,998.94 |
42,017.80 |
37,828.14 |
73,281.14 |
| 3. |
Other Income |
| |
From
Sale of Real Estate/Assets |
4.74 |
2,005.85 |
40.61 |
2,046.05 |
7,662.16 |
| |
From
Operations |
19.48 |
20.71 |
60.26 |
54.33 |
151.38 |
| 4. |
Total Expenditure |
| (a) |
(Increase)
/ Decrease in Stock-in-trade |
703.95 |
1,748.25 |
(1,171.93) |
840.69 |
(6,098.13) |
| (b) |
Consumption
of Raw Materials |
10,084.42 |
7,238.41 |
24,231.35 |
18,261.14 |
46,192.02 |
| (c) |
Staff
Cost |
1,771.99 |
1,725.85 |
3,746.96 |
3,346.62 |
6,552.21 |
| (d) |
Purchase
of Finished Goods for resale |
1,407.53 |
1,761.48 |
2,490.39 |
2,324.71 |
3,999.01 |
| (e) |
Other
Expenditure |
3,545.97 |
4,436.08 |
7,754.56 |
8,526.86 |
13,790.55 |
| 5. |
Profit
before Depreciation, Interest, and Taxation |
1,862.43 |
4,115.43 |
5,067.34 |
6,628.50 |
16,659.02 |
| 6. |
Provision
for Contingency no longer required written back |
|
|
|
|
(424.67) |
| 7. |
Provision
- Others |
|
|
|
|
400.00 |
| 8. |
Interest and Exchange fluctuation (Net) |
| (a) |
Interest |
1,029.27 |
1,169.48 |
2,060.07 |
2,216.02 |
4,369.15 |
| (b) |
Exchange
Fluctuation |
19.00 |
282.53 |
46.53 |
171.67 |
534.58 |
| 9. |
Depreciation
/ Amortisation |
536.32 |
437.89 |
1,067.12 |
902.37 |
1,830.51 |
| 10. |
Profit
before tax |
277.84 |
2,225.53 |
1,893.62 |
3,338.44 |
9,949.45 |
| 11. |
Provision for Taxation |
|
|
-Current
(including Wealth Tax) |
102.94 |
33.92 |
552.45 |
201.01 |
1,360.01 |
| |
-Deferred
Tax |
(57.34) |
(100.64) |
(149.22) |
159.16 |
334.83 |
| |
-Fringe
Benefit Tax |
27.23 |
41.96 |
67.23 |
98.46 |
288.85 |
| 12. |
Net
Profit |
205.01 |
2,250.29 |
1,423.16 |
2,879.81 |
7,965.76 |
| 13. |
Paid
up Equity Share Capital
Face Value : Rs.5/- per share. |
3,634.36 |
2,788.95 |
3,634.36 |
2,788.95 |
3,587.36 |
| 14. |
Reserves
and Surplus
(Excluding Revalution Reserve) |
|
|
|
|
49,191.09 |
| 15. |
Earning
Per Share (Basic) Face Value
Rs. 5 (not annualised) Rs. |
0.28 |
4.03 |
1.97 |
5.16 |
13.04 |
| 16. |
Earning
Per Share (Diluted)Face Value
Rs. 5 (not annualised) Rs. |
0.26 |
4.03 |
1.81 |
5.16 |
12.35 |
| 17. |
Aggregate of Public Share Holding |
| |
Number
of Shares |
43118850 |
25800459 |
43118850 |
25800459 |
42080013 |
| |
Percentage
of Share Holding |
59.32 |
46.25 |
59.32 |
46.25 |
58.65 |
|
|
TOP |
|
| NOTES |
| 1. |
The Company is engaged in the business of
manufacture and sale of dry cell batteries, flashlights and packet tea as well as sale of
mosquito coils which come under a single business segment known as Fast Moving Consumer
Goods (FMCG). |
| 2. |
Geographical Segment –
| Sales within India |
Rs. 46,605.52 Lakhs |
| Sales outside India |
Rs. 898.39 Lakhs |
|
| 3. |
Investor Grievance Report -
| No. of investor grievances pending at the beginning
of the quarter |
NIL |
| No. of investor grievances received during the
quarter |
1 |
| No. of investor grievances replied/resolved during
the quarter |
1 |
| No. of investor grievances pending at the end of the
quarter |
NIL |
|
| 4. |
Trial proceedings before the Chief Judicial
Magistrate, Bhopal, on the modified charges framed under the directions of the Supreme
Court that commenced in September 1997, are yet to be concluded. As per advice of legal
counsel, allegations against the Company are without any firm basis and the possibility of
proceedings against the Company succeeding is extremely remote. Since the charges are very
likely to fail, no provision is necessary at this stage. |
| 5. |
On September 27, 2006, 4,40,000 shares of Rs. 5/-
were allotted on conversion of warrants and the paid-up capital increased to Rs. 3,634.36
lakhs. |
| 6. |
The Unaudited Financial results for the quarter and
half year ended 30 September, 2006 do not take into consideration the effect of
adjustments to be carried out in accordance with the requirements of Accounting Standard
15 (Revised) - Employee Benefits – as the required information and valuation are yet
to be made available by the actuary. |
| 7. |
Figures of the previous periods have been
regrouped/rearranged wherever considered necessary. |
| 8. |
The above statement, which was subject to a limited
review by the Statutory Auditors, was reviewed by the Audit Committee and taken on record
by the Board of Directors of the Company at its meeting held on October 27, 2006. |
|
|
Kolkata
October 27, 2006 |
EVEREADY
INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
|
|
|
