UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER & NINE MONTHS ENDED DECEMBER 31, 2007 |
| |
(Rs. Lakhs) |
| |
Description |
3 months ended (31/12/2007) |
Corresponding 3 months ended in the previous year(31/12/2006) |
Year to date figures for current period ended (31/12/2007) |
Year to date figures for the previous year ended (31/12/2006) |
Previous accounting year ended (31/03/2007) |
|
| Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| 1. |
Gross Sales/Income from Operations |
25,043.66 |
23,434.34 |
73,120.30 |
74,894.97 |
95,352.49 |
| |
Less: Excise Duty |
2,437.38 |
2,676.70 |
7,723.21 |
8,420.06 |
11,382.24 |
| 2. |
Net Sales/Income from Operations |
22,606.28 |
20,757.64 |
65,397.09 |
66,474.91 |
83,970.25 |
| 3. |
Other Income |
|
|
|
|
|
| |
From Sale of Real Estate/ Assets |
70.39 |
3.67 |
79.84 |
44.28 |
57.73 |
| |
From Operations |
163.56 |
57.62 |
260.24 |
177.13 |
312.62 |
| 4. |
Total Income |
22,840.23 |
20,818.93 |
65,737.17 |
66,696.32 |
84,340.60 |
| 5. |
Expenditure |
|
|
|
|
|
| |
(a) (Increase)/Decrease in Stock-in-Trade and |
|
|
|
|
|
| |
Work-in-Progress |
(105.98) |
2,248.71 |
(387.12) |
754.65 |
4,020.59 |
| |
(b) Consumption of Raw Materials |
10,469.84 |
9,643.75 |
34,802.42 |
36,081.82 |
46,567.60 |
| |
(c) Purchase of Traded Goods |
4,271.79 |
2,837.81 |
8,422.13 |
5,533.71 |
4,855.32 |
| |
(d) Employees Cost |
1,957.95 |
2,017.64 |
5,677.78 |
6,165.40 |
7,864.58 |
| |
(e) Depreciation |
648.70 |
481.93 |
1,941.07 |
1,761.43 |
2,421.82 |
| |
(f) Other Expenditure |
4,026.13 |
4,075.29 |
11,751.30 |
12,746.14 |
16,742.84 |
| |
(g)Total |
21,268.43 |
21,305.13 |
62,207.58 |
63,043.15 |
82,472.75 |
| 6. |
Interest and Exchange Fluctuation (Net) |
|
|
|
|
|
| |
a) Interest |
1,399.90 |
1,038.65 |
4,043.34 |
3,242.98 |
4,295.84 |
| |
b) Exchange Fluctuation |
(31.19) |
27.88 |
7.02 |
93.35 |
84.22 |
| 7. |
Exceptional Items - Provisions no longer required written back |
|
|
|
|
782.32 |
| 8. |
Profit(+)/Loss(-) from Ordinary Activities before Tax |
203.09 |
(1,552.73) |
(520.77) |
316.84 |
(1,729.89) |
| 9. |
Tax Expense |
|
|
|
|
|
| |
-Current (including Wealth Tax) |
2.75 |
- |
8.25 |
552.45 |
27.38 |
| |
-Deferred Tax |
422.30 |
67.14 |
627.70 |
(82.08) |
322.55 |
| |
-Fringe Benefit Tax |
47.76 |
38.82 |
122.77 |
112.48 |
174.79 |
| 10. |
Net Profit(+)/Loss(-) from Ordinary Activities after Tax |
(269.72) |
(1,658.69) |
(1,279.49) |
(266.01) |
(2,254.61) |
| 11. |
Extraordinary items (net of tax expenses Rs. NIL) |
NIL |
NIL |
NIL |
NIL |
NIL |
| 12. |
Net Profit(+)/Loss(-) for the period |
(269.72) |
(1,658.69) |
(1,279.49) |
(266.01) |
(2,254.61) |
| 13. |
Paid up Equity Share Capital Face:
Value Rs.5/- per share. |
3,634.36 |
3,634.36 |
3,634.36 |
3,634.36 |
3,634.36 |
| 14. |
Reserves and Surplus Excluding Revaluation |
- |
- |
- |
- |
46,165.83 |
| |
Reserve as per Balance Sheet of previous |
|
|
|
|
|
| 15. |
Earning Per Share(EPS) |
|
|
|
|
|
| |
Basic and Diluted EPS for the period, for the year to date and for the previous year (not to |
|
|
|
|
|
| |
Basic |
(0.37) |
(2.28) |
(1.76) |
(0.37) |
(3.11) |
| |
Diluted |
(0.37) |
(2.28) |
(1.76) |
(0.37) |
(3.11) |
| 16. |
Public Share holding |
|
|
|
|
|
| |
Number of Shares |
43,239,153 |
43,199,350 |
43,239,153 |
43,199,350 |
43,193,892 |
| |
Percentage of Share Holding |
59.49 |
59.43 |
59.49 |
59.43 |
59.42 |
|
|
TOP |
|
|
NOTES: |
| 1. |
The Company is engaged in the business of marketing of dry cell batteries, flashlights,
packet tea, general lighting products, insect repellents and other homecare products
which come under a single business segment known as Fast Moving Consumer Goods
(FMCG). |
| 2. |
Geographical Segment
–
| Sales within India |
Rs. 71,372.07 lakhs |
| Sales outside
India |
Rs. 1,748.23 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 |
5 |
| No. of investor grievances
replied/resolved during the quarter |
5 |
| 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 possibilities of proceedings against the
Company, succeeding are extremely remote. Since the charges are very likely to fail, no
provision is necessary at this stage. |
| 5. |
By an order dated December 5, 2007, the Hon’ble High Court at Calcutta has
sanctioned the Scheme of Amalgamation of the wholly owned subsidiary, Powercell
Battery India Limited., with the Company, with effect from April 1, 2007. The said
Order has been filed with the Registrar of Companies, West Bengal. Due effect of the
amalgamation has accordingly, been given in these results. In order to make the figures
comparable, those for the quarter and period ended December 31, 2007 have been
restated so as to reflect the results of the merged entity for the respective periods. The
figures for the previous accounting year represent audited results of the combined
entity. |
| 6. |
Figures of the previous periods have been regrouped/rearranged wherever considered
necessary. |
| 7. |
The above statement, which was subject to a limited review by the Statutory Auditors,
was reviewed by the Audit Committee and approved by the Board of Directors of the
Company at its meeting held on January 30, 2008. |
Kolkata
January 30, 2008 |
EVEREADY
INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
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