AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH 31, 2008 |
| |
(Rs. Lakhs) |
| Description |
3 months
ended
(31/03/2008) |
Corresponding 3
months
ended in the
previous year
(31/03/2007) |
Year to date
figures for current
year ended
(31/03/2008) |
Year to date
figures for the
previous year
ended
(31/03/2007) |
| Unaudited |
Unaudited |
Audited |
Audited |
| 1 |
Gross Sales/Income from operations |
21,515.67 |
20,457.52 |
94,635.97 |
95,352.49 |
| |
Less: Excise Duty |
2,195.26 |
2,962.18 |
9,918.48 |
11,382.24 |
| 2 |
Net Sales/Income from operations |
19,320.41 |
17,495.34 |
84,717.49 |
83,970.25 |
| 3 |
Other Income |
|
|
|
|
| |
From Sale of Real Estate |
- |
36.47 |
- |
36.47 |
| |
From Operations |
107.76 |
112.47 |
447.84 |
333.88 |
| 4 |
Total Income |
19,428.17 |
17,644.28 |
85,165.33 |
84,340.60 |
| 5 |
Expenditure |
|
|
|
|
| |
(a) (Increase) / Decrease in Stock-in-Trade and Work-in-Progress |
(1,657.18) |
3,265.94 |
(2,044.30) |
4,020.59 |
| |
(b) Consumption of Raw Materials |
10,140.98 |
9,075.05 |
44,943.40 |
46,567.60 |
| |
(c) Purchase of Traded Goods |
4,275.80 |
732.34 |
12,697.93 |
4,855.32 |
| |
(d) Employees Cost |
1,375.81 |
1,699.18 |
7,053.59 |
7,864.58 |
| |
(e) Depreciation |
822.34 |
660.39 |
2,763.41 |
2,421.82 |
| |
(f) Other Expenditure |
4,087.67 |
3,996.70 |
15,838.96 |
16,742.84 |
| |
(g)Total |
19,045.42 |
19,429.60 |
81,252.99 |
82,472.75 |
| 6 |
Net Loss on Sale of Real Estate |
109.62 |
- |
109.62 |
- |
| 7 |
Interest and Exchange fluctuation (Net) |
|
|
|
|
| |
a) Interest |
1,181.24 |
1,052.86 |
5,224.58 |
4,295.84 |
| |
b) Exchange Fluctuation |
(23.21) |
(9.13) |
(16.19) |
84.22 |
| 8 |
Exceptional Items - Provisions no longer required written back |
964.38 |
782.32 |
964.38 |
782.32 |
| 9 |
Profit(+)/Loss(-) from Ordinary Activities before Tax |
79.48 |
(2,046.73) |
(441.29) |
(1,729.89) |
| 10 |
Tax Expense |
|
|
|
|
| |
-Current (including Wealth Tax) |
2.75 |
(525.07) |
11.00 |
27.38 |
| |
-Deferred Tax |
687.40 |
404.63 |
1,315.10 |
322.55 |
| |
-Fringe Benefit Tax |
41.67 |
62.31 |
164.43 |
174.79 |
| 11 |
Net Profit(+)/Loss(-) from Ordinary Activities after Tax |
(652.34) |
(1,988.60) |
(1,931.82) |
(2,254.61) |
| 12 |
Extraordinary items (net of tax expenses Rs. NIL) |
NIL |
NIL |
NIL |
NIL |
| 13 |
Net Profit(+)/Loss(-) for the year/period |
(652.34) |
(1,988.60) |
(1,931.82) |
(2,254.61) |
| 14 |
Paid up Equity Share Capital Face Value : Rs.5/- per share. |
3,634.36 |
3,634.36 |
3,634.36 |
3,634.36 |
| 15 |
Reserves and Surplus Excluding Revaluation Reserve as per Balance Sheet of Previous accounting year |
- |
- |
42,747.23 |
46,165.84 |
| 16 |
Earning Per Share(EPS)
Basic and Diluted EPS for the period, for the year to
date and for the previous year (not to be annualised) |
|
|
|
|
| |
Basic |
(0.90) |
(2.74) |
(2.66) |
(3.11) |
| |
Diluted |
(0.90) |
(2.74) |
(2.66) |
(3.11) |
| 17 |
Public Share holding |
|
|
|
|
| |
Number of Shares |
43,489,556 |
43,193,892 |
43,489,556 |
43,193,892 |
| |
Percentage of Share Holding |
59.83 |
59.42 |
59.83 |
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. 92,182.98 lakhs |
| Sales outside
India |
Rs. 2,452.99 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 |
4 |
| No. of investor grievances
replied/resolved during the quarter |
4 |
| 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. |
The Company had entered into a Memorandum of Understanding on August 29, 2007 with
Housing Development & Infrastructure Limited for transfer of its leasehold premises at Navi
Mumbai for a consideration of Rs. 11500 Lakhs. The Company has received Rs. 6150 Lakhs,
during the year, on account of this transaction. |
| 6. |
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. Due effect of the amalgamation has
accordingly, been given in these results. |
| 7. |
In order to make the figures comparable, those for the quarter and year ended March 31, 2007
have been restated so as to reflect the results of the merged entity for the respective period.
Figures for the quarter ended March 31, 2007 have been restated to reflect the results of the
merged entity. The results for the year ended March 31, 2007 reflect the results extracted from
the audited consolidated financial statements. |
| 8. |
Figures of the previous periods have been regrouped/rearranged wherever considered necessary. |
| 9. |
The above results was reviewed by the Audit Committee and approved by the Board of Directors
of the Company at its meeting held on May 6, 2008. |
Kolkata
May 06, 2008 |
EVEREADY
INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
|
|
|
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