AUDITED FINANCIAL RESULTS
FOR THE YEAR ENDED MARCH 31, 2007 |
| |
(Rs Lakhs) |
| DESCRIPTION |
NINE
MONTHS
ENDED 31st
DECEMBER |
FOR THE 3
MONTHS ENDED
31ST March |
FOR THE YEAR
ENDED 31ST MARCH |
CONSOLIDATED
FOR THE YEAR
ENDED 31ST MARCH |
2006
UNAUDITED |
2007
UNAUDITED |
2006
UNAUDITED |
2007
AUDITED |
2006
AUDITED |
2007
AUDITED |
2006
AUDITED |
| 1. |
Gross
Sales/Income from operations |
68,935.80 |
18,450.89 |
19,197.39 |
87,386.69 |
82,715.92 |
95,352.49 |
84,899.70 |
| |
Less:
Excise Duty |
7,901.77 |
2,232.47 |
2,147.45 |
10,134.25 |
9,434.78 |
11,382.24 |
9,705.37 |
| 2. |
Net
Sales/Income from operations |
61,034.03 |
16,218.42 |
17,049.94 |
77,252.44 |
73,281.14 |
83,970.25 |
75,194.33 |
| 3. |
Other Income |
| |
From
Sale of Real Estate/Assets |
44.28 |
13.45 |
5,423.38 |
57.73 |
7,664.11 |
57.73 |
7,664.11 |
| |
From
Operations |
96.50 |
144.47 |
(6.88) |
240.97 |
206.18 |
312.62 |
165.35 |
|
4. |
Provision no longer required written back |
|
782.32 |
424.67 |
782.32 |
424.67 |
782.32 |
424.67 |
|
5. |
Total Expenditure |
| (a) |
(Increase)
/ Decrease in Stock-in-trade |
1,192.38 |
2,928.16 |
(3,781.78) |
4,120.54 |
(6,081.41) |
4,020.59 |
(6,343.52) |
| (b) |
Consumption
of Raw Materials |
34,384.94 |
8,216.67 |
13,610.34 |
42,601.60 |
45,623.54 |
46,603.20 |
47,395.86 |
| (c) |
Staff
Cost |
5,555.28 |
1,490.69 |
1,111.77 |
7,045.97 |
6,251.54 |
7,864.58 |
6,872.52 |
| (d) |
Purchase
of Finished Goods for resale |
3,702.83 |
1,079.20 |
859.53 |
4,782.03 |
3,999.01 |
4,855.32 |
3,913.05 |
| (e) |
Other
Expenditure |
11,193.48 |
3,153.44 |
3,556.05 |
14,346.92 |
14,643.00 |
16,077.95 |
14,225.27 |
|
(f) |
Provisions-Others |
|
643.57 |
400.00 |
643.57 |
400.00 |
643.57 |
400.00 |
|
6. |
Profit/
(Loss)
before Depreciation, Interest, and Taxation |
5,145.90 |
(353.07) |
7,135.20 |
4,792.83 |
16,740.42 |
5,057.71 |
16,985.28 |
|
7. |
Interest and Exchange fluctuation (Net) |
| (a) |
Interest |
3,025.82 |
1,008.09 |
1,028.70 |
4,033.90 |
4,425.89 |
4,295.84 |
4,494.21 |
| (b) |
Exchange
Fluctuation |
90.84 |
(6.62) |
(2.59) |
84.22 |
534.58 |
84.22 |
534.58 |
|
8. |
Depreciation
/ Amortisation (Net) |
1,436.93 |
557.57 |
466.84 |
1,994.51 |
1,830.51 |
2,421.82 |
1,975.69 |
|
9. |
Profit/(Loss)
before tax |
592.31 |
(1,912.11) |
5,642.25 |
(1,319.80) |
9,949.44 |
(1,744.17) |
9,980.80 |
|
10. |
Provision for Taxation |
|
|
-Current
(including Wealth Tax) |
552.45 |
(525.07 |
933.28 |
27.38 |
1,360.01 |
27.38 |
1,360.01 |
| |
-Deferred
Tax |
(82.08) |
(86.63) |
150.47 |
(168.71) |
334.83 |
322.55 |
305.47 |
| |
-Fringe
Benefit Tax |
102.74 |
61.69 |
116.53 |
164.43 |
288.85 |
174.79 |
296.21 |
|
11. |
Net
Profit/(Loss) |
19.20 |
(1,362.10) |
4,441.97 |
(1,342.90) |
7,965.75 |
(2,268.89) |
8,019.11 |
|
12.. |
Paid
up Equity Share Capital
Face Value : Rs.5/- per share. |
3,634.36 |
3,634.36 |
3,587.36 |
3,634.36 |
3,587.36 |
3,634.36 |
3,587.36 |
|
13. |
Reserves and Surplus
(Excluding Revaluation Reserve) |
|
|
|
47,024.20 |
49,191.09 |
46,165.83 |
49,273.81 |
|
14. |
Earning
Per Share (Basic) Face Value
Rs. 5 (not annualised) Rs. |
0.03 |
(1.87) |
6.19 |
(1.85) |
13.04 |
(3.13) |
13.12 |
|
15. |
Earning
Per Share (Diluted)Face Value
Rs. 5 (not annualised) Rs. |
0.02 |
(1.87) |
5.66 |
(1.85) |
12.35 |
(3.13) |
12.44 |
|
16. |
Aggregate of Public Share Holding |
| |
Number
of Shares |
43199350 |
43193892 |
42080013 |
43193892 |
42080013 |
43193892 |
42080013 |
| |
Percentage
of Share Holding |
59.43 |
59.42 |
58.65 |
59.42 |
58.65 |
59.42 |
58.65 |
|
|
* Includes accounts of
Powercell Battery India Limited which became a wholly owned
subsidiary w.e.f. 23.11.2005 |
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 constitute a single
business segment known as Fast Moving Consumer Goods (FMCG). |
| 2. |
Geographical Segment –
| |
Stand Alone |
Consolidated |
| Sales within India |
Rs. 84,965.39 lakhs |
Rs. 92,931.19 lakhs |
| Sales outside India |
Rs. 2,421.30 lakhs |
Rs. 2,421.30 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 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. |
During the year ended March 31, 2007, 9,40,000 equity shares were allotted on
conversion of warrants and the share capital increased to Rs. 3,634.36 Lakhs. |
| 6. |
Consequent to the early application of Accounting Standard 15 (revised 2005)
“Employee Benefits” issued by the Institute of Chartered Accountants of India, all
employee benefits have been determined as stipulated in the Standard and in
accordance with the transitional provisions, the liability as at 1st April, 2006 has been
recomputed and the difference with the liability existing as on 31st March, 2006
aggregating to Rs. 22.38 Lakhs (net of deferred tax asset of Rs 11.36 Lakhs ) has been
adjusted to the General Reserve. |
| 7. |
Figures of the previous periods have been
regrouped/rearranged wherever considered necessary. |
| 8. |
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 11, 2007. |
|
|
Kolkata
May 11, 2007 |
EVEREADY
INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
|
|
|
