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Financials > Financial Results |
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UNAUDITED FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER AND 9 MONTHS ENDED DECEMBER 31, 2006 |
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(Rs Lakhs) |
| DESCRIPTION |
FOR THE 3 MONTHS ENDED 31TH DECEMBER |
FOR THE 9 MONTHS ENDED 31ST DECEMBER |
YEAR
ENDED 31ST MARCH |
2006
UNAUDITED |
2005
UNAUDITED |
2006
UNAUDITED |
2005
UNAUDITED |
2006
AUDITED |
| 1. |
Gross
Sales/Income from operations |
21,431.89 |
20844.47 |
68,935.80 |
63,518.53 |
82,715.92 |
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Less:
Excise Duty |
2415.66 |
2441.41 |
7901.77 |
7287.33 |
9434.78 |
| 2. |
Net
Sales/Income from operation |
19016.23 |
18403.06 |
61034.03 |
56231.20 |
73281.14 |
| 3. |
Other Income |
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From
Sale of Real Estate/Assets |
3.67 |
194.68 |
44.28 |
2240.73 |
7662.16 |
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From
Operations |
36.25 |
158.73 |
96.50 |
213.06 |
151.38 |
| 4. |
Total Expenditure |
| (a) |
(Increase)
/ Decrease in Stock-in-trade |
2364.31 |
(3140.33) |
1192.38 |
(2299.63) |
(6,098.13) |
| (b) |
Consumption
of Raw Materials |
8137.88 |
13130.89 |
32369.24 |
31392.03 |
46192.02 |
| (c) |
Staff
Cost |
1808.32 |
1793.15 |
5555.28 |
5139.77 |
6552.21 |
| (d) |
Purchase
of Finished Goods for resale |
2623.17 |
814.77 |
5113.56 |
3139.48 |
3999.01 |
| (e) |
Other
Expenditure |
4043.89 |
3181.26 |
11798.45 |
11708.12 |
13790.55 |
| 5. |
Profit
before Depreciation, Interest, and Taxation |
78.58 |
2976.73 |
5145.90 |
9605.22 |
16659.02 |
| 6. |
Provision
for Contingency no longer required written back |
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(424.67) |
| 7. |
Provision
- Others |
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400.00 |
| 8. |
Interest and Exchange fluctuation (Net) |
| (a) |
Interest |
965.74 |
1181.17 |
3025.82 |
3397.19 |
4,369.15 |
| (b) |
Exchange
Fluctuation |
44.31 |
365.50 |
90.84 |
537.17 |
534.58 |
| 9. |
Depreciation
/ Amortisation |
369.81 |
461.29 |
1436.93 |
1363.67 |
1,830.51 |
| 10. |
Profit/(Loss)
before tax |
(1301.28) |
968.77 |
592.31 |
4307.19 |
9,949.45 |
| 11. |
Provision for Taxation |
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-Current
(including Wealth Tax) |
NIL |
225.72 |
552.45 |
426.73 |
1,360.01 |
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-Deferred
Tax |
67.14 |
25.20 |
(82.02) |
184.36 |
334.83 |
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-Fringe
Benefit Tax |
35.51 |
73.86 |
102.74 |
172.32 |
288.85 |
| 12. |
Net
Profit/(Loss) |
(1403.93) |
643.99 |
19.20 |
3523.78 |
7965.76 |
| 13. |
Paid
up Equity Share Capital
Face Value : Rs.5/- per share. |
3634.36 |
3587.36 |
3634.36 |
3587.36 |
3587.36 |
| 14. |
Reserves
and Surplus (Refer Note 3)
(Excluding Revalution Reserve) |
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49,191.09 |
| 15. |
Earning
Per Share (Basic) Face Value
Rs. 5 (not annualised) Rs. |
(1.93) |
1.05 |
0.03 |
6.12 |
13.04 |
| 16. |
Earning
Per Share (Diluted)Face Value
Rs. 5 (not annualised) Rs. |
(1.79) |
0.95 |
0.02 |
5.89 |
12.35 |
| 17. |
Aggregate of Public Share Holding |
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Number
of Shares |
43118850 |
25800459 |
43118850 |
25800459 |
42080013 |
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Percentage
of Share Holding |
59.32 |
46.25 |
59.32 |
46.25 |
58.65 |
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| 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. 67,133.62 Lakhs |
| Sales outside India |
Rs. 1,802.18 Lakhs |
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3 |
Effective 1st April, 2006, the Company has adopted the
revised Accounting Standard - 15 (AS-15) Employee Benefits as issued by the Institute of
Chartered Accountants of India. Pursuant to this, the net additional opening liability as
on 1st April, 2006 aggregating to Rs.23.94 lakhs (net of Deferred Tax Asset of Rs 12.15
lakhs) in respect of various employee benefits has been adjusted against the opening
balance of General Reserves. |
| 4. |
Investor Grievance Report -
| No. of investor grievances pending at the beginning
of the quarter |
NIL |
| No. of investor grievances received during the
quarter |
2 |
| No. of investor grievances replied/resolved during
the quarter |
2 |
| No. of investor grievances pending at the end of the
quarter |
NIL |
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| 5. |
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. |
| 6. |
Figures of the previous periods have been
regrouped/rearranged wherever considered necessary. |
| 7. |
The above statement has been subject to a limited
review by the Statutory Auditors, reviewed by the Audit Committee and taken on record by
the Board of Directors of the Company at its meeting held on January 29, 2007. |
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Kolkata
January 29, 2007 |
EVEREADY
INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
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