UNAUDITED FINANCIAL RESULTS (PROVISIONAL)
FOR THE QUARTER ENDED JUNE 30, 2007 |
| |
(Rs. Lakhs) |
| DESCRIPTION |
FOR THE QUARTER ENDED 30TH
JUNE |
FOR THE YEAR ENDED 31ST
MARCH |
2007
UNAUDITED |
2006
UNAUDITED |
2007
AUDITED |
| 1. |
Gross
Sales/Income from operations |
20,880.09 |
25,602.37 |
87,386.69 |
| |
Less:
Excise Duty |
2,387.43 |
2,936.64 |
10,134.25 |
| 2. |
Net
Sales/Income from operations |
18,492.66 |
22,665.73 |
77,252.44 |
| 3. |
Other Income |
| |
From
Sale of Real Estate/Assets |
7.80 |
35.87 |
57.73 |
| |
From
Operations |
41.40 |
48.89 |
240.97 |
|
4. |
Provision no longer required written back |
- |
- |
782.32 |
|
5. |
Total Expenditure |
| (a) |
(Increase)
/ Decrease in Stock-in-Trade |
723.22 |
(1,875.88) |
4,120.54 |
| (b) |
Consumption
of Raw Materials |
10,445.67 |
13,438.28 |
42,601.60 |
| (c) |
Staff
Cost |
1,758.36 |
1,974.96 |
7,045.97 |
| (d) |
Purchase
of Finished Goods for resale |
1,474.49 |
1,082.86 |
4,782.03 |
| (e) |
Other
Expenditure |
3,381.83 |
4,917.22 |
14,346.92 |
| (f) |
Provision - Others |
- |
- |
643.57 |
|
6. |
Profit / (Loss) before Depreciation, Interest,
and Taxation |
758.29 |
3,213.05 |
4,792.83 |
|
7. |
Interest and Exchange fluctuation (Net) |
|
|
|
|
(a) |
Interest |
1,277.69 |
1,038.94 |
4,033.90 |
|
(b) |
Exchange Fluctuation |
41.80 |
27.53 |
84.22 |
|
8. |
Depreciation/ Amortisation(Net) |
533.27 |
530.80 |
1,994.51 |
|
9. |
Profit/(Loss) before tax |
(1,094.47) |
1,615.78 |
(1,319.80) |
|
10. |
Provision for Taxation |
| |
-Current (including Wealth Tax) |
2.75 |
449.51 |
27.38 |
| |
-Deferred Tax
|
113.04 |
(91.88) |
(168.71) |
| |
-Fringe Benefit Tax
|
21.40 |
40.00 |
164.43 |
| 11. |
Net Profit / (Loss) |
(1,231.66) |
1,218.15 |
(1,342.90) |
| 12. |
Paid up Equity Share Capital
Face Value : Rs.5/- per share. |
3,634.36 |
3,612.36 |
3,634.36 |
| 13. |
Reserves and Surplus
(Excluding Revaluation Reserve) |
- |
- |
47,024.20 |
| 14. |
Earning Per Share (Basic )
Face Value
Rs 5. (not annualised) Rs. |
(1.69) |
1.69 |
( 1.85) |
| 15. |
Earning Per Share (Diluted ) Face Value
Rs 5. (not annualised) Rs. |
( 1.69) |
1.56 |
( 1.85) |
|
|
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 insect repellents which come under a single
business segment known as Fast Moving Consumer Goods (FMCG). |
| 2. |
Geographical Segment –
| Sales within India |
Rs. 20,283.71 lakhs |
| Sales outside India |
Rs. 596.38 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. |
During the quarter, the Board of Directors has approved a Scheme of Amalgamation
of its wholly owned subsidiary, Powercell Battery India Ltd., with the Company,
effective April 1, 2007. Requisite approval of the shareholders and sanction of the
Hon’ble High Court at Calcutta, of the said Scheme, is pending. |
| 6. |
During the quarter, Rs. 551.95 lakhs, being 10% of the price of the underlying
equity shares @ Rs. 95/- per share to the convertible warrants issued on a
preferential basis earlier, since not converted, has been forfeited on the relevant
date. |
| 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 July 27, 2007. |
Kolkata
July 27, 2007 |
EVEREADY
INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
|
INFORMATION IN ADDITION TO LISTING REQUIREMENTS
COMBINED UNAUDITED FINANCIAL INFORMATION OF
EVEREADY INDUSTRIES INDIA LTD. AND ITS WHOLLY OWNED SUBSIDIARY
POWERCELL BATTERY INDIA LTD. FOR THE QUARTER ENDED JUNE 30, 2007
|
(Rs. Lakhs) |
| |
Description |
For the Quarter ended
30th June |
For the Year
ended
31st
March |
|
2007
Unaudited |
2006
Unaudited |
2007
Audited |
|
1. |
Gross
Sales/Income from operations |
20,733.33 |
25,021.08 |
95,352.50 |
| |
Less: Excise Duty |
2,421.19 |
2,959.97 |
11,382.24 |
|
2. |
Net Sales/Income from operations |
18,312.14 |
22,061.11 |
83,970.26 |
|
3. |
Other Income |
50.57 |
87.77 |
1,152.67 |
|
4. |
Total Expenditure |
17,581.43 |
18,919.21 |
80,050.93 |
|
5. |
Profit/(Loss) before Depreciation, Interest,
and Taxation |
781.28 |
3,229.67 |
5,072.00 |
|
6. |
Interest and Exchange fluctuation (Net) |
1,326.90 |
1,074.94 |
4,380.07 |
|
7. |
Depreciation/ Amortisation(Net) |
544.82 |
540.77 |
2,421.82 |
|
8. |
Profit/(Loss) before tax |
(1,090.44) |
1,613.96 |
(1,729.89) |
|
9. |
Taxation |
137.37 |
398.16 |
524.72 |
|
10. |
Net Profit / (Loss) |
(1,227.81) |
1,215.80 |
(2,254.61) |
Note:The above additional information were noted by the Board of Directors at its
meeting on July 27, 2007. |
|
|
|
