|
| |
Description |
3 months ended
(31/03/2010) |
Corresponding 3 months ended in the previous year (31/03/2009) |
Year to date figures for current period ended
(31/03/2010) |
Year to date figures for the previous year ended
(31/03/2009) |
| Unaudited |
Unaudited |
Unaudited |
Audited |
| 1 |
Gross Sales/Income from operations |
23,742.69 |
21,329.93 |
101,142.92 |
92,530.74 |
|
Less: Excise Duty |
1,002.00 |
910.03 |
4,270.16 |
6,798.04 |
| 2 |
a) Net Sales/Income from operations |
22,740.69 |
20,419.90 |
96,872.76 |
85,732.70 |
|
b) Other Operating Income |
32.67 |
152.93 |
141.70 |
316.70 |
| 3 |
Total Income |
22,773.36 |
20,572.83 |
97,014.46 |
86,049.40 |
| 4 |
Expenditure |
|
|
|
|
| |
(a) (Increase)/Decrease in Stock-in-Trade and Work-in-Progress |
(716.81) |
(958.89) |
(2,628.56) |
3,493.23 |
|
(b) Consumption of Raw Materials |
11,756.57 |
9,826.49 |
46,603.40 |
37,173.06 |
|
(c) Purchase of Traded Goods |
3,299.57 |
3,965.92 |
15,053.52 |
14,180.82 |
|
(d) Employee Cost |
1,840.12 |
2,021.40 |
7,598.90 |
7,910.70 |
|
(e) Depreciation / Amortisation |
636.54 |
602.11 |
2,412.68 |
2,493.64 |
|
(f) Other Expenditure |
4,354.77 |
4,053.75 |
18,702.97 |
15,124.88 |
| |
(g) Total |
21,170.76 |
19,510.78 |
87,742.91 |
80,376.33 |
| 5 |
Profit from Operations before Other Income, Interest & Exceptional Items |
1,602.60 |
1,062.05 |
9,271.55 |
5,673.07 |
| 6 |
Other Income - Profit on Sale of Real Estate |
- |
- |
703.23 |
- |
| 7 |
Provisions no longer required written back |
124.68 |
194.66 |
124.68 |
194.66 |
| 8 |
Profit before Interest & Exceptional Items |
1,727.28 |
1,256.71 |
10,099.46 |
5,867.73 |
| 9 |
Interest and Exchange fluctuation (Net) |
|
|
|
|
| |
a) Interest |
865.01 |
948.22 |
3,326.89 |
4,061.83 |
|
b) Exchange Fluctuation |
20.81 |
1.16 |
110.93 |
7.96 |
| 10 |
Profit after Interest but before Exceptional Items |
841.46 |
307.33 |
6,661.64 |
1,797.94 |
| 11 |
Exceptional Items |
|
|
|
|
|
- Profit on Surrender of Leasehold Rights & Other Related Assets (Refer Note 5) |
10,645.87 |
|
10,645.87 |
|
|
- Workmen Separation Cost (Refer Note 6) |
194.98 |
- |
715.28 |
- |
|
- Expenditure relating to Investment in Subsidiary (Refer Note 6) |
193.01 |
- |
193.01 |
- |
| 12 |
Profit from Ordinary Activities before Tax |
11,099.34 |
307.33 |
16,399.22 |
1,797.94 |
| 13 |
Tax Expense |
|
|
|
|
|
-Current (including Wealth Tax) |
1,892.05 |
19.19 |
2,799.61 |
27.44 |
|
-Reversal of provision relating to earlier years |
- |
(325.34) |
- |
(325.34) |
|
-Deferred Tax |
(552.91) |
- |
(621.60) |
(40.08) |
|
-Fringe Benefit Tax |
- |
54.09 |
- |
195.70 |
| 14 |
Net Profit from Ordinary Activities after Tax |
9,760.20 |
559.39 |
14,221.21 |
1,940.22 |
| 15 |
Extraordinary items (net of tax expenses Rs.) |
NIL |
NIL |
NIL |
NIL |
| 16 |
Net Profit for the period / year |
9,760.20 |
559.39 |
14,221.21 |
1,940.22 |
| 17 |
Paid up Equity Share Capital Face Value : Rs.5/- per share. |
3,634.36 |
3,634.36 |
3,634.36 |
3,634.36 |
| 18 |
Reserves and Surplus Excluding Revaluation Reserve as per Balance Sheet of Previous accounting year |
- |
- |
59,148.56 |
44,687.41 |
| 19 |
Earning Per Share(EPS) - Rupees |
|
|
|
|
|
Basic and Diluted EPS for the period, for the year to date and for the previous year (not to be annualised) |
|
|
Basic |
13.43 |
0.77 |
19.56 |
2.67 |
|
Diluted |
13.43 |
0.72 |
19.56 |
2.51 |
| 20 |
Public Shareholding |
|
|
|
|
|
Number of Shares |
43,210,922 |
43,489,556 |
43,210,922 |
43,489,556 |
|
Percentage of Share Holding |
59.45 |
59.83 |
59.45 |
59.83 |
| 21 |
Promoters & Promoter Group Shareholding |
|
|
|
|
|
a) Pledged / Encumbered |
|
|
|
|
|
No of Shares |
9,200,000 |
22,780,028.00 |
9,200,000 |
22,780,028 |
|
% of the total shareholding of Promoter & Promoter Group |
31.21 |
78.02 |
31.21 |
78.02 |
|
% of the total share capital of the Company |
12.66 |
31.34 |
12.66 |
31.34 |
|
b) Non-Encumbered |
|
|
|
|
|
No of Shares |
20,276,338 |
6,417,676.00 |
20,276,338 |
6,417,676 |
|
% of the total shareholding of Promoter & Promoter Group |
68.79 |
21.98 |
68.79 |
21.98 |
|
% of the total share capital of the Company |
27.89 |
8.83 |
27.89 |
8.83 |
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 – |
| |
(Rs. Lakhs)
|
3 months ended (31/03/2010) |
3 months ended (31/03/2009) |
Year to date for
period ended
(31/03/2010) |
Year to date for
period ended
(31/03/2009) |
| Sales within India |
22,959.32 |
20,396.21 |
98,117.57 |
89,698.48 |
| Sales outside India |
783.37 |
933.72 |
3,025.35 |
2,832.26 |
|
| |
|
| 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. |
Pursuant to an MOU on August 29, 2007 with Housing Development & Infrastructure Limited (HDIL) for the
transfer of its leasehold premises at Navi Mumbai for a consideration of Rs. 11,500 Lakhs, the Company had earlier
received Rs. 6,150 Lakhs and the balance amount on July 29, 2008, resulting in full recovery of transaction value.
With the assignment/transfer now being executed, the income effect for the transfer was recorded in the current
quarter. |
| |
|
| 6. |
Exceptional Items include pre-acquisition expenses pertaining to the acquisition of subsidiaries as well as amortised
separation costs of workmen who opted for the same consequent to the suspension of operations at the Company’s
manufacturing facility at Hyderabad. |
| |
|
| 7. |
The above mentioned Hyderabad unit has been declared closed from the close of April 24, 2010 in keeping with
legal formalities in this regard. |
| |
|
| 8. |
Figures of the previous periods have been regrouped / rearranged wherever considered necessary. |
| |
|
| 9. |
The above results were reviewed by the Audit Committee, approved by the Board of Directors of the Company at
their meetings held on April 30, 2010 and a limited review of the same has been carried out by the statutory auditors
of the Company. |
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Kolkata
April 30, 2010 |
EVEREADY INDUSTRIES INDIA LTD
Suvamoy Saha
Director |
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