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Quarterly Result
GREENPLY INDUSTRIES LIMITED
Regd.Office:Makum Road, Tinsukia, Assam
UNAUDITED FINANCIAL RESULTS (Provisional) For The Quater Ended On 31st
December, 2007
|
| (Rs. in lacs) |
Sl.
No. |
PARTICULARS |
Quarter
ended
on 31.12.2007 (Unaudited) |
Quarter
ended on 31.12.2006 (Unaudited) |
Nine Months
ended on
31.12.2007
(Unaudited) |
Nine Month
sended on
31.12.2006
(Unaudited) |
Year ended
on
31.03.2007
(Audited) |
| |
|
|
|
|
|
|
| 1 |
Net Sales/Income from
Operations |
|
|
|
|
|
| |
Gross Sales |
16255.34 |
11921.69 |
45798.62 |
33821.06 |
46952.46 |
| |
Less: Excise Duty on
Sales |
1003.28 |
1036.54 |
2993.75 |
3044.00 |
4029.84 |
| |
Less: VAT/Sales Tax
& Turnover Tax |
1332.71 |
905.76 |
3722.36 |
2618.02 |
3702.67 |
| |
Net Sales/Income from
Operations |
13919.35 |
9979.39 |
39082.51 |
28159.04 |
39219.95 |
| 2 |
Other Income |
27.88 |
1.44 |
430.68 |
64.78 |
83.07 |
| 3 |
Total Income |
13947.23 |
9980.83 |
39513.19 |
28223.82 |
39303.02 |
| 4 |
Expenditure |
| |
a) Increase) / decrease in stock in trade
& Work in progress |
28.42 |
(544.48) |
(630.10) |
(722.48) |
(1338.57) |
| |
b) Consumption of Raw materials |
7374.03 |
6638.25 |
22215.42 |
18153.70 |
24919.59 |
| |
c) Purchase of
Finished Goods |
603.20 |
13.97 |
952.82 |
77.30 |
181.64 |
| |
d) Staff Cost |
1078.96 |
723.58 |
2823.34 |
2009.76 |
2912.91 |
| |
e) Depreciation |
359.41 |
237.87 |
980.57 |
596.21 |
864.83 |
| |
f) Administrative & Selling Expenses |
2147.94 |
1244.83 |
5967.17 |
3937.24 |
5815.08 |
| |
g)
Other Expenditure |
583.02 |
469.78 |
1808.08 |
1409.92 |
2115.86 |
| 5 |
Interest |
456.14 |
390.58 |
1374.86 |
885.16 |
1174.79 |
| 6 |
Exceptional Items |
- |
- |
- |
- |
- |
| 7 |
Profit (+) / Loss (-)
from Ordinary activities before tax |
1316.11 |
806.45 |
4021.03 |
1877.01 |
2656.89 |
| 8 |
Tax Expenses |
| |
for Current |
(176.07) |
(86.00) |
(658.07) |
(200.00) |
(270.00) |
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for Deferred |
(147.93) |
(56.99) |
(326.74) |
(63.20) |
(92.59) |
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for Fringe Benefits Tax |
(11.75) |
(9.00) |
(30.00) |
(24.00) |
(33.00) |
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for Earlier year |
- |
- |
- |
(8.98) |
(8.98) |
| 9 |
Net Profit (+) / Loss (-)
from ordinary activities after tax |
980.36 |
654.46 |
3006.22 |
1580.83 |
2252.32 |
| 10 |
Extra ordinary
items (net of tax expense) |
- |
- |
- |
- |
- |
| 11 |
Net Profit (+) / Loss (-)
for the period |
980.36 |
654.46 |
3006.22 |
1580.83 |
2252.32 |
| 12 |
Paid-up Equity Share Capital |
849.87 |
822.62 |
849.87 |
822.62 |
822.62 |
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(Face value Rs.5/-per
share) |
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|
|
| 13 |
Reserves excluding
Revaluation Reserves |
- |
- |
- |
- |
9874.67 |
| 14 |
a) EPS (Rs.) before
Extraordinary Items: |
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Basic |
5.77* |
3.98* |
17.69* |
9.61* |
14.18 |
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Diluted |
5.77* |
3.85* |
17.69* |
9.30* |
13.80 |
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b) EPS (Rs.) after
Extraordinary Items: |
| |
Basic |
5.77* |
3.98* |
17.69* |
9.61* |
14.18 |
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Diluted |
5.77* |
3.85* |
17.69* |
9.30* |
13.80 |
| 15 |
Public Share holding |
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Number of Shares |
7662800 |
7662800 |
7662800 |
7662800 |
7662800 |
| |
Percentage of Shareholding |
45.08 |
46.58 |
45.08 |
46.58 |
46.58 |
| 16 |
Dividend recommended
/ Declared / Paid |
- |
- |
30% |
20% |
50% |
*Not Annualised
Notes:
1 The above results have been reviewed by the Audit Committee and taken on record
by the Board of Directors of the Company at its meeting held on 22nd January,2008.
2 Figures of the previous year/quarter/nine months have been re-grouped and/or rearranged wherever
necessary.
3 The status of investor complaints
received and disposed off during the quarter ended 31st December, 2007 is as
under: Complaints pending at the beginning of
the quarter is Nil; received during the quarter is Nil; disposal of
complaints is N.A. and complaints lying un-resolved at the
end of the quarter is N.A.
4 During the quarter the
Company has converted 4,00,000 Convertible Warrants No.2 of Rs 5/- each
issued at a premium of Rs 109/-per warrant through
Preferential issue in the year 2006-07 into 4,00,000 Equity Shares of Rs 5/-
each at a premium of Rs 109/- pershare. Accordingly, the
paid-up equity capital of the Company has increased from Rs 829.87 lacs to Rs
849.87 lacs.
5 During the quarter the
Company has acquired Galaxy Décor Private Limited and Platinum Veneers
Private Limited, both engaged inthe business segment of
manufacturing Plywood and its allied products, as wholly owned subsidiary
companies.
6 The Board of Directors at
its meeting held on 22nd January,2008 has approved the Scheme of Amalgamation
of Galaxy Décor PrivateLimited and Platinum
Veneers Private Limited (both unquoted and Wholly Owned Subsidiary Companies
of Greenply Industries Limited)with Greenply Industries Limited.
7 EPS-Basic/Diluted has
been calculated on equity share of face value of Rs.5/- each considering
enhanced capital.
8 The company has raised
Rs. 4060.68 lacs through preferential allotment of equity shares and Convertible Warrants and
accordinglyto Listing Agreement the
details of utilisation of proceeds are as follows:
| Particulars |
Amount (Rs./lacs) |
| Redemption of all 6% Cumulative
Redeemable Preference Shares |
1,001.47 |
| Capital Expenditure |
1,426.88 |
| Working Capital |
1,068.83 |
| Total |
3,497.18 |
9 The Company has Wholly
Owned Subsidiary Companies i.e. Greenlam Asia Pacific Pte. Ltd. (formerly GIL
Intercontinental Pte. Ltd.),Galaxy Décor Private
Limited and Platinum Veneers Private Limited. The consolidated figures for
the nine months ended on 31stDecember 2007 are as follows:Turnover-Rs. 48572.83
lacs , Net Profit after tax-Rs. 3076.01 Lacs, EPS (Basic) - Rs. 18.10 and EPS
(Diluted) - Rs. 18.10.
By order of the Board
Place: New Delhi
Dated:22nd January, 2008
Saurabh Mittal
Joint Managing Director & CEO
GREENPLY INDUSTRIES
LIMITED
Regd.Office:Makum
Road, Tinsukia, Assam |
Segmentwise
Revenue, Results and Capital Employed |
(Rs. in lacs) |
Particulars |
Quarter
ended
on
31.12.2007
(Unaudited) |
Quarter
ended
on
31.12.2006
(Unaudited) |
Nine Months
ended on
31.12.2007
(Unaudited) |
Nine Months
ended on
31.12.2006
(Unaudited) |
Year
ended
on
31.03.2007
(Audited) |
| |
| Segment Revenue |
| a )Plywood & Allied Products |
8976.70 |
5838.78 |
24512.37 |
15711.47 |
22465.48 |
| b )Laminates & Allied Products |
7288.19 |
6091.80 |
21687.88 |
18143.57 |
24546.87 |
| Total |
16264.89 |
11930.58 |
46200.25 |
33855.04 |
47012.35 |
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| Less: Inter Segment Revenue |
263.46 |
237.22 |
1026.05 |
1022.59 |
1233.77 |
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| Gross Sales / Income From Operation |
16001.43 |
11693.36 |
45174.20 |
32832.45 |
45778.58 |
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| Segment Result |
| a) Plywood & Allied Products |
1701.18 |
1061.52 |
4793.93 |
2255.31 |
3071.05 |
| b) Laminates & Allied Products |
1311.78 |
582.15 |
3784.99 |
1897.59 |
2985.48 |
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| Total |
3012.96 |
1643.67 |
8578.92 |
4152.90 |
6056.53 |
| Less:Interest (Net) |
456.14 |
390.58 |
1374.86 |
885.16 |
1174.79 |
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Other Unallocable expenditure
net of
unallocable income |
1240.71 |
446.64 |
3183.03 |
1390.73 |
2224.85 |
| Total Profit before Tax |
1316.11 |
806.45 |
4021.03 |
1877.01 |
2656.89 |
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| Capital employed |
| a) Plywood & Allied Products |
19380.41 |
16824.49 |
19380.41 |
16824.49 |
16674.72 |
| b) Laminates & Allied Products |
9116.45 |
6329.59 |
9116.45 |
6329.59 |
7709.86 |
| Total |
28496.86 |
23154.08 |
28496.86 |
23154.08 |
24384.58 |
The above results have
been reviewed by the Audit Committee and taken on record by the Board of
Directors of thecompany at its meeting held on 22nd January,2008.
By order of the Board
Place : New Delhi
Dated: 22nd January,2008
Saurabh Mittal
Joint Managing Director & CEO |
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