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GREENPLY INDUSTRIES LIMITED
Regd. Office: Makum Road, Tinsukia, Assam
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2009
(Rs. in lacs)
Sl. No. Particulars STANDALONE FINANCIALS CONSOLIDATED FINANCIALS
Quarter ended 31.03.2009 (Unaudited) Quarter ended 31.03.2008 (Unaudited) Year
ended 31.03.2009 (Audited)		 Year
ended 31.03.2008 (Audited)		 Year
ended 31.03.2009 (Audited)		 Year
ended 31.03.2008 (Audited)
1 (a) Net Sales/Income from Operations






Gross Sales 19133.01 17387.22 82952.80 63185.84 87782.71 67927.73

Less: Excise Duty on Sales 866.62 949.03 3962.31 3942.78 3962.31 3988.36

Less: VAT / Sales Tax & Turnover Tax 1560.85 1341.25 6504.40 5063.61 6504.40 5097.34

Net Sales/Income from Operations 16705.54 15096.94 72486.09 54179.45 77316.00 58842.03

(b) Other Operating Income 47.73 22.24 215.77 81.28 216.17 92.34
2 Expenditure






a) (increase)/decrease in stock in trade & Work in progress 161.51 (991.75) (957.18) (1621.85) (1525.60) (1820.96)

b) Consumption of Raw materials 10265.09 9221.61 40855.78 31437.03 40855.78 31843.47

c) Purchase of Traded Goods (1160.00) 661.61 3162.35 1614.43 7689.53 5444.51

d) Employees Cost 1815.60 1119.67 5926.08 3943.01 6355.46 4185.13

e) Depreciation 517.69 334.93 1704.80 1315.50 1729.10 1329.65

f) Administrative & Selling Expenses 2848.74 2316.35 10261.28 8283.52 10728.39 8464.26

g) Exchange Fluctuation Loss / (Gain) 201.21 315.25 1600.05 (53.44) 1686.73 (53.44)

h) Other Expenditure 871.28 715.14 3751.24 2523.22 3751.24 2676.80

Total Expenditure 15521.12 13692.81 66304.40 47441.42 71270.63 52069.42
3 Profit from Operations before Other Income, Interest and Exceptional Items 1232.15 1426.37 6397.46 6819.31 6261.54 6864.95
4 Other Income - 4.18 0.12 7.13 0.12 7.13
5 Profit before Interest and Exceptional Items 1232.15 1430.55 6397.58 6826.44 6261.66 6872.08
6 Interest 354.43 437.02 1963.07 1811.88 1993.71 1824.60
7 Profit after Interest but before Exceptional Items 877.72 993.53 4434.51 5014.56 4267.95 5047.48
8 Exceptional Items - - - - - -
9 Profit (+)/ Loss (-) from Ordinary Activities before tax 877.72 993.53 4434.51 5014.56 4267.95 5047.48
10 Tax Expenses






for Current (49.95) 92.07 (500.00) (566.00) (500.97) (571.24)

for Deferred 36.58 (321.35) (28.44) (648.09) (30.59) (648.09)

for Fringe Benefits Tax (17.12) (17.50) (66.12) (47.50) (66.12) (47.50)

for MAT Credit 11.47 120.45 (108.98) 120.45 (108.98) 120.45

for Earlier Year (0.35) 0.00 (0.35) - (0.44) -
11 Net Profit(+)/Loss(-) from ordinary activities after tax and before minority interest 858.35 867.20 3730.62 3873.42 3560.85 3901.10
12 Minority Interest - - - - - -
13 Net Profit(+)/Loss(-) from ordinary activities after tax and minority interest 858.35 867.20 3730.62 3873.42 3560.85 3901.10
14 Extraordinary items(net of tax expenses) - - - - - -
15 Net Profit (+)/Loss(-) for the period 858.35 867.20 3730.62 3873.42 3560.85 3901.10
16 Paid Up Equity Share Capital (Face value Rs.5/- per share) 849.87 849.87 849.87 849.87 849.87 849.87
17 Reserves excluding Revaluation Reserves - - 17141.75 13847.76 - -
18 a) Basic & Diluted EPS (Rs.) before Extraordinary items: 5.05* 4.78* 21.95 22.47 21.59 22.63

b) Basic & Diluted EPS (Rs.) after Extraordinary items: 5.05* 4.78* 21.95 22.47 21.59 22.63
19 Public Shareholding






Number of Shares 7662800 7662800 7662800 7662800 7662800 7662800

Percentage of Shareholding 45.08 45.08 45.08 45.08 45.08 45.08
20 Promoters and promoter group Shareholding






a) Pledged/Encumbered






-Number of Shares Nil Nil Nil Nil Nil Nil

-Percentage of shares (as a % of the total shareholding of promoter and promoter group) Nil Nil Nil Nil Nil Nil

-Percentage of shares (as a% of the total share capital of the company) Nil Nil Nil Nil Nil Nil

b) Non-encumbered






-Number of Shares 9334646 9334646 9334646 9334646 9334646 9334646

-Percentage of shares (as a% of the total shareholding of promoter and promoter group) 100.00 100.00 100.00 100.00 100.00 100.00

-Percentage of shares (as a % of the total share capital of the company) 54.92 54.92 54.92 54.92 54.92 54.92
*not annualised
  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 27th June, 2009.
  2. The previous periods figures have been regrouped and reclassified wherever necessary.
  3. The Board of Directors has recommended final dividend of Rs. 1.50 per share on equity shares of Rs. 5/- each subject to approval of shareholders.
  4. The status of investor complaints for the quarter ended 31st March, 2009:Complaints pending at the beginning of the quarter - Nil; received during the quarter - 1; disposal of complaints - 1 and Complaints lying un-resolved at the end of the quarter - Nil
  5. The Hon’ble High Court of Gujarat and the Hon’ble Gauhati High Court vide their orders dated 20.01.2009 and 30.04.2009 respectively approved the Scheme of Amalgamation of Galaxy Decor Private Ltd. and Platinum Veneers Pvt. Ltd. with the Company with effect from the appointed date i.e. 01.04.2008. Accordingly, the results for the quarter and year ended on 31.03.2009 includes the amalgamated figures.
  6. The consolidated financials for the year ended 31.03.2009 comprise the financial results of Greenply Industries Limited and its wholly owned subsidiaries. The consolidated financials comprise the financial results of Greenlam Asia Pacific Pte. Ltd. for the financial year from 01.04.2008 to 31.03.2009 and also financial results of Greenlam America, Inc. from 23.04.2008 (date of incorporation) to 31.03.2009.
  7. The consolidated financial results for the year ended on 31.03.2008 comprise the financial results of Greenply Industries Limited and its wholly owned subsidiaries. The consolidated financials comprise the financial results of Galaxy Décor Pvt. Ltd. and Platinum Veneers Pvt. Ltd from 1st November, 2007 (date of acquisition) to 31st March, 2008 and also the financial results of the Greenlam Asia Pacific Pte. Ltd. for the financial year from 01.04.2007 to 31.03.2008.
  8. The Company is setting-up a MDF manufacturing line at IIE, Pantnagar, Uttarakhand and civil construction work is near completion. Consignment of machineries have started arriving at the site and are being ereced.
  9. The Company's new Laminate unit situated at Village: Paterh Bhonku, P.O.: Panjera, Tehsil: Nalagarh, Dist: Solan(H.P.) has started commercial production in one Press with effect from 11.06.2009 out of a total of three Presses to be installed at the said Unit.
  10. The auditors of the company in the report for the year ended 31.03.2009 have repeated their qualified opinion regarding the accounting treatment in respect of export incentive benefits amounting to Rs.460.06 lacs. The company has been following this practise since past several years.
  11. The Company has filed with SEBI a Draft Letter of Offer relating to its proposed Right Issue of Equity Shares(including convertible warrants) upto Rs. 75 Crores on 28.04.2009 and is awaiting SEBI observations on the same.


By order of the Board
Saurabh Mittal
Joint Managing Director & CEO

Place: Kolkata
Dated : 27th June, 2009
 
GREENPLY INDUSTRIES LIMITED
Regd. Office : Makum Road, Tinsukia, Assam
Segmentwise Revenue, Results and Capital Employed
(Rs. in lacs)
Particulars STANDALONE FINANCIALS CONSOLIDATED FINANCIALS
Quarter ended 31.03.2009 (Unaudited) Quarter ended 31.03.2008 (Unaudited) Year ended 31.03.2009 (Audited) Year ended 31.03.2008 (Audited) Year ended 31.03.2009 (Audited) Year ended 31.03.2008 (Audited)
Segment Revenue





a) Plywood & Allied Products 11019.04 10177.41 48169.05 34590.65 52824.72 39282.70
b) Laminates & Allied Products 8161.60 6917.24 34986.95 28650.81 35161.59 28765.15
c) Unallocated 0.09 - 12.69 - 12.69 -
Total 19180.73 17094.65 83168.69 63241.46 87999.00 68047.85







Less: Inter Segment Revenue 661.56 274.53 1477.23 1300.58 1521.35 1668.78
Gross Sales/income From Operation 18519.17 16820.12 81691.46 61966.54 86477.65 66379.07







Segment Result





a) Plywood & Allied Products 1628.99 2044.66 7186.80 6838.59 7460.29 7125.27
b) Laminates & Allied products 1506.18 1748.81 5821.19 5533.80 6121.94 5729.75
Total 3135.17 3793.47 13007.99 12372.39 13582.23 12855.02







Less: Interest( Net) 354.43 437.02 1963.07 1811.88 1993.71 1824.60
Other Unallocable expenditure net of unallocable Income 1903.02 2362.92 6610.41 5545.95 7320.57 5982.94
Total Profit before Tax 877.72 993.53 4434.51 5014.56 4267.95 5047.48







Capital employed





a) Plywood & Allied Products 25753.07 20346.01 25753.07 20346.01 25753.10 20346.01
b) Laminates & Allied Products 15878.26 9789.54 15878.26 9789.54 16262.71 10208.22
c) Unallocated 3507.02 3008.83 3507.02 3008.83 3507.01 3009.64
Total 45138.35 33144.38 45138.35 33144.38 45522.82 33563.87
Note: 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 27th June,2009.

By order of the Board
Saurabh Mittal
Joint Managing Director & CEO

Place: Kolkata
Dated : 27th June, 2009
 
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