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GREENPLY INDUSTRIES LIMITED
Regd. Office: Makum Road, Tinsukia, Assam
AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2010
(Rs. in lacs)
Sl. No. Particulars STANDALONE FINANCIALS CONSOLIDATED FINANCIALS
Quarter ended 31.03.2010 (Unaudited) Quarter ended 31.03.2009 (Unaudited) Year
ended 31.03.2010 (Audited)		 Year
ended 31.03.2009 (Audited)		 Year
ended 31.03.2010 (Audited)		 Year
ended 31.03.2009 (Audited)
1 (a) Net Sales/Income from Operations            
  Gross Sales 29238.22 19133.01 97968.26 82952.80 100729.30 87782.71
  Less: Excise Duty on Sales 1155.54 866.62 3720.86 3962.31 3720.86 3962.31
  Less: VAT / Sales Tax & Turnover Tax 2298.19 1560.85 7106.03 6504.40 7106.03 6504.40
  Net Sales/Income from Operations 25784.49 16705.54 87141.37 72486.09 89902.41 77316.00
  (b) Other Operating Income 113.53 47.73 184.35 215.77 242.22 216.17
2 Expenditure            
  a) (increase)/decrease in stock in trade & Work in progress 677.94 161.51 274.47 (957.18) (83.17) (1525.60)
  b) Consumption of Raw materials 13973.67 10265.09 47848.52 40855.78 47848.52 40855.78
  c) Purchase of Traded Goods 1614.65 (1160.00) 3684.28 3162.35 5388.48 7689.53
  d) Employees Cost 2115.59 1815.60 7680.45 5926.08 8271.56 6355.46
  e) Depreciation 625.78 517.69 2202.48 1704.80 2236.74 1729.10
  f) Administrative & Selling Expenses 4080.70 2848.74 13110.55 10261.28 14860.21 10728.39
  g) Loss/(Gain) due to fluctuation in Foreign Exchange Rates (276.06) 201.21 (718.06) 1600.05 (767.63) 1686.73
  h) Other Expenditure 1245.35 871.28 5186.49 3751.24 5186.49 3751.24
  Total Expenditure 24057.62 15521.12 79269.18 66304.40 82941.20 71270.63
3 Profit from Operations before Other Income, Interest and Exceptional Items 1840.40 1232.15 8056.54 6397.46 7203.43 6261.54
4 Other Income 0.32 0.00 10.31 0.12 10.31 0.12
5 Profit before Interest and Exceptional Items 1840.72 1232.15 8066.85 6397.58 7213.74 6261.66
6 Interest 556.61 354.43 2368.73 1963.07 2401.54 1993.71
7 Profit after Interest but before Exceptional Items 1284.11 877.72 5698.12 4434.51 4812.20 4267.95
8 Exceptional Items            
9 Profit (+)/ Loss (-) from Ordinary Activities before tax 1284.11 877.72 5698.12 4434.51 4812.20 4267.95
10 Tax Expenses            
      for Current (219.83) (49.95) (970.00) (500.00) (970.00) (500.97)
      for Deferred (368.59) 36.58 (634.15) (28.44) (636.63) (30.59)
      for Fringe Benefits Tax   (17.12)   (66.12)   (66.12)
      for MAT Credit 631.90 11.47 970.00 (108.98) 970.00 (108.98)
      for Earlier Year   (0.35) (107.32)                (0.35) (107.32)                (0.44)
11 Net Profit(+)/Loss(-) from ordinary activities after tax and before minority interest 1327.59 858.35 4956.65 3730.62 4068.25 3560.85
12 Minority Interest            
13 Net Profit(+)/Loss(-) from ordinary activities after tax and minority interest 1327.59 858.35 4956.65 3730.62 4068.25 3560.85
14 Extraordinary items(net of tax expenses)            
15 Net Profit (+)/Loss(-) for the period 1327.59 858.35 4956.65 3730.62 4068.25 3560.85
16 Paid Up Equity Share Capital (Face value Rs.5/- per share) 1104.83 849.87 1104.83 849.87 1104.83 849.87
17 Reserves excluding Revaluation Reserves     25946.08 17141.75 24975.14 16950.36
18 a)  Basic EPS (Rs.) before and after extraordinary items: 6.01* 5.05* 25.64 21.95 21.05 21.59
  b) Diluted EPS (Rs.) before and after extraordinary items: 5.50* 5.05* 24.46 21.95 20.08 21.59
19 Public Shareholding            
  Number of Shares 9943641 7662800 9943641 7662800 9943641 7662800
  Percentage of Shareholding 45.00 45.08 45.00 45.08 45.00 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 12153039 9334646 12153039 9334646 12153039 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) 55.00 54.92 55.00 54.92 55.00 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 their respective meetings held on 27th May, 2010.
  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, 2010:Complaints pending at the beginning of the quarter - Nil; received during the quarter - Nil; disposed off during the quarter - N.A. and Complaints lying un-resolved at the end of the quarter - Nil
  5. The consolidated financial results for the year ended 31.03.2010 comprise the financial results of Greenply Industries Limited and its wholly owned subsidiaries viz. Greenlam Asia Pacific Pte. Ltd. and Greenlam America, Inc. for the year ended 31.03.2010.
  6. The MDF Unit of the Company situated at IIE, Pantnagar, Uttarakhand has commenced commercial production with effect from 31st March, 2010.
  7. The Company's new Laminate unit situated at Village: Paterh Bhonku, P.O.: Panjera, Tehsil: Nalagarh, Dist: Solan(H.P.) has commenced commercial production in all four Presses during the year under review.
  8. The auditors of the company in the report for the year ended 31.03.2010 have repeated their qualified opinion regarding the accounting treatment in respect of export incentive benefits amounting to Rs.833.93 lacs. The company has been following this practise since past several years.
  9. During the financial year ended 31.03.2010, the company issued and allotted on rights basis 50,99,234 equity shares of Rs.5/-each at a premium of Rs. 85/- per share aggregating to Rs. 4589.31 lacs and 20,39,694 detachable warrants. The proceeds of the rights issue have been utilised for the purposes mentioned in the Letter of Offer. Details of the utilizations of Rights Issue proceeds are as under.
Particulars Amount(Rs./lacs)
MDF Project 3078.93
Laminate Project 1395.34
Issue Expenses 125.20
Total 4599.47


By order of the Board
Rajesh Mittal
Managing Director

Place: Kolkata
Dated : 27th June, 2010
 
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 31.03.2010 (Unaudited) Quarter ended 31.03.2009 (Unaudited) Year ended 31.03.2010 (Audited) Year ended 31.03.2009 (Audited) Year ended 31.03.2010 (Audited) Year ended 31.03.2009 (Audited)
Segment Revenue





  a) Plywood & Allied Products 17656.98 11019.04 57848.29 48169.05 60160.56 52824.72
  b) Laminates & Allied Products 11691.73 8161.60 40296.04 34986.95 40802.68 35161.59
  c) Unallocated  3.36 0.09 18.59 12.69 18.59 12.69
Total 29352.07 19180.73 98162.92 83168.69 100981.83 87999.00
             
Less: Inter Segment Revenue 1442.28 661.56 2552.52 1477.23 2552.52 1521.35
Gross Sales/Income from Operation 27909.79 18519.17 95610.40 81691.46 98429.31 86477.65
Segment Result            
  a) Plywood & Allied Products 2775.50 1628.99 9845.97 7186.80 10598.67 7460.29
  b) Laminates & Allied products 1644.60 1506.18 6699.93 5821.19 6629.30 6121.94
Total 4420.10 3135.17 16545.90 13007.99 17227.97 13582.23
             
Less: Interest( Net) 556.61 354.43 2368.73 1963.07 2401.54 1993.71
Other unallocable expenditure net of unallocable Income 2579.38 1903.02 8479.05 6610.41 10014.23 7320.57
Total Profit before Tax 1284.11 877.72 5698.12 4434.51 4812.20 4267.95
Capital employed            
  a) Plywood & Allied Products 42743.48 25753.07 42743.48 25753.07 42743.48 25753.10
  b) Laminates & Allied Products 24286.93 15878.26 24286.93 15878.26 26642.88 16262.71
  c) Unallocated  2747.86 3507.02 2747.86 3507.02 2747.86 3507.01
Total 69778.27 45138.35 69778.27 45138.35 72134.22 45522.82
Note: The above results have been reviewed by the Audit Committee and taken on record by the Board of Directors of the Company at their respective meetings held on 27th May, 2010.

By order of the Board
Rajesh Mittal
Managing Director

Place: Kolkata
Dated : 27th May, 2010
 
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