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GREENPLY INDUSTRIES LIMITED
Regd.Office : Makum Road, Tinsukia, Assam
Un-audited Financial Results (Provisional) for the quarter ended 31st December, 2009
(Rs. in lacs)  
Sl. No.
Particulars
Quarter ended
Nine months ended
Year ended
   
31.12.2009
31.12.2008
31.12.2009
31.12.2008
31.03.2009
   
(Unaudited)
(Unaudited)
(Unaudited)
(Unaudited)
(Audited)
1
(a) Net Sales/Income from Operations
          
 
Gross Sales
 24550.18 20405.84 68730.04 63819.79 82952.80
 
Less: Excise Duty on Sales
 951.71 883.74 2565.32 3095.69 3962.31
 
Less: VAT / Sales Tax & Turnover Tax
 1746.57 1582.75 4807.84 4943.55 6504.40
 
Net Sales/Income from Operations
 21851.90 17939.35 61356.88 55780.55 72486.09
 
(b) Other Operating Income
 39.44 99.51 70.82 168.04 215.77
2
Expenditure
          
 
a) (increase)/decrease in stock in trade & Work in progress
 (671.99) (14.54) (403.47) (1118.69) (957.18)
 
b) Consumption of Raw materials
 12526.60 9200.69 33874.85 30590.69 40855.78
 
c) Purchase of Traded Goods
 1372.79 1489.94 2069.63 4322.35 3162.35
 
d) Employees Cost
 1993.49 1420.47 5564.86 4110.48 5926.08
 
e) Depreciation
 542.94 413.14 1576.70 1187.11 1704.80
 
f) Administrative & Selling Expenses
 2827.63 2239.04 9029.85 7412.54 10261.28
 
g) Exchange Fluctuation Loss / (Gain)
 (382.30) 463.16 (442.00) 1398.84 1600.05
 
h) Other Expenditure
 1406.54 960.25 3941.14 2879.96 3751.24
 
Total Expenditure
 19615.70 16172.15 55211.56 50783.28 66304.40
3
Profit from Operations before Other Income, Interest and Exceptional Items
 2275.64 1866.71 6216.14 5165.31 6397.46
4
Other Income
 9.84 0.12 9.99 0.12 0.12
5
Profit before Interest and Exceptional Items
 2285.48 1866.83 6226.13 5165.43 6397.58
6
Interest
 612.31 593.20 1812.12 1608.64 1963.07
7
Profit after Interest but before Exceptional Items
 1673.17 1273.63 4414.01 3556.79 4434.51
8
Exceptional Items
 - - - - -
9
Profit (+)/ Loss (-) from Ordinary Activities before tax
 1673.17 1273.63 4414.01 3556.79 4434.51
10
Tax Expenses
          
 
for Current
 (284.51) (191.05) (750.17) (450.05) (500.00)
 
for Deferred
 (48.64) (19.84) (265.56) (65.02) (28.44)
 
for Fringe Benefits Tax
 - (20.00) - (49.00) (66.12)
 
for MAT Credit
 159.93 (10.67) 338.10 (120.45) (108.98)
 
for Earlier Year
 (107.32) - (107.32) - (0.35)
11
Net Profit(+)/Loss(-) from ordinary activities after tax
 1392.63 1032.07 3629.06 2872.27 3730.62
12
Extraordinary items(net of tax expenses)
 - - - - -
13
Net Profit (+)/Loss(-) for the period
 1392.63 1032.07 3629.06 2872.27 3730.62
14
Paid Up Equity Share Capital (Face value Rs.5/- per share)
 1104.83 849.87 1104.83 849.87 849.87
15
Reserves excluding Revaluation Reserves
 - - - - 17141.75
16
a) Basic & Diluted EPS (Rs.) before Extraordinary items:
          
 
Basic
 6.55* 6.07* 19.70* 16.90* 21.95
 
Diluted
 6.06* 6.07* 19.10* 16.90* 21.95
 
b) Basic & Diluted EPS (Rs.) after Extraordinary items:
          
 
Basic
 6.55* 6.07* 19.70* 16.90* 21.95
 
Diluted
 6.06* 6.07* 19.10* 16.90* 21.95
17
Public Shareholding
          
 
Number of Shares
 9943641 7662800 9943641 7662800 7662800
 
Percentage of Shareholding
 45.00 45.08 45.00 45.08 45.08
18
Promoters and promoter group Shareholding
          
 
a) Pledged/Encumbered
          
 
-Number of Shares
 Nil Nil Nil Nil Nil
 
-Percentage of shares (as a % of the total shareholding of promoter and promoter group)
 Nil Nil Nil Nil Nil
 
-Percentage of shares (as a% of the total share capital of the company)
 Nil Nil Nil Nil Nil
 
b) Non-encumbered
          
 
-Number of Shares
 12153039 9334646 12153039 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
 
-Percentage of shares (as a % of the total share capital of the company)
 55.00 54.92 55.00 54.92 54.92
 
* 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 28th January, 2010.
  2. The previous periods figures have been regrouped and reclassified wherever necessary.
  3. 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. The results for the quarter and nine months ended 31.12.2008 did not include the figures of the amalgamating companies and hence are not comparable with the results for the quarter and nine months ended 31.12.2009.
  4. The status of investor complaints for the quarter ended 31st December, 2009:Complaints pending at the beginning of the quarter - Nil; received during the quarter :5; disposal of complaints:5; and Complaints lying un-resolved at the end of the quarter - Nil
  5. 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 2nd Press with effect from 18.12.2009 out of a total of three Presses to be installed at the said Unit. Progress on the remaining part is on schedule.
  6. The Company is setting-up a MDF manufacturing line at IIE, Pantnagar, Uttarakhand and civil construction work is nearing completion. Consignment of machineries have started arriving at the site and are in the process of erection.
  7. Pursuant to the Letter of Offer dated September 14, 2009 and in accordance with the basis of allotment approved by the National Stock Exchange of India Limited (Designated Stock Exchange), the Right Issue Committee of the Board of Directors at their meeting held on 16th October, 2009 has issued and allotted on rights basis 50,99,234 equity shares of Rs. 5/- each at a premium of Rs. 85/- per equity share for an amount aggregating to Rs. 4,589.31 lacs and 20,39,694 Detachable Warrants. Accordingly the paid-up equity share capital of the Company has been increased from Rs. 849.87 lacs to Rs. 1104.83 lacs.
  8. Details of the utilizations of Rights Issue proceeds are as under.

    Particulars
    Amount (Rs. in lacs)
    MDF Project
    		 3078.76
    Laminate Project
    		 1200.15
    General Corporate Purposes
    		 -
    Issue Expenses
    		 123.95
    Total
    4402.86

By order of the Board
Rajesh Mittal
Managing Director

Place: Kolkata
Dated: 28th January, 2010
GREENPLY INDUSTRIES LIMITED
Regd.Office : Makum Road, Tinsukia, Assam
Segmentwise Revenue, Results and Capital Employed
(Rs. in lacs)  
Particulars
Quarter ended
Nine months ended
Year ended
  31.12.2009 31.12.2008 31.12.2009 31.12.2008 31.03.2009
  (Unaudited) (Unaudited) (Unaudited) (Unaudited) (Audited)
Segment Revenue
          
a) Plywood & Allied Products
 14467.68 12172.55 40191.31 37150.01 48169.05
b) Laminates & Allied Products
 10128.93 8320.32 28604.31 26825.35 34986.95
c) Unallocated
 3.00 12.60 15.23 12.60 12.69
Total
 24599.61 20505.47 68810.85 63987.96 83168.69
           
Less: Inter Segment Revenue
 443.10 242.64 1110.24 815.67 1477.23
Gross Sales/Income from Operation
 24156.51 20262.83 67700.61 63172.29 81691.46
           
Segment Result
          
a) Plywood & Allied Products
 2498.90 2082.71 7070.47 5557.81 7186.80
b) Laminates & Allied products
 1780.59 1381.11 5055.33 4315.01 5821.19
Total
 4279.49 3463.82 12125.80 9872.82 13007.99
           
Less: (i) Interest( Net)
 612.31 593.20 1812.12 1608.64 1963.07
(ii) Other Unallocable expenditure net of unallocable Income
 1994.01 1596.99 5899.67 4707.39 6610.41
Total Profit before Tax
 1673.17 1273.63 4414.01 3556.79 4434.51
           
Capital employed
          
a) Plywood & Allied Products
 41758.57 23696.16 41758.57 23696.16 25753.07
b) Laminates & Allied Products
 20136.19 13292.00 20136.19 13292.00 15878.26
c) Unallocated
 2064.38 3300.79 2064.38 3300.79 3507.02
Total
 63959.14 40288.95 63959.14 40288.95 45138.35

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 28th January, 2010.

By order of the Board
Rajesh Mittal
Managing Director

Place: Kolkata
Dated : 28th January, 2010

 
 
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