|
|
|
Unaudited
Financial Results for the Quarter Ended 31.03.2006
| |
|
|
|
|
(Rs
in Lacs) |
| |
|
|
Quarter
Ended
31.03.2006
(Unaudited) |
Quarter
Ended
31.03.2005
(Unaudited) |
Year
Ended
31.12.2005
(Audited) |
| Gross
Sales |
|
|
13,449 |
11,592 |
49,841 |
| Less:
Excise & Sales Tax |
|
|
1,842 |
1,484 |
6,555 |
| Net
Sales / Income from Operations |
|
|
11,607 |
10,108 |
43,286 |
| Other
Income |
|
|
356 |
328 |
949 |
| Total
Expenditure |
|
|
10,263 |
8,971 |
37,818 |
| (Increase)/
Decrease In Stock In Trade |
|
|
(81) |
(108) |
(306) |
| Consumption
of Raw & Packing Materials |
|
|
8,035 |
7,285 |
30,055 |
| Staff
Costs |
|
|
857 |
730 |
3,214 |
| Other
Expenditure |
|
|
1,452 |
1,064 |
4,855 |
| Interest
(Net) |
|
|
14 |
11 |
54 |
| Gross
Profit |
|
|
1,686 |
1,454 |
6,363 |
| Depreciation
& Amortisation |
|
|
581 |
625 |
2,494 |
| Profit
Before Tax & Extraordinary Items |
|
|
1,105 |
829 |
3,869 |
| Extraordinary
Items |
|
|
- |
- |
80 |
| Profit
Before Tax & After Extraordinary Items |
|
|
1,105 |
829 |
3,789 |
| Provision
For - Current Taxes |
|
|
404 |
236 |
1,285 |
|
- Fringe Benefits Tax |
|
|
13 |
- |
34 |
|
-
Deferred Taxes |
|
|
(97) |
(37) |
(297) |
| Profit
After Tax |
|
|
785 |
630 |
2,767 |
| Dividend
recommended per Equity Share (Rs.) |
|
|
|
|
7.00 |
| Paid
Up Share Capital - Equity Face Value Rs.10 |
|
|
1,254 |
1,254 |
1,254 |
| Reserves
(Excl. Revaluation Reserve) |
|
|
|
|
18,130 |
| Basic
& Diluted EPS including Extraordinary Items (Not Annualised)
(Rs.) |
|
|
6.26 |
5.03 |
22.07 |
| Basic
& Diluted EPS excluding Extraordinary Items (Not Annualised)
(Rs.) |
|
|
6.26 |
5.03 |
22.71 |
| Aggregate
of Non-Promoter Shareholding |
|
|
|
|
|
| -
Number of Shares |
|
|
4,546,916 |
4,546,916 |
4,546,916 |
| -
Percentage of Shareholding |
|
|
36.27% |
36.27% |
36.27% |
|
|
|
|
|
|
|
| Notes: |
|
|
|
|
|
| A. |
Inter
Unit Sales (Incl. in Net Sales
above) |
|
|
854 |
878 |
3,457 |
| |
The
auditors have carried out a limited review of the financial
results for the quarter ended 31st March 2006 as per clause
41 of the Listing Agreement with the Stock Exchange. Auditors
have qualified their opinion on the results for the quarter
ended 31st March 2006 (as in the prior periods) for inclusion
of inter unit sales in net sales & raw materials consumed.
The management has continued with this practice as in its
view this treatment helps in correctly evaluating the operating
profit ratio and the asset turnover ratio. Further this treatment
has no impact on profits for the quarter or reserves. |
| B. |
There
were no investor complaints pending at the beginning of the
quarter. Two investor complaints were received & resolved
during the quarter. No complaints were pending at the end
of the quarter. |
| C. |
The
Company's sole business segment is consumer packaging & all
activities of the company are incidental to this business
segment. |
D. |
The
commissioner has passed an order on 22nd September 2004 raising
an excise duty demand of Rs. 320 Lacs CESTAT vide it's order
dated 15th July 2005, received by the company in August 2005,
has upheld the order passed by the commissioner, however,
an appeal against CESTAT's order has been preferred before
the Supreme Court & stay obtained. An appeal against a
demand of Rs.53 Lacs on similar matter is pending before the
Supreme Court. Consistent with the previous stand & based
on the opinion of legal counsel, no provision is made in the
financial statements. |
| E. |
Work
on North India greenfield project is progressing as per schedule. |
| F. |
Detailed
claim assessment process is going on in respect of impact
to Thane plant due to floods caused by incessant heavy rains
at Thane & Mumbai on 26th July 2005. Required provision
has been made. |
| G. |
The
above results were reviewed by the audit committee & taken
on record by the board in it's meeting held on 28th April 2006. |
| Mumbai |
For The Paper Products Ltd. |
| 28th
April, 2006 |
(Visit
us at our website: www.pplpack.com) Suresh
Gupta - Managing Director |
|
