|
|
|
Unaudited
Financial Results for the Quarter Ended 31.03.2008
| |
|
|
|
|
(Rs
in Lacs) |
| |
|
|
Quarter
Ended
31.03.2008
(Unaudited) |
Quarter
Ended
31.03.2007
(Unaudited) |
Year
Ended
31.12.2007
(Audited) |
| Gross
Sales |
|
|
17,589 |
14,947 |
64,327 |
| Less:
Excise & Sales Tax |
|
|
1,765 |
1,922 |
7,268 |
| Net
Sales / Income from Operations |
|
|
15,824 |
13,025 |
57,059 |
| Other
Income (Refer Note D) |
|
|
72 |
238 |
1,170 |
| Total
Income |
|
|
15,896 |
13,263 |
58,229 |
| Expenditure |
|
|
|
|
|
| (Increase)/
Decrease In Stock In Trade |
|
|
(138) |
(236) |
(752) |
| Consumption
of Raw & Packing Materials |
|
|
11,415 |
9,403 |
41,333 |
| Staff
Costs |
|
|
1,046 |
958 |
4,394 |
Depreciation
& Amortisation |
|
|
730 |
668 |
2,886 |
| Other
Expenditure |
|
|
1,707 |
1,510 |
6,499 |
| Total
Expenditure |
|
|
14,760 |
12,303 |
54,360 |
| Interest
(Net) (Refer Note E) |
|
|
(42) |
25 |
173 |
| Profit
Before Exceptional Items |
|
|
1,178 |
935 |
3,696 |
Exceptional
Items (+Income/ (-) Loss) |
|
|
- |
- |
(318) |
Profit
from Ordinary Activities Before Tax |
|
|
1,178 |
935 |
3,378 |
| Provision
for - Current Taxes (Refer Note F) |
|
|
262 |
86 |
482 |
|
- Deferred Taxes |
|
|
(39) |
62 |
12 |
|
-
Fringe Benefits Tax |
|
|
13 |
13 |
47 |
| Profit
from Ordinary Activities After Tax |
|
|
942 |
774 |
2,837 |
| Dividend
recommended/ paid per Equity Share (Rs.) |
|
|
|
|
1.80 |
| Paid
Up Share Capital - Equity Face Value Rs.2 |
|
|
1,254 |
1,254 |
1,254 |
| Reserves
(Excl. Revaluation Reserve) |
|
|
|
|
22,279 |
| Basic
& Diluted EPS including Exceptional Items (Not Annualised) (Rs.) |
|
|
1.50 |
1.23 |
4.53 |
| Basic
& Diluted EPS excluding Exceptional Items (Not Annualised) (Rs.) |
|
|
1.50 |
1.23 |
4.89 |
| Aggregate
of Public Shareholding |
|
|
|
|
|
| -
Number of Shares |
|
|
22,734,830 |
22,734,830 |
22,734,830 |
| -
Percentage of Shareholding |
|
|
36.27% |
36.27% |
36.27% |
|
|
|
|
|
|
|
| Notes: |
|
|
|
|
|
| A. |
Inter
Unit Sales (Incl. in Net Sales & Raw Materials Consumed
above) |
|
|
1,225 |
921 |
3,853 |
|
Auditors
have qualified their opinion on the results for the quarter
ended 31st March 2008 (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 & the asset turnover ratio. Further this
treatment has no impact on profits for the quarter. |
| B. |
There
were no investor complaints pending at the beginning &
at the end of the quarter. No investor complaint was received
during the quarter. |
| C. |
The
company's sole business segment is consumer packaging & all
activities of the company are incidental to this business
segment. |
D. |
A
book loss of Rs.116 Lacs has been taken in Q1 2008, for mark
to market valuation of forex contracts which have been entered
into to hedge the forecast transactions, consequent to the
ICAI announcement of 29th March 2008 on Accounting for Derivatives.
Accordingly other income for Q1-2008 is lower to that extent. |
| E. |
Interest
Expense is net of Interest Income of Rs.117 Lacs received
during Q1-2008 on Income Tax Refunds. |
| F. |
Provision
for current taxes for Q1-2008 is net of write back of excess
provision for earlier periods of Rs.62 Lacs on finalisation
of assessment. |
| G. |
Reconstruction
of Thane Plant is on going & relocation of operations
in a phased manner is scheduled to commence from mid 2008. |
H. |
The
above results were reviewed by the audit committee & taken
on record by the board in it's meeting held on 23rd April
2008. |
| Mumbai |
|
| 23rd
April, 2008 |
For The Paper Products Ltd. |
| (Visit
us at our website: www.pplpack.com) |
Suresh
Gupta - Managing Director |
|
