The
Paper Products Ltd |
Regd.
Office: Regent Chambers, 13th floor, Nariman Point, Mumbai 400 021 |
Corporate
Office: L.B.Shastri Marg, Majiwade, Thane 400 601. |
| Unaudited Financial Results For The Quarter Ended 31.03.2009 |
| (Rs
in Lacs) |
|||||
| Quarter Ended 31.03.2009 (Unaudited) |
Quarter Ended 31.03.2008 (Unaudited) |
Year Ended 31.12.2008 (Audited) |
|||
| Gross Sales | 15,374 |
16,330 |
67,475 |
||
| Less: Excise & Sales Tax | 1,057 |
1,731 |
6,266 |
||
| Net Sales / Income from Operations | 14,317 |
14,599 |
61,209 |
||
| Other Operating Income | 156 |
176 |
868 |
||
| Total Income | 14,473 |
14,775 |
62,077 |
||
| Expenditure | |||||
| (Increase)/ Decrease In Stock In Trade | 33 |
(138) |
194 |
||
| Consumption of Raw & Packing Materials | 9,035 |
10,190 |
42,436 |
||
| Staff Costs | 1,117 |
1,046 |
5,093 |
||
| Depreciation
& Amortisation |
752 |
730 |
2,862 |
||
| Other Expenditure | 1,790 |
1,708 |
7,249 |
||
| Total Expenditure |
12,727 |
13,536 |
57,834 |
||
| Foreign Exchange (-)Loss/ (+) Gain | (100) |
(143) |
(1,320) |
||
| Profit from Operations before Other Income & Interest | 1,646 |
1,096 |
2,923 |
||
| Other Income | 48 |
40 |
152 |
||
| Profit before Interest | 1,694 |
1,136 |
3,075 |
||
| Interest (Net ) (Refer Note C) |
63 |
(42) |
98 |
||
| Profit from Ordinary Activities Before Tax | 1,631 |
1,178 |
2,977 |
||
| Provision
for - Current Taxes (Refer Note D) |
503 |
262 |
960 |
||
| - Deferred Taxes | 12 |
(39) |
(162) |
||
| - Fringe Benefits Tax | 12 |
13 |
50 |
||
| Profit from Ordinary Activities After Tax | 1,104 |
942 |
2,129 |
||
| 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) | 23,087 |
||||
| Basic & Diluted EPS (Not Annualised) (Rs.) |
1.76 |
1.50 |
3.40 |
||
| Public Shareholding | |||||
| -Number of Shares |
22,641,258 |
22,734,830 |
22,734,830 |
||
| -Percentage of Shareholding |
36.12% |
36.27% |
36.27% |
||
| Promoters & Promoter Group Shareholding | |||||
| a. Pledged / Encumbered | |||||
| -Number of Shares | Nil | NA | NA | ||
| -Percentage of Shares ( as a % of the total shareholding of the promoter | Nil | NA | NA | ||
| & promoter group) | |||||
| -Percentage of Shares ( as a % of the total share capital of the company) | Nil | NA | NA | ||
| b.Non-Encumbered | |||||
| -Number of Shares | 40,045,932 | NA | NA | ||
| -Percentage of Shares ( as a % of the total shareholding of the promoter | 100.00% | NA | NA | ||
| & promoter group) | |||||
| -Percentage of Shares ( as a % of the total share capital of the company) | 63.88% | NA | NA | ||
| |
|||||
| Notes: | |||||
| A. | Inter Unit Sales (not included in Net Sales & Raw Materials Consumed above) | 1,024 |
1,225 |
5,210 |
| In
accordance with AS 9 - Revenue Recognition, Inter Unit transfers have
not been included in Net Sales from year ended Y2008 and onwards. Figures
for Q1 2008 have been accordingly recast / regrouped. |
|
| B. | The company's sole business segment is consumer packaging & all activities of the company are incidental to this business segment. |
| C. | Interest
Expense for Q1-2008 is net of Interest Income of Rs.117 lacs received
on Income Tax Refunds. |
| D. | Provision
for current taxes for Q1-2008 is net of write back of excess provision
of earlier periods of Rs.62 Lacs. |
| E. | Reconstruction of Thane Plant is on going & relocation of operations in a phased manner is in progress & facility is partly operational. |
| F. | There
were no investor complaints pending at the beginning & at the end
of the quarter. No Investor complaint was received during the quarter. |
| G. | The
above results were reviewed by the audit committee & taken on record
by the board at it's meeting held on 28th April 2009. |
H. |
The
above results have been subjected to limited review by staturoty auditors.
|
| Mumbai |
For The Paper Products Ltd. |
| 28th April, 2009 | (Visit
us at our website: www.pplpack.com) Suresh
Gupta - Managing Director |