|
|
|
Unaudited
Financial Results For The Quarter Ended 30.06.2009
| |
|
|
|
|
(Rs
in Lacs) |
| |
Quarter
Ended
30.06.2009
(Unaudited) |
Quarter
Ended
30.06.2008
(Unaudited) |
Half
Year
Ended
30.06.2009
(Unaudited) |
Half
Year
Ended
30.06.2008
(Unaudited) |
Year
Ended
31.12.2008
(Audited) |
| Gross
Sales |
15,547 |
17,453 |
30,921 |
33,783 |
67,475 |
| Less:
Excise & Sales Tax |
1,055 |
1,575 |
2,112 |
3,306 |
6,266 |
| Net
Sales / Income from Operations |
14,492 |
15,878 |
28,809 |
30,477 |
61,209 |
| Other
Operating Income (Refer Note C) |
206 |
312 |
362 |
488 |
868 |
| Total
Income |
14,698 |
16,190 |
29,171 |
30,965 |
62,077 |
| Expenditure |
|
|
|
|
|
| (Increase)/
Decrease In Stock In Trade |
(203) |
(1) |
(170) |
(139) |
194 |
| Consumption
of Raw & Packing Materials |
9,964 |
10,942 |
18,999 |
21,132 |
42,436 |
| Staff
Costs (Refer Note D) |
1,367 |
1,437 |
2,484 |
2,483 |
5,093 |
Depreciation
& Amortisation |
766 |
718 |
1,518 |
1,448 |
2,862 |
| Other
Expenditure |
1,653 |
1,943 |
3,443 |
3,651 |
7,249 |
| Total
Expenditure |
13,547 |
15,039 |
26,274 |
28,575 |
57,834 |
| Foreign
Exchange (-)Loss/ (+) Gain
(Refer Note E) |
134 |
(592) |
34 |
(736) |
(1,320) |
| Profit
from Operations before Other Income & Interest |
1,285 |
559 |
2,931 |
1,654 |
2,923 |
| Other
Income |
26 |
46 |
74 |
86 |
152 |
| Profit
before Interest |
1,311 |
605 |
3,005 |
1,740 |
3,075 |
| Interest
(Net ) (Refer Note F) |
(58) |
32 |
5 |
(10) |
98 |
| Profit
from Ordinary Activities Before Tax |
1,369 |
573 |
3,000 |
1,750 |
2,977 |
Provision
for - Current Taxes (Refer Note G) |
297 |
214 |
800 |
476 |
960 |
|
- Deferred
Taxes |
(23) |
(56) |
(11) |
(95) |
(162) |
|
-
Fringe Benefits Tax |
11 |
16 |
23 |
28 |
50 |
| Profit
from Ordinary Activities After Tax |
1,084 |
399 |
2,188 |
1,341 |
2,129 |
| Paid
Up Share Capital - Equity Face Value Rs.2 |
1,254 |
1,254 |
1,254 |
1,254 |
1,254 |
| Reserves
(Excl. Revaluation Reserve) |
|
|
|
|
23,087 |
| Basic
& Diluted EPS (Not Annualised) (Rs.) |
1.73 |
0.64 |
3.49 |
2.14 |
3.40 |
| Public
Shareholding |
|
|
|
|
|
|
-Number of Shares |
22,641,258 |
22,734,830 |
22,641,258 |
22,734,830 |
22,734,830 |
|
-Percentage of Shareholding |
36.12% |
36.27% |
36.12% |
36.27% |
36.27% |
| Promoters
& Promoter Group Shareholding |
|
|
|
|
|
| a.
Pledged / Encumbered -Number of Shares |
Nil |
NA |
Nil |
NA |
NA |
| -Percentage
of Shares ( as a % of the total shareholding of the promoter |
|
|
|
|
|
| &
promoter group) |
Nil |
NA |
Nil |
NA |
NA |
| -Percentage
of Shares ( as a % of the total share capital of the company) |
Nil |
NA |
Nil |
NA |
NA |
| b.Non-Encumbered
-Number of Shares |
40,045,932 |
NA |
40,045,932 |
NA |
NA |
| -Percentage
of Shares ( as a % of the total shareholding of the promoter |
|
|
|
|
|
| &
promoter group) |
100.00% |
NA |
100.00% |
NA |
NA |
| -Percentage
of Shares ( as a % of the total share capital of the company) |
63.88% |
NA |
63.88% |
NA |
NA |
|
|
|
|
|
|
|
| Notes: |
|
|
|
|
|
| A. |
Inter
Unit Sales (not included in Net Sales & Raw Materials Consumed
above) |
1,054 |
1,362 |
2,078 |
2,587 |
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 Q2-2008 & H1-2008 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. |
Other
Operating Income for Q2-2009 includes profit on sale of machinery
of Rs.66 Lacs. Other Operating Income for Q2-2008 includes
profit of Rs.137 Lacs realised on the sale of right to receive
transferrable development rights to which Company was entitled
on transfer of a portion of Thane Plant vacant land which
was compulsorily acquired by Thane Municipal Corporation. |
| D. |
The
Personnel Expenses for Q2-2008 include a onetime charge of
Rs.130 lacs towards settlement compensation paid to employees
of Nagpur Unit. |
| E. |
Forex
losses for Q2-2008 & H1-2008 include loss of Rs.406 Lacs
& Rs.522 lacs respectively for mark to market valuation
of forex contracts entered into to hedge the forecast transactions. |
| F. |
Interest
Expense for Q2-2009 & H1-2009 is net of Rs.67 lacs &
Q2-2008 & H1-2008 is net of Rs.28 Lacs & Rs.145 Lacs
respectively being interest income received on Income Tax
Refunds. |
| G. |
Provision
for current taxes for Q2-2009 & H1-2009 is net of Rs.73
lacs & H1-2008 is net of Rs.62 Lacs respectively being
write back of excess provision for earlier periods. |
| H. |
Reconstruction
of Thane Plant & relocation of operations have been almost
completed & reconstructed facility is operational. |
| I. |
There
were no investor complaints pending at the beginning &
at the end of the quarter. No Investor complaint was received
during the quarter. |
| J. |
The
above results were reviewed by the audit committee & taken
on record by the board at it's meeting held on 29th July 2009.
|
K. |
The
above results have been subjected to limited review by statutory
auditors. |
| Mumbai |
|
| 29th
July, 2009 |
For The Paper Products Ltd. |
| (Visit
us at our website: www.pplpack.com) |
Suresh
Gupta - Managing Director |
|
