|
|
|
Unaudited
Financial Results For The Quarter Ended 30.06.2010
| |
|
|
|
|
(Rs
in Lacs) |
| |
Quarter
Ended
30.06.2010
(Unaudited) |
Quarter
Ended
30.06.2009
(Unaudited) |
Half
Year
Ended
30.06.2010
(Unaudited) |
Half
Year
Ended
30.06.2009
(Unaudited) |
Year
Ended
31.12.2009
(Audited) |
| Gross
Sales |
18,791 |
15,547
|
35,973
|
30,921
|
61,796
|
| Less:
Excise & Sales Tax |
1,376 |
1,055
|
2,650
|
2,112
|
4,027
|
| Net
Sales / Income from Operations |
17,415
|
14,492
|
33,323
|
28,809
|
57,769
|
| Other
Operating Income (Refer Note B) |
197
|
206
|
360
|
362
|
657
|
| Total
Income |
17,612
|
14,698
|
33,683
|
29,171
|
58,426
|
| Expenditure |
|
|
|
|
|
| (Increase)/
Decrease In Stock In Trade & Work in Progress |
(320)
|
(203)
|
(806)
|
(170) |
(277)
|
| Consumption
of Raw & Packing Materials |
12,591
|
9,964
|
23,952
|
18,999
|
38,531
|
| Staff
Costs |
1,572
|
1,367
|
2,890
|
2,484
|
4,933
|
Depreciation
& Amortisation |
816
|
766
|
1,633
|
1,518
|
3,115
|
| Other
Expenditure |
2,132
|
1,653
|
4,132
|
3,443
|
7,461
|
| Total
Expenditure |
16,791
|
13,547
|
31,801
|
26,274
|
53,763
|
| Foreign
Exchange (-)Loss/ (+) Gain |
(4)
|
134
|
127
|
34
|
154
|
| Profit
from Operations before Other Income, Interest & Exceptional
items |
817
|
1,285
|
2,009
|
2,931
|
4,817
|
| Other
Income |
33
|
26 |
68
|
74
|
133 |
| Profit
before Interest and Exceptional items |
850
|
1,311
|
2,077
|
3,005
|
4,950
|
| Interest
(Net) (Refer Note C) |
8
|
(58)
|
20
|
5
|
(7)
|
| Profit
after Interest but before Exceptional items |
842
|
1,369
|
2,057 |
3,000
|
4,957
|
| Exceptional
Income - (Net) ( Refer note D) |
- |
- |
1,398 |
- |
- |
| Profit
from Ordinary Activities Before Tax |
842
|
1,369
|
3,455
|
3,000
|
4,957
|
Provision
for - Current Taxes (Refer Note E) |
215
|
297
|
855
|
800
|
1,219
|
|
- Deferred
Taxes |
(43) |
(23) |
(70)
|
(11)
|
(12)
|
|
-
Fringe Benefits Tax |
-
|
11
|
-
|
23
|
12
|
| Net
Profit from Ordinary Activities After Tax |
670
|
1,084
|
2,670
|
2,188
|
3,738
|
| Dividend
paid per Equity Share (Rs.) |
-
|
-
|
-
|
-
|
3.00
|
| Paid
Up Share Capital - Equity Face Value Rs.2 |
1,254
|
1,254
|
1,254
|
1,254
|
1,254
|
| Reserves
(Excl. Revaluation Reserve) |
|
|
|
|
24,625 |
| Basic
& Diluted EPS (Not Annualised) (Rs.) |
1.07
|
1.73
|
4.26
|
3.49
|
5.96
|
| Basic
& Diluted EPS Excluding Exceptional Items (Not Annualised)
(Rs.) |
1.07
|
1.73
|
2.49
|
3.49
|
5.96
|
| Public
Shareholding |
|
|
|
|
|
|
-Number of Shares |
22,641,258
|
22,641,258 |
22,641,258
|
22,641,258
|
22,641,258
|
|
-Percentage of Shareholding |
36.12%
|
36.12%
|
36.12%
|
36.12%
|
36.12%
|
| Promoters
& Promoter Group Shareholding |
|
|
|
|
|
| a.
Pledged / Encumbered -Number of Shares |
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
-Percentage
of Shares ( as a % of the total shareholding of the |
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
promoter
& promoter group) |
|
|
|
|
|
-Percentage
of Shares ( as a % of the total share capital of the company) |
Nil
|
Nil
|
Nil
|
Nil
|
Nil
|
b.Non-Encumbered
-Number of Shares |
40,045,932
|
40,045,932
|
40,045,932
|
40,045,932
|
40,045,932
|
-Percentage
of Shares ( as a % of the total shareholding of the |
100.00%
|
100.00% |
100.00%
|
100.00%
|
100.00% |
promoter
& promoter group) |
|
|
|
|
|
-Percentage
of Shares ( as a % of the total share capital of the company) |
63.88%
|
63.88% |
63.88%
|
63.88%
|
63.88%
|
|
|
|
|
|
|
|
| Notes: |
| A. |
The
company's sole business segment is consumer packaging &
all other activities of the company are incidental to this
business segment. |
| B. |
Other
Operating income includes Profit on sale of assets in Q2-10
Rs 8 lacs and Q2-09 Rs 66 lacs. |
| C. |
Interest Expense is net of interest income received on income
tax refunds. Interest income received on Income tax refunds
for Q2-10 and H1-10 is Nil and Q2-09 & H1-09 is Rs 67
Lacs. |
| D. |
Exceptional
income of Rs 1,398 Lacs in H1-10 represents net gain realised
on sale of Nagpur factory property.Current tax for H1-10 includes
Rs 286 Lacs relating to the above exceptional item. |
| E. |
Provision
for current taxes is net of write back of excess provision
for earlier periods. Write back of excess income tax provision
for Q2-10 and H1-10 is nil, Q2-9 and H1-09 is Rs 73 Lacs. |
| F. |
There
were no investor complaints pending at the beginning &
at the end of the quarter. Two complaints were received during
the quarter which were resolved. |
| G. |
The
above results were reviewed by the audit committee & taken
on record by the board at it's meeting held on 30th July 2010. |
|
H. |
STATEMENT
OF ASSETS AND LIABILITIES |
((Rs
in Lacs) |
| |
As
at
30th June 2010
(Unaudited) |
|
As
at
30th June 2009
(Unaudited) |
| Shareholders'
Funds |
|
|
|
| a)
Capital |
1,254
|
|
1,254
|
| b)
Reserves and Surplus |
27,579
|
|
25,552
|
| Loan
Funds |
2,581
|
|
2,886
|
| Deferred
Tax Liability(Net) |
607
|
|
678
|
|
TOTAL |
32,021
|
|
30,370
|
| Fixed
Assets |
18,939
|
|
20,714
|
| Investments |
3,000
|
|
2,286
|
| Current
Assets, Loans and Advances |
|
|
|
| a)
Inventories |
8,588
|
|
5,902
|
| b)
Sundry Debtors |
11,370
|
|
8,671
|
| c)
Cash and Bank Balances |
551
|
|
873
|
| d)
Other Current Assets |
1,073
|
|
1,050
|
| e)
Loans and Advances |
2,106
|
|
2,183
|
| Less:
Current Liabilities and Provisions |
|
|
|
| a)
Liabilities |
12,966
|
|
10,568
|
| b)
Provisions |
640
|
|
741
|
|
TOTAL |
32,021
|
|
30,370
|
| |
|
I. |
Above
results have been subjected to limited review by the statutory
auditors.
|
| Mumbai |
|
| 30th
July, 2010 |
For The Paper Products Ltd. |
| (Visit
us at our website: www.pplpack.com) |
Suresh
Gupta -Chairman & Managing Director |
|
