|
|
|
Unaudited
Financial Results For The Quarter Ended 30.09.2009
| |
|
|
|
|
(Rs
in Lacs) |
| |
Quarter
Ended
30.09.2009
(Unaudited) |
Quarter
Ended
30.09.2008
(Unaudited) |
9
Months
Ended
30.09.2009
(Unaudited) |
9
Months
Ended
30.09.2008
(Unaudited) |
Year
Ended
31.12.2008
(Audited) |
| Gross
Sales |
17,009 |
18,101 |
47,930 |
51,885 |
67,475 |
| Less:
Excise & Sales Tax |
1,085 |
1,648 |
3,197 |
4,954 |
6,266 |
| Net
Sales / Income from Operations |
1,5924 |
16,453 |
44,733 |
46,931 |
61,209 |
| Other
Operating Income |
179 |
176 |
540 |
664 |
868 |
| Total
Income |
1,6103 |
16,629 |
45,273 |
47,595 |
62,077 |
| Expenditure |
|
|
|
|
|
| (Increase)/
Decrease In Stock In Trade |
663 |
(149) |
492 |
(287) |
194 |
| Consumption
of Raw & Packing Materials |
10,120 |
11,895 |
29,120 |
33,027 |
42,436 |
| Staff
Costs |
1,448 |
1,310 |
3,932 |
3,793 |
5,093 |
Depreciation
& Amortisation |
768 |
706 |
2,286 |
2,154 |
2,862 |
| Other
Expenditure |
2,146 |
1,909 |
5,589 |
5,560 |
7,249 |
| Total
Expenditure |
15,145 |
15,671 |
41,419 |
44,247 |
57,834 |
| Foreign
Exchange (-)Loss/ (+) Gain
(Refer Note C) |
35 |
(318) |
70 |
(1,054) |
(1,320) |
| Profit
from Operations before Other Income & Interest |
993 |
640 |
3,924 |
2,294 |
2,923 |
| Other
Income |
28 |
39 |
103 |
125 |
152 |
| Profit
before Interest |
1,021 |
679 |
4,027 |
2,419 |
3,075 |
| Interest
(Net ) (Refer Note D) |
(26) |
67 |
(21) |
57 |
98 |
| Profit
from Ordinary Activities Before Tax |
1,047 |
612 |
4,048 |
2,362 |
2,977 |
Provision
for - Current Taxes (Refer Note E) |
260 |
194 |
1,060 |
670 |
960 |
|
- Deferred
Taxes |
(27) |
(2) |
(38) |
(97) |
(162) |
|
-
Fringe Benefits Tax |
(11) |
13 |
12 |
41 |
50 |
| Profit
from Ordinary Activities After Tax |
825 |
407 |
3,014 |
1,748 |
2,129 |
| Divident
recommended/paid per Equity Share (Rs.) |
|
|
|
|
1.80 |
| 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.) |
1.32 |
0.65 |
4.81 |
2.79 |
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) |
1,107 |
1,297 |
3,185 |
3,884 |
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 Q3-2008 & Nine Months -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. |
Forex
losses for Q3-2008 & Nine Months -2008 included loss of
Rs.53 lacs & Rs.575 lacs respectively for mark to market
valuation of forex contracts entered into to hedge the forecast
transactions. |
| D. |
Interest
Expense for Q3-2009 & Nine Months -2009 is net of Rs.41
lacs & Rs.108 lacs respectively & Nine Months-2008
is net of Rs.145 lacs being interest income received on Income
Tax Refunds. |
| E. |
Provision
for current taxes for Q3-2009 & Nine Months-2009 is net
of Rs.30 lacs & Rs.103 lacs respectively & Nine Months-2008
is net of Rs.62 lacs being write back of excess provision
for earlier periods. |
| 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
Company has implemented Oracle ERP system which has gone live
in October 2009. |
| H. |
The
above results were reviewed by the audit committee & taken
on record by the board at it's meeting held on 28th October
2009. |
I. |
The
above results have been subjected to limited review by statutory
auditors. |
| Mumbai |
|
| 28th
October, 2009 |
For The Paper Products Ltd. |
| (Visit
us at our website: www.pplpack.com) |
Suresh
Gupta - Managing Director |
|
