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 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 |
For The Paper Products Ltd. |
| 28th October, 2009 | (Visit
us at our website: www.pplpack.com) Suresh
Gupta - Managing Director |