CGVD.L Regulatory News (CGVD)

PART I STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2013 ` in crore Sr. Particulars Quarter ended Year ended No. 30.06.2013 31.03.2013 30.06.2012 31.03.2013 Unaudited Audited Unaudited Audited 1 Income from operations (a) Net sales / Income from 1819.42 2059.87 1659.17 7135.30 operations (Net of excise duty) (b) Other operating income - - - - Total income from operations 1819.42 2059.87 1659.17 7135.30 (net) 2 Expenses (a) Cost of materials consumed 878.56 979.81 888.60 3565.28 (b) Purchases of 542.75 552.62 421.32 1811.80 stock-in-trade (c) Changes in inventories of (51.67) 41.61 (88.12) (42.99) finished goods, work-in-progress and stock-in-trade (d) Employee benefits expense 113.17 107.62 101.42 411.17 (e) Depreciation and 21.18 19.30 17.05 71.86 amortisation expense (f) Other expenses 184.22 236.23 177.59 795.43 Total expenses 1688.21 1937.19 1517.86 6612.55 3 Profit from operations before other income, finance costs 131.21 122.68 141.31 522.75 and exceptional items 4 Other income 29.83 9.08 18.07 53.07 5 Profit from ordinary 161.04 131.76 159.38 575.82 activities before finance costs and exceptional items 6 Finance costs (net) (6.60) (8.64) (2.40) (20.20) 7 Profit from ordinary 167.64 140.40 161.78 596.02 activities after finance costs but before exceptional items 8 Exceptional items - - - - 9 Profit from ordinary 167.64 140.40 161.78 596.02 activities before tax 10 Tax expense 43.01 32.68 41.51 150.18 11 Net profit from ordinary 124.63 107.72 120.27 445.84 activities after tax 12 Extraordinary items (net of - - - - tax expense ₹ Nil) 13 Net profit for the period / 124.63 107.72 120.27 445.84 year 14 Paid-up equity share capital 128.30 128.30 128.30 128.30 (Face value of equity share of ` 2 each) 15 Reserves excluding Revaluation 2914.73 Reserve as per balance sheet of previous accounting year 16 Earnings Per Share (before extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 1.94 1.68 1.87 6.95 (b) Diluted 1.94 1.68 1.87 6.95 Earnings Per Share (after extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 1.94 1.68 1.87 6.95 (b) Diluted 1.94 1.68 1.87 6.95 PART II SELECT INFORMATION FOR THE QUARTER ENDED 30TH JUNE, 2013 Sr. Particulars Quarter ended Year ended No. 30.06.2013 31.03.2013 30.06.2012 31.03.2013 A PARTICULARS OF SHAREHOLDING 1 Public shareholding* - Number of shares 374040466 374040466 374040466 374040466 - Percentage of shareholding 58.31 58.31 58.31 58.31 2 Promoters and Promoter Group Shareholding (a) Pledged / Encumbered - Number of shares 171638500 164697000 13855300 164697000 - Percentage of shares 64.18 61.58 5.18 61.58 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 26.76 25.67 2.16 25.67 (as a % of the total share capital of the Company) (b) Non-encumbered - Number of shares 95812570 102754070 253595770 102754070 - Percentage of shares 35.82 38.42 94.82 38.42 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 14.93 16.02 39.53 16.02 (as a % of the total share capital of the Company) (*Public Shareholding includes shares held by custodians of Global Depository Receipts issued) Particulars 3 months ended B INVESTOR COMPLAINTS 30.06.2013 Pending at the beginning of the Nil quarter Received during the quarter 1 Disposed of during the quarter 1 Remaining unresolved at the end of Nil the quarter PART I STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2013 ` in crore Sr. Particulars Quarter ended Year ended No. 30.06.2013 31.03.2013 30.06.2012 31.03.2013 Unaudited Audited Unaudited Audited 1 Income from operations (a) Net sales / Income from 1819.42 2059.87 1659.17 7135.30 operations (Net of excise duty) (b) Other operating income - - - - Total income from operations (net) 1819.42 2059.87 1659.17 7135.30 2 Expenses (a) Cost of materials consumed 878.56 979.81 888.60 3565.28 (b) Purchases of stock-in-trade 542.75 552.62 421.32 1811.80 (c) Changes in inventories of (51.67) 41.61 (88.12) (42.99) finished goods, work-in-progress and stock-in-trade (d) Employee benefits expense 113.17 107.62 101.42 411.17 (e) Depreciation and amortisation 21.18 19.30 17.05 71.86 expense (f) Other expenses 184.22 236.23 177.59 795.43 Total expenses 1688.21 1937.19 1517.86 6612.55 3 Profit from operations before other income, finance costs and 131.21 122.68 141.31 522.75 exceptional items 4 Other income 29.83 9.08 18.07 53.07 5 Profit from ordinary activities 161.04 131.76 159.38 575.82 before finance costs and exceptional items 6 Finance costs (net) (6.60) (8.64) (2.40) (20.20) 7 Profit from ordinary activities 167.64 140.40 161.78 596.02 after finance costs but before exceptional items 8 Exceptional items - - - - 9 Profit from ordinary activities 167.64 140.40 161.78 596.02 before tax 10 Tax expense 43.01 32.68 41.51 150.18 11 Net profit from ordinary 124.63 107.72 120.27 445.84 activities after tax 12 Extraordinary items (net of tax - - - - expense ₹ Nil) 13 Net profit for the period / year 124.63 107.72 120.27 445.84 14 Paid-up equity share capital 128.30 128.30 128.30 128.30 (Face value of equity share of ` 2 each) 15 Reserves excluding Revaluation 2914.73 Reserve as per balance sheet of previous accounting year 16 Earnings Per Share (before extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 1.94 1.68 1.87 6.95 (b) Diluted 1.94 1.68 1.87 6.95 Earnings Per Share (after extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 1.94 1.68 1.87 6.95 (b) Diluted 1.94 1.68 1.87 6.95 PART II SELECT INFORMATION FOR THE QUARTER ENDED 30TH JUNE, 2013 Sr. Particulars Quarter ended Year ended No. 30.06.2013 31.03.2013 30.06.2012 31.03.2013 A PARTICULARS OF SHAREHOLDING 1 Public shareholding* - Number of shares 374040466 374040466 374040466 374040466 - Percentage of shareholding 58.31 58.31 58.31 58.31 2 Promoters and Promoter Group Shareholding (a) Pledged / Encumbered - Number of shares 171638500 164697000 13855300 164697000 - Percentage of shares 64.18 61.58 5.18 61.58 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 26.76 25.67 2.16 25.67 (as a % of the total share capital of the Company) (b) Non-encumbered - Number of shares 95812570 102754070 253595770 102754070 - Percentage of shares 35.82 38.42 94.82 38.42 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 14.93 16.02 39.53 16.02 (as a % of the total share capital of the Company) (*Public Shareholding includes shares held by custodians of Global Depository Receipts issued) Particulars 3 months ended B INVESTOR COMPLAINTS 30.06.2013 Pending at the beginning of the Nil quarter Received during the quarter 1 Disposed of during the quarter 1 Remaining unresolved at the end of Nil the quarter STANDALONE SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 30TH JUNE, 2013 ₹ in crore Sr. Particulars Quarter ended Year ended No. 30.06.2013 31.03.2013 30.06.2012 31.03.2013 Unaudited Audited Unaudited Audited 1. Segment Revenue (net of excise duty): (a) Power Systems 564.76 836.16 594.83 2724.71 (b) Consumer Products 788.53 747.66 653.70 2592.71 (c) Industrial Systems 370.34 395.22 338.59 1499.44 (d) Others 110.10 96.70 85.74 376.79 Total 1833.73 2075.74 1672.86 7193.65 Less: Inter-Segment Revenue 14.31 15.87 13.69 58.35 Total income from operations 1819.42 2059.87 1659.17 7135.30 (net) 2. Segment Results: [Profit / (loss) before tax and finance costs from each segment] (a) Power Systems 45.89 59.42 56.46 230.61 (b) Consumer Products 93.98 74.03 85.03 278.07 (c) Industrial Systems 42.48 52.27 42.98 213.00 (d) Others (4.40) (2.01) 3.80 10.62 Total 177.95 183.71 188.27 732.30 Less: (i) Finance costs (net) (6.60) (8.64) (2.40) (20.20) (ii) Other un-allocable expenditure net of un-allocable income 16.91 51.95 28.89 156.48 Profit from ordinary activities before tax 167.64 140.40 161.78 596.02 3. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 948.43 780.45 935.16 780.45 (b) Consumer Products 108.90 110.33 62.67 110.33 (c) Industrial Systems 390.90 391.83 422.97 391.83 (d) Others 96.32 67.49 25.80 67.49 (e) Unallocable 1721.29 1770.64 1392.39 1770.64 Total 3265.84 3120.74 2838.99 3120.74 Notes on standalone unaudited results: 1. The above standalone unaudited results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 6th August, 2013. The statutory auditors have carried out a limited review of the financials of the Company as required under Clause 41 of the Listing Agreement and the related report is being forwarded to the Stock Exchanges. 2. The Board of Directors of the Company at their meeting held on 28th June, 2013, have announced the buy-back of fully paid equity shares of ` 2 each, from the open market through the Stock Exchanges, at a price not exceeding ` 125 per share, upto an amount of ` 265.70 crore, being 10% of total Paid-up Equity Capital plus Free Reserves as per the last audited Balance Sheet as at 31st March, 2012. The Company has complied with the proviso to Section 77A(2) of the Companies Act, 1956 and the norms prescribed by the Securities and Exchange Board of India (Buy-back of Securities) Regulations, 1998, as amended and has commenced the buy-back of shares from 16th July, 2013. 3. The Board of Directors of the Company, at their meeting held on 18th April, 2013, have approved the amalgamation of CG-ZIV Power Automation Solutions Limited, India, (a wholly-owned subsidiary) with the Company. Pursuant to the above announcement of the buy-back of shares, the Board of Directors have deferred the proposed amalgamation. 4. Figures of the previous quarters / year have been regrouped and reclassified, wherever necessary. For Crompton Greaves Limited Place: Mumbai Laurent Demortier Date: 6th August, 2013 CEO & Managing Director Total income from operations 3157.22 3387.30 2811.14 12094.44 (net) 2 Expenses (a) Cost of materials consumed 1789.10 1712.45 1751.51 6785.53 (b) Purchases of stock-in-trade 542.75 552.62 421.32 1811.80 (c) Changes in inventories of finished goods, work-in-progress (133.23) 176.92 (297.23) (251.26) and stock-in-trade (d) Employee benefits expense 448.91 437.56 420.87 1740.49 (e) Depreciation and 52.73 45.31 46.61 202.92 amortisation expense (f) Other expenses 364.93 429.83 347.92 1624.72 Total expenses 3065.19 3354.69 2691.00 11914.20 3 Profit / (loss) from operations before other income, finance costs and 92.03 32.61 120.14 180.24 exceptional items 4 Other income 35.32 5.14 19.19 75.44 5 Profit from ordinary activities 127.35 37.75 139.33 255.68 before finance costs and exceptional items 6 Finance costs (net) 20.14 20.82 9.89 70.93 7 Profit / (loss) from ordinary 107.21 16.93 129.44 184.75 activities after finance costs before exceptional items 8 Exceptional items - - - (120.71) 9 Profit / (loss) from ordinary 107.21 16.93 129.44 64.04 activities before tax 10 Tax expense 46.38 (7.77) 44.50 100.91 11 Net profit / (loss) from 60.83 24.70 84.94 (36.87) ordinary activities after tax 12 Extraordinary items (net of tax - - - - expense ₹ Nil) 13 Net profit / (loss) for the 60.83 24.70 84.94 (36.87) period / year 14 Share of profit / (loss) in (1.76) 0.01 0.94 (0.39) associates (net) 15 Minority interest 1.01 0.56 0.02 1.12 16 Net profit / (loss) after 60.08 25.27 85.90 (36.14) taxes,minority interest and share of profit / (loss) of associates (net) 17 Paid-up equity share capital 128.30 128.30 128.30 128.30 (Face value of equity share of ` 2 each) 18 Reserves excluding Revaluation 3402.29 Reserve as per the balance sheet of previous accounting year 19 Earnings Per Share (before extraordinary items) (of ` 2 each) (Not nnualized) (a) Basic 0.94 0.40 1.34 (0.56) (b) Diluted 0.94 0.40 1.34 (0.56) Earnings Per Share (after extraordinary items) (of ` 2 each) (Not nnualized) (a) Basic 0.94 0.40 1.34 (0.56) (b) Diluted 0.94 0.40 1.34 (0.56) FOR THE QUARTER ENDED 30TH JUNE, 2013 ` in crore Sr. Particulars Quarter ended Year ended No. 30.06.2013 31.03.2013 30.06.2012 31.03.2013 Unaudited Audited Unaudited Audited 1. Segment Revenue (net of excise duty): (a) Power Systems 1817.97 2059.98 1676.30 7335.86 (b) Consumer Products 788.53 747.66 653.70 2592.71 (c) Industrial Systems 452.05 496.16 405.05 1834.58 (d) Others 112.98 99.37 89.78 389.64 Total 3171.53 3403.17 2824.83 12152.79 Less: Inter-Segment Revenue 14.31 15.87 13.69 58.35 Total income from operations 3157.22 3387.30 2811.14 12094.44 (net) 2. Segment Results: [Profit / (loss) before tax and finance costs from each segment] (a) Power Systems 27.23 (58.63) 42.78 (110.41) (b) Consumer Products 93.98 74.03 85.03 278.07 (c) Industrial Systems 38.57 55.97 36.47 213.58 (d) Others (4.00) (1.51) 3.94 11.56 Total 155.78 69.86 168.22 392.80 Less: (i) Finance costs (net) 20.14 20.82 9.89 70.93 (ii) Other un-allocable expenditure net of un-allocable income 28.43 32.11 28.89 137.12 Profit / (loss) from ordinary 107.21 16.93 129.44 184.75 activities before exceptional items and tax 3. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 3905.11 3382.43 2874.84 3382.43 (b) Consumer Products 108.90 110.33 62.67 110.33 (c) Industrial Systems 899.84 866.34 859.31 866.34 (d) Others 119.18 89.54 37.40 89.54 (e) Unallocable 782.41 983.62 997.63 983.62 Total 5815.44 5432.26 4831.85 5432.26 Notes on consolidated unaudited results: 1. The above consolidated unaudited results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 6th August, 2013. 2. Current quarter includes, the results of the subsidiaries acquired during the last year i.e., ZIV Group in Spain. Consequently, figures for the current quarter are not comparable with the figures of the corresponding previous quarter. Figures for the previous quarters / year have been regrouped and reclassified, wherever necessary. For Crompton Greaves Limited Place: Mumbai Laurent Demortier

Date: 6th August, 2013 CEO & Managing Director