21 Jul 2011 11:55
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011
` in crore Sr Particulars Quarter ended Year ended No. 30.06.2011 30.06.2010 31.03.2011 Unaudited Unaudited Audited 1 Sales / Income from Operations 1543.76 1415.47 6276.52 Less: Excise duty 74.93 72.56 325.05 2 Net Sales / Income from Operations 1468.83 1342.91 5951.47 3 Expenditure (a) (Increase) / decrease in stock in trade and work in progress (79.43) (106.65) (56.84) (b) Consumption of raw materials 830.96 712.67 3048.45 (c) Purchase of traded goods 289.65 304.45 1073.93 (d) Employees cost 91.81 72.61 310.17 (e) Depreciation and amortisation 28.58 17.24 80.89 (f) Other expenditure 149.18 150.46 643.25 Total Expenditure 1310.75 1150.78 5099.85 4 Profit from Operations before Other Income and Interest 158.08 192.13 851.62 5 Other Income 15.66 14.78 79.38 6 Profit before Interest 173.74 206.91 931.00 7 Interest (net) 1.43 (0.63) 3.99 8 Profit from Ordinary Activities 172.31 207.54 927.01 before tax 9 Provision for taxation (a) Current tax 41.87 66.83 243.70 (b) Deferred tax 1.42 (1.46) (11.02) Total Tax Expenses 43.29 65.37 232.68 10 Net Profit for the period 129.02 142.17 694.33 11 Paid-up equity share capital (Face value of equity share of ` 2 128.30 128.30 128.30 each) 12 Reserves (excluding Revaluation 2161.51 Reserve)
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011
Sr Particulars Quarter ended Year ended No. 30.06.2011 30.06.2010 31.03.2011 Unaudited Unaudited Audited 13 Earnings Per Share (EPS) (a) Basic and diluted EPS before Extraordinary item (`) 2.01 2.22 10.82 (b) Basic and diluted EPS after Extraordinary item (`). 2.01 2.22 10.82 14 Public shareholding * - Number of shares 378964895 378964895 378964895 - Percentage of shareholding 59.08 59.08 59.08 15 Promoters and promoter group Shareholdings a) Pledged / Encumbered - Number of shares. 11630500 9350500 10945500 - Percentage of shares 4.43 3.56 4.17 (as a percentage of the total shareholding of promoter and promoter group) - Percentage of shares 1.81 1.46 1.71 (as a percentage of the total share capital of the company) b) Non-encumbered - Number of shares 250896141 253176141 251581141 - Percentage of shares 95.57 96.44 95.83 (as a percentage of the total shareholding of promoter and promoter group) - Percentage of shares 39.11 39.46 39.21 (as a percentage of the total share capital of the company) * Public Shareholding includes shares held by custodians of Global Depository Receipts issued.
STANDALONE SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER ENDED 30TH JUNE, 2011 ` in crore Sr Particulars Quarter ended Year ended No. 30.06.2011 30.06.2010 31.03.2011 Unaudited Unaudited Audited 1. Segment Revenue (net of excise duty): (a) Power Systems 568.62 510.09 2554.24 (b) Consumer Products 543.67 531.80 2021.17 (c) Industrial Systems 361.72 311.18 1406.63 (d) Others 2.81 5.43 17.10 Total 1476.82 1358.50 5999.14 Less: Inter Segment Revenue 7.99 15.59 47.67 Net Sales / Income from 1468.83 1342.91 5951.47 operations 2. Segment Results: [Profit / (Loss) before tax and interest from each segment] (a) Power Systems 71.69 84.59 460.18 (b) Consumer Products 75.37 80.29 292.81 (c) Industrial Systems 57.55 64.20 262.59 (d) Others 0.35 0.95 2.95 Total 204.96 230.03 1018.53 Less: (i) Interest (net) 1.43 (0.63) 3.99 (ii) Other un-allocable expenditure net of un-allocable income 31.22 23.12 87.53 Profit from Ordinary Activities before tax 172.31 207.54 927.01 3. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 793.25 546.39 671.63 (b) Consumer Products 148.27 39.02 80.56 (c) Industrial Systems 341.22 228.74 333.59 (d) Others 1235.69 1209.76 1305.22 Total 2518.43 2023.91 2391.00
1. The above unaudited financial results have been reviewed by the Audit
Committee and approved by the Board of Directors at its meeting held on
19th July, 2011, are subjected to Limited Review by the Statutory Auditors.
2. The Company, during the quarter has been awarded a contract as franchisee
of Maharashtra State Electricity Distribution Company Limited (MSEDCL) for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years and a Letter of Intent has been executed for same between the Company and MSEDCL.
3. The Company has received and satisfactorily resolved ----three investor
complaints during the quarter. No complaints were pending at the beginning
and at the end of the quarter.
4. Figures of the previous quarter / year have been regrouped and
reclassified, wherever necessary.
For Crompton Greaves Limited
Place: Mumbai Laurent Demortier
Date: 19th July, 2011 CEO and Managing Director
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2011
` in crore Sr Particulars Quarter ended Year ended No. 30.06.2011 30.06.2010 31.03.2011 Unaudited Unaudited Audited 1 Sales / Income from 2513.02 2375.08 10331.35 Operations Less: Excise duty 75.28 72.87 326.24 2 Net Sales / Income from 2437.74 2302.21 10005.11 Operations 3 Expenditure (a) (Increase) / decrease in stock in trade and work in (272.07) (89.07) (95.57) progress (b) Consumption of raw materials 1610.37 1196.97 5174.24 (c) Purchase of traded goods 289.65 310.44 1190.19 (d) Employees cost 322.05 299.41 1181.14 (e) Depreciation and 60.77 41.51 193.63 amortisation (f) Other expenditure 305.88 287.13 1211.33 Total Expenditure 2316.65 2046.39 8854.96 4 Profit from Operations before Other Income and Interest 121.09 255.82 1150.15 5 Other income 15.13 18.30 99.91 6 Profit before Interest 136.22 274.12 1250.06 7 Interest (net) 10.95 5.01 20.93 8 Profit from Ordinary 125.27 269.11 1229.13 Activities before tax 9 Provision for taxation (a) Current tax 48.15 77.65 293.11 (b) Deferred tax (0.64) 1.73 16.88 Total Tax Expenses 47.51 79.38 309.99 10 Net Profit from Ordinary 77.76 189.73 919.14 Activities after tax before minority interest and share of profit / (loss) in associate companies 11 Minority interest (0.07) (0.10) (0.37) 12 Share of profit in 1.78 1.22 8.02 associates 13 Net Profit from Ordinary 79.47 190.85 926.79 Activities after tax, minority interest and share of profit / (loss) in associate companies 14 Extraordinary item - - (38.12) 15 Net profit for the period 79.47 190.85 888.67 16 Paid-up Equity Share Capital 128.30 128.30 128.30 (Face value of equity share of ` 2 each) 17 Reserves ( excluding Revaluation Reserve) 3132.11 18 Earnings Per Share (EPS) (a) Basic and diluted EPS before Extraordinary item (`) 1.24 2.98 14.45 (b) Basic and diluted EPS after Extraordinary item (`) 1.24 2.98 13.85 CONSOLIDATED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 30TH JUNE, 2011 ` in Crore Sr Particulars Quarter ended Year ended No. 30.06.2011 30.06.2010 31.03.2011 Unaudited Unaudited Audited 1. Segment Revenue (net of excise duty): (a) Power Systems 1516.60 1456.41 6502.85 (b) Consumer Products 543.67 531.80 2021.17 (c) Industrial Systems 379.74 321.02 1497.09 (d) Others 5.72 8.57 31.67 Total 2445.73 2317.80 10052.78 Less: Inter Segment Revenue 7.99 15.59 47.67 Net Sales / Income from 2437.74 2302.21 10005.11 operations 2. Segment Results: [Profit / (Loss) before tax and interest from each segment] (a) Power Systems 40.08 155.58 806.84 (b) Consumer Products 75.37 80.29 292.81 (c) Industrial Systems 50.85 59.78 264.20 (d) Others 1.14 1.59 (25.06) Total 167.44 297.24 1338.79 Less: (i) Interest (net) 10.95 5.01 20.93 (ii) Other un-allocable expenditure net of un-allocable income 31.22 23.12 88.73 Profit from Ordinary 125.27 269.11 1229.13 Activities before tax 3. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 2347.91 1807.24 2158.69 (b) Consumer Products 148.27 39.02 80.56 (c) Industrial Systems 759.16 295.24 420.35 (d) Others 960.26 1143.00 1117.12 Total 4215.60 3284.50 3776.72
1. The above unaudited financial results have been reviewed by the Audit
Committee and approved by the Board of Directors at its meeting held on
19th July, 2011.
2. The Company, during the quarter, through its overseas subsidiary, has
acquired Sweden based Emotron Group for an enterprise value of Euro 57.8 million. The Emotron Group is engaged in the manufacture of variable speed drives, soft starters, shaft power monitors, customised products and providing project solutions.
3. The Company, during the quarter, through its overseas subsidiary, has
acquired US based company QEI Inc. for an enterprise value of USD 30 million. The QEI Inc. is provider of SCADA and Automation systems and products for the management of electric transmission and distribution networks.
4. The Company, during the quarter, through its overseas subsidiary, has
concluded an arrangement for acquisition of land for establishing a Greenfield Power Transformer and HT Switchgear plant at Brazil. The installed capacity of this plant will be approximately 6000MVA and would require an investment of approximately USD 30 million.
5. Current quarter include the results of the subsidiaries acquired during the
quarter. Consequently, figures for the current quarter are not comparable
with the figures of the previous quarter and figures for the previous
quarter / year have been regrouped and reclassified, wherever necessary.
For Crompton Greaves Limited
Place: Mumbai Laurent Demortier
Date: 19th July, 2011 CEO and Managing Director