28 Jan 2011 10:58
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2010 ` in lakhsSr Particulars Quarter ended Nine months ended Year endedNo. 31.12.2010 31.12.2009 31.12.2010 31.12.2009 31.03.2010 Unaudited Unaudited Unaudited
Unaudited Audited 1 Sales / Income from Operations 147620 127511 442080 382320 551608
Less: Excise duty 7761 5135 23452 15742 232092 Net Sales / Income from Operations 139859 122376 418628 366578 5283993 Expenditure
(a) (Increase) / decrease in stock
in trade and work in progress 1810 (6176) (9891)
(11286) (4929)
(b) Consumption of raw
materials 67584 63779 214669
187499 265727
(c) Purchase of traded goods 24791 20765 79033
65903 91671
(d) Employees cost 7733 6229 22406
19081 25579
(e) Depreciation and amortisation 2111 1321 5786
3897 5190 (f) Other expenditure 15134 17419 45576 46676 64575 Total Expenditure 119163 103337 357579 311770 4478134 Profit from Operations before Other Income and Interest 20696 19039 61049 54808 805865 Other income 2213 1671 5620 3508 68756 Profit before Interest 22909 20710 66669 58316 874617 Interest (net) 232 114 100 58 435
8 Profit from Ordinary Activities 22677 20596 66569
58258 87026 before tax9 Provision for taxation (a) Current tax 5923 6500 19350 18060 27380 (b) Deferred tax (849) 553 (450) 1573 1950 Total Tax Expenses 5074 7053 18900 19633 2933010 Net Profit from Ordinary Activities after tax 17603 13543 47669 38625 5769611 Extraordinary item - - - - 403812 Net Profit for the period 17603 13543 47669 38625 6173413 Paid-up equity share capital
(Face value of equity share of ` 12830 7331 12830
7331 12830
2 each)14 Reserves (excluding Revaluation 162200 Reserve)UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2010 ` in lakhsSr Particulars Quarter ended Nine months ended Year endedNo. 31.12.2010 31.12.2009 31.12.2010 31.12.2009 31.03.2010 Unaudited Unaudited Unaudited Unaudited Audited15 Earnings Per Share (EPS)
(a)Basic and diluted EPS before
Extraordinary item (`) 2.74 2.11 7.43
6.02 8.99
(b)Basic and diluted EPS after
Extraordinary item (`) 2.74 2.11 7.43 6.02 9.6216 Public shareholding * Number of shares 378964895 216551367 378964895 216551367 378964895 Percentage of shareholding 59.08 59.08 59.08 59.08 59.0817 Promoters and promoter group Shareholdings a) Pledged / Encumbered Number of shares 9195500 8589500 9195500 8589500 15031625 Percentage of shares 3.50 5.73 3.50 5.73 5.73
(as a percentage of the total
shareholding of promoter and
promoter group)
Percentage of shares 1.43 2.34 1.43
2.34 2.34
(as a percentage of the total
share capital of the company)
b) Non-encumbered Number of shares 253331141 141425725 253331141 141425725 247495016 Percentage of shares 96.50 94.27 96.50 94.27 94.27
(as a percentage of the total
shareholding of promoter and
promoter group)
Percentage of shares 39.49 38.58 39.49
38.58 38.58
(as a percentage of the total
share capital of the company)
* Public Shareholding includes shares held by custodians of Global Depository Receipts issued.
Notes on standalone financial results:
The above unaudited financial results have been reviewed by the AuditCommittee and approved by the Board of Directors at its meeting held on 28thJanuary, 2011, are subjected to Limited Review by the Statutory Auditors.The Board of Directors of the Company has approved the Scheme of Amalgamationof CG Capital & Investments Limited, a wholly owned subsidiary of the Company,with effect from 1st April, 2010 at their meeting held on 28th January, 2011.The effect of the amalgamation will be given in the financial statements uponreceipt of Order from the Honourable High Court of Judicature at Bombay.
The Earnings Per Share for the quarter and for the nine months ended on 31st December, 2009 have been adjusted for the bonus shares issued on 9th March, 2010, as per the Accounting Standard (AS) 20 Earnings per Share.
The Company has declared an interim dividend of ` 0.80 per share on 641,491,536 Equity Shares of ` 2 each for the financial year 2010-11.
The Company has received and satisfactorily resolved three investor complaintsduring the quarter. No complaints were pending at the beginning and at the endof the quarter.
Figures of the previous periods / year have been regrouped and reclassified, wherever necessary.
Notice is hereby given pursuant to Section 154 of the Companies Act, 1956 thatthe record date for the interim dividend will be Friday, February 4, 2011 andthe date for payment will be Monday, February 14, 2011.For Crompton Greaves LimitedPlace: MumbaiS. M. TrehanManaging DirectorDate: 28th January, 2011UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2010 ` in LakhsSr Particulars Quarter ended Nine months ended Year endedNo. 31.12.2010 31.12.2009
31.12.2010 31.12.2009 31.03.2010
Unaudited Unaudited Unaudited Unaudited Audited1 Sales / Income from Operations 247489 229820
733254 679151 937550
Less: Excise duty 7790 5178 23546 15853 234632 Net Sales / Income from Operations 239699 224642 709708 663298 9140873 Expenditure
(a) (Increase) / decrease in stock
in trade and work in progress 4230 273
(11039) (8000) 2247
(b) Consumption of raw
materials 119835 110897
367922 342512 462403
(c) Purchase of traded goods 24898 20659
80282 66903 94581
(d) Employees cost 30051 28169
90923 85105 111314
(e) Depreciation and amortisation 4667 3948 13396 11539 15509 (f) Other expenditure 26670 32649 84550 89349 115847 Total Expenditure 210351 196595 626034 587408 8019014 Profit from Operations before Other Income and Interest 29348 28047 83674 75890 1121865 Other income 1203 2153 5311 6074 93686 Profit before Interest 30551 30200 88985 81964 1215547 Interest (net) 385 492 1371 1458 26498 Profit from Ordinary Activities before tax 30166 29708 87614 80506 1189059 Provision for taxation (a) Current tax 7882 8147 23861 22394 31372 (b) Deferred tax (848) 1536 306 2724 5127 Total Tax Expenses 7034 9683 24167 25118 3649910 Net Profit from Ordinary Activities 23132 20025
63447 55388 82406
after tax before minority interest and share of profit / (loss) in associate companies 11 Minority interest (6) (112) (16) (239) (255)12 Share of profit in associates 154 51 293 187 31513 Net Profit from Ordinary Activities 23280 19964
63724 55336 82466
after tax, minority interest and
share of profit / (loss) in
associate companies 14 Extraordinary item - - - - 352115 Net profit for the period 23280 19964 63724 55336 8598716 Paid-up Equity Share Capital 12830 7331
12830 7331 12830
(Face value of equity share of ` 2 each)17 Reserves ( excluding Revaluation Reserve) 23615618 Earnings Per Share (EPS) (a) Basic and diluted EPS before Extraordinary item (`) 3.63 3.11
9.93 8.63 12.86
(b) Basic and diluted EPS after
Extraordinary item (`) 3.63 3.11
9.93 8.63 13.40
CONSOLIDATED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 31ST DECEMBER, 2010
(` in Lakhs)Sr Particulars Quarter ended Nine months ended Year endedNo. 31.12.2010 31.12.2009 31.12.2010 31.12.2009 31.03.2010 Unaudited Unaudited Unaudited Unaudited Audited1. Segment Revenue (net of excise duty): (a) Power Systems 154518 155957 457940 452062 620446 (b) Consumer Products 47513 36473 147036 115158 161198 (c) Industrial Systems 38091 31004 106254 91109 125865 (d) Others 570 1883 2318 7432 10341 Total 240692 225317 713548 665761 917850 Less: Inter Segment Revenue 993 675 3840 2463 3763 Net Sales / Income from operations 239699 224642 709708 663298 9140872. Segment Results: [Profit / (Loss) before tax and interest from each segment] (a) Power Systems 20076 20122 54980 51986 76935 (b) Consumer Products 6659 5237 21395 16276 22986 (c) Industrial Systems 6937 6406 19931 18712 27598 (d) Others (1447) 499 (1188) 1316 1510 Total 32225 32264 95118 88290 129029 Less: (i) Interest (net) 385 492 1371 1458 2649 (ii) Other un-allocable expenditure net of un-allocable income 1674 2064 6133 6326 7475 Profit from Ordinary Activities 30166 29708 87614 80506 118905 before tax3. Capital Employed: (Segment Assets Segment Liabilities) (a) Power Systems 201595 181273 201595 181273 167820 (b) Consumer Products 6892 3115 6892 3115 5103 (c) Industrial Systems 42018 20446 42018 20446 22993 (d) Others 106066 87781 106066 87781 105530 Total 356571 292615 356571 292615 301446
Notes on consolidated financial results:
The above unaudited financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 28th January, 2011.
The Earnings Per Share for the quarter and for the nine months ended on 31st December, 2009 have been adjusted for the bonus shares issued on 9th March, 2010, as per the Accounting Standard (AS) 20 Earnings Per Share.
Figures of the previous periods / year have been regrouped and reclassified,wherever necessary.For Crompton Greaves LimitedPlace: MumbaiS. M. TrehanManaging DirectorDate: 28th January, 2011
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