31 Jan 2012 12:31
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2011 ` in croreSr Particulars Year Quarter ended Nine months ended endedNo. 31.12.2011 30.09.2011 31.12.2010
31.12.2011 31.12.2010 31.03.2011
Unaudited Unaudited Unaudited
Unaudited Unaudited Audited
1 Sales / Income from Operations 1715.41 1533.36 1476.20 4792.53 4420.80 6276.52
Less: Excise duty 90.95 81.89 77.61
247.77 234.52 325.05
2 Net Sales / Income from
Operations 1624.46 1451.47 1398.59
4544.76 4186.28 5951.47
3 Expenditure
(a) (Increase) / decrease in stock
in trade and work in progress 1.15 29.84 18.10
(48.44) (98.91) (56.84)
(b) Consumption of raw
materials 870.80 769.20 675.84
2470.96 2146.69 3048.45
(c) Purchase of traded goods 314.55 250.22 247.91
854.42 790.33 1073.93
(d) Employees cost 90.94 89.20 77.33
271.95 224.06 310.17
(e) Depreciation and amortisation 16.90 26.71 21.11
72.19 57.86 80.89 (f) Other expenditure 171.73 151.61 151.34 472.52 455.76 643.25 Total Expenditure 1466.07 1316.78 1191.63 4093.60 3575.79 5099.85
4 Profit from Operations before
Other Income and Interest 158.39 134.69 206.96 451.16 610.49 851.62 5 Other income 13.51 16.82 22.13 45.99 56.20 79.38 6 Profit before Interest 171.90 151.51 229.09 497.15 666.69 931.00 7 Interest (net) (2.36) 0.05 2.32 (0.88) 1.00 3.99
8 Profit from Ordinary Activities
before tax 174.26 151.46 226.77
498.03 665.69 927.01
9 Tax expenses
(a) Current tax 51.11 40.17 59.23
133.15 193.50 243.70
(b) Deferred tax (3.50) (1.03) (8.49)
(3.11) (4.50) (11.02)
Total Tax Expenses 47.61 39.14 50.74 130.04 189.00 232.6810 Net Profit for the period / year 126.65 112.32 176.03 367.99 476.69 694.3311 Paid-up equity share capital
(Face value of equity share of ` 2
each) 128.30 128.30 128.30 128.30 128.30 128.3012 Reserves excluding Revaluation Reserve as per balance sheet of pervious accounting year 2161.51 UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2011 Sr Particulars Year Quarter ended Nine months ended endedNo. 31.12.2011 30.09.2011 31.12.2010
31.12.2011 31.12.2010 31.03.2011
Unaudited Unaudited Unaudited Unaudited Unaudited Audited13 Earnings Per Share (EPS) (`) Basic and diluted (Not annualised) 1.98 1.75 2.74 5.74 7.43 10.8214 Public shareholding * - Number of shares 374040833 374040833 378964895
374040833 378964895 378964895
- Percentage of shareholding 58.31 58.31 59.08 58.31 59.08 59.08 15 Promoters and promoter group
Shareholding
a) Pledged / Encumbered
- Number of shares 13855300 13505300 9195500
13855300 9195500 10945500
- Percentage of shares 5.18 5.05 3.50
5.18 3.50 4.17
(as a percentage of the total
shareholding of promoter and
promoter group)
- Percentage of shares 2.16 2.10 1.43
2.16 1.43 1.71
(as a percentage of the total
share capital of the Company)
b) Non-encumbered
- Number of shares 253595403 253945403 253331141
253595403 253331141 251581141
- Percentage of shares 94.82 94.95 96.50
94.82 96.50 95.83
(as a percentage of the total
shareholding of promoter and
promoter group)
- Percentage of shares 39.53 39.59 39.49
39.53 39.49 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 31ST DECEMBER, 2011 ` in croreSr Year Particulars Quarter ended Nine months ended endedNo. 31.12.2011 30.09.2011
31.12.2010 31.12.2011 31.12.2010 31.03.2011
Unaudited Unaudited Unaudited Unaudited Unaudited Audited1. Segment Revenue (net of excise duty): (a) Power Systems 754.23 598.79 580.73 1921.64 1734.85 2554.24 (b) Consumer Products 503.28 480.14 475.13 1527.09 1470.36 2021.17 (c) Industrial Systems 388.61 376.57 349.65 1126.90 1005.06 1406.63 (d) Others 1.93 3.02 3.01 7.76 14.41 17.10 Total 1648.05 1458.52 1408.52 4583.39 4224.68 5999.14
Less: Inter Segment Revenue 23.59 7.05
9.93 38.63 38.40 47.67
Net Sales / Income from operations 1624.46 1451.47 1398.59 4544.76 4186.28 5951.47 2. Segment Results:
[Profit / (Loss) before tax and interest
from each segment] (a) Power Systems 81.06 67.16 114.91 219.91 312.26 460.18 (b) Consumer Products 59.26 54.27 66.59 188.90 213.95 292.81 (c) Industrial Systems 56.70 59.08 63.72 173.33 198.38 262.59 (d) Others 0.20 0.29 0.61 0.84 2.23 2.95 Total 197.22 180.80 245.83 582.98 726.82 1018.53 Less: (i) Interest (net) (2.36) 0.05 2.32 (0.88) 1.00 3.99
(ii) Other un-allocable expenditure
net of un-allocable income 25.32 29.29
16.74 85.83 60.13 87.53
Profit from Ordinary Activities
before tax 174.26 151.46 226.77 498.03 665.69 927.013. Capital Employed:
(Segment Assets - Segment Liabilities)
(a) Power Systems 847.08 839.33
670.09 847.08 670.09 671.63
(b) Consumer Products 110.86 106.95
68.92 110.86 68.92 80.56
(c) Industrial Systems 345.04 336.17
346.22 345.04 346.22 333.59 (d) Others 1404.10 1289.68 1147.55 1404.10 1147.55 1305.22 Total 2707.08 2572.13 2232.78 2707.08 2232.78 2391.00
Notes on standalone financial results:
1. The above unaudited standalone financial results have beenreviewed by the Audit Committee and approved by the Board of Directors at itsmeeting held on 31st January, 2012. The statutory auditors have carried out alimited review of the financial results of the Company as required underClause 41 of the Listing Agreement and the related report is being forwardedto the Stock Exchanges.
2. The Company has declared second interim dividend of ` 0.20 per share on 641,491,536 Equity Shares of ` 2 each for the financial year 2011-12.
3. The Company has not received any investor complaint during the quarter. No complaints were pending at the beginning and at the end of the quarter.
4. 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 that the record date for the interim dividend will be Monday, 6th February, 2012, and the date for payment will be Tuesday, 14th February, 2012
For Crompton Greaves Limited
Place: Mumbai Laurent Demortier
Date: 31st January, 2012 CEO and Managing Director
UNAUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE QUARTER ENDED 31ST DECEMBER, 2011 ` in croreSr Particulars Quarter ended Nine months ended Year endedNo. 31.12.2011 30.09.2011
31.12.2010 31.12.2011 31.12.2010 31.03.2011
Unaudited Unaudited
Unaudited Unaudited Unaudited Audited
1 Sales / Income from Operations 3119.24 2787.74
2474.89 8420.00 7332.54 10331.35
Less: Excise duty 91.29 82.21
77.90 248.78 235.46 326.24
2 Net Sales / Income from Operations 3027.95 2705.53
2396.99 8171.22 7097.08 10005.11
3 Expenditure
(a) (Increase) / decrease in stock
in trade and work in progress 406.31 (184.67)
42.30 (50.43) (110.39) (95.57)
(b) Consumption of raw
materials 1396.13 1754.51
1198.35 4761.01 3679.22 5174.24
(c) Purchase of traded goods 327.29 250.22
248.98 867.16 802.82 1190.19
(d) Employees cost 392.93 357.44
300.51 1072.42 909.23 1181.14
(e) Depreciation and amortisation 62.67 72.63 46.67 196.07 133.96 193.63 (f) Other expenditure 322.67 302.05 266.70 930.60 845.50 1211.33 Total Expenditure 2908.00 2552.18 2103.51 7776.83 6260.34 8854.96
4 Profit from Operations before
Other Income and Interest 119.95 153.35 293.48 394.39 836.74 1150.15 5 Other income 15.46 21.50 12.03 52.09 53.11 99.91 6 Profit before Interest 135.41 174.85 305.51 446.48 889.85 1250.06 7 Interest (net) 11.23 10.22 3.85 32.40 13.71 20.93 8 Profit from Ordinary Activities before tax 124.18 164.63 301.66 414.08 876.14 1229.13 9 Tax expenses (a) Current tax 58.27 47.42 78.82 153.84 238.61 293.11 (b) Deferred tax (9.59) (1.10) (8.48) (11.33) 3.06 16.88 Total Tax Expenses 48.68 46.32 70.34 142.51 241.67 309.99
Net Profit from Ordinary Activities after
tax before minority interest and share of 10 profit / (loss) in associate companies 75.50 118.31 231.32 271.57 634.47 919.14
11 Minority interest 0.33 0.11 (0.06) 0.37 (0.16) (0.37)12 Share of profit / (loss) in associates 1.31 (1.76)
1.54 1.33 2.93 8.02
Net Profit from Ordinary Activities after
tax, minority interest and share of profit13 / (loss) in associate companies 77.14 116.66
232.80 273.27 637.24 926.79
14 Extraordinary item - - - - - (38.12)15 Net profit for the period / year 77.14 116.66 232.80 273.27 637.24 888.6716 Paid-up Equity Share Capital 128.30 128.30
128.30 128.30 128.30 128.30
(Face value of equity share of ` 2 each)17 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year 3132.1118 Earnings Per Share (EPS) (Not annualised) (a) Basic and diluted EPS before Extraordinary item (`) 1.20 1.82
3.63 4.26 9.93 14.45
(b) Basic and diluted EPS after
Extraordinary item (`) 1.20 1.82 3.63 4.26 9.93 13.85 CONSOLIDATED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED 31ST DECEMBER, 2011 ` in CroreSr Year Particulars Quarter ended Nine months ended endedNo. 31.12.2011 30.09.2011
31.12.2010 31.12.2011 31.12.2010 31.03.2011
Unaudited Unaudited Unaudited Unaudited Unaudited Audited1. Segment Revenue (net of excise duty): (a) Power Systems 2068.86 1761.08 1545.18 5346.54 4579.40 6502.85 (b) Consumer Products 503.28 480.14 475.13 1527.09 1470.36 2021.17 (c) Industrial Systems 474.88 465.54 380.91 1320.16 1062.54 1497.09 (d) Others 4.52 5.82 5.70 16.06 23.18 31.67 Total 3051.54 2712.58 2406.92 8209.85 7135.48 10052.78
Less: Inter Segment Revenue 23.59 7.05
9.93 38.63 38.40 47.67
Net Sales / Income from operations 3027.95 2705.53 2396.99 8171.22 7097.08 10005.11 2. Segment Results:
[Profit / (Loss) before tax and interest
from each segment] (a) Power Systems 51.75 93.43 200.76 185.26 549.80 806.84 (b) Consumer Products 59.26 54.27 66.59 188.90 213.95 292.81 (c) Industrial Systems 49.44 55.79 69.37 156.08 199.31 264.20 (d) Others 0.75 0.65 (14.47) 2.54 (11.88) (25.06) Total 161.20 204.14 322.25 532.78 951.18 1338.79 Less: (i) Interest (net) 11.23 10.22 3.85 32.40 13.71 20.93
(ii) Other un-allocable expenditure
net of un-allocable income 25.79 29.29
16.74 86.30 61.33 88.73
Profit from Ordinary Activities
before tax 124.18 164.63 301.66 414.08 876.14 1229.133. Capital Employed:
(Segment Assets - Segment Liabilities)
(a) Power Systems 2631.13 2472.23
2015.95 2631.13 2015.95 2158.69
(b) Consumer Products 110.86 106.95
68.92 110.86 68.92 80.56
(c) Industrial Systems 763.96 756.25
420.18 763.96 420.18 420.35 (d) Others 1129.28 1044.66 1060.66 1129.28 1060.66 1117.12 Total 4635.23 4380.09 3565.71 4635.23 3565.71 3776.72
Notes on consolidated financial results:
1. The above unaudited consolidated financial results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 31st January, 2012.
2. Current period include the results of the subsidiaries acquired during the period specifically Emotron in Sweden and QEI in the USA. Consequently, figures for the current period are not comparable with the figures of the corresponding previous periods and figures for the previous periods / year have been regrouped and reclassified, wherever necessary.
For Crompton Greaves Limited
Place: Mumbai Laurent Demortier
Date: 31st January, 2012 CEO and Managing Director