3 May 2011 07:00
AUDITED STANDALONE FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011
` in croreSr Particulars Quarter ended Year endedNo. 31.03.2011 31.03.2010 31.03.2011 31.03.20101 Sales / Income from Operations 1855.72 1692.88 6276.52 5516.08 Less: Excise duty 90.53 74.67 325.05 232.092 Net Sales / Income from Operations 1765.19 1618.21 5951.47 5283.993 Expenditure (a)(Increase) / decrease in stock in trade and work in progress 42.07 63.57 (56.84) (49.29) (b) Consumption of raw materials 901.76 782.28 3048.45 2657.27 (c) Purchase of traded goods 283.60 257.68 1073.93 916.71 (d) Employees cost 86.11 64.98 310.17 255.79 (e) Depreciation and amortisation 23.03 12.93 80.89 51.90 (f) Other expenditure 187.49 178.99 643.25 645.75 Total Expenditure 1524.06 1360.43 5099.85 4478.134 Profit from Operations before Other Income and Interest 241.13 257.78 851.62 805.865 Other Income 23.18 33.67 79.38 68.756 Profit before Interest 264.31 291.45 931.00 874.617 Interest (net) 2.99 3.77 3.99 4.358 Profit from Ordinary Activities before tax 261.32 287.68 927.01 870.269 Provision for taxation (a) Current tax 50.20 93.20 243.70 273.80 (b) Deferred tax (6.52) 3.77 (11.02) 19.50 Total Tax Expenses 43.68 96.97 232.68 293.3010 Net Profit from Ordinary Activities after tax 217.64 190.71 694.33 576.9611 Extraordinary item - 40.38 - 40.3812 Net Profit for the period 217.64 231.09 694.33 617.3413 Paid-up equity share capital (Face value of equity share of ` 2 each) 128.30 128.30 128.30 128.3014 Reserves (excluding Revaluation Reserve) 2161.51 1622.00
AUDITED STANDALONE FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011
Sr Particulars Quarter ended Year endedNo. 31.03.2011 31.03.2010 31.03.2011 31.03.201015 Earnings Per Share (EPS) (a) Basic and diluted EPS before Extraordinary item (`) 3.39 2.97 10.82 8.99 (b) Basic and diluted EPS after Extraordinary item (`). 3.39 3.60 10.82 9.6216 Public shareholding * 37896489 37896489 37896489 37896489 - Number of shares 5 5 5 5 - Percentage of shareholding 59.08 59.08 59.08 59.0817 Promoters and promoter group Shareholdings a) Pledged / Encumbered - Number of shares. 10945500 15031625 10945500 15031625 - Percentage of shares 4.17 5.73 4.17 5.73 (as a percentage of the total shareholding of promoter and promoter group) - Percentage of shares 1.71 2.34 1.71 2.34 (as a percentage of the total share capital of the company) b) Non-encumbered 25158114 24749501 25158114 24749501 - Number of shares 1 6 1 6 - Percentage of shares 95.83 94.27
95.83 94.27
(as a percentage of the total
shareholding of promoter and
promoter group)
- Percentage of shares 39.21 38.58
39.21 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.
STANDALONE SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE YEAR ENDED 31ST MARCH, 2011
` in croreSr Particulars Quarter ended Year endedNo. 31.03.2011 31.03.2010 31.03.2011 31.03.2010
1. Segment Revenue (net of excise duty):
(a) Power Systems 819.39 828.55 2554.24 2510.26 (b) Consumer Products 550.81 460.40 2021.17 1611.98 (c) Industrial Systems 401.57 336.75 1406.63 1174.41 (d) Others 2.69 5.51 17.10 24.97 Total 1774.46 1631.21 5999.14 5321.62 Less: Inter Segment Revenue 9.27 13.00 47.67 37.63 Net Sales / Income from operations 1765.19 1618.21 5951.47 5283.99
2. Segment Results:
[Profit / (Loss) before tax and interest from each segment] (a) Power Systems 147.92 161.19 460.18 462.17 (b) Consumer Products 78.86 67.10 292.81 229.86 (c) Industrial Systems 64.21 78.00 262.59 259.98 (d) Others 0.72 0.31 2.95 1.01 Total 291.71 306.60 1018.53 953.02 Less: (i) Interest (net) 2.99 3.77 3.99 4.35 (ii) Other un-allocable expenditure Net of un-allocable income 27.40 15.15 87.53 78.41 Profit from Ordinary Activities before tax 261.32 287.68 927.01 870.26
3. Capital Employed:
(Segment Assets - Segment Liabilities) (a) Power Systems 671.63 498.46 671.63 498.46 (b) Consumer Products 80.56 51.03 80.56 51.03 (c) Industrial Systems 333.59 187.54 333.59 187.54 (d) Others 1305.22 1137.89 1305.22 1137.89 Total 2391.00 1874.92 2391.00 1874.92
Statement of Assets and Liabilities
` in crore As at As atParticulars 31.03.2011 31.03.2010 Shareholders' Fundsa) Share capital 128.30 128.30b) Reserves and surplus 2175.78 1636.42 Loan Fundsa) Secured Loans 8.23 13.82b) Unsecured Loans 5.17 12.96 Deferred tax liabilities (Net) 73.52 83.42 Total 2391.00 1874.92 Fixed Assets 922.99 566.84 Investments 781.64 688.06 Current Assets, Loans and Advancesa) Inventories 405.72 303.53b) Sundry debtors 1510.18 1212.79c) Cash and bank balances 150.89 548.50d) Other current assets 0.86 1.00d) Loans and advances 317.34 154.37 2384.99 2220.19Less: Current Liabilities and Provisionsa) Liabilities 1529.34 1446.60b) Provisions 169.28 153.57 1698.62 1600.17 Net current assets 686.37 620.02 Total 2391.00 1874.92
Notes on standalone financial results:
1.The above audited financial results have been reviewed by the Audit Committee
at its meeting held on 27th April, 2011 and approved by the Board of Directors
at its meeting held on 28th April, 2011.
2.The Company has, during the year, declared interim dividends totaling ` 2.20
(Rupees two and paisa twenty only) per share of ` 2 each.
3.The Company has received and satisfactorily resolved two investor complaints
during the quarter. No complaints were pending at the beginning and at the end
of the quarter.
4.Figures of the previous period / year have been regrouped and reclassified,
wherever necessary.
Notice is hereby given pursuant to section 154 of the Companies Act ,1956 that
the Register of Members and Share Transfer Books will be closed from Wednesday
13th July, 2011 to Tuesday 19th July, 2011 (both days inclusive), in view of
the forthcoming Annual General Meeting.
For Crompton Greaves LimitedPlace: Mumbai S. M. TrehanDate: 28th April, 2011 Managing Director
AUDITED CONSOLIDATED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011
` ` in croreSr Particulars Quarter ended Year endedNo. 31.03.2011 31.03.2010 31.03.2011 31.03.20101 Sales / Income from Operations 2998.81 2583.99
10331.35 9375.50
Less: Excise duty 90.78 76.10 326.24 234.632 Net Sales / Income from Operations 2908.03 2507.89 10005.11 9140.873 Expenditure
(a) (Increase) / decrease in stock
in trade and work in progress 14.82 102.47
(95.57) 22.47
(b) Consumption of raw
materials 1495.02 1198.91
5174.24 4624.03
(c) Purchase of traded goods 387.37 276.78
1190.19 945.81
(d) Employees cost 271.91 262.09
1181.14 1113.14
(e) Depreciation and amortisation 59.67 39.70
193.63 155.09 (f) Other expenditure 365.83 264.98 1211.33 1158.47 Total Expenditure 2594.62 2144.93 8854.96 8019.014 Profit from Operations before Other Income and Interest 313.41 362.96 1150.15 1121.865 Other income 46.80 32.94 99.91 93.686 Profit before Interest 360.21 395.90 1250.06 1215.547 Interest (net) 7.22 11.91 20.93 26.49 Profit from Ordinary Activities8 before tax 352.99 383.99 1229.13 1189.059 Provision for taxation (a) Current tax 54.50 89.78 293.11 313.72 (b) Deferred tax 13.82 24.03 16.88 51.27 Total Tax Expenses 68.32 113.81 309.99 364.9910 Net Profit from Ordinary Activities
after tax before minority interest
and share of profit / (loss) in
associate companies 284.67 270.18 919.14 824.06 11 Minority interest (0.21) (0.16) (0.37) (2.55)12 Share of profit in associates 5.09 1.28 8.02 3.1513 Net Profit from Ordinary Activities
after tax, minority interest and share
of profit / (loss) in associate
companies 289.55 271.30 926.79 824.66 14 Extraordinary items (38.12) 35.21 (38.12) 35.2115 Net profit for the period 251.43 306.51 888.67 859.8716 Paid-up Equity Share Capital 128.30 128.30
128.30 128.30
(Face value of equity share of ` 2 each)17 Reserves ( excluding Revaluation Reserve) 3132.11 2361.5618 Earnings Per Share (EPS)
(a) Basic and diluted EPS before
Extraordinary items (`) 4.51 4.23
14.45 12.86
(b) Basic and diluted EPS after
Extraordinary items (`) 3.92 4.78 13.85 13.40
CONSOLIDATED SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE YEAR ENDED 31ST MARCH, 2011
` in croreSr Particulars Quarter ended Year endedNo. 31.03.2011 31.03.2010 31.03.2011 31.03.2010
1. Segment Revenue (net of excise duty):
(a) Power Systems 1923.45 1683.84 6502.85 6204.46 (b) Consumer Products 550.81 460.40 2021.17 1611.98 (c) Industrial Systems 434.55 347.56 1497.09 1258.65 (d) Others 8.49 29.09 31.67 103.41 Total 2917.30 2520.89 10052.78 9178.50
Less: Inter Segment Revenue 9.27 13.00
47.67 37.63
Net Sales / Income from operations 2908.03 2507.89 10005.11 9140.87 2. Segment Results:
[Profit / (Loss) before tax and interest
from each segment] (a) Power Systems 257.04 249.49 806.84 769.35 (b) Consumer Products 78.86 67.10 292.81 229.86 (c) Industrial Systems 64.89 88.86 264.20 275.98 (d) Others (13.18) 1.94 (25.06) 15.10 Total 387.61 407.39 1338.79 1290.29 Less: (i) Interest (net) 7.22 11.91 20.93 26.49
(ii) Other un-allocable expenditure
net of un-allocable income 27.40 11.49
88.73 74.75
Profit from Ordinary Activities
before tax 352.99 383.99 1229.13 1189.053. Capital Employed:
(Segment Assets - Segment Liabilities)
(a) Power Systems 2158.69 1678.20 2158.69 1678.20 (b) Consumer Products 80.56 51.03 80.56 51.03 (c) Industrial Systems 420.35 229.93 420.35 229.93 (d) Others 1117.12 1055.30 1117.12 1055.30 Total 3776.72 3014.46 3776.72 3014.46
STATEMENT OF CONSOLIDATED ASSETS AND LIABILITIES
` in croreParticulars As at 31.03.2011 As at 31.03.2010 Shareholders' fundsa) Share capital 128.30 128.30b) Reserves and surplus 3146.38 2375.98 Minority Interest 15.72 4.30 Loan Fundsa) Secured Loans 455.44 476.57b) Unsecured Loans 14.87 24.38 Deferred tax liabilities 124.43 94.53 Total 3885.14 3104.06 Fixed Assets 1941.66 1376.02 Investments 674.71 553.57 Deferred tax assets 108.42 89.60 Current aseets, loans and advancesa) Inventories 1189.25 1019.37b) Sundry debtors 2542.72 2146.27c) Cash and bank balances 298.40 668.82e) Other current assets 51.49 22.89d) Loans and advances 467.73 244.49 4549.59 4101.84 Less: Current liabilities and provisionsa) Current liabilities 2959.46 2656.72b) Provisions 429.78 360.25 3389.24 3016.97 Net current assets 1160.35 1084.87 Total 3885.14 3104.06
Notes on consolidated financial results:
1.The above audited financial results have been reviewed by the Audit Committee
at its meeting held on 27th April, 2011 and approved by the Board of Directors
at its meeting held on 28th April, 2011.
2.Extraordinary item of ` 38.12 crore represents claim by a customer for supply
of products, prior to the acquisition of the concerned company by Crompton
Greaves Limited, which has been awarded in favour of the customer in the
Arbitration. The Company has appealed against the award in the court of
cessation in Bahrain and is confident of winning the same. However, as a
matter of abundant precaution, the said amount has been provided for in the
financial statements. (Previous year profit on sale of investment in
subsidiary of ` 35.21 crore).
3.Figures of the previous periods / year have been regrouped and reclassified, wherever necessary. For Crompton Greaves LimitedPlace: Mumbai S. M. TrehanDate: 28th April, 2011 Managing Director
vendor