CGVD.L Regulatory News (CGVD)

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2014 (₹ in crore)Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 31.03.2014 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income from operations (a) Net sales / Income from operations 1923.48 1904.69 1786.74 3828.17 3627.42 7570.70 (Net of excise duty) (b) Other operating income - - - - - - Total income from operations (net) 1923.48 1904.69 1786.74 3828.17 3627.42 7570.70 2 Expenses (a) Cost of materials consumed 908.77 839.14 827.14 1747.91 1705.70 3617.52 (b) Purchases of stock-in-trade 497.21 582.93 452.13 1080.14 994.88 1993.21 � Changes in inventories of finished goods, work-in-progress and stock-in-trade 3.23 (18.79) 38.03 (15.56) (13.64) (12.77) (d) Employee benefits expense 130.28 131.97 115.62 262.25 229.06 476.36 (e) Depreciation and amortisation expense 23.96 23.89 21.69 47.85 42.87 89.35 (f) Other expenses 217.01 198.40 194.81 415.41 400.02 830.54 Total expenses 1780.46 1757.54 1649.42 3538.00 3358.89 6994.21 3 Profit from operations before other income, finance costs and exceptional items 143.02 147.15 137.32 290.17 268.53 576.49 4 Other income 28.82 20.25 29.51 49.07 59.34 113.94 5 Profit from ordinary activities before finance costs and exceptional items 171.84 167.40 166.83 339.24 327.87 690.43 6 Finance costs (net) (3.84) (4.20) (10.70) (8.04) (17.30) (22.02) 7 Profit from ordinary activities after finance costs but before exceptional items 175.68 171.60 177.53 347.28 345.17 712.45 8 Exceptional items - - - - - - 9 Profit from ordinary 175.68 171.60 177.53 347.28 345.17 712.45 activities before tax10 Tax expense 49.72 45.04 42.73 94.76 85.74 191.3611 Net profit from ordinary 125.96 126.56 134.80 252.52 259.43 521.09 activities after tax12 Extraordinary items - - - - - (net of tax expense ₹ Nil) -13 Net profit for the 125.96 126.56 134.80 252.52 259.43 521.09 period / year14 Paid-up equity share capital 125.35 125.35 125.94 125.35 125.94 125.35 (Face value of equity share of ` 2 each)15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year 3217.1016 Earnings Per Share (before extraordinary items) (of ₹2 each) (Not annualised) (a) Basic 2.01 2.02 2.12 4.03 4.06 8.23 (b) Diluted 2.01 2.02 2.12 4.03 4.06 8.23 Earnings Per Share (after extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 2.01 2.02 2.12 4.03 4.06 8.23 (b) Diluted 2.01 2.02 2.12 4.03 4.06 8.23 PART II SELECT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2014 Sr. Particulars Quarter ended Half year ended PreviousNo. year ended 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 31.03.2014 A PARTICULARS OF SHAREHOLDING 1 Public shareholding* - Number of shares 359295072 359295072 362249121 359295072 362249121 359295072 - Percentage of shareholding 57.33 57.33 57.53 57.33 57.53 57.33 2 Promoters and Promoter Group Shareholding (a) Pledged / Encumbered - Number of shares 164257000 158413400 182553500 164257000 182553500 153637930 - Percentage of shares 61.42 59.23 68.26 61.42 68.26 57.45 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 26.21 25.27 28.99 26.21 28.99 24.51 (as a % of the total share capital of the Company) (b) Non-encumbered - Number of shares 103194070 109037670 84897570 103194070 84897570 113813140 - Percentage of shares 38.58 40.77 31.74 38.58 31.74 42.55 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 16.46 17.40 13.48 16.46 13.48 18.16 (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 endedB INVESTOR COMPLAINTS 30.09.2014 Pending at the beginning of the quarter Nil Received during the quarter 2 Disposed of during the quarter 2 Remaining unresolved at the end of the quarter Nil STANDALONE STATEMENT OF ASSETS AND LIABILITIES (` in crore) Particulars As at 30.09.2014 As at 31.03.2014 Unaudited Audited A EQUITY AND LIABILITIES 1 Shareholders' funds: (a) Share capital 125.35 125.35 (b) Reserves and surplus 3451.69 3230.72 Sub-total - Shareholders' funds 3577.04 3356.07 2 Non-current liabilities: (a) Long-term borrowings 0.54 0.54 (b) Deferred tax liabilities (net) 80.80 73.59 (c) Other long-term liabilities 26.64 28.03 (d) Long-term provisions 45.14 41.91 Sub-total - Non-current liabilities 153.12 144.07 3 Current liabilities: (a) Short-term borrowings 30.91 29.99 (b) Trade payables 1406.94 1563.07 (c) Other current liabilities 387.56 362.95 (d) Short-term provisions 130.16 130.30 Sub-total - Current liabilities 1955.57 2086.31 TOTAL - EQUITY AND LIABILITIES 5685.73 5586.45 B ASSETS 1 Non-current assets: (a) Fixed assets 809.66 822.63 (b) Non current investments 818.14 805.71 (c) Long-term loans and advances 49.31 42.67 Sub-total - Non-current assets 1677.11 1671.01 2 Current assets: (a) Current investments 0.77 20.63 (b) Inventories 560.51 557.78 (c) Trade receivables 2074.26 1907.92 (d) Cash and bank balances 324.28 442.80 (e) Short-term loans and advances 982.07 919.22 (f) Other current assets 66.73 67.09 Sub-total - Current assets 4008.62 3915.44 TOTAL - ASSETS 5685.73 5586.45 Notes on standalone financial results: 1. The above unaudited standalone financial results have been reviewed by theAudit Committee and approved by the Board of Directors at its meeting held on16th October, 2014. The statutory auditors have carried out a limited reviewof the financials of the Company as required under Clause 41 of the ListingAgreement and the related report is being forwarded to the Stock Exchanges. 2. The Board of Directors at its meeting held on 16th October, 2014 hasapproved the Scheme of demerger of the Consumer Products Business Unit of theCompany into CG's wholly owned subsidiary Crompton Consumer Products Limited(CCPL) as recommended by the Committee of Directors constituted for thepurpose. The proposed Scheme will come into effect from the Appointed Date,1st April, 2015, subject to receipt of all Regulatory approvals. Upon theimplementation of the proposed scheme, CG will hold 25% + 1 share in CCPL andthe balance will be held directly by the shareholders of Crompton GreavesLimited. 3. The Board of Directors has also approved entering into a definitiveagreement for sale of a portion of its land at Kanjurmarg, Mumbai admeasuringapproximately 8 acres for an aggregate sum of ` 302.26 crore. 4. The Company has declared an interim dividend of ` 0.40 per share on626,746,142 Equity Shares of ` 2 each for the financial year 2014-15. 5. Figures of the previous quarters / year have been regrouped andreclassified, wherever necessary. Notice is hereby given pursuant to Section 91 of the Companies Act,2013 that the record date for the interim dividend will be Monday, 27thOctober, 2014 and the date for payment will be Wednesday, 5th November, 2014. For Crompton Greaves Limited Place: New Delhi Laurent Demortier Date: 16th October, 2014 CEO & Managing Director STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2014 (` in crore)Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 31.03.2014 Unaudited Unaudited Unaudited Unaudited Unaudited Audited 1 Income from operations (a) Net Sales / Income from operations 3430.32 3441.54 3241.35 6871.86 6436.14 13631.53 (Net of excise duty) (b) Other operating income - - - - - - Total income from operations (net) 3430.32 3441.54 3241.35 6871.86 6436.14 13631.53 2 Expenses (a) Cost of materials consumed 1781.04 1691.54 1745.37 3472.58 3534.47 7193.12 (b) Purchases of stock-in-trade 497.21 582.93 452.13 1080.14 994.88 1993.21 � Changes in inventories of finished goods, work-in-progress and stock-in-trade 62.91 37.65 (7.77) 100.56 (141.00) (51.07) (d) Employee benefits expense 486.77 507.12 489.19 993.89 938.37 1952.06 (e) Depreciation and amortisation expense 66.11 67.05 66.19 133.16 118.92 262.14 (f) Other expenses 434.00 449.52 401.13 883.52 803.36 1862.24 Total expenses 3328.04 3335.81 3146.24 6663.85 6249.00 13211.70 3 Profit from operations before other income, finance costs and exceptional items 102.28 105.73 95.11 208.01 187.14 419.83 4 Other income 45.47 38.57 32.57 84.04 67.89 171.55 5 Profit from ordinary activities before finance costs and exceptional items 147.75 144.30 127.68 292.05 255.03 591.38 6 Finance costs (net) 22.54 24.46 19.33 47.00 39.47 96.66 7 Profit from ordinary activities after finance costs but before exceptional items 125.21 119.84 108.35 245.05 215.56 494.72 8 Exceptional items - - - - - - 9 Profit from ordinary activities before tax 125.21 119.84 108.35 245.05 215.56 494.7210 Tax expense 56.98 54.96 50.58 111.94 96.96 236.0511 Net profit / (loss) from ordinary activities after tax 68.23 64.88 57.77 133.11 118.60 258.6712 Extraordinary items (net of tax expense ₹ Nil) - - - - - -13 Net profit / (loss) for the period / year 68.23 64.88 57.77 133.11 118.60 258.6714 Share of profit / (loss) in associates (net) 1.42 (0.80) 1.49 0.62 (0.27) (15.02)15 Minority interest (0.06) (0.06) (0.85) (0.12) 0.16 0.6816 Net profit / (loss) after taxes,minority interest and share of profit / (loss) of associates (net) 69.59 64.02 58.41 133.61 118.49 244.3317 Paid-up equity share capital 125.35 125.35 125.94 125.35 125.94 125.35 (Face value of equity share of ` 2 each)18 Reserves excluding Revaluation Reserve as per the balance sheet of previous accounting year 3489.3119 Earnings Per Share (before extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 1.11 1.02 0.92 2.13 1.86 3.86 (b) Diluted 1.11 1.02 0.92 2.13 1.86 3.86 Earnings Per Share (after extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 1.11 1.02 0.92 2.13 1.86 3.86 (b) Diluted 1.11 1.02 0.92 2.13 1.86 3.86 CONSOLIDATED SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2014 ` in croreSr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 31.03.2014 Unaudited Unaudited Unaudited Unaudited Unaudited Audited1. Segment Revenue (net of excise duty): (a) Power Systems 2137.81 2019.27 2040.87 4157.08 3870.33 8536.11 (b) Consumer Products 743.09 861.07 672.11 1604.16 1476.68 2898.50 (c) Industrial Systems 461.79 452.59 447.14 914.38 909.23 1857.38 (d) Others 97.16 121.20 93.42 218.36 206.40 394.19 Total 3439.85 3454.13 3253.54 6893.98 6462.64 13686.18 Less: Inter-Segment Revenue 9.53 12.59 12.19 22.12 26.50 54.65 Total income from operations (net) 3430.32 3441.54 3241.35 6871.86 6436.14 13631.532. Segment Results: [Profit / (loss) before tax and finance costs from each segment] (a) Power Systems 47.75 35.64 40.81 83.39 68.04 234.08 (b) Consumer Products 88.85 108.71 76.88 197.56 170.86 337.46 (c) Industrial Systems 42.30 30.81 33.49 73.11 72.06 128.24 (d) Others (4.25) (3.95) 2.63 (8.20) (1.37) 2.31 Total 174.65 171.21 153.81 345.86 309.59 702.09 Less: (i) Finance costs (net) 22.54 24.46 19.33 47.00 39.47 96.66 (ii) Other un-allocable expenditure net of un-allocable income 26.90 26.91 26.13 53.81 54.56 110.71 Profit / (loss) from ordinary activities before exceptional items and tax 125.21 119.84 108.35 245.05 215.56 494.723. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 4581.18 3999.12 3919.40 4581.18 3919.40 3898.51 (b) Consumer Products 101.02 88.49 102.22 101.02 102.22 121.16 (c) Industrial Systems 915.50 940.87 975.66 915.50 975.66 950.96 (d) Others 262.07 243.66 135.72 262.07 135.72 211.72 (e) Unallocable 653.87 701.52 852.98 653.87 852.98 716.78 Total 6513.64 5973.66 5985.98 6513.64 5985.98 5899.13 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (` in crore) Particulars As at 30.09.2014 As at 31.03.2014 Unaudited Audited A EQUITY AND LIABILITIES 1 Shareholders' Funds: (a) Share capital 125.35 125.35 (b) Reserves and surplus 3646.21 3519.21 Sub-total-Shareholders' funds 3771.56 3644.56 2 Minority Interest 23.14 11.75 3 Non-current Liabilities: (a) Long-term borrowings 1803.97 1632.25 (b) Deferred tax liabilities 194.26 187.83 (c) Other long-term liabilities 83.15 86.48 (d) Long-term provisions 64.16 73.11 Sub-total-Non-current liabilities 2145.54 1979.67 4 Current Liabilities: (a) Short-term borrowings 855.18 560.77 (b) Trade payables 2558.82 2773.73 (c) Other current liabilities 1650.17 1712.04 (d) Short-term provisions 322.32 333.33 Sub-total-Current liabilities 5386.49 5379.87 TOTAL - EQUITY AND LIABILITIES 11326.73 11015.85 B ASSETS 1 Non-current Assets: (a) Fixed assets 2236.07 2300.33 (b) Goodwill on consolidation 1096.22 1158.81 (c) Non current investments 278.86 278.00 (d) Deferred tax assets 328.72 341.00 (e) Long-term loans and advances 58.59 49.89 Sub-total - Non-current assets 3998.46 4128.03 2 Current Assets: (a) Current investments 1.05 20.89 (b) Inventories 1583.34 1671.39 (c) Trade receivables 3765.16 3591.25 (d) Cash and bank balances 957.22 814.95 (e) Short-term loans and advances 644.91 495.57 (f) Other current assets 376.59 293.77 Sub-total - Current assets 7328.27 6887.82 TOTAL - ASSETS 11326.73 11015.85 Notes on consolidated financial results: 1. The above unaudited consolidated financial results have been reviewed bythe Audit Committee and approved by the Board of Directors at its meeting heldon 16th October, 2014. 2. Figures of the previous quarters / year have been regrouped andreclassified, wherever necessary. For Crompton Greaves Limited Place: New Delhi Laurent Demortier

Date: 16th October, 2014 CEO & Managing Director