CGVD.L Regulatory News (CGVD)

SELECT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2013 Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2013 30.06.2013 30.09.2012 30.09.2013 30.09.2012 31.03.2013 A PARTICULARS OF SHAREHOLDING1 Public shareholding* - Number of shares 362249121 374040466 374040466 362249121 374040466 374040466 - Percentage of shareholding 57.53 58.31 58.31 57.53 58.31 58.312 Promoters and Promoter Group Shareholding (a) Pledged / Encumbered - Number of shares 182553500 71638500 92732000 182553500 92732000 164697000 - Percentage of shares 68.26 64.18 34.67 68.26 34.67 61.58 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 28.99 26.76 14.46 28.99 14.46 25.67 (as a % of the total share capital of the Company) (b) Non-encumbered - Number of shares 84897570 95812570 174719070 84897570 174719070 102754070 - Percentage of shares 31.74 35.82 65.33 31.74 65.33 38.42 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 13.48 14.93 27.23 13.48 27.23 16.02 (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 30.09.2013 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 Nil quarterPART IISELECT INFORMATION FOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2013 Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2013 30.06.2013 30.09.2012 30.09.2013 30.09.2012 31.03.2013 A PARTICULARS OF SHAREHOLDING1 Public shareholding* - Number of shares 362249121 374040466 374040466 362249121 374040466 374040466 - Percentage of shareholding 57.53 58.31 58.31 57.53 58.31 58.312 Promoters and Promoter Group Shareholding (a) Pledged / Encumbered - Number of shares 182553500 171638500 92732000 182553500 92732000 164697000 - Percentage of shares 68.26 64.18 34.67 68.26 34.67 61.58 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 28.99 26.76 14.46 28.99 14.46 25.67 (as a % of the total share capital of the Company) (b) Non-encumbered - Number of shares 84897570 95812570 174719070 84897570 174719070 102754070 - Percentage of shares 31.74 35.82 65.33 31.74 65.33 38.42 (as a % of the total shareholding of promoter and promoter group) - Percentage of shares 13.48 14.93 27.23 13.48 27.23 16.02 (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 30.09.2013 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 Nil quarter STANDALONE SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYEDFOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2013 (₹ in crore)Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2013 30.06.2013 30.09.2012 30.09.2013 30.09.2012 31.03.2013 Unaudited Unaudited Unaudited Unaudited Unaudited Audited1. Segment Revenue (net of excise duty): (a) Power Systems 666.71 564.76 623.59 1231.47 1218.42 2724.71 (b) Consumer Products 659.19 788.53 584.39 1447.72 1238.09 2592.71 (c) Industrial Systems 361.68 370.34 389.21 732.02 727.80 1499.44 (d) Others 90.46 110.10 91.21 200.56 176.95 376.79 Total 1778.04 1833.73 1688.40 3611.77 3361.26 7193.65 Less: Inter-Segment Revenue 12.19 14.31 18.19 26.50 31.88 58.35 Total income from operations (net) 1765.85 1819.42 1670.21 3585.27 3329.38 7135.302. Segment Results: [Profit / (loss) before tax and finance costs from each segment] (a) Power Systems 62.42 45.89 61.69 108.31 118.15 230.61 (b) Consumer Products 76.88 93.98 55.68 170.86 140.71 278.07 (c) Industrial Systems 37.92 42.48 60.13 80.40 103.11 213.00 (d) Others 2.74 (4.40) 6.46 (1.66) 10.26 10.62 Total 179.96 177.95 183.96 357.91 372.23 732.30 Less: (i) Finance costs (net) (10.70) (6.60) (5.93) (17.30) (8.33) (20.20) (ii) Other un-allocable expenditure net of un-allocable income 13.13 16.91 39.78 30.04 68.67 156.48 Profit from ordinary activities before tax 177.53 167.64 150.11 345.17 311.89 596.023. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 845.21 948.43 924.57 845.21 924.57 780.45 (b) Consumer Products 102.22 108.90 67.01 102.22 67.01 110.33 (c) Industrial Systems 378.17 390.90 429.02 378.17 429.02 391.83 (d) Others 114.34 96.32 38.37 114.34 38.37 67.49 (e) Unallocable 1868.82 1721.29 1463.78 1868.82 1463.78 1770.64 Total 3308.76 3265.84 2922.75 3308.76 2922.75 3120.74 STANDALONE STATEMENT OF ASSETS AND LIABILITIES (` in crore)Particulars As at 30.09.2013 As at 31.03.2013 Unaudited AuditedA EQUITY AND LIABILITIES 1 Shareholders' funds: (a) Share capital 125.94 128.30 (b) Reserves and surplus 3063.36 2928.55 Sub-total - Shareholders' funds 3189.30 3056.85 2 Non-current liabilities: (a) Long-term borrowings 0.75 0.75 (b) Deferred tax liabilities (net) 55.66 49.83 (c) Other long-term liabilities 25.35 27.33 (d) Long-term provisions 41.78 38.09 Sub-total - Non-current liabilities 123.54 116.00 3 Current liabilities: (a) Short-term borrowings 62.67 12.93 (b) Trade payables 1453.33 1514.31 (c) Other current liabilities 481.86 421.66 (d) Short-term provisions 148.97 147.87 Sub-total - Current liabilities 2146.83 2096.77 TOTAL - EQUITY AND LIABILITIES 5459.67 5269.62 B ASSETS 1 Non-current assets: (a) Fixed assets 800.23 775.26 (b) Non current investments 554.58 554.58 (c) Long-term loans and advances 19.58 18.10 Sub-total - Non-current assets 1374.39 1347.94 2 Current assets: (a) Current investments 201.66 500.46 (b) Inventories 576.22 548.50 (c) Trade receivables 1778.83 1840.62 (d) Cash and bank balances 476.49 288.79 (e) Short-term loans and advances 983.95 693.57 (f) Other current assets 68.13 49.74 Sub-total - Current assets 4085.28 3921.68 TOTAL - ASSETS 5459.67 5269.62 Notes on standalone unaudited financial results: 1. The above standalone unaudited financial results have been reviewed by theAudit Committee at its meeting held on 7th November, 2013 and approved by theBoard of Directors at its meeting held on 8th November, 2013. The statutoryauditors have carried out a limited review of the financial results of theCompany as required under Clause 41 of the Listing Agreement and the relatedreport is being forwarded to the Stock Exchanges. 2. The Company, during the quarter, has bought and extinguished 11791345equity shares under the Buy-back Scheme at a cost of ` 97.41 crore and hasbeen reduced from securities premium account. A sum of ` 2.36 crorerepresenting the face value of such shares has been decreased from the sharecapital and transferred to capital redemption reserve. 3. The Company has declared an interim dividend of ` 0.40 per share on629,700,191 Equity Shares of ` 2 each for the financial year 2013-14. 4. Figures of the previous quarters / year have been regrouped andreclassified, wherever necessary. Notice is hereby given pursuant to Section 154 of the CompaniesAct, 1956 that the record date for the interim dividend will be Friday, 15thNovember, 2013 and the date for payment will be Monday, 25th November, 2013. For Crompton Greaves Limited Place: Mumbai Laurent DemortierDate: 8th November, 2013 CEO & Managing Director 5/9 STATEMENT OF CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND SIX MONTHSENDED 30TH SEPTEMBER, 2013 (` in crore)Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2013 30.06.2013 30.09.2012 30.09.2013 30.09.2012 31.03.2013 Unaudited Unaudited Unaudited Unaudited Unaudited Audited1 Income from operations (a) Net Sales / Income from operations 3204.91 3157.22 2924.17 6362.13 5735.31 12094.44 (Net of excise duty) (b) Other operating income - - - - - - Total income from operations (net) 3204.91 3157.22 2924.17 6362.13 5735.31 12094.442 Expenses (a) Cost of materials consumed 1751.10 1789.10 1640.36 3540.20 3391.87 6785.53 (b) Purchases of stock-in-trade 452.13 542.75 384.41 994.88 805.73 1811.80 (c) Changes in inventories of finished goods, work-in-progress (7.77) (133.23) (53.38) (141.00) (350.61) (251.26) and stock-in-trade (d) Employee benefits expense 488.80 448.91 441.96 937.71 862.83 1740.49 (e) Depreciation and amortisation expense 66.19 52.73 54.43 118.92 101.04 202.92 (f) Other expenses 359.35 364.93 374.34 724.28 722.26 1624.72 Total expenses 3109.80 3065.19 2842.12 6174.99 5533.12 11914.203 Profit from operations before other income, finance costs and exceptional 95.11 92.03 82.05 187.14 202.19 180.24 items4 Other income 32.57 35.32 20.76 67.89 39.95 75.445 Profit from ordinary activities before 127.68 127.35 102.81 255.03 242.14 255.68 finance costs and exceptional items6 Finance costs (net) 19.33 20.14 18.96 39.47 28.85 70.937 Profit from ordinary activities after 108.35 107.21 83.85 215.56 213.29 184.75 finance costs but before exceptional items8 Exceptional items - - - - - (120.71)9 Profit from ordinary activities before tax 108.35 107.21 83.85 215.56 213.29 64.0410 Tax expense 50.58 46.38 41.38 96.96 85.88 100.9111 Net profit / (loss) from ordinary activities 57.77 60.83 42.47 118.60 127.41 (36.87) after tax12 Extraordinary items (net of tax expense ₹ - - - - - - Nil)13 Net profit / (loss) for the period / year 57.77 60.83 42.47 118.60 127.41 (36.87)14 Share of profit / (loss) in associates (net) 1.49 (1.76) (0.95) (0.27) (0.01) (0.39)15 Minority interest (0.85) 1.01 0.53 0.16 0.55 1.1216 Net profit / (loss) after taxes,minority 58.41 60.08 42.05 118.49 127.95 (36.14) interest and share of profit / (loss) of associates (net)17 Paid-up equity share capital 125.94 128.30 128.30 125.94 128.30 128.30 (Face value of equity share of ` 2 each)18 Reserves excluding Revaluation Reserve 3402.29 as per the balance sheet of previous accounting year19 Earnings Per Share (before extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 0.92 0.94 0.65 1.86 1.99 (0.56) (b) Diluted 0.92 0.94 0.65 1.86 1.99 (0.56) Earnings Per Share (after extraordinary items) (of ` 2 each) (Not annualised) (a) Basic 0.92 0.94 0.65 1.86 1.99 (0.56) (b) Diluted 0.92 0.94 0.65 1.86 1.99 (0.56) CONSOLIDATED SEGMENT-WISE REVENUE, RESULTS AND CAPITAL EMPLOYEDFOR THE QUARTER AND SIX MONTHS ENDED 30TH SEPTEMBER, 2013 (` in crore)Sr. Particulars Quarter ended Six months ended PreviousNo. year ended 30.09.2013 30.06.2013 30.09.2012 30.09.2013 30.09.2012 31.03.2013 Unaudited Unaudited Unaudited Unaudited Unaudited Audited1. Segment Revenue (net of excise duty): (a) Power Systems 2026.49 1817.97 1781.91 3844.46 3458.21 7335.86 (b) Consumer Products 659.19 788.53 584.39 1447.72 1238.09 2592.71 (c) Industrial Systems 438.00 452.05 481.58 890.05 886.63 1834.58 (d) Others 93.42 112.98 94.48 206.40 184.26 389.64 Total 3217.10 3171.53 2942.36 6388.63 5767.19 12152.79 Less: Inter-Segment Revenue 12.19 14.31 18.19 26.50 31.88 58.35 Total income from operations (net) 3204.91 3157.22 2924.17 6362.13 5735.31 12094.442. Segment Results: [Profit / (loss) before tax and finance costs from each segment] (a) Power Systems 40.81 27.23 10.00 68.04 52.78 (110.41) (b) Consumer Products 76.88 93.98 55.68 170.86 140.71 278.07 (c) Industrial Systems 33.49 38.57 70.30 72.06 106.77 213.58 (d) Others 2.63 (4.00) 6.61 (1.37) 10.55 11.56 Total 153.81 155.78 142.59 309.59 310.81 392.80 Less: (i) Finance costs (net) 19.33 20.14 18.96 39.47 28.85 70.93 (ii) Other un-allocable expenditure net of un-allocable income 26.13 28.43 39.78 54.56 68.67 137.12 Profit / (loss) from ordinary 108.35 107.21 83.85 215.56 213.29 184.75 activities before exceptional items and tax3. Capital Employed: (Segment Assets - Segment Liabilities) (a) Power Systems 3919.40 3905.11 3706.13 3919.40 3706.13 3382.43 (b) Consumer Products 102.22 108.90 67.01 102.22 67.01 110.33 (c) Industrial Systems 975.66 899.84 845.87 975.66 845.87 866.34 (d) Others 135.72 119.18 61.02 135.72 61.02 89.54 (e) Unallocable 852.98 782.41 646.12 852.98 646.12 983.62 Total 5985.98 5815.44 5326.15 5985.98 5326.15 5432.26 CONSOLIDATED STATEMENT OF ASSETS AND LIABILITIES (` in crore) Particulars As at As at 30.09.2013 31.03.2013 Unaudited AuditedA EQUITY AND LIABILITIES 1 Shareholders' Funds: (a) Share capital 125.94 128.30 (b) Reserves and surplus 3558.83 3433.22 Sub-total-Shareholders' funds 3684.77 3561.52 2 Minority Interest 12.53 9.48 3 Non-current Liabilities: (a) Long-term borrowings 1816.83 1555.01 (b) Deferred tax liabilities 162.41 146.86 (c) Other long-term liabilities 87.42 144.59 (d) Long-term provisions 80.70 73.78 Sub-total-Non-current liabilities 2147.36 1920.24 4 Current Liabilities: (a) Short-term borrowings 473.78 296.47 (b) Trade payables 2740.42 2461.83 (c) Other current liabilities 1856.64 1554.78 (d) Short-term provisions 345.51 348.46 Sub-total-Current liabilities 5416.35 4661.54 TOTAL - EQUITY AND LIABILITIES 11261.01 10152.78 B ASSETS 1 Non-current Assets: (a) Fixed assets 2361.69 2087.14 (b) Goodwill on consolidation 1190.11 979.17 (c) Non current investments 289.49 290.08 (d) Deferred tax assets 377.92 314.95 (e) Long-term loans and advances 26.96 24.62 Sub-total - Non-current assets 4246.17 3695.96 2 Current Assets: (a) Current investments 201.89 500.71 (b) Inventories 1849.50 1636.72 (c) Trade receivables 3440.40 3160.47 (d) Cash and bank balances 757.36 583.36 (e) Short-term loans and advances 437.25 357.13 (f) Other current assets 328.44 218.43 Sub-total - Current assets 7014.84 6456.82 TOTAL - ASSETS 11261.01 10152.78 Notes on consolidated unaudited financial results: 1. The above consolidated unaudited financial results have been reviewed bythe Audit Committee at its meeting held on 7th November, 2013 and approved bythe Board of Directors at its meeting held on 8th November, 2013. 2. Figures of the previous quarters / year have been regrouped andreclassified, wherever necessary. For Crompton Greaves Limited Place: Mumbai Laurent DemortierDate: 8th November, 2013 CEO & Managing Director

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