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Financials

Home > Financials > Quarterly Reports > 2004 - 2005

2004 - 2005

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF
THE QUARTER OCTOBER - DECEMBER 2004

Rs - Lakhs

S.No	Particulars	3 Months ended		Nine months ended		Year ended
S.No	Particulars	31.12.2004 (Unaudited)	31.12.2003 (Unaudited)	31.12.2004 (Unaudited)	31.12.2003 (Unaudited)	31.03.2004 (Audited)
1	Gross Sales / Income from Operations	10293	9753	31054	30365	41800
	Less: Excise Duty	1133	1036	3501	3297	4385
	Net Sales / Income from Operations	9160	8717	27553	27068	37415
2	Other Income	6	34	27	81	89
3	Total Expenditure:
	a. Increase / decrease in Stock-in-trade	(-) 229	(-) 446	(-) 944	(-) 940	--
	b. Consumption of Raw Materials	3886	3291	11272	9500	12543
	c. Stores	1038	1094	3410	3604	4705
	d. Power & Fuel	1891	1675	5766	5102	6921
	e. Staff cost	795	630	2050	1932	2542
	f. Other expenditure	1179	1237	4115	3887	5228
4	Profit before Interest, Depreciation and tax	606	1270	1911	4064	5565
5	Interest	154	302	563	1064	1302
6	Depreciation	300	285	900	855	1111
7	Profit(+) / Loss(-) before tax	152	683	448	2145	3152
8	Taxation :
	- Provision for Current tax	11	53	34	165	230
	- Transfer to Deferred tax	42	186	123	586	956
9	Net Profit (+) / Loss (-)	99	444	291	1394	1966
10	Paid-up Equity Share Capital (Face value - Rs. 10)	1125	1125	1125	1125	1125
11	Reserves, excluding Revaluation Reserves and Deferred Tax (as per Balance Sheet)					7406
12	Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)	0.88	3.95	2.59	12.39	17.48
13	Aggregate of Non-Promoter Shareholding:
	- Number of Shares	63 88 293	72 24 586	63 88 293	72 24 586	63 71 841
	- Percentage of Shareholding	56.78%	64.22%	56.78%	64.22%	56.64%

Notes:

Paper is the only segment of operation of the Company.
The profit for the quarter under review continued to be impacted by abnormal increase in prices of wood, bagasse and coal, besides shortage of wood and bagasse. During the Quarter, the Company suffered a production loss of around 1700 tonnes due to shortage of raw materials.
During the Quarter under review, the Company entered into a long term settlement with the Unions, covering payment of Salaries, Wages, Production Incentive, Bonus, etc., effective for a period of five years from April 1,2004. The arrears arising out of the said settlement, for the period April to December 2004, amounting to Rs 181.38 lakhs, has been included under Employee Cost for the Quarter October - December 2004.
The 20 MW Captive Power Project is now expected to be commissioned in February 2005, due to delay in supply of some critical items by the manufacturers and its benefits will accrue thereafter.
Figures have been re-grouped, wherever necessary, to conform to current quarter's classification.
Investor complaints :
- Pending at the beginning of the Quarter               Nil
- Received and disposed off during the Quarter        Nil
- Un-resolved at the end of the Quarter                 Nil
The above results were reviewed by the Audit Committee of the Board and taken on record by the Board of Directors at the meeting held on January 29, 2005.

(By Order of the Board)
For SESHASAYEE PAPER AND BOARDS LIMITED

N.GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : January 29, 2005

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF
THE QUARTER JULY - SEPTEMBER 2004

Rs - Lakhs

S.No	Particulars	3 Months ended		Half year ended		Year ended
S.No	Particulars	30.09.2004 (Unaudited)	30.09.2003 (Unaudited)	30.09.2004 (Unaudited)	30.09.2003 (Unaudited)	31.03.2004 (Audited)
1	Gross Sales / Income from Operations	10989	11054	20761	20612	41800
	Less: Excise Duty	1216	1147	2368	2261	4385
	Net Sales / Income from Operations	9773	9907	18393	18351	37415
2	Other Income	18	27	21	47	89
3	Total Expenditure:
	a. Increase / decrease in Stock-in-trade	(-) 60	195	(-) 715	(-) 494	--
	b. Consumption of Raw Materials	3779	3270	7386	6209	12543
	c. Stores	1153	1279	2372	2510	4705
	d. Power & Fuel	1975	1750	3875	3427	6921
	e. Staff cost	611	631	1255	1302	2542
	f. Other expenditure	1603	1419	2936	2650	5228
4	Profit before Interest, Depreciation and tax	730	1390	1305	2794	5565
5	Interest	205	364	409	762	1302
6	Depreciation	300	285	600	570	1111
7	Profit(+) / Loss(-) before tax	225	741	296	1462	3152
8	Taxation :
	- Provision for Current tax	17	56	23	112	230
	- Transfer to Deferred tax	62	203	81	400	956
9	Net Profit (+) / Loss (-)	146	482	192	950	1966
10	Paid-up Equity Share Capital (Face value - Rs. 10)	1125	1125	1125	1125	1125
11	Reserves, excluding Revaluation Reserves and Deferred Tax (as per Balance Sheet)					7406
12	Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)	1.30	4.28	1.71	8.44	17.48
13	Aggregate of Non-Promoter Shareholding:
	- Number of Shares	63 87 993	72 09 329	63 87 993	72 09 329	63 71 841
	- Percentage of Shareholding	56.78%	64.08%	56.78%	64.08%	56.64%

Notes:

Paper is the only segment of operation of the Company.
The profit for the quarter under review continued to be impacted by abnormal increase in prices of wood, bagasse and coal, besides shortage of wood and bagasse.
The 20 MW Captive Power Project, under implementation, is expected to be completed by end December 2004 and its benefits will accrue thereafter.
During the Quarter the Company did not face any problem on water availability, due to local rains and water flow in the River.
Figures have been re-grouped, wherever necessary, to conform to current quarter's classification.
In accordance with the approval given by the Members of the Company, the Company has since secured approval from Madras and Calcutta Stock Exchanges, for de-listing of the Company's Equity Shares.
Investor complaints :
- Pending at the beginning of the Quarter               Nil
- Received and disposed off during the Quarter        2
- Un-resolved at the end of the Quarter                 Nil
The above results were reviewed by the Audit Committee of the Board and taken on record by the Board of Directors at the meeting held on October 30, 2004.

(By Order of the Board)
For SESHASAYEE PAPER AND BOARDS LIMITED

N.GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : October 30, 2004

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF
THE QUARTER APRIL - JUNE 2004

Rs - Lakhs

S.No	Particulars	3 months ended	3 Months ended	Year ended
S.No	Particulars	30.06.2004 (Unaudited)	30.06.2003 (Unaudited)	31.03.2004 (Audited)
1	Gross Sales / Income from Operations	9772	9558	41800
	Less: Excise Duty	1152	1114	4385
	Net Sales / Income from Operations	8620	8444	37415
2	Other Income	3	20	89
3	Total Expenditure:
	a. Increase / decrease in Stock-in-trade	(-) 655	(-) 689	--
	b. Consumption of Raw Materials	3607	2939	12543
	c. Stores	1219	1231	4705
	d. Power & Fuel	1900	1677	6921
	e. Staff cost	644	671	2542
	f. Other expenditure	1333	1231	5228
4	Profit before Interest, Depreciation and tax	575	1404	5565
5	Interest	204	398	1302
6	Depreciation	300	285	1111
7	Profit(+) / Loss(-) before tax	71	721	3152
8	Taxation :
	- Provision for Current tax	6	56	230
	- Transfer to Deferred tax	19	197	956
9	Net Profit (+) / Loss (-)	46	468	1966
10	Paid-up Equity Share Capital (Face value - Rs. 10)	1125	1125	1125
11	Reserves, excluding Revaluation Reserves and Deferred Tax (as per Balance Sheet)			7406
12	Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)	0.41	4.16	17.48
13	Aggregate of Non-Promoter Shareholding:
	- Number of Shares	63 71 602	71 25 597	63 71 841
	- Percentage of Shareholding	56.64%	63.34%	56.64%

Notes:

Paper is the only segment of operation of the Company.
Profit for the current quarter was impacted by abnormal increase in prices of wood, bagasse and coal, besides shortage of wood and bagasse. The Company has initiated measures to minimise the said impact in coming quarters.
The 20 MW Captive Power Project, under implementation, is expected to be completed by end December 2004 and its benefits will accrue thereafter.
During the Quarter the Company did not face any problem on water availability, due to local rains and water flow in the River.
Figures have been re-grouped, wherever necessary, to conform to current quarter's classification.
Investor complaints :
- Pending at the beginning of the Quarter               Nil
- Received and disposed off during the Quarter        Nil
- Un-resolved at the end of the Quarter                 Nil
The above results were reviewed by the Audit Committee of the Board and taken on record by the Board of Directors at the meeting held on July 24, 2004.

(By Order of the Board)
For SESHASAYEE PAPER AND BOARDS LIMITED

N.GOPALARATNAM
Chairman and Managing Director

Place : Erode
Date : July 24, 2004

AUDITED FINANCIAL RESULTS FOR 2004 - 05

Rs - Lakhs

S.No	Particulars	9 Months ended	3 Months ended	3 Months ended	Year ended	Year ended
S.No	Particulars	31.12.2004 (Unaudited)	31.03.2005 (Unaudited)	31.03.2004 (Unaudited)	31.03.2005 (Audited)	31.03.2004 (Audited)
1	Gross Sales / Income from Operations	31054	12158	11435	43212	41800
	Less: Excise Duty	3501	1155	1088	4656	4385
	Net Sales / Income from Operations	27553	11003	10347	38556	37415
2	Other Income	27	20	8	47	89
3	Total Expenditure:
	a. Increase / decrease in Stock-in-trade	(-) 944	944	940	--	--
	b. Consumption of Raw Materials	11272	3714	3043	14986	12543
	c. Stores	3410	1151	1101	4561	4705
	d. Power & Fuel	5766	1976	1819	7742	6921
	e. Staff cost	2050	763	610	2813	2542
	f. Other expenditure	4115	1432	1341	5547	5228
4	Profit before Interest, Depreciation and tax	1911	1043	1501	2954	5565
5	Interest	563	103	238	666	1302
6	Depreciation	900	228	256	1128	1111
7	Profit (+) / Loss (-) before tax	448	712	1007	1160	3152
8	Taxation :
	- Provision for Current tax	34	56	65	90	230
	- Transfer to Deferred tax	123	289	370	412	956
9	Net Profit (+) / Loss (-)	291	367	572	658	1966
10	Paid-up Equity Share Capital (Face value - Rs. 10)	1125	1125	1125	1125	1125
11	Reserves, excluding Revaluation Reserves and Deferred Tax (as per Balance Sheet)				7833	7406
12	Basic and diluted EPS for the period, for the year to date and for the previous year (not to be annualised)	2.59	3.26	5.09	5.85	17.48
13	Aggregate of Non-Promoter Shareholding:
	- Number of Shares	63 88 293	63 77 672	63 71 841	63 77 672	63 71 841
	- Percentage of Shareholding	56.78%	56.69%	56.64%	56.69%	56.64%

Notes:

Paper is the only segment of operation of the Company.
The Board of Directors has recommended payment of dividend at 18% for the year 2004-05.
Investor complaints :
      - Pending at the beginning of the Quarter           Nil
      - Received and disposed off during the Quarter    Nil
      - Un-resolved at the end of the Quarter             Nil
The 20 MW Captive Power Project was successfully commissioned in March 2005.
The Profit for the year was impacted by abnormal increase in prices of wood, bagasse, imported pulp and coal, besides shortage of wood and bagasse. Further, the Company suffered a production loss of around 1700 tonnes due to shortage of raw materials.
The Company proposes to embark on a project to augment its captive pulping capacity.
As approved by the Shareholders at the Annual General Meeting held on July 25, 2003, the Company has secured approval for de-listing from Madras and Calcutta Stock Exchanges, during the year. Such approval for de-listing was obtained last year from Bangalore Stock Exchange. Now the Company's shares are listed only with The Stock Exchange, Mumbai and the National Stock Exchange of India Limited.
Figures have been re-grouped, wherever necessary, to conform to current quarter's / year's classification.
The above results were reviewed by the Audit Committee of the Board and taken on record by the Board of Directors at the meeting held on June 11, 2005.

(By Order of the Board)
For SESHASAYEE PAPER AND BOARDS LIMITED

N.GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : June 10, 2006