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Financials

Home > Financials > Quarterly Reports > 2008 - 2009

2008 - 2009

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF
THE QUARTER OCTOBER - DECEMBER 2008

Rs lakhs

Sl. No	Particulars	3 Months ended		9 months ended		Year ended
Sl. No	Particulars	31.12.2008 (Unaudited)	31.12.2007 (Unaudited)	31.12.2008 (Unaudited)	31.12.2007 (Unaudited)	31.03.2008 (Audited)
1	Gross Sales / Income from Operations	14703	13537	41044	40047	54723
	Less: Excise Duty	824	1333	2704	4055	5219
	Net Sales / Income from Operations	13879	12204	38340	35992	49504
2	Other Operating Income	8	4	25	24	101
3	Total Income	13887	12208	38365	38016	49605
4	Expenditure
	a. Increase / decrease in Stock-in-trade and Work-in-progress	218	(-) 331	(-) 813	(-) 1067	(-) 146
	b. Consumption of Raw Materials	4312	4218	13603	12881	18015
	c. Stores	2382	1793	6319	5433	7345
	d. Power & Fuel	2796	1538	6804	4556	6303
	e. Employees cost	793	824	2307	2593	3335
	f. Depreciation	828	458	1805	1298	1742
	g. Other expenditure	1741	1701	5542	4930	6499
	Total	13070	10201	35567	30624	43093
5	Profit from Operations before Other Income, Interest and Exceptional Items	817	2007	2798	5392	6512
6	Other Income	3	8	31	36	36
7	Profit before Interest and Exceptional Items	820	2015	2829	5428	6548
8	Interest	743	140	1042	416	497
9	Profit after Interest but before Exceptional Items	77	1875	1787	5012	6051
10	Exceptional Items	--	--	--	--	--
11	Profit from Ordinary Activities before tax	77	1875	1787	5012	6051
12	Tax expense	35	518	654	1102	1472
13	Net profit from Ordinary Activities after tax	42	1357	1133	3910	4579
14	Extra-ordinary Items	--	--	--	--	--
15	Net profit for the period	42	1357	1133	3910	4579
16	Paid-up Equity Share Capital (Face value Rs 10)	1125	1125	1125	1125	1125
17	Reserves, excluding Revaluation Reserves and Deferred Tax as per Balance sheet of previous accounting year					17086
18	Earnings Per Share (EPS)
	a. Basic and diluted EPS before extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	0.37	12.06	10.70	34.76	40.70
	b.Basic and diluted EPS after extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	0.37	12.06	10.70	34.76	40.70
19	Public Shareholding :
	- Number of Shares	6419123	6404355	6419123	6404355	6408130
	- Percentage of Shareholding	57.06%	56.93%	57.06%	56.93%	56.96%

Notes:

1. Paper is the only reportable segment of operation of the Company.

       2. Investor complaints :
           - Pending at the beginning of the Quarter              Nil
           - Received and disposed off during the Quarter      1
           - Un-resolved at the end of the Quarter                 Nil

       3. Erection and commissioning of the Chlorine Dioxide Plant was completed during the
          Quarter and all the equipment that form part of Mill Development Plan are in
          continuous operation.

       4. The Profit for the Quarter October - December 2008 and for the nine month period
          ended December 2008, was impacted to the extent of Rs 886 lakhs and Rs 1917
          lakhs,respectively, due to depreciation in the value of Indian Rupee against US$ in
         respect of import bills for Coal and Wood Pulp and Foreign Currency Loans.

        5. Figures have been re-grouped, wherever necessary, to conform to current quarter's
            classification.

        6. The above results were reviewed by the Audit Committee of the Board and approved
            by the Board of Directors at the meeting held on January 24 2009. The statutory
            Auditors of the Company have carried out a Limited Review of the results for the
           quarter ended December 31, 2008.

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

N GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : January 24, 2009

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF
THE QUARTER JULY - SEPTEMBER 2008

Rs lakhs

Sl.No	Particulars	3 Months ended		6 Months ended		Year ended
Sl.No	Particulars	30.09.2008 (Unaudited)	30.09.2007 (Unaudited)	30.09.2008 (Unaudited)	30.09.2007 (Unaudited)	31.03.2008 (Audited)
1	Gross Sales / Income from Operations	14332	14388	26341	26510	54723
	Less: Excise Duty	979	1435	1880	2722	5219
	Net Sales / Income from Operations	13353	12953	24461	23788	49504
2	Other Operating Income	7	8	17	16	101
3	Total Income	13360	12961	24478	23804	49605
4	Expenditure
	a. Increase / decrease in Stock-in-trade and Work-in-progress	(-) 23	205	(-) 1031	(-) 736	(-) 146
	b. Consumption of Raw Materials	4604	4439	9291	8663	18015
	c. Stores	2148	1857	3937	3640	7345
	d. Power & Fuel	2294	1500	4008	3018	6303
	e. Employees cost	724	968	1514	1769	3335
	f. Depreciation	512	420	977	840	1742
	g. Other expenditure	2198	1763	3801	3229	6499
	Total	12457	11152	22497	20423	43093
5	Profit from Operations before Other Income, Interest and Exceptional Items	903	1809	1981	3381	6512
6	Other Income	28	32	28	32	36
7	Profit before Interest and Exceptional Items	931	1841	2009	3413	6548
8	Interest	204	122	299	276	497
9	Profit after Interest but before Exceptional Items	727	1719	1710	3137	6051
10	Exceptional Items	--	--	--	--	--
11	Profit from Ordinary Activities before tax	727	1719	1710	3137	6051
12	Tax expense	265	320	619	584	1472
13	Net profit from Ordinary Activities after tax	462	1399	1091	2553	4579
14	Extra-ordinary Items	--	--	--	--	--
15	Net profit for the period	462	1399	1091	2553	4579
16	Paid-up Equity Share Capital (Face value Rs10)	1125	1125	1125	1125	1125
17	Reserves, excluding Revaluation Reserves and Deferred Tax as per Balance sheet of previous year					17086
18	Earnings Per Share (EPS)
	a. Basic and diluted EPS before extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	4.11	12.44	9.70	22.69	40.70
	b.Basic and diluted EPS after extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	4.11	12.44	9.70	22.69	40.70
19	Public Shareholding :
	- Number of Shares	6419758	6401404	6419758	6401404	6408130
	- Percentage of Shareholding	57.06%	56.90%	57.06%	56.90%	56.96%

Notes:

1. Paper is the only reportable segment of operation of the Company.

       2. Investor complaints :
           - Pending at the beginning of the Quarter              Nil
           - Received and disposed off during the Quarter      1
           - Un-resolved at the end of the Quarter                 Nil

       3. Chlorine Dioxide Plant is under trial run. Erection and commissioning of all remaining
          equipment under the Mill Development Plan have been completed during the quarter
          and the equipment are in continuous operation.

       4. The Profit for the Quarter is after making a provision of Rs 840 lakhs for the
           depreciation in the value of Indian Rupee against US$ in respect of import
         bills for Coal and Wood Pulp and foreign currency loans.
         (Rs 1031 lakhs for the half year).

        5. Figures have been re-grouped, wherever necessary, to conform to current quarter's
            classification.

        6. The above results were reviewed by the Audit Committee of the Board and approved
            by the Board of Directors at the meeting held on October 18, 2008. The statutory
            Auditors of the Company have carried out a Limited Review of the results for the
           quarter ended September 30, 2008.

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

N GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : October 18, 2008

UNAUDITED FINANCIAL RESULTS (PROVISIONAL) OF
THE QUARTER APRIL - JUNE 2008

Rs lakhs

Sl.No.	Particulars	3 months ended	3 Months ended	Year ended
Sl.No.	Particulars	30.06.2008 (Unaudited)	30.06.2007 (Unaudited)	31.03.2008 (Audited)
1	Gross Sales / Income from Operations	12009	12122	54723
	Less: Excise Duty	901	1287	5219
	Net Sales / Income from Operations	11108	10835	49504
2	Other Income	10	8	137
3	Total Income	11118	10843	49641
4	Expenditure
	a. Increase / decrease in Stock-in-trade and work-in-progress	(-) 1008	(-) 941	(-) 146
	b. Consumption of Raw Materials	4687	4224	18015
	c. Stores	1789	1783	7345
	d. Power & Fuel	1714	1518	6303
	e. Staff cost	790	801	3335
	f. Depreciation	465	420	1742
	g. Other expenditure	1603	1466	6499
	Total	10040	9271	43093
5	Interest	95	154	497
6	Exceptional items	--	--	--
7	Profit from Ordinary Activities before Tax	983	1418	6051
8	Tax expense	354	264	1472
9	Net Profit from Ordinary Activities after tax	629	1154	4579
10	Extra-ordinary items	--	--	--
11	Net Profit for the period	629	1154	4579
12	Paid-up Equity Share Capital (Face value Rs. 10)	1125	1125	1125
13	Reserves, excluding Revaluation Reserves and Deferred Tax as per Balance Sheet of previous year			17086
14	Earnings Per Share (EPS) a) Basic and diluted EPS before extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	5.59	10.26	40.70
14	b. Basic and diluted EPS after extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	5.59	10.26	40.70
15	Public Shareholding :
	- Number of Shares	64 16 384	64 00 061	64 08 130
	- Percentage of Shareholding	57.03%	56.89%	56.96%

Notes :

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

N GOPALARATNAM
Chairman and Managing Director

Place : Erode
Date : July 26, 2008

AUDITED FINANCIAL RESULTS FOR 2008-09

Rs lakhs

Sl.No	Particulars	3 Months ended		Year ended
Sl.No	Particulars	31.03.2009 (Unaudited)	31.03.2008 (Unaudited)	31.03.2009 (Audited)	31.03.2008 (Audited)
1	Gross Sales / Income from Operations	15072	14676	56116	54723
	Less: Excise Duty	501	1164	3205	5219
	Net Sales / Income from Operations	14571	13512	52911	49504
2	Other Operating Income	27	77	52	101
3	Total Income	14598	13589	52963	49605
4	Expenditure:
	a. Increase / decrease in Stock- in-trade and Work-in-Progress	1122	921	309	(-) 146
	b. Consumption of Raw materials	3546	5134	17149	18015
	c. Stores	2350	1912	8669	7345
	d. Power & Fuel	2675	1747	9479	6303
	e. Employees cost	877	742	3184	3335
	f. Depreciation	824	444	2629	1742
	g. Other expenditure	1942	1569	7484	6499
	Total	13336	12469	48903	43093
5	Profit from Operations before Other Income, Interest and Exceptional Items	1262	1120	4060	6512
6	Other Income	--	--	31	36
7	Profit before Interest and Exceptional Items	1262	1120	4091	6548
8	Interest	658	81	1700	497
9	Profit after Interest but before Exceptional Items	604	1039	2391	6051
10	Exceptional Items	--	--	--	--
11	Profit from Ordinary Activities before tax	604	1039	2391	6051
12	Tax Expense	234	370	888	1472
13	Net Profit from Ordinary Activities after tax	370	669	1503	4579
14	Extra-ordinary items	--	--	--	--
15	Net Profit for the period	370	669	1503	4579
16	Paid-up Equity Share Capital (Face value - Rs 10)	1125	1125	1125	1125
17	Reserves, excluding Revaluation Reserves and Deferred Tax as per Balance Sheet of previous accounting year			18128	17086
18	Earnings Per Share (EPS)
	a. Basic and diluted EPS before extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	3.29	5.94	13.36	40.70
	b. Basic and diluted EPS after extra-ordinary items for the period, for the year to date and for the previous year (not to be annualised)	3.29	5.94	13.36	40.70
19	Public Sharehodling :
	- Number of Shares	64 40 139	64 08 130	64 40 139	64 08 130
	- Percentage of Shareholding	57.25%	56.96%	57.25%	56.96%
20	Promoter and Promoter Group Shareholding :
	(a) Pledged / Encumbered : - Number of Shares	0		0
	- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)	0		0
	- Percentage of Shares (as a % of the total Share Capital of the Company)	0		0
	(b) Non-encumbered : - Number of Shares	4809861		4809861
	- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)	100%		100%
	- Percentage of Shares (as a % of the total Share Capital of the Company)	42.75%		42.75%

Notes:

1. Paper is the only reportable segment of operation of the Company.

2. The Board of Directors has recommended payment of dividend at Rs 3.50 per Equity Share of Rs 10 each for the year 2008-09.

3. 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

4. The Profit for the Quarter January – March 2009 and for the year ended March 2009, was impacted to the extent of Rs 750 lakhs and Rs 2667 lakhs, respectively, due to depreciation in the value of Indian Rupee against US$ in respect of import bills for Coal, Wood Pulp and Foreign Currency Loans and higher provision made for Interest and Depreciation consequent to capitalization of remaining assets of Mill Development Project.

5. Figures have been re-grouped, wherever necessary, to conform to current quarter’s / year’s classification.

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

N GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : June 05, 2009.