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Financials

Home > Financials > Quarterly Reports > 2010 - 2011

2010 - 2011

AUDITED FINANCIAL RESULTS FOR 2010-11

Rs lakhs

Sl.No	Particulars	3 Months ended		Year Ended
Sl.No	Particulars	31.03.2011 (Unaudited)	31.03.2010 (Unaudited)	31.03.2011 (Audited)	31.03.2010 (Audited)
1	Gross Sales / Income from Operations	16547	13958	58974	52897
	Less: Excise Duty	563	418	2167	1971
	Net Sales / Income from Operations	15984	13540	56807	50926
2	Other Operating Income	288	279	645	801
3	Total Income	16272	13819	57452	51727
4	Expenditure:
	a. Increase / decrease in Stock-in-trade and Work-in-Progress	1489	1171	(-) 182	11
	b. Consumption of Raw materials	3549	3024	13604	12143
	c. Stores and Chemicals	2752	2375	10702	9600
	d. Power and Fuel	2339	2049	9013	7930
	e. Employees cost	1337	876	5228	3399
	f. Depreciation	844	821	3399	3361
	g. Other expenditure	2169	1569	7548	6544
	Total	14479	11885	49312	42988
5	Profit from Operations before Other Income, Interest and Exceptional Items	1793	1934	8140	8739
6	Other Income	--	--	102	72
7	Profit before Interest and Exceptional Items	1793	1934	8242	8811
8	Interest	547	624	2165	2840
9	Profit after Interest but before Exceptional Items	1246	1310	6077	5971
10	Exceptional Items	--	--	--	--
11	Profit from Ordinary Activities before tax	1246	1310	6077	5971
12	Tax Expense	(-) 203	330	(-) 423	1978
13	Net Profit from Ordinary Activities after tax	1449	980	6500	3993
14	Extra-ordinary items	--	--	--	--
15	Net Profit for the period	1449	980	6500	3993
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			27180	21334
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)	12.88	8.71	57.78	35.49
	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)	12.88	8.71	57.78	35.49
19	Public Sharehodling :
	- Number of Shares	64 40 361	64 39 184	64 40 361	64 39 184
	- Percentage of Shareholding	57.25%	57.24%	57.25%	57.24%
20	Promoter and Promoter Group Shareholding :
	(a) Pledged / Encumbered : - Number of Shares	0	0	0	0
	- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)	0	0	0	0
	- Percentage of Shares (as a % of the total Share Capital of the Company)	0	0	0	0
	(b) Non-encumbered : - Number of Shares	48 09 639	48 10 816	48 09 639	48 10 816
	- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)	100%	100%	100%	100%
	- Percentage of Shares (as a % of the total Share Capital of the Company)	42.75%	42.76%	42.75%	42.76%

Disclosure of Balance Sheet Items, as per Clause 41 of the Listing Agreement :

		31.03.2011 (Rs lakhs)		31.03.2010 (Rs lakhs)
I	SOURCES OF FUNDS 1 Shareholder's Funds (a) Share Capital (b) Reserves and Surplus 2 Loan Funds (a) Secured Loans (b) Unsecured Loan 3 Deferred Tax	1125 27180 14750 25005	28305 39755 8301	1125 21334 28883 3657	22459 32540 8724
	Total		76361		63723
II	APPLICATION OF FUNDS 1 Fixed Assets (Net) 2 Investments 3 Current Assets, Loans and Advances (a) Inventories (b) Sundry Debtors (c) Cash and Bank Balances (b) Loans and Advances Less : Current Liabilities and Provisions (a) Liabilities (b) Provisions Net Current Assets	4488 5228 2884 24115 36715 10368 654 11022	48345 2323 25693	4781 4497 9168 4263 22709 9796 787 10583	50578 1019 12126
	Total		76361		63723

Notes:

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

2 The Board of Directors has recommended payment of divident at Rs. 5.00 per Equity share for the year 2010-11.

3 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

4 Employee cost, for the year ended March 31, 2011, includes a sum of Rs. 629 lakhs, being the arrears of salary paid to employees, consequent to the long term wage settlement entered into effective April 01, 2009.

5 During the quarter, the company acquired 41.67% of the Equity Capital of Subburaj Papers Limited, a 90 000 tonnes per annum, secondary pulp based paper mill, located near Tirunelveli. The unit has since commenced trial production operation from May 2011.

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

7 The above results were reviewed by the Audit Committee of the Board and approved by the Board of Directors at the respective meetings held on May 27, 2011 and May 28, 2011.

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

N GOPALARATNAM
Chairman and Managing Director

Place : Chennai
Date : May 28, 2011.

Sl. No	Particulars	3 Months ended		9 months ended		Year ended
Sl. No	Particulars	31.12.2010 (Unaudited)	31.12.2009 (Unaudited)	31.12.2010 (Unaudited)	31.12.2009 (Unaudited)	31.03.2010 (Audited)
1	Gross Sales / Income from Operations	15019	13001	42427	38939	52897
	Less: Excise Duty	526	491	1604	1553	1971
	Net Sales / Income from Operations	14493	12510	40823	37386	50926
2	Other Operating Income	77	169	357	522	801
3	Total Income	14570	12679	41180	37908	51727
4	Expenditure
	a. Increase / decrease in Stock-in-trade and Work-in-progress	(-) 170	(-) 232	(-) 1671	(-) 1160	11
	b. Consumption of Raw materials	3524	3161	10055	9119	12143
	c. Stores and Chemicals	2728	2408	7950	7225	9600
	d. Power and Fuel	2496	1850	6674	5881	7930
	e. Employees cost	1708	856	3891	2523	3399
	f. Depreciation	855	850	2555	2540	3361
	g. Other expenditure	1931	1746	5379	4975	6544
	Total	13072	10639	34833	31103	42988
5	Profit from Operations before Other Income, Interest and Exceptional Items	1498	2040	6347	6805	8739
6	Other Income	5	1	102	72	72
7	Profit before Interest and Exceptional Items	1503	2041	6449	6877	8811
8	Interest	483	663	1618	2216	2840
9	Profit after Interest but before Exceptional Items	1020	1378	4831	4661	5971
10	Exceptional Items	0	0	0	0	0
11	Profit from Ordinary Activities before tax	1020	1378	4831	4661	5971
12	Tax expense	(-) 47	487	(-) 220	1648	1978
13	Net profit from Ordinary Activities after tax	1067	891	5051	3013	3993
14	Extra-ordinary Items	0	0	0	0	0
15	Net profit for the period	1067	891	5051	3013	3993
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					21334
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)	9.48	7.92	44.90	26.78	35.49
	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)	9.48	7.92	44.90	26.78	35.49
19	Public Shareholding :
	- Number of Shares	64 40 761	64 39 376	64 40 761	64 39 376	64 39 184
	- Percentage of Shareholding	57.25%	57.24%	57.25%	57.24%	57.24%
20	Promoter and Promoter Group Shareholding :
	(a) Pledged / Encumbered : - Number of Shares	0	0	0	0	0
	- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)	0	0	0	0	0
	- Percentage of Shares (as a % of the total Share Capital of the Company)	0	0	0	0	0
	(b) Non-encumbered: - Number of Shares	48 09 239	48 10 424	48 09 239	48 10 424	48 10 816
	- Percentage of Shares (as a % of the total Shareholding of Promoter and Promoter Group)	100%	100%	100%	100%	100%
	- Percentage of Shares (as a % of the total Share Capital of the Company)	42.75%	42.76%	42.75%	42.76%	42.76%