AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2009
(RS IN LACS)
Particulars
3 months Ended 31.03.2009
Corresponding 3 months ended in the previous year 31.03.2008
Year to date figures for current period ended 31.03.09
Previous accounting year ended 31.03.2008
Audited
Audited
Audited
Audited
1.
(a) Net Sales/Income from Operations
1,981.70
1,399.51
7,096.80
6,008.73
(b) Other Operating Income
-
-
1,981.70
1,399.51
7,096.80
6,008.73
2.
Expenditure
a. (Increase)/decrease in stock in trade
and work in progess
182.53
32.81
(364.39)
(755.76)
b. Consumption of raw materials
792.06
588.42
3,067.19
2,649.17
c. Purchase of traded goods
138.99
(64.84)
331.16
442.93
d. Employees cost
231.43
207.43
834.06
737.74
e. Depreciation
14.08
31.54
110.27
98.65
f. Other expenditure:
- Power & Fuel
213.92
(1.94)
926.09
679.24
- Freight & Delivery chgs
222.85
186.96
861.51
701.42
- Selling expenses
22.28
20.44
62.69
74.94
- Others
107.79
167.07
621.22
681.34
g. Total
1,925.93
1,167.89
6,449.80
5,309.67
3.
Profit from Operations before other income, interest and exceptional items (1-2)
55.77
231.62
647.00
699.06
4.
Other Income
50.34
5.95
63.19
219.88
5.
Profit before Interest and Exceptional Items (3-4)
106.11
237.57
710.19
918.94
6.
Interest
67.33
100.67
416.19
305.97
7.
Profit after Interest but before Exceptional Items (5-6)
38.78
136.91
294.00
612.97
8.
Exceptional Items
-
-
-
-
9.
Profit (+)/ Loss (-) from Ordinary Activities before tax (7-8)
38.78
136.91
294.00
612.97
10.
Tax expense:
- Current Tax
5.57
20.33
34.20
55.14
- Deferred Tax
23.83
31.31
99.57
102.25
- Fringe Benefit Tax
4.58
2.53
11.00
8.00
11.
Net Profit (+)/Loss(-) from Ordinary Activities after tax (9-10)
4.80
82.74
149.23
447.58
12.
Extraordinary Item (net of tax expense Rs…….)
-
-
-
-
13.
Net Profit (+)/Loss(-) for the period (11-12)
4.80
82.74
149.23
447.58
14.
Paid-up equity share capital (Face value of Rs.10/-)
1,832.74
1,832.74
1,832.74
1,832.74
15.
Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year
54.30
80.20
489.15
339.92
16.
Earnings Per Share (EPS)
(a) Basic and diluted EPS before
Extraordinary items for the period, for
the year to date and for the previous
year (not to be annualized)
0.03
0.45
0.81
2.44
(b) Basic and diluted EPS after
Extraordinary items for the period, for
the year to date and for
the previous year
(not to be annualized)
0.03
0.45
0.81
2.44
17.
Public shareholding
- Number of shares
12401163
13231600
12401163
13231600
- Percentage of shareholding
67.66
72.20
67.66
72.20
18
Promoters and promoter group Shareholding
a) Pledged/Encumbered
- Number of shares
-
-
-
-
- Percentage of shares (as a % of the
total shareholding of promoter and
promoter group)
-
-
-
-
- Percentage of shares (as a % of the
total share capital of the company)
-
-
-
-
b) Non-encumbered
- Number of shares
5926237
5095800
5926237
5095800
- 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)
32.34
27.80
32.34
37.80
NOTES:-
1.The Directors are pleased to recommend a Dividend of 6% (Re.0.60 per Equity Share of Rs.10) for the year (Previous year Re.0.60).
2.Freight as included in selling expenses is charged to account on incurrence/ accrual at the time of removal of finished goods from the factory. Therefore, this may not necessarily relate to sales achieved during a particular period. However, this is according to the accounting policy consistently followed by the company.
3.Lower net profit for the year as in Item No.11 is due to the reduction in other income in Item No.4 from sale of eucalyptus seedlings to Rs.13.76 lacs (Previous year Rs.166.30 lacs).
The eucalyptus seedlings were affected by Gall virus throughout South East Asia and has affected all major countries having eucalyptus plantations like China, Indonesia, Malaysia, India, Bangladesh and Thailand etc.
4.As per BIFR order a rebate on Electricity Duty aggregating to Rs.157.76 was availed of by reducing Power & Fuel as per Sl.No.2(f) during the previous year which was not available in the current year under review.
5.Information on investor complaints for the quarter ended 31st March, 2009 (in nos.)
Opening Balance of
Complaints
Received during
the Quarter
Disposed off during
The Quarter
Closing
Balance
NIL
3
3
NIL
6.Figures of the previous period have been regrouped / rearranged wherever considered necessary.
7.The above results have been approved by the Board of Directors in their meeting held on 29th April, 2009.
8.The results of the Company are available at the Company's web site www.mangalamtimber.com.
Place : Kolkata
Date : 29th April, 2009
For MANGALAM TIMBER PRODUCTS LIMITED
SARVADAMAN RAY
MANAGING DIRECTOR