Bajaj Hindusthan Limited
NSE Symbol BAJAJHIND
Bjaja Hindusthan has declared the results for the Q1 ending 31st,Dec,2010.
NET SALES for Q1 is Rs.1476 cr –up by 139.79% from corresponding qtr of previous year.
Total Expenditure is Rs.1301 cr – up by 179.15% from corresponding qtr of previous year.
Profit from operations is Rs.182 cr – up by 11.71% from corresponding Qtr of previous year.
Net Profit is Rs.58 cr – down by 32.09% from corresponding qtr of previous year.
Readers may also take note of (a) the Scheme of Amalgamation of Bajaj Hindusthan Sugar and Industries Limited with Bajaj Hindusthan Limited and (b) the news that Bajaj Hindustan Limited (BHL) through a Consortium has signed a Memorandum of Understanding (MOU) with Government of Uttar Pradesh for setting up a mega power project of 1980MW (3X 660MW) at Bargarh in Uttar Pradesh - in the Announcements to the Exchange listed below.
RESULTS Table :
| BAJAJ HIND | 12/31/2010 Q1 | 6/30/2010 Q3 | 3/31/2010 Q2 | 12/31/2009 Q1 |
| Net Sales | 147566 | 71566 | 56744 | 61540 |
| DIF %1 | 1476 | 106.2 | 160.06 | 139.79 |
| Incre./decre. in SIT / WIP | -2763 | 15638 | -130949 | -34329 |
| Raw Materials | 110498 | 42843 | 166980 | 66735 |
| Employees Cost | 4007 | 2435 | 4362 | 3151 |
| Depreciation | 8563 | 5276 | 4608 | 5104 |
| Other Expenditure | 9769 | 4570 | 8450 | 5936 |
| Total Expenditure | 130074 | 70762 | 53451 | 46597 |
| DIF %2 | 1301 | 83.82 | 143.35 | 179.15 |
| Profit from Operations | 18227 | 2016 | 9744 | 16316 |
| DIF %3 | 182 | 804.12 | 87.06 | 11.71 |
| Other Income | 1 | 1476 | 8 | 315 |
| Interest | 10699 | 7070 | 6500 | 4563 |
| Profit before tax | 7529 | -3578 | 3252 | 12068 |
| Tax expense | 1743 | -2087 | 73 | 3548 |
| Net Profit | 5786 | -1491 | 3179 | 8520 |
| DIF %4 | 58 | -488.06 | 82.01 | -32.09 |
| Face Value (In Rs | 1 | 1 | 1 | 1 |
| Paid Up Equity | 1914 | 1914 | 1914 | 1769 |
| Basic EPS | 2.53 | -0.78 | 1.66 | 4.87 |
| Public holding (%) | 57.37 | 57.37 | 57.37 | 62.02 |
ANNOUNCEMENTS
TO THE EXCHANGE
07-02-2011 Bajaj Hindusthan Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2010 as follows: Net Sales of Rs. 147566 lacs for quarter ending on 31-DEC-2010 against Rs. 61540 lacs for the quarter ending on 31-DEC-2009. Net Profit / (Loss) of Rs. 5786 lacs for the quarter ending on 31-DEC-2010 against Rs. 8520 lacs for the quarter ending on 31-DEC-2009. -
03-02-2011 Bajaj Hindusthan Limited has informed the Exchange that in respect of the Zero Coupon Foreign Currency Convertible Bonds (FCCBs) aggregating to US$ 120 million issued by the Company and of which FCCBs of US$ 99.572 million were outstanding, after conversion/repurchase from time to time, the Company has made repayment of an aggregate amount of US$ 133.006 million, including the redemption premium of US$ 33.434 million on the due date (February 02, 2011) in accordance with the terms and conditions of the said FCCBs. With the aforesaid repayment, entire outstanding FCCBs stands redeemed on maturity. -
05-01-2011 Bajaj Hindusthan Limited has informed the Exchange vide its letter dated January 05, 2011 regarding "Allotment of 37000000 equity shares of the face value of Re.1/- each in accordance with the Scheme of Amalgamation of Bajaj Hindusthan Sugar and Industries Limited with Bajaj Hindusthan Limited sanctioned by the Hon'ble High Court of Judicature at Bombay vide its order dated November 26, 2010".
22-12-2010 Bajaj Hindusthan Limited has informed the Exchange that December 31, 2010 has been fixed as Record Date for the purpose of determining the shareholders of Bajaj Hindusthan Sugar and Industries Limited (BHSIL) who will he entitled to receive 1 (One) Equity Share of the Bajaj Hindusthan Limited (BHL) for every 5 (Five) Equity Shares of BHSIL in terms of the Scheme of Amalgamation of BHSIL with BHL. Click Here
22-12-2010 Bajaj Hindusthan Limited had informed the Exchange that the Hon'ble High Court of Judicature at Bombay vide its Order dated November 26, 2010 had sanctioned the Scheme of Amalgamation of Bajaj Hindusthan Sugar and Industries Limited (BHSIL) with Bajaj Hindusthan Limited (BHL). The Company has now informed the Exchange that certified copy of the aforesaid Order has been filed with the Registrar of Companies, Maharashtra Mumbai for registration pursuant to Section 394(3) of the Companies Act, 1956 on December 20, 2010. BHSIL has also filed the certified copy of the Order on December 20, 2010 and accordingly the Scheme has become effective on December 20, 2010 with Appointed Date being April 01, 2010. Consequently, BHSIL stands dissolved without winding-up with effect from December 20, 2010. -
21-12-2010 Bajaj Hindusthan Limited has informed the Exchange that "Bajaj Hindustan Limited (BHL) through a Consortium has signed a Memorandum of Understanding (MOU) with Government of Uttar Pradesh for setting up a mega power project of 1980MW (3X 660MW) at Bargarh in Uttar Pradesh. The cost of this project is estimated to be around Rs. 5 crore per MW plus cost of dedicated transmission lines and allied systems and facilities, as may be required. The above venture is proposed to be undertaken either directly and/or through a SPV being subsidiary/ affiliate company of BHL in which BHL/Consortium, as the case may be, is obligated to hold a minimum of 26% equity." -
30-11-2010 Bajaj Hindusthan Limited has informed the Exchange that the Board of Directors of the Company at its meeting held November 30, 2010, have recommended dividend on equity shares of the Company @ 70% (i.e. @ Rs 0.70 per equity share of the face value of Re.1/- each) for the year 2009-10.
30-11-2010 Bajaj Hindusthan Limited has informed the Exchange regarding the standalone Results for the year ended on 30-SEP-2010 as follows: Net Sales of Rs. 287360 lacs for year ending on 30-SEP-2010 against Rs. 158374 lacs for the year ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 5176 lacs for the year ending on 30-SEP-2010 against Rs. 15461 lacs for the year ending on 30-SEP-2009. -
30-11-2010 Bajaj Hindusthan Limited has informed the Exchange regarding the consolidated Results for the year ended on 30-SEP-2010 as follows: Net Sales of Rs. 320143 lacs for year ending on 30-SEP-2010 against Rs. 202595 lacs for the year ending on 30-SEP-2009. Net Profit / (Loss) of Rs. 4119 lacs for the year ending on 30-SEP-2010 against Rs. 5792 lacs for the year ending on 30-SEP-2009. -
26-11-2010 Bajaj Hindusthan Limited has informed the Exchange that the Hon'ble High Court of Judicature at Bombay vide its Order passed on November 26, 2010 has sanctioned the Scheme of Amalgamation of Bajaj Hindustan Sugar and Industries Limited (BHSIL) with Bajaj Hindustan Limited (BHL). -
08-09-2010 Bajaj Hindusthan Limited has informed the Exchange vide its letter dated September 08, 2010 "Scheme of Amalgamation of Bajaj Hindusthan Sugar and Industries Limited with Bajaj Hindusthan Limited".
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