Empee Sugars and Chemicals Limited
NSE Symbol EMPEESUG
EMPEE SUGARS has declared its results for the 3rd quarter ending December, 2010.
Net Sales is Rs.120.95cr against Rs.69.19 cr in Q2 and Rs.25.01 cr in Q1 (1sr half minus 2nd qtr).
Profit from Operations is down to Rs.32.25 cr – against Rs.33.32cr in Q2 and Rs.11.95 cr in Q1, due to Higher Raw Material Cost and consequent shooting up of total expenditure.
Net Profit is Rs.11.44 cr – compared to Rs.11.86 cr in Q2 and Rs.3.13 cr in Q1.
Against a Face value of Rs.10, the Basic EPS is Rs.2.73 in Q3 against Rs.2.83 in Q2 and Rs.0.74 in Q1.
RESULTS TABLE :
| EMPEE SUGARS | Q3 FY 11 | Q2 FY 11 | Q1(1ST H – Q2) | |
| 12095.45 | 6919.01 | 2501.16 | 9420.17 | |
| Incr/dec in SIT/WIP | -171.48 | -3368.48 | -4313.08 | -7681.56 |
| Raw Materials | 7347.89 | 5437 | 4546.84 | 9983.84 |
| Employees Cost | 274.83 | 279.73 | 197.57 | 477.3 |
| Depreciation | 539.05 | 524.42 | 398.83 | 923.25 |
| Other Expdr | 880.35 | 714.11 | 476.5 | 1190.61 |
| Total Expenditure | 8870.64 | 3586.78 | 1306.66 | 4893.44 |
| Profit from Operations | 3224.81 | 3332.23 | 1194.5 | 4526.73 |
| Other Income | 28.22 | 24.2 | 9.11 | 33.31 |
| Profit before Int & EI | 3253.03 | 3356.43 | 1203.61 | 4560.04 |
| Interest6 | 1539.59 | 1424.51 | 890.33 | 2314.84 |
| Profit after I BB EI | 1713.44 | 1931.92 | 313.28 | 2245.2 |
| Profit before tax | 1713.44 | 1931.92 | 313.28 | 2245.2 |
| Tax expense | 569.16 | 745.8 | 0 | 745.8 |
| Net Profit after tax | 1144.28 | 1186.12 | 313.28 | 1499.4 |
| Net Profit | 1144.28 | 1186.12 | 313.28 | 1499.4 |
| Dividend (%) | 10 | 5 | 0 | 5 |
| Face Value (In Rs | 10 | 10 | 10 | 10 |
| Paid Up Equity | 4197.29 | 4197.01 | 4197.01 | 4197.01 |
| Basic EPS | 2.73 | 2.83 | 0.74 | 3.57 |
| Public Holding (%) | 31.19 | 31.19 | 31.19 | 31.19 |
ANNOUNCEMENTS
TO THE EXCHANGE
14-12-2010 the following special resolutions have been passed by the shareholders of the Company at the Extra Ordinary General Meeting held on 11th December 2010: (1) Increase in the Authorised Share Capital of the Company from Rs.55 Crores to Rs.80 Crores by creation of additional 2,50,00,000 Nos. of Equity Shares of Rs.10/- each (2) Articles of the Association of the Company to make provision for issue of securities to enable the company to issue GDR, ADR, etc. (3) Issue of GDR not exceeding US$ 78 Millions (4) Re-appointment of Mr. M.P.Purushothamam as Chairman and Managing Director for a period of five years effective from 25.12.2010. (Source MSE)
11-11-2010 the Board of Directors in their meeting held on 9th November 2010 have approved the following matters as set out in the notice of EGM, subject to the approval of the shareholders of the Company in the ensuing EGM of the Company to be held on 11th December 2010: (1) Issue of GDR upto an amount of Rs.350 crores (2) Increase in the Authorised Capital of the Company from Rs.55 crores to Rs.80 crores (3) To alter the Articles of Association of the Company to make provision for issue of securities to enable the Company to issue GDR (4) For re-appointment of Mr. M.P. Purushothaman as Chairman and Managing Director. (Source MSE)
11-11-2010 the Board of Directors in their meeting held on 9th November 2010 have approved the payment of maiden interim dividend of 5% (ie. Re.0.50 per share) on the equity shares of Rs.10/- each of the Company and fixed 19th November 2010 as Record Date for the determination of entitlement of interim dividend to the shareholder of the Company. (Source MSE)
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