BOC India Limited
NSE Symbol BOC
BOC INDIA LIMITED – has declared results for Q2 CY 2012 ending June 2011.
Net Sales is Rs.249.85 cr – up by 11.7% from previous qtr and up by 0.56% from corresponding qtr.
Total Expenditure is Rs.223.67 cr – up by 14.13% from previous qtr and up by 1.37% from corresponding qtr.
Profit from Operations has come down to Rs.26.79 cr – down by 4.36% from previous qtr and down by 4.83% from corresponding Qtr.
Aided by higher Other Income Profit before tax has come to Rs.39.67 cr – up by 11.72% from previous qtr and up by 9.89% from corresponding qtr.
But, higher tax has made Net Profit down at Rs.26.97 cr – just 0.94% up from previous qtr and up by 11.4% from corresponding qtr.
Basic EPS on a Face Value of Rs.10 is Rs. 3.16 – against Rs.3.13 in previous qtr and Rs.2.84 in corresponding Qtr.
Public Holding (%) in the company is hardly 10.52% - and as can be seen from ANNOUNCEMENTS TO NSE section below, the company has made an attempt to DELIST the company some time ago but the attempt did not end fruitfully.
ANNOUNCEMENTS TO NSE
20-07-2011 "BOC India announces Q2 net profits at Rs.26.97 crores".
26-04-2011 Boc India Limited has informed the Exchange that the Register of Members and share transfer books of the Company will be closed from May 24, 2011 to June 02, 2011 (both days inclusive) for the purpose of the Annual General Meeting and payment of Dividend @ 15% (Rs.1.50 per equity share) for the year ended December 31, 2010, if declared at the Annual General Meeting to be held on June 02, 2011.
25-04-2011 "BOC India's Q1 net profit rises to Rs. 26.72 crores".
25-02-2011 "BOC India's turnover rises to Rs. 1,036 crores Board recommends 15 percent dividend".
25-02-2011 Boc India Limited has recommended a dividend of 15% (Rs. 1.50 per equity share of Rs.10 each) for the year ended December 31, 2010. -
07-02-2011 Deutsche Equities India Private Limited has submitted to the Exchange a copy of the Public Announcement issued on February 04, 2011, announcing the failure of the Delisting Offer in terms of Regulation 19 of the Delisting Regulations, in the newspaper on behalf of the Acquirer.
06-01-2011 Deutsche Equities India Private Limited has informed the Exchange regarding the Public Announcement issued by The BOC Group Limited (the "Acquirer" or the "Promoter") along with Linde Holdings Netherlands B.V. and Linde Finance B.V. as persons acting in concert (the "PACs"), pursuant to Regulation 10 of the Securities and Exchange Board of India (Delisting of Equity Shares) Regulations, 2009 (the "Delisting Regulations"), in respect of the proposed acquisition and delisting of the fully paid-up equity shares of the Company in accordance with the Delisting Regulations ("Delisting Offer"). Delisting Offer: The paid-up equity share capital of the Company (the "Equity Capital") comprises 85,284,223 fully paid-up equity shares having face value of Rs. 10/- each (the "Equity Shares"). The Equity Shares are listed on The Bombay Stock Exchange Ltd ("BSE"), The National Stock Exchange of India Ltd ("NSE") & The Calcutta Stock Exchange Ltd ("CSE") (collectively, the "Stock Exchanges"). The Acquirer along with PACs is making this PA to the public holders of the Equity Shares (defined to mean all the shareholders of the Company other than the Promoter Group and hereinafter referred to as the "Public Shareholders"), to acquire, in accordance with the Delisting Regulations and on the terms and subject to the conditions set out in paragraph 71 of this Public Announcement upto 8,975,930 Equity Shares, representing approximately 10.52% of the Equity Capital (the "Offer Shares"). Consequent to the Delisting Offer and upon the shareholding of the Promoter Group reaching a minimum of approximately 94.74% of the Equity Capital and fulfillment of other conditions stipulated under the Delisting Regulations, the Company will seek to voluntarily delist its Equity Shares from the Stock Exchanges for the reasons set out in paragraphs 12, 13 and 14 of this Public Announcement. The proposed timetable for the Delisting Offer is as follows: (1) Specified Date : January 07, 2011, (2) Bid Opening Date : January 24, 2011, (3) Bid Closing Date : January 31, 2011.
RESULTS TABLE
| BOC LTD | 30-Jun-11 | 31-Mar-11 | 30-Jun-10 |
| Net Sales | 24985 | 22368 | 24845 |
| Other Operating Income | 61 | 30 | 35 |
| Increase in SIT / WIP | -427 | -64 | -472 |
| Raw Materials | 10330 | 7886 | 12059 |
| Traded Goods | 1808 | 1460 | 1915 |
| Employees Cost | 1456 | 1368 | 1396 |
| Depreciation | 1727 | 1709 | 1346 |
| Other Expenditure | 7473 | 7238 | 5821 |
| Total Expenditure | 22367 | 19597 | 22065 |
| Profit from Operations | 2679 | 2801 | 2815 |
| Other Income | 938 | 633 | 619 |
| Interest | -350 | -117 | -176 |
| Profit before tax | 3967 | 3551 | 3610 |
| Tax expense | 1270 | 879 | 1189 |
| Net Profit | 2697 | 2672 | 2421 |
| Face Value (In Rs | 10 | 10 | 10 |
| Paid Up Equity | 8528 | 8528 | 8528 |
| Basic EPS | 3.16 | 3.13 | 2.84 |
| Public Holding (%) | 10.52 | 10.52 | 10.52 |
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