GRASIM INDUSTRIES
CONSOLIDATED FIGURES
FY 10 VS FY 09
Net Sales has gone up to Rs.19933 Crores on consolidated basis in FY 10 from Rs.18404 Crores in FY 10, By Rs.1529 Crores or 8.31 percent.
Other Operating Income has increased by 31.71 percent to Rs. 262 crores from Rs. 199 Crores YOY.
Raw Materials consumption has come down by -8.47% to Rs. 7148 Crores from Rs. 7809 crores YOY (or, -661 Cr)
Employees Cost has increased by 11.27% to Rs.1059 cr from Rs.951 Cr YOY.
Other Expenditure has increased by 10.28 % YOY to Rs.5823 Crores from Rs.5280 Crores ( or, Rs. 54e Cr+)
Over all, the total Expenditure has increased marginally by 1.35% or Rs.201 Cr to Rs. 15141 Crores from Rs. 14940 Crores YOY.
Profit from Operations has gone up to Rs. 5054 Crores from Rs. 3663 Crores – by Rs.1391 Crores or 37.98 % YOY.
Tax Expense has therefore increased to Rs.1571 Cr in FY 10 from Rs. 991 Cr in FY 09 ( by Rs.579 Crores or 58.42 %)
P A T has increased to Rs.3423 cr in FY 10 from Rs. 2615 cr in FY 09 (+ Rs.807 cr or 30.87%)
Taking into the Extraordinary Items of Rs.( -)336 Crores in current year, the Net Profit has gone up to Rs. 3759 Cr in FY 10, compared to Rs. 2615 Cr in FY 09 ( +Rs. 1143 Cr. Or.+ 43.72 %)
The Consolidated Net Profit has therefore gone up to Rs.3096 Cr in FY 10 from Rs. 2187 Crores in FY 09 – an increase of Rs. 909 Crores or 41.56 %
On a Face Value of Rs.10, the consolidated Basic EPS before extraordinary items is 300.94 compared to last year’s 238.49, an increase of 26.19 % YOY.
The same Basic EPS after Extraordinary items is higher at Rs. 337.6 compared to last year’s Rs. 238.49, an increase of 41.56%
Over all, it reflects a creditable and excellent performance of GRASIM in FY 10 – with a good increase of 26.19 % in EPS.
NON-CONSOLIDATED FIGURES
COMPARISON
From the non-consolidated figures given below, we can see that though the sales are down by 24.36 percent, raw material consumption is down higher by 33.23 % and consequently total expenditure is down by 32.38 percent.
This has helped Net profit to grow by 26.95%
The non consolidated basic EPS before extraordinary items is Rs.191.51 and the same after extraordinary items is Rs.228.16.
QUARTERLY FIGURES
As can be seen from the quarterly figures below, Net sales has come down to 1/3rd in Q4. Raw Material consumption is down by 50 percent. Total expenditure also is down considerably in Q4.
Consequently, Basic EPS has come down to Rs. 31.55 in Q4 compared to Rs.64.99 in Q3 and Rs. 73.54 in Q2, Rs.94.51 in Q1 (and Rs.41.96 in Q4 of FY 09).
INTERESTING NEWS ON GRASIM
(1)Grasim will make an exit from Sensex, BSE-100, BSE-200 and BSE-500 indices owing to the demerger of its cement business into another Aditya Birla group company UltraTech Cement, the Bombay Stock Exchange (BSE) said on Wednesday. Grasim will be replaced in the Sensex by Jindal Steel & Power Ltd. (JSPL) and in the BSE-100 Index by Asian Paints. Grasim will be replaced by JSW Energy in the BSE-200, while Persistent Systems has been included in place of Grasim in the BSE-500 Index, BSE said. The changes will come into effect from May 26.
(2)The Consolidated results of Grasim take into account the demerger of the cement business of the company to its subsidiary, Samruddhi Cement Ltd. (SCL), with effect from October 1, 2009. The results show improvement in both the main businesses of cement and viscose staple fibre (VSF). The board has announced an unchanged dividend of Rs. 3 per share. Additionally, the board of SCL has proposed a dividend of Rs. 1.75 per share for six months' working. As a result, each Grasim shareholder will receive one equity share of Rs. 5 in SCL for every share held in Grasim with the record date having been fixed at May 28, in terms of the demerger scheme. The scheme of amalgamation between UltraTech Cement and SCL received approval from the shareholders and is expected to be completed by July. Adesh Gupta, wholetime director and CFO, Grasim, said a total capital outlay of Rs. 4,475 crore had been earmarked for the cement business and the investment would largely be towards augmentation of the grinding and evacuation facility, logistics, infrastructure, waste heat recovery system, captive thermal power plant, modernisation and completion of existing projects. In viscose staple fibre, it plans to set up a 80,000 tonnes per annum plant at Vilayat (Gujarat) at an outlay of Rs. 1,000 crore are progressing and it is likely to be commissioned by 2012-13.
(3)Its China JV will see capacity double to 70,000 tonnes per annum (TPA) by the end of the June quarter. Hence, the company expects the business to do well on better volumes and realisation.
(4)With the cement sector estimated to see a surplus situation over the next few quarters and prices of inputs likely to remain firm, the business may see margins remain under pressure for a few quarters.
(5)After the demerger of its cement business into Samruddhi Cement, Grasim is primarily a VSF player and will also remain a holding company for cement, which will include its majority stake in UltraTech Cement. The scheme of amalgamation of Samruddhi Cement with UltraTech has been finalised.
NON CONSOLIDATED FIGURES
Description :: FY 10(in lakhs) :: FY 09:: increase :: percent
Net Sales :: 817211 :: 1080401 :: -263190 :: -24.36
Raw Materials :: 333371 :: 499272 :: -165901 :: -33.23
Employees Cost :: 48093 :: 59817 :: -11724 :: -19.6
Depreciation 35114 :: 45697 :: -10583 :: -23.16
Other Exp:: 171903 :: 268419 :: -96516 :: -35.96
Total Exp:: 592670 :: 876445 :: -283775 :: -32.38
OPT :: 238592 :: 217591 :: 21001 :: 9.65
Tax Expense :: 74475 :: 59988 :: 14487 :: 24.15
Extraordinary Items :: -33607 :: -
N P T :: 209210 :: 164796 :: 44414 :: 26.95
Dividend (%) :: 300 :: 300
Face Value (in Rs.) 10 :: 10
Paid-up Equity Share Capital 9170 9169
Reserves :: 704416 :: 937208 :: -232792 :: -24.84
Basic EPS before Extrao.Items:: 191.51 :: 179.73 :: 11.78 :: 6.55
Diluted EPS before Extraordinary items :: 191.44 :: 179.73 :: 11.71 :: 6.52
Basic EPS after Extraordinary items :: 228.16 :: 179.73 :: 48.43 :: 26.95
Diluted EPS after Extraordinary items :: 228.08 :: 179.73 :: 48.35 :: 26.9
QUARTERLY FIGURES COMPARISON
Q E 03/10 :: 12/09 :: 09/09 :: 06/09 ::: 03/09
Net Sales :: 110366 :: 305189 :: 298377 :: 304532 :: 288699
Raw Materials:: 56787 :: 116762 :: 107952 :: 117488 :: 121017
Employees Cost :: 7299 :: 17513 :: 15994 :: 16786 :: 14362
Depreciation :: 4079 :: 14235 :: 13589 :: 13699 :: 12534
Other Expenditure :: 13194 :: 78118 :: 76021 :: 76303 :: 75752
Total Exp :: 84073 :: 220827 :: 210351 :: 229702 :: 233237
Tax expense :: 5490 :: 28613 :: 29863 :: 23223 :: 20528
Extraordinary Items :: - :: - :: - :: - :: 33607 :: -
Net Profit :: 28935 :: 59588 :: 67425 :: 86659 :: 38471
Dividend (%) 300 - - - 300
Basic EPS after Extraordinary items :: 31.55 :: 64.99 :: 73.54 :: 94.51 :: 41.96
Diluted EPS after Extraordinary items :: 31.54 :: 64.96 :: 73.52 :: 94.51 :: 41.96
Basic EPS before Extraordinary items :: 31.55 :: 64.99 :: 73.54 :: 57.86 :: 41.96
Diluted EPS before Extraordinary items :: 31.54 :: 64.96 :: 73.52 :: 57.86 :: 41.96
ANNOUNCEMENTS TO THE EXCHANGE
20-05-2010 Grasim Industries Ltd. has informed the Exchange regarding a press release dated May 20, 2010 titled "Grasim reports excellent performance for Q4 FY2010".
20-05-2010 Grasim Industries Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 110366 lacs for quarter ending on 31-MAR-2010 against Rs. 288699 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 28935 lacs for the quarter ending on 31-MAR-2010 against Rs. 38471 lacs for the quarter ending on 31-MAR-2009. -
20-05-2010 Grasim Industries Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-MAR-2010 as follows: Net Sales of Rs. 538562 lacs for quarter ending on 31-MAR-2010 against Rs. 495689 lacs for the quarter ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 65448 lacs for the quarter ending on 31-MAR-2010 against Rs. 56879 lacs for the quarter ending on 31-MAR-2009. -
20-05-2010 Grasim Industries Limited has informed the Exchange that the Board of Directors at its Meeting held on May 20, 2010 have recommended dividend on Equity Shares for the year ended March 31, 2010 @ Rs. 30 (Rupees Thirty only) per share, at par with the dividend paid last year. -
20-05-2010 Grasim Industries Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 817211 lacs for year ending on 31-MAR-2010 against Rs. 1080401 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 209210 lacs for the year ending on 31-MAR-2010 against Rs. 164796 lacs for the year ending on 31-MAR-2009. -
20-05-2010 Grasim Industries Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 1993336 lacs for year ending on 31-MAR-2010 against Rs. 1840393 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 309553 lacs for the year ending on 31-MAR-2010 against Rs. 218666 lacs for the year ending on 31-MAR-2009. -
14-05-2010 Grasim Industries Limited had informed the Exchange regarding the approval of the Board of Directors of Grasim Industries Ltd (the "Company") to transfer of the cement business of the Company by way of a demerger to Samruddhi Cement Ltd. ("Samruddhi") in terms of a scheme of arrangement under Sections 391-394 of the Companies Act, 1956 (the "Scheme") and the sanction of the Scheme by the High Court of Madhya Pradesh at Indore on March 31, 2010 and e-filing of the certified copy of the Madhya Pradesh High Court order with the Registrar of Companies, Madhya Pradesh on April 17, 2010, and thereafter the sanction of the Scheme by the High Court of Gujarat on May 06, 2010. The Company has now informed the Exchange that a certified copy of the Gujarat High Court order has been obtained by Samruddhi and was filed on May 13, 2010 by it with the Registrar of Companies, Gujarat. Further, the Grasim Cement Demerger Committee set up by the Board of Directors of the Company and empowered to inter alia exercise all powers and discharge all functions of the Board for effecting the demerger in terms of the Scheme, and the Board of Directors of Samruddhi Cement Ltd., at their respective meetings held on May 13, 2010, have, after considering the status of all conditions to the effectiveness of the Scheme as set out in the Scheme, declared the Effective Date of the Scheme to be May 18, 2010. The Grasim Cement Demerger Committee also declared May 28, 2010, as the Record Date for determining the entitlement of the equity shareholders of Grasim to receive, pursuant to the Scheme, fully paid up equity shares of Samruddhi in the ratio of 1 (one) equity share of Samruddhi of the face value of Rs. 5 (Rupees Five) each credited as fully paid up for every 1 (one) equity share of Rs. 10 (Rupees Ten) each fully paid up held by the equity shareholders in Grasim." -
07-05-2010 Grasim Industries Limited had informed the Exchange that the Scheme of Arrangement between Grasim Industries Limited, Samruddhi Cement Limited and their respective shareholders and creditors has been sanction by Hon'ble High Court of Madhya Pradesh, Bench Indore, on March 31, 2010 and that the said Order has been filed with the Registrar of Companies, Gwalior (M.P.) on April 17, 2010. The Company now wish to informed the Exchange that the Scheme of Arrangement has also been sanctioned by the Hon'ble Court of Gujarat, Ahmedabad on May 06, 2010. Upon receipt of the certified copy of the Court Order from the Hon'ble Court of Gujarat, the same will be filed with the Registrar of Companies and further steps for making the Scheme effective will be taken. -
22-04-2010 Grasim Industries Limited has informed the Exchange that the Scheme of Arrangement has been sanctioned by the Hon'ble High Court of Madhya Pradesh, Bench Indore on March 31, 2010. The Company has filed the Scheme of Arrangement with the Registrar of Companies, Gwalior, Madhya Pradesh on April 17, 2010. The sanction to the Scheme of Arrangement by the Hon'ble High Court of Gujarat is still pending and the Scheme of Arrangement will be implemented upon sanction of the same. -
29-03-2010 Grasim Industries Ltd. has submitted to the Exchange a copy of the proceedings of the Extraordinary General Meeting of the shareholders of the Company held on February 25, 2010. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -
26-02-2010 Grasim Industries Ltd. has informed the Exchange that at the Extraordinary General Meeting of the Equity Shareholders of the Company, held on February 25, 2010, the Equity Shareholders of the Company have unanimously approved the Scheme of Amalgamation of Samruddhi Cement Limited with UltraTech Cement Limited under Section 391 to 394 of the Companies Act, 1956. -
22-01-2010 Grasim Industries Ltd. has informed the Exchange regarding a press release dated January 22, 2010 titled "Grasim reports excellent performance for Q3 FY2010". A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -
22-01-2010 Grasim Industries Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 305189 lacs for quarter ending on 31-DEC-2009 against Rs. 265357 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 59588 lacs for the quarter ending on 31-DEC-2009 against Rs. 32956 lacs for the quarter ending on 31-DEC-2008. -
22-01-2010 Grasim Industries Ltd. has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 478835 lacs for quarter ending on 31-DEC-2009 against Rs. 458786 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 71532 lacs for the quarter ending on 31-DEC-2009 against Rs. 45955 lacs for the quarter ending on 31-DEC-2008. -
07-01-2010 Grasim Industries Ltd. has informed the Exchange that pursuant to the Order dated November 13, 2009, passed by the Hon'ble High Court of Madhya Pradesh, Bench Indore, the said Court Convened meetings of the Equity Shareholders, Secured Creditors (including Debenture holders) and Unsecured Creditors of the Company, were held on January 04, 2010 wherein the Equity Shareholders, Secured Creditors (including Debenture holders) and Unsecured Creditors of the Company have unanimously approved the Scheme of Arrangement under Sections 391 to 394 of the Companies Act, 1956 between Grasim Industries Limited and Samruddhi Cement Limited and their respective Shareholders and Creditors ("the Scheme"). Further, at the aforesaid meeting of the equity shareholders, the equity shareholders of the Company have also passed a special resolution in relation to the reduction in the Share Premium Account of the Company by Rs. 823.88 crores and the Preference Share Capital Redemption Reserve of the Company by Rs. 1.48 crores, pursuant to the Scheme. The Chairperson appointed by the High Court for the said meetings has filed her reports of the said meetings in the High Court.
No comments:
Post a Comment