Statement of Standalone Unaudited Results For The Quarter Ended December 31, 2012
Statement of Standalone Unaudited Results For The Quarter Ended December 31, 2012
Statement of Standalone Unaudited Results For The Quarter Ended December 31, 2012
Office : Bajaj Bhawan, 2nd Floor, Jamnalal Bajaj Marg, 226 Nariman Point, Mumbai - 400021
www.bajajhindusthan.com
STATEMENT OF STANDALONE UNAUDITED RESULTS FOR THE QUARTER ENDED DECEMBER 31, 2012
` (Lacs)
PART I
Preceding Corresponding
Particulars 3 Months 3 Months 3 Months Previous
ended ended ended year ended
31.12.2012 30.09.2012 31.12.2011 30.09.2012
Unaudited Unaudited Unaudited Audited
1. Income from operations
(a) Net Sales / income from operations (Net of excise duty) 62,676 112,358 55,643 421,065
(b) Other operating income 897 452 885 5,198
Total Income from operations (net) 63,573 112,810 56,528 426,263
2. Expenses
a) Purchases and materials consumed @ 121,007 19,060 118,639 336,601
b) Changes in inventories of finished goods, work in progress and stock in trade (87,797) 75,392 (84,420) (5,797)
c) Employee benefits expense 4,727 5,309 4,416 19,193
d) Depreciation and amortisation expense 9,015 9,519 8,498 34,882
e) Increase/(decrease) of excise duty on inventories 2,351 (2,390) 2,806 (264)
f) Other expenses 10,196 7,336 7,893 30,754
Total expenses 59,499 114,226 57,832 415,369
3. Profit/ (Loss) from operations before other income,
finance costs and exceptional items (1-2) 4,074 (1,416) (1,304) 10,894
4
4. Other income 115 1 761
1,761 5 378
5,378 10 615
10,615
5. Profit/ (Loss) from ordinary activities before finance costs and exceptional items (3+4) 4,189 345 4,074 21,509
6. Finance costs (net) 12,654 14,342 11,311 53,641
7. Profit/ (Loss) from ordinary activities after finance costs but before exceptional items (5-6) (8,465) (13,997) (7,237) (32,132)
8. Exceptional items - - - -
9. Profit / (Loss) from ordinary activities before tax (7-8) (8,465) (13,997) (7,237) (32,132)
10. Tax expense (2,951) (1,756) (2,794) (8,675)
11. Net Profit / (Loss) from ordinary activities after tax (9-10) (5,514) (12,241) (4,443) (23,457)
12. Extraordinary items (net of tax expense Rs. Nil) - - - -
13. Net Profit / (Loss) for the period (11-12) (5,514) (12,241) (4,443) (23,457)
14. Paid-up equity share capital (Face Value - Re.1/- per share) 6,394 6,394 6,394 6,394
15. Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year 403,034
16 (i) Earnings per share (EPS) ( before extraordinary items)
(of Re.1/- each) (not annualised)
(a) Basic (0.86) (2.02) (0.88) (3.87)
(b) Diluted (0.86) (2.02) (0.88) (3.87)
16 (ii) Earnings per share (EPS) ( after extraordinary items)
(of Re.1/- each) (not annualised)
(a) Basic (0.86) (2.02) (0.88) (3.87)
(b) Diluted (0.86) (2.02) (0.88) (3.87)
@ Including cost of raw material sold.
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PART II
A. PARTICULARS OF SHAREHOLDING
1. Public shareholding
- Number of shares 342,893,545 342,893,545 342,868,545 342,893,545
- Percentage of Shareholding 53.63% 53.63% 53.62% 53.63%
2. 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 294,930,766 294,930,766 294,930,766 294,930,766
- Percentage of shares (as a % of the total shareholding of promoter and promoter group) 100.00% 100.00% 100.00% 100.00%
- Percentage of shares (as a % of the total share capital of the company) 46.13% 46.13% 46.13% 46.13%
Particulars 3 Months
ended
31.12.2012
B. INVESTOR COMPLAINTS
Pending at the beginning of the quarter -
Received during the quarter 7
Disposed off during the quarter 7
Remaining unresolved at the end of the quarter -
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SEGMENT- WISE REVENUE, RESULTS AND CAPITAL EMPLOYED FOR THE QUARTER ENDED DECEMBER 31, 2012
` (Lacs)
Preceding Corresponding
Particulars 3 Months 3 Months 3 Months Previous
ended ended ended year ended
31.12.2012 30.09.2012 31.12.2011 30.09.2012
Unaudited Unaudited Unaudited Audited
1. Segment Revenue
a. Sugar 57,015 75,396 53,635 360,438
b. Distillery 4,819 15,542 2,195 41,925
c. Power 9,663 300 9,556 33,745
d. Others 1,921 21,969 - 21,969
Total 73,418 113,207 65,386 458,077
Less : Inter- segment Revenue 10,742 849 9,743 37,012
Net Sales / Income from operations 62,676 112,358 55,643 421,065
2. Segment Results (Profit/(Loss) before tax and interest)
a. Sugar (3,762) (2,770) (8,455) (24,445)
b. Distillery 1,531 5,102 647 15,025
c. Power 7,907 (403) 7,766 27,572
d. Others (47) (1,086) - (1,086)
Total 5,629 843 (42) 17,066
Less: (i) Finance costs (net) 12,654 14,342 11,311 53,641
(ii) Other Un-allocable Expenditure net off Un-allocable Income 1,440 498 (4,116) (4,443)
Total Profit / (Loss) before Tax (8,465) (13,997) (7,237) (32,132)
3. Capital Employed (Segment Assets-Segment Liabilities)
a. Sugar 501,429 521,534 562,174 521,534
b. Distillery 48,224 48,166 52,747 48,166
c. Power 58,572 58,791 59,816 58,791
d. Others 29,797 30,151 - 30,151
e. Unallocated 351,613 321,594 279,170 321,594
Total 989,635 980,236 953,907 980,236
Notes:
1. Given the seasonal nature of Industry, the results of any quarter may not be a true and/or proportionate reflection of the annual performance of the Company.
2. The entire proceeds of the Rights Issue of Rs.1,479.75 crore concluded in October 2011, has been utilised towards objects of the issue upto December 31, 2012.
3. The Scheme of Amalgamation of Bajaj Eco-Tec Products Ltd. (BEPL or Amalgamating Company), a subsidiary with the Company with effect from the appointed date i.e.
1st April, 2012, sanctioned by the Hon’ble High Court of Bombay vide its Order dated September 14, 2012 has become effective on October 01, 2012 upon filing the said
Order with the Registrar of Companies Maharashtra, Mumbai as required under Section 394(3) of the Companies Act, 1956. The results of the quarter ended December 31,
2012 has been prepared after taking the effect of merger and hence the same are not comparable with the corresponding figures of the previous year.
4. The above results have been reviewed by the audit committee and approved by the Board of Directors at their respective meetings held on February 14, 2013.
5. Previous periods/year figures have been regrouped/ re-arranged/ reworked/ restated wherever necessary to conform to the classification of current period.
sd/-
Place: Mumbai SHISHIR BAJAJ
Dated: February 14, 2013. Chairman & Managing Director