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Quarter 4 Results 2004-05



Havells INDIA LIMITED
Regd. Office : 1/7, Ram Kishore Road, Civil Lines, Delhi 110 054
Corporate Off.: E-1, Sector - 59, Noida - 201 307

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND YEAR  ENDED
MARCH 31, 2005
(Rs. in crores)
Particulars Nine Months Ended Quarter Ended Year Ended Consolidated Results
 

31-Dec-04

 31-Mar-05 31-Mar-04 31-Mar-05 31-Mar-04
31-Mar-05
  (Un-audited)

(Audited)

(Audited)

 (Audited)
Gross Sales 469.49 195.89 125.00 665.38 419.22
665.38
Excise Duty 61.31 22.11 15.92 83.42 56.28
83.42
Net Sales 408.18 173.78 109.08 581.96 362.94
581.96
Other Income 2.49 0.90 4.06 3.39 7.60
3.39
Total Income 410.67 174.68 113.14 585.35 370.54
585.35
Total Expenditure 368.73 155.81 99.71 524.54 325.82
524.59
a) Increase/Decrease in Stock in trade (40.23) (0.24) (5.05) (40.47) (14.23)
(40.47)
b) Consumption of raw material 273.92 99.30 67.88 373.22 217.35
373.22
c) Staff Cost 17.23 6.85 4.53 24.08 16.67
24.08
d) Other expenditure 117.81 49.90 32.35 167.71 106.03
167.76
Interest 8.63 4.88 3.18 13.51 11.97
13.51
Depreciation 2.73 1.35 0.44 4.08 2.64
4.08
Profit before taxation 30.58

12.64

9.81

 43.22 30.11
43.17
Provision  for  Taxation          
- Income Tax 9.37 0.24 1.64 9.61 9.56
9.61
- Deferred Tax 1.12 1.97 0.39 3.09 0.41
3.09
Net Profit 20.09

10.43

7.78

 30.52 20.96 30.47
Paid up Capital 5.80 5.80 5.80
5.80
 5.80
5.80
Reserves --- --- ---
80.82
 53.57
80.76
(excluding revaluation reserves)      
 
  
Basic E.P.S. for the period (not annualised)  (in Rs.) (face value of Rs.5/- each) 17.32 9.01 6.71 26.33 18.08 26.28
Diluted E.P.S. for the period (not annualised)  (in Rs.) (face value of Rs.5/- each) 17.32 8.71 6.71 25.60 18.08 25.87
Aggregate of non-promoter shareholding            
a) No. of shares ( face value of Rs. 5/- each) 3507440 3507440 3507440 3507440 3507440  
b) Percentage of shareholding 30.26 30.53 30.26 30.53 30.26  
 
SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
(Rs. in crores)
Particulars Nine Months Ended Quarter Ended Year Ended Year Ended
 

31-Dec-04

 31-Mar-05 31-Mar-04 31-Mar-05 31-Mar-04 31-Mar-04
 

(Un-audited)

(Audited)

(Audited) (Audited)
Segment Revenue (Incl.Other Income)            
a) Switchgear 161.62 56.31 48.37 217.93 157.92 159.71
b) Cable & Wire 214.22 93.02 53.29 307.24 176.17 176.17
c) Electrical Consumer Durables 87.94 43.57 18.9 131.51 26.06 26.06
d) Others 8.20 3.89 8.5 12.09 66.67 66.67
Total 471.98

196.79

129.06

 668.77 426.82
428.61
Less : Inter Segment Revenue 0.00 0.00 0.00 0.00 0.00 1.79
Sales/ Income from Operations 471.98

196.79

129.06

 668.77 426.82
426.82
Segment Results
(Profit(+)/Loss(-)before Tax and Interest from each Segment) 		           
a) Switchgear 47.00 15.25 12.71 62.25 40.44 40.44
b) Cable & Wire 22.27 15.44 7.48 37.71 21.11 21.11
c) Electrical Consumer Durables 14.22 6.43 3.38 20.65 2.83 2.83
d) Other (1.14) (1.58) (3.49) (2.72) (9.44) (9.44)
Total 82.35

35.54

20.08

 117.89 73.82 73.82
Less:
(i) Interest		 8.63 4.88 3.18 13.51 11.97 11.97
(ii) Other un-allocable expenditure net of un-allocable income 43.14 18.02 7.09 61.16 31.74 31.74
Total Profit before Tax 30.58

12.64

9.81

 43.22 30.11 30.11
Capital Employed (Segment assets - Segment liabilities)            
a) Switchgear 110.54 115.76 66.28 115.76 66.28 66.28
b) Cable & Wire 52.54 61.11 47.96 61.11 47.96 47.96
c) Electrical Consumer Durables 56.17 66.18 18.61 66.18 18.61 18.61
d) Others 24.4 25.5 32.60 25.50 32.60 32.60
Total 243.65

268.55

165.45

 268.55 165.45 165.45
Notes:
1. The figures of the previous year/ period have been regrouped and re-arranged wherever required to make it comparable with corresponding current year / period.

2.  Information on investors grievances for the quarter : (in Nos.) : Opening Balance - 0, New - 1, Disposal - 1, Closing Balance - 0

3. The proceeds of the 235-4% Unsecured Fully Convertible Debentures of Rs.10,00,000/- each issued and allotted during the year to Shine Limited on preferential basis have been utilised for setting up unit at Baddi (H.P), expansion at NOIDA, Badli and Faridabad units. There are no unutlised monies lying out of proceeds of the debenture issue as on the date of the Balance Sheet.

4.  The Meter business of the Company has been re-grouped under the heading 'Other Segment' as the contribution from Meter Division has come down below 10% of the total business of the Company.

5. The Board of Directors recommended a Final Dividend @50% for the financial year 2004-05 (i.e. Rs.2.50 per share of Rs.5/- each). This would results in appropriation of Rs.327.65 Lacs

6.The BODs of the Company at their meeting held on May 12, 2005 has recommended issue of bonus shares at the ratio of 1:1 i.e. one equity shares for every one equity share held as on the record date to be determined by the BODs after the Annual General Meeting.
 
7.  During the year, the Company has incorporated Havells (UK) Limited a 100% Foreign Subsidiary company in U K..
 
8. During the year, there being no operational income in the subsidiary company, segment wise results have not been consolidated.
 
9. The above results including the consolidated results of its subsidiary company were reviewed by the Audit Committee and taken on record in the meeting of the Board of Directors held on May 12, 2005.

By Order of the Board
For Havells India Limited
 
Noida, 12th May, 2005 Qimat Rai Gupta
Chairman Cum Managing Director