BILT Unaudited financial results (consolidated) for Q1 FY 2008 - 2009
BILT's Q1 PAT up by 4.7% to Rs. 764.7 million; BILT's Q1 Paper Revenues up by 17.3% to Rs. 7718.2 million
Tweet-- BILT CONSOLIDATED (Q1 FY 2008-09 v/s Q1 FY 2007-08)
· Net revenues increase 17.3% to Rs.7718.2 million compared with Rs 6577.3 million.
· PBIDT higher by 4.90% at Rs 1841.3 million compared with Rs 1755.3 million.
· PAT higher by 4.7% to Rs 769.7 million from Rs 730.7 million.
· Quarterly EPS is at Rs 1.07 on a fully diluted basis compared to Rs. 0.74 in the previous quarter .
· The Company's cash generation from operations (PAT + Depreciation + Deferred Tax Liability+ Amortisation) is Rs 1278 million.
Operating overview· Total paper production of 151813 MT in Q1 FY 2008 compared to 145028 MT in Q1 FY2007.
· Total paper sales of 148660 MT in Q1 FY 2008 compared with 144131 MT in Q1 FY 2007.
Avantha
The US$ 3 bn Avantha Group is one of India's leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech, Salient Business Solutions, and Avantha Technologies. International subsidiaries include Pauwels, SFI, Intergarden, Ganz, Microsol, Sonomatra, MSE Power Systems and Puszta Konzerv Kft.
The Group has business interests in diverse areas including power transmission and distribution equipments and services, paper and pulp, energy and infrastructure, food processing, farm forestry, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
The Group is on an aggressive growth path, with a targeted turnover of US$ 10 bn and a market capitalization of US$ 25 bn by 2013.
Notes to Editor
Ballarpur Industries Limited
Ballarpur Industries Limited (BILT), part of the US$ 3 billion Avantha Group, is India's largest manufacturer of writing and printing (W&P) paper. BILT's subsidiaries include Sabah Forest Industries (SFI), Malaysia's largest pulp and paper company, and BILT TreeTech Limited (BTTL), which runs BILT's farm forestry programme in several states in India.
BILT has six manufacturing units across India, which give the company geographic coverage over most of the domestic market. BILT has a dominant share of the high-end coated paper segment in India. The company accounts for over 50% of the coated wood-free paper market, an impressive 85% of the bond paper market and nearly 45% of the hi-bright Maplitho market, besides being India's largest exporter of coated paper. BILT is the only Indian paper company to feature among the global top 100 – its ranking having been elevated to 87 with SFI's acquisition in 2007.