BILT's Audited Consolidated financial results for FY 2008 - 09 and Q4 FY 2009
BILT's full year PAT at Rs. 1879 million; BILT's Q4 FY 2009 Revenues at Rs. 7243 million; BILT's full year Revenues at Rs. 28247 million; Dividend declared @ 25 %
Tweet-- Ballarpur Industries Limited (BILT), today announced its financial and operating results for FY 2008-09 and Q4 FY 2009.
*BILT follows a July 1 – June 30 fiscal year; therefore the current announcement covers the Company’s financial performance for the fourth quarter and twelve months of Fiscal 2009.
Performance highlights for FY 2009 vs FY 2008
FY 2009 (July – June 2009) compared with FY 2008 (July – June 2008):
Paper and Paper products revenues are higher by 9.34% to Rs.26512 million compared to Rs.24247 million in the last year. EBIDTA at Rs.6660 million from Rs.7240 million, while PBT is at Rs. 2524 million compared to Rs 3740 million. The Company’s cash generation from operations (PAT + Depreciation & Amortization + Deferred Tax Liability) at Rs 4821 million from Rs.5354 million.
Q4 FY 2009 (April – June 2009) compared with Q4 FY 2008 (April – June 2008):
Paper and Paper products Revenues have grown by 4.09 % at Rs 7095 million compared to Rs 6816 million over the same quarter in previous year. EBIDTA for the quarter at Rs.1785 Million compared to 1832 Million, while PBT at Rs 567 million from Rs 903 Million. The Company’s cash generation from operations (PAT + Depreciation & amortization + Deferred Tax Liability) has increased 12.90 % to Rs1540 million from Rs 1364 million.
· Revenue’s (consolidated) for the current quarter was Rs.724.28 Crores as against Rs.793.63 Crores in corresponding quarter of previous year (07-08).
The reconciliation of the current quarter revenues (Q4’09) with previous year corresponding quarter (Q4’ 08) is as follows:(a) The paper revenue in India has increased by Rs.83 crores during the quarter compared to the corresponding quarter in the previous year.
(b) However, there has been a dip in revenue of Rs. 89 crores in unit Kamalapuram on account of Pulp sales for the quarter on account of sluggish demand for Rayon Grade Pulp.
(c) The drop in revenue in SFI during the quarter was Rs. 59 crores.
· The Consolidated EBIDTA for the quarter was Rs.178.46 Crores as against Rs.183.16 Crores in the corresponding previous quarter.
While the EBIDTA for the domestic paper business increased to Rs.173.06 crores (29%) from Rs.124.70 crores (24%) during the corresponding quarter in the previous year, average drop in EBIDTA is on account of
(a) The drop in EBIDTA by Rs.29.79 crores in unit Kamalapuram.
(b) The drop in EBIDTA by Rs.16.02 crores in SFI.
Operating overview:1 PBT at Rs. 2524 million, while the Net Profit at Rs.1879.
2 Net Profit at Rs 1879 millions from Rs 3036 millions.
3 EBITDA for the year at Rs.6660 millions from Rs 7240 millions.
4 EBITDA margin (net of excise, internal transfers and other income) was 24 % for the year as compared to 26 % during the previous year.
5 Fully Diluted EPS at Rs 2.72 as compared to Rs .4.76.
6 Total writing and printing paper production of 167893 MT in Q4 FY 2009 compared to 152351 MT in Q4 FY 2008.
7 Total writing and printing paper production of 604731 MT during the year as compared to 599929 MT in the last year.
8 Total writing & printing paper sales of 167573 MT in Q4 FY 2009 compared with 159979 MT in Q4 FY 2008.
9 Total writing and printing paper sales at 605735 MT during the year as compared to 600411 MT in the last year.
10 Interest costs at Rs. 413 million during the fourth quarter vis-a-vis Rs. 371 million in corresponding quarter of previous year. Yearly interest cost at Rs. 1708 million.
11 The gross revenues for the current year was Rs. 3018 Crores.
12 The PAT was Rs. 188 Crores as against Rs 304 Crores.
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 Industries, Biltech Building Elements, Salient Business Solutions, and Avantha Technologies. International subsidiaries include Pauwels, SFI, Intergarden, Ganz, Microsol, Sonomatra, MSE Power Systems and Puszta Konzerv.
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.
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 first Indian paper company to feature among the global top 100.