BILT Unaudited financial results for H1 FY 2009 - 2010*
BILT H1 FY 2010 PAT at Rs. 1024 million; BILT H1 FY 2010 PBT at Rs. 1319 million; BILT H1 FY 2010 Revenues at Rs 16855 million; BILT H1 FY 2010 Paper Revenues increase 16.61 % to Rs. 14975 million
Tweet-- Ballarpur Industries Limited (BILT) today announced its financial and operating results for H1 FY 2010 and Q2 FY 2010.
According to a statement issued by the Company:
*BILT follows a July 1 - June 30 fiscal year; therefore the current announcement covers the Company's financial performance for the half-year and second quarter of Fiscal 2010.
BILT (H1 FY 2010 v/s H1 FY 2009)
- Paper Revenues increase 16.61% to Rs 14975 million compared with Rs 12842 million. Total Revenue at Rs. 16855 million compared with Rs 14181 million.
- PBIDT at Rs 3829 million vis-a-vis Rs 3500 million.
- PBT at Rs 1319 million vis-a-vis Rs 1627 million.
- PAT at Rs 1024 million vis-a-vis Rs. 1265 million.
- Fully Diluted EPS at Rs 1.41 compared with Rs. 1.80.
BILT (Q2 FY 2010 v/s Q2 FY 2009)
· Consolidated Gross revenues (before Inter Segment Sale) for the quarter was Rs.8944 million as against Rs.6812 million for the corresponding quarter in the previous year.· Net sales (Post Intersegment Sales) for the quarter ended Dec 31,2009 was Rs. 8798 million as against Rs.6463 million for the corresponding quarter in the previous year.
The reconciliation of the same is as follows:
(a) The paper revenue in India has increased by Rs. 980 million (18%) during the quarter compared to the corresponding quarter in the previous year.
(b) The pulp revenue (Unit Kamalapuram) in India has increased by Rs. 859 million (1302%) during the quarter compared to the corresponding quarter in the previous year.
(c) The increased in revenue in SFI during the quarter was Rs. 490 million (49%) during the quarter compared to the corresponding quarter in the previous year.
- The Consolidated EBIDTA for the quarter was Rs.2011 million as against Rs. 1668 million in the corresponding previous quarter.
The overall EBIDTA margin for the current quarter was 23% as against 26% for the corresponding quarter in the previous year. The domestic EBIDTA margin was 23% as against 27% in the previous year.
EBIDTA for the half year ended 31st Dec, 09 was Rs.3956 million as against Rs. 3518 million in the previous half year.
- PBT for the quarter was Rs. 641 million as against Rs.683 million and the same for the half year ended 31st Dec,09 was Rs. 1319 million as against Rs.1627 million.
- PAT for the quarter was Rs. 535 million as against Rs.501 million.
Operating overview
- Total paper production of 380834 MT (lncluding trial run production) in H1 FY 2010 compared to 302442 MT in H1 FY 2009.
- Total paper production of 200709 MT (lncluding trial run production) in Q2 FY 2010 compared to 150629 MT in Q2 FY 2009.
- Total paper sales of 373998 MT (lncluding sale of trial run production) in H1 FY 2010 compared with 285176 MT in H1 FY 2009.
- Total paper sales of 194538 MT (lncluding sale of trial run production) in Q2 FY 2010 compared with 136516 MT in Q2 FY 2009.
Notes to Editor
Avantha
The US$ 4 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 Solutions, 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 equipment 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.
Ballarpur Industries Limited
Ballarpur Industries Limited (BILT), part of the US$ 4 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 Tree Tech 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.