Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, Website :
www.tataglobalbeverages.com
Audited Financial Results for the three months ended March 31, 2016
Rs. In Crores
|
Particulars
|
Three Months Ended
|
Year to date ended
|
|
|
March 31
2016
|
December 31
2015
|
March 31
2015
|
March 31
2016
|
March 31
2015
|
|
Net Sales / Income from Operations (Net of excise duty)
|
668.56
|
765.90
|
649.14
|
2984.49
|
2797.71
|
|
Other Operating Income
|
31.62
|
19.60
|
22.35
|
99.43
|
86.81
|
|
Total Income from Operations (Net)
|
700.18
|
785.50
|
671.49
|
3083.92
|
2884.52
|
|
a) Cost of materials consumed
|
443.74
|
496.35
|
460.08
|
1888.96
|
1872.87
|
|
b) Purchase of stock-in-trade
|
4.09
|
6.02
|
0.68
|
11.93
|
1.53
|
|
c) Changes in inventories of finished goods and stock-in-trade
|
(32.37)
|
(20.91)
|
(62.56)
|
(3.95)
|
(27.99)
|
|
d) Employees benefits expense
|
46.04
|
51.13
|
48.10
|
186.88
|
161.92
|
|
e) Depreciation and Amortization expense
|
6.10
|
5.63
|
5.54
|
22.79
|
19.94
|
|
f) Advertisement and Sales charges
|
56.44
|
73.83
|
40.32
|
279.64
|
207.66
|
|
g) Other Expenses
|
111.13
|
89.28
|
98.29
|
378.23
|
351.59
|
|
Total Expenses
|
635.17
|
701.33
|
590.45
|
2764.48
|
2587.52
|
|
Profit from Operations before Other Income, Finance Costs & Exceptional
Items
|
65.01
|
84.17
|
81.04
|
319.44
|
297.00
|
|
Other Income
|
23.60
|
3.11
|
13.39
|
106.57
|
155.16
|
|
Profit from ordinary activities before Finance costs & Exceptional Items
|
88.61
|
87.28
|
94.43
|
426.01
|
452.16
|
|
Finance Costs
|
(9.17)
|
(11.88)
|
(10.15)
|
(29.61)
|
(34.19)
|
|
Profit from ordinary activities after Finance costs but before Exceptional
Items
|
79.44
|
75.40
|
84.28
|
396.40
|
417.97
|
|
Exceptional items (Net)
|
268.54
|
(0.97)
|
(67.62)
|
264.57
|
(68.92)
|
|
Profit from ordinary activities before Tax
|
347.98
|
74.43
|
16.66
|
660.97
|
349.05
|
|
Tax Expense
|
(11.48)
|
(23.51)
|
26.25
|
(97.30)
|
(60.05)
|
|
Net Profit for the period
|
336.50
|
50.92
|
42.91
|
563.67
|
289.00
|
|
Paid-up equity share capital (Face value of Re 1 each)
|
63.11
|
63.11
|
63.11
|
63.11
|
63.11
|
|
Reserve excluding Revaluation Reserves
|
-
|
-
|
-
|
2810.93
|
2416.68
|
|
Earnings per share (Basic & Diluted) (not annualised for quarter ended) -
Rs
|
5.33
|
0.81
|
0.68
|
8.93
|
4.58
|
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, Website :
www.tataglobalbeverages.com
Audited Statement of Assets and Liabilities as at March 31, 2016
Rs. In Crores
|
Particulars
|
As at March 31 2016
|
As at March 31 2015
|
|
|
|
Audited
|
Audited
|
|
A
|
EQUITY AND LIABILITIES
|
|
|
|
1
|
SHAREHOLDERS' FUNDS
|
|
|
|
|
(a) Share Capital
|
63.11
|
61.84
|
|
|
(b) Reserves and Surplus
|
2832.79
|
2438.54
|
|
|
(c) Share Suspense Account
|
-
|
1.27
|
|
|
Sub-total - Shareholders' funds
|
2895.90
|
2501.65
|
|
2
|
Non-current liabilities
|
|
|
|
|
(a) Long-term borrowings
|
-
|
325.00
|
|
|
(b) Other long-term liabilities
|
-
|
72.54
|
|
|
(c) Long-term provisions
|
177.87
|
114.02
|
|
|
Sub-total - Non-current liabilities
|
177.87
|
511.56
|
|
3
|
Current Liabilities
|
|
|
|
|
(a) Short-term borrowings
|
52.61
|
152.50
|
|
|
(b) Trade Payables
|
198.38
|
143.88
|
|
|
(c) Other current liabilities
|
544.95
|
153.48
|
|
|
(d) Short-term provisions
|
195.21
|
192.61
|
|
|
Sub-total - Current liabilities
|
991.15
|
642.47
|
|
TOTAL - EQUITY AND LIABILITIES
|
4064.92
|
3655.68
|
|
|
|
|
|
|
B
|
ASSETS
|
|
|
|
1
|
Non-current assets
|
|
|
|
|
(a) Fixed Assets
|
209.36
|
204.61
|
|
|
(b) Non-current investments
|
2264.34
|
2231.86
|
|
|
(c) Deferred tax Assets
|
39.48
|
45.75
|
|
|
(d) Long-term loans and advances
|
120.50
|
71.79
|
|
|
(e) Other non-current assets
|
70.50
|
70.50
|
|
|
Sub-total - Non-current assets
|
2704.18
|
2624.51
|
|
2
|
Current assets
|
|
|
|
|
(a) Inventories
|
889.71
|
819.27
|
|
|
(b) Trade Receivables
|
124.09
|
93.62
|
|
|
(c) Cash & Bank balance
|
239.20
|
21.01
|
|
|
(d) Short-term loans and advances
|
104.47
|
93.36
|
|
|
(e) Other current assets
|
3.27
|
3.91
|
|
|
Sub-total - Current assets
|
1360.74
|
1031.17
|
|
|
|
|
|
|
TOTAL ASSETS
|
4064.92
|
3655.68
|
Notes:
1. For the financial year, Income from operations at Rs 3084 crores
increased by 7% over the previous year driven by improved performance in branded tea operations. Profit from Operations at Rs 319
crores is higher than the previous year reflecting improved operating performance. Profit after tax at Rs 564 crores is
significantly higher than previous year on account of exceptional items.
2. For the quarter, Income from Operations at Rs 700 crores
increased by 4% over the corresponding quarter of previous year. Profit from Operations for the quarter was lower on account of
impact of new product launches. Profit after tax for the quarter at Rs 337 crores is significantly higher as compared to
corresponding quarter of previous year on account of exceptional items.
3. The financial results include the following under Exceptional
Items :
In Rs Crores
|
Particulars
|
Year ended
|
|
Mar 31
2016
|
Mar 31
2015
|
|
Profit on sale of Non-Core Investments
|
328
|
-
|
|
Levy relating to past demerged business
|
(3)
|
-
|
|
Provision for retrospective amendment of legislation relating to employee
benefit
|
(1)
|
-
|
|
Expenditure on new initiatives and restructuring activities
|
-
|
(7)
|
|
Provision for Impairment/obligations relating to an Overseas Joint Venture
Company
|
(52)
|
(62)
|
|
Provision for Impairment of Intangible
|
(7)
|
-
|
|
Income/(Expenditure) - Net
|
265
|
(69)
|
4. The Company is primarily engaged in tea with some presence in
coffee and water. As per the threshold limits prescribed under Accounting Standard (AS-17) on "Segment Reporting" specified under
section 133 of the Companies Act, 2013 read with Rule 7 of the Companies (Accounts) Rules, 2014, the Company's reportable
activity falls within a single business segment, viz "Buying / Blending and Sale of tea in bulk and value added form" and hence
the disclosure requirements are not applicable.
5. Previous period's figures have been rearranged/ regrouped to the
extent necessary, to conform to the current period's figures. Consequent to a scheme of amalgamation, figures for current periods
include the results of erstwhile Mount Everest Mineral Water Limited and hence are not strictly comparable with the periods of
the last financial year.
6. Information pursuant to requirement of Regulation 52(4) and
Regulation 54(2) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements Regulation 2015)
for financial year ended 31st March 2016:
|
Particulars
|
As at 31st March 2016
|
|
Credit Rating
|
Credit rating by ICRA for the NCD programme is AA+
|
|
Asset Cover
|
1.3
|
|
Debt Equity Ratio
|
0.13
|
|
Previous due date for :
Payment of Interest
Principal
|
23rd October 2015
Not Applicable
|
|
Next due date for :
Payment of Interest
Principal
|
22nd October 2016
22nd October 2016
|
|
Debt Service Coverage Ratio
|
14.39
|
|
Interest Service Coverage Ratio
|
14.39
|
|
Outstanding Redeemable Preference Shares
|
Nil
|
|
Capital Redemption Reserves
|
Nil
|
|
Debenture Redemption Reserves
|
Rs 81.25 crores
|
|
Net Worth
|
Rs 2895.90 crores
|
|
Net Profit after tax
|
Rs 563.67 crores
|
|
Earnings per share (Rs)
|
8.93
|
|
Security on Outstanding Debentures of Rs 325 crores
|
Secured by way of a first mortgage on certain immovable assets of the company and partly by
pledge of shares of certain companies held as investments.
|
7. Figures of the quarter ended March 31, 2016 and March 31, 2015
are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to
the third quarter of the relevant financial year.
8. Statement of Asset and Liabilities as at March 31, 2016 along
with comparatives is annexed.
9. The Board of Directors has recommended a dividend payment of Rs.
2.25 per share (Face value Re. 1 each) for the year ended March 31, 2016.
10. The aforementioned results were reviewed by the Audit Committee of the
Board on May 23, 2016 and subsequently taken on record by the Board of Directors at its Meeting held on May 24, 2016. The
statutory auditors of the company have audited these results.
|
|
Cyrus P Mistry
|
|
Mumbai, May 24, 2016
|
(Chairman)
|
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, Website :
www.tataglobalbeverages.com
Consolidated Financial Results for the three months ended March 31, 2016
Rs. In Crores
|
Particulars
|
Unaudited Three Months Ended
|
Audited Year Ended
|
|
|
March 31
2016
|
December 31
2015
|
March 31
2015
|
March 31
2016
|
March 31
2015
|
|
Income from Operations
|
|
|
|
|
|
|
Net Sales / Income from Operations (Net of excise duty)
|
1927.99
|
2050.63
|
1874.58
|
7981.70
|
7832.67
|
|
Other Operating Income
|
37.58
|
30.84
|
48.07
|
128.81
|
160.72
|
|
Total Income from Operations (Net)
|
1965.57
|
2081.47
|
1922.65
|
8110.51
|
7993.39
|
|
a) Cost of materials consumed
|
850.09
|
898.59
|
919.21
|
3605.00
|
3625.12
|
|
b) Purchase of stock-in-trade
|
86.41
|
81.54
|
66.61
|
330.54
|
263.47
|
|
c) Changes in inventories of finished goods, work in progress and
stock-in-trade
|
(28.61)
|
12.54
|
(97.79)
|
(10.13)
|
(51.25)
|
|
d) Employee benefits expense
|
229.29
|
238.57
|
221.27
|
902.01
|
857.67
|
|
e) Depreciation and Amortization Expenses
|
33.87
|
38.02
|
25.66
|
142.93
|
133.11
|
|
f) Advertisement and Sales charges
|
337.47
|
359.10
|
307.91
|
1368.77
|
1325.57
|
|
g) Other Expenses
|
324.90
|
318.99
|
317.08
|
1239.66
|
1197.95
|
|
Total Expenses
|
1833.42
|
1947.35
|
1759.95
|
7578.78
|
7351.64
|
|
Profit from Operations before Other Income, Finance Costs & Exceptional
Items
|
132.15
|
134.12
|
162.70
|
531.73
|
641.75
|
|
Other Income
|
15.73
|
9.46
|
8.47
|
70.60
|
69.98
|
|
Profit from ordinary activities before Finance costs & Exceptional Items
|
147.88
|
143.58
|
171.17
|
602.33
|
711.73
|
|
Finance Costs
|
(18.15)
|
(22.68)
|
(18.37)
|
(68.77)
|
(81.86)
|
|
Profit from ordinary activities after Finance costs but before Exceptional
Items
|
129.73
|
120.90
|
152.80
|
533.56
|
629.87
|
|
Exceptional items (Net)
|
30.00
|
(10.46)
|
(102.52)
|
11.88
|
(129.99)
|
|
Profit from ordinary activities before Tax
|
159.73
|
110.44
|
50.28
|
545.44
|
499.88
|
|
Tax Expense
|
(51.87)
|
(48.17)
|
(35.58)
|
(210.40)
|
(215.52)
|
|
Net Profit after Tax
|
107.86
|
62.27
|
14.70
|
335.04
|
284.36
|
|
Share of Profit/(Loss) from Associates
|
(22.82)
|
6.22
|
(24.02)
|
(1.41)
|
(10.88)
|
|
Minority Interest in Consolidated Profit
|
21.49
|
(9.34)
|
13.22
|
(7.72)
|
(25.66)
|
|
Group Consolidated Net Profit
|
106.53
|
59.15
|
3.90
|
325.91
|
247.82
|
|
Paid-up equity share capital (Face value of Re 1 each)
|
63.11
|
63.11
|
63.11
|
63.11
|
63.11
|
|
Reserve excluding Revaluation Reserves
|
-
|
-
|
-
|
5614.58
|
5388.45
|
|
Earnings per share (Basic & Diluted) (not annualised for quarter end) - Rs
|
1.69
|
0.94
|
0.06
|
5.16
|
3.93
|
Notes:
1. For the financial year, Income from operations at Rs 8111 Crores
increased by 3% in constant currency terms. Profit from operations at Rs 532 Crores is lower than the previous year due to spend
on new initiatives, new launches and higher competitive intensity in certain key markets. Post the impact of exceptional items,
the Group Consolidated Net Profit at Rs 326 crores reflects an increase of 32%.
2. For the quarter, Income from operations at Rs 1966 Crores
increased by 1% in constant currency terms. Profit from operations at Rs 132 Crores is lower than the corresponding quarter of
the previous year due to spends on new initiatives, new launches and higher competitive intensity in certain key markets. Post
the impact of exceptional items, the Group Consolidated Net Profit is Rs 103 Crores higher than the corresponding quarter of the
previous year.
3. The financial results includes the following under Exceptional
Items :
In Rs Crores
|
Particulars
|
Year ended
|
|
Mar 31
2016
|
Mar 31
2015
|
|
Profit/(loss) on sale of long term investments
|
328
|
(18)
|
|
Write back on change in Accounting Policy*
|
17
|
-
|
|
Impairment of intangible / other assets**
|
(288)
|
(95)
|
|
Reorganisation and Restructuring cost
|
(19)
|
(18)
|
|
Acquisition related expenditure
|
(13)
|
-
|
|
Provision for retrospective amendment of legislation relating to employee
benefits
|
(5)
|
-
|
|
Levy relating to past demerged business
|
(3)
|
-
|
|
Other exceptional items
|
(5)
|
1
|
|
Income/(Expenditure) - Net
|
12
|
(130)
|
* During the year, an Indian subsidiary of the Company has revised
its policy of providing depreciation on fixed assets with effect from April 1, 2015. Depreciation is now provided on a straight
line basis for all assets as against the policy of providing on written down value basis for certain assets. The adoption of new
policy resulted in depreciation for the year 2015-16 being lower by Rs 3 Crores and the write back of depreciation amounting to
Rs. 17 Crores relating to earlier years.
** Represents non-cash impairment loss mainly on goodwill relating to the branded businesses in
Eastern Europe and branded tea business in the US. While the Company is actively pursuing various growth opportunities, the
accounting impairment has been recognised due to factors like macro-economic instability, decline in category growth rate and
higher competitive intensity. In addition the group also provided for partial diminution in the value of certain inventory
items.
4. Actuarial loss (net of tax and minority interest) of Rs 24.77
Crores for the quarter, relating to defined benefit pension scheme of overseas subsidiaries have been accounted in Reserves in
the Consolidated Financial Statement applying the principles of Accounting Standard 21 and in line with the policy followed by
the overseas subsidiaries and other companies in compliance with the relevant overseas accounting framework. Further, the current
policy is consistent with IND-AS 19 - Employee Benefits (mandatorily applicable from April 1, 2016) wherein, the actuarial gains
and losses on defined benefit plans are not required to be recognised in the Statement of Profit and Loss. Had the accounting
policy of recognising the actuarial gains and losses of pension scheme of the overseas subsidiaries in the Statement of Profit
and Loss been followed, the Consolidated Net Profit for the Group would have been lower by Rs 24.77 Crores and Rs 37.77 Crores
for the quarter and the year ended March 31, 2016 respectively.
The Statutory Auditors have invited attention to this in their Audit Report.
5. The major part of the Holding Company's business arises from
operations outside India and through its subsidiaries. In view of this the Company has opted to publish only consolidated results
for the year as permitted under SEBI guidelines. The Total Income from Operations, Profit before tax and Profit after tax of the
Holding Company's standalone financial results are given below:
|
In Rs Crores
|
Three months ended
|
Year ended
|
|
|
Mar 31
2016
|
Dec 31
2015
|
Mar 31
2015
|
Mar 31
2016
|
Mar 31
2015
|
|
Total Income from Operations (Net)
|
700
|
786
|
671
|
3084
|
2885
|
|
Profit before Tax
|
348
|
74
|
17
|
661
|
349
|
|
Profit after Tax
|
336
|
51
|
43
|
564
|
289
|
|
Earnings per share - Rs*
*not annualised for the quarter end
|
5.33
|
0.81
|
0.68
|
8.93
|
4.58
|
6. Figures for the quarter ended March 31, 2016 and March 31, 2015
are the balancing figures between audited figures in respect of the full financial year and published year to date figures up to
the third quarter of the relevant financial year.
7. Consolidated statement of Asset and Liabilities as at March 31,
2016 along with comparatives is annexed.
8. The Board of Directors has recommended a dividend payment of Rs
2.25 per share (Face value Re. 1 each) for the year ended March 31, 2016.
9. Previous period's figures have been regrouped / rearranged, to
the extent necessary, to conform to current period's classifications.
10. The aforementioned results were reviewed by the Audit Committee of the
Board on May 23, 2016 and subsequently taken on record by the Board of Directors at its Meeting held on May 24, 2016. The
Statutory Auditors of the company have audited the annual results.
11. The Consolidated and Standalone result for the quarter and the year
ended March'2016 are available on the Bombay Stock Exchange website (URL:www.bseindia.com), the National Stock Exchange website (URL:
www.nseindia.com) and on the Company's website
(URL:www.tataglobalbeverages.com).
Cyrus P Mistry
(Chairman)
Mumbai: May 24,
2016
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, Website :
www.tataglobalbeverages.com
Audited Consolidated Statement of Assets and Liabilities as at March 31, 2016
Rs. In Crores
|
Particulars
|
As at March 31 2016
|
As at March 31 2015
|
|
A
|
EQUITY AND LIABILITIES
|
|
|
|
1
|
SHAREHOLDERS' FUNDS
|
|
|
|
|
(d) Share Capital
|
63.11
|
61.84
|
|
|
(e) Reserves and Surplus
|
5655.81
|
5429.68
|
|
|
(f) Share Suspense Account
|
-
|
1.27
|
|
|
Sub-total - Shareholders' funds
|
5718.92
|
5492.79
|
|
2
|
Minority Interest
|
880.69
|
876.21
|
|
3
|
Non-current liabilities
|
|
|
|
|
(a) Long-term borrowings
|
505.53
|
883.94
|
|
|
(b) Deferred tax liabilities (net)
|
179.81
|
156.42
|
|
|
(c) Other long-term liabilities
|
6.09
|
79.58
|
|
|
(d) Long-term provisions
|
260.28
|
224.99
|
|
|
Sub-total - Non-current liabilities
|
951.71
|
1344.93
|
|
4
|
Current Liabilities
|
|
|
|
|
(a) Short-term borrowings
|
293.07
|
382.03
|
|
|
(b) Trade Payables
|
758.22
|
759.37
|
|
|
(c) Other current liabilities
|
741.27
|
387.32
|
|
|
(d) Short-term provisions
|
273.86
|
269.18
|
|
|
Sub-total - Current liabilities
|
2066.42
|
1797.90
|
|
TOTAL - EQUITY AND LIABILITIES
|
9617.74
|
9511.83
|
|
|
|
|
|
|
B
|
ASSETS
|
|
|
|
1
|
Non-current assets
|
|
|
|
|
(a) Fixed Assets
|
1101.18
|
1076.74
|
|
|
(b) Goodwill on Consolidation
|
3791.79
|
3892.12
|
|
|
(c) Non-current investments
|
600.57
|
617.76
|
|
|
(d) Deferred tax Assets (net)
|
42.28
|
54.25
|
|
|
(e) Long-term loans and advances
|
240.40
|
189.32
|
|
|
(f) Other non-current assets
|
70.50
|
70.50
|
|
|
Sub-total - Non-current assets
|
5846.72
|
5900.69
|
|
2
|
Current assets
|
|
|
|
|
(a) Current investments
|
8.59
|
4.26
|
|
|
(b) Inventories
|
1728.11
|
1625.30
|
|
|
(c) Trade Receivables
|
632.08
|
616.09
|
|
|
(d) Cash & Bank balance
|
538.93
|
544.24
|
|
|
(e) Short-term loans and advances
|
819.17
|
791.59
|
|
|
(f) Other current assets
|
44.14
|
29.66
|
|
|
Sub-total - Current assets
|
3771.02
|
3611.14
|
|
|
|
|
|
|
TOTAL ASSETS
|
9617.74
|
9511.83
|
Tata Global Beverages Limited
Registered Office: 1 Bishop Lefroy Road, Kolkata - 700020
CIN - L15491WB1962PLC031425, Email : investor.relations@tgbl.com, Website :
www.tataglobalbeverages.com
Consolidated Segment wise Revenue, Results and Capital Employed,
under Clause 41, of the Listing Agreement for the three months ended March 31, 2016
Rs. In Crores
|
Particulars
|
Unaudited Three Months Ended
|
Audited Year ended
|
|
|
March 31
2016
|
December 31
2015
|
March 31
2015
|
March 31
2016
|
March 31
2015
|
|
1. Segment Revenue
|
|
|
|
|
|
|
(a) Tea
|
1417.79
|
1517.46
|
1376.02
|
5931.43
|
5880.24
|
|
(b) Coffee & Other Produce
|
525.83
|
539.68
|
520.04
|
2068.25
|
2010.33
|
|
(c) Others
|
21.95
|
24.33
|
26.59
|
110.83
|
102.82
|
|
Total Income from Operations (Net)
|
1965.57
|
2081.47
|
1922.65
|
8110.51
|
7993.39
|
|
2. Segment Results
|
|
|
|
|
|
|
(a) Tea
|
144.24
|
139.40
|
152.85
|
580.05
|
614.97
|
|
(b) Coffee & Other Produce
|
54.14
|
63.11
|
83.26
|
214.40
|
264.38
|
|
(c) Others
|
(16.09)
|
(6.55)
|
(13.75)
|
(41.42)
|
(44.26)
|
|
Total
|
182.29
|
195.96
|
222.36
|
753.03
|
835.09
|
|
Add/(Less)
|
|
|
|
|
|
|
i) Finance Cost
|
(18.15)
|
(22.68)
|
(18.37)
|
(68.77)
|
(81.86)
|
|
ii) Other Un-allocable items, Other Income and Exceptional Items
|
(4.41)
|
(62.84)
|
(153.71)
|
(138.82)
|
(253.35)
|
|
Profit from ordinary activities before Tax
|
159.73
|
110.44
|
50.28
|
545.44
|
499.88
|
|
3. Capital Employed
|
|
|
|
|
|
|
(a) Tea
|
3982.76
|
4399.32
|
3964.43
|
3982.76
|
3964.43
|
|
(b) Coffee & Other Produce
|
2446.69
|
2480.21
|
2368.68
|
2446.69
|
2368.68
|
|
(c) Others
|
32.10
|
53.09
|
54.65
|
32.10
|
54.65
|
|
(d) Unallocated including Investments
|
138.06
|
(135.63)
|
(18.76)
|
138.06
|
(18.76)
|
|
Total
|
6599.61
|
6796.99
|
6369.00
|
6599.61
|
6369.00
|
Notes:
a. Business Segments: The internal business segmentation and the activities encompassed
therein are as follows:
Tea : Cultivation, manufacture, blending and sale of tea in packet, bulk or value added
forms
Coffee and Other Produce : Cultivation of coffee and related plantation crops and sale of coffee
in various value added forms.
Others : Sale of water products and other businesses.
b. The segment wise revenue, results, capital employed figures relate to the respective
amounts directly identifiable to each of the segments. Unallocable expenditures includes expenses incurred on common services at
the corporate level, and exceptional items. Unallocable income includes income from investments and exceptional items.
c. Previous periods figures have been regrouped/rearranged to the extent necessary, to
conform to current period classifications.
Mumbai : May 24,
2016
Cyrus P Mistry
(Chairman)
Information pursuant to requirement of Regulation 52(4) and Regulation 54(2) of the Securities and
Exchange Board of India (Listing Obligations and Disclosure Requirements Regulation 2015) for financial year ended 31st March
2016:
|
Particulars
|
As at 31st March 2016
|
|
Credit Rating
|
Credit rating by ICRA for the NCD programme is AA+
|
|
Asset Cover
|
1.3
|
|
Debt Equity Ratio
|
0.13
|
|
Previous due date for :
Payment of Interest
Principal
|
23rd October 2015
Not Applicable
|
|
Next due date for :
Payment of Interest
Principal
|
22nd October 2016
22nd October 2016
|
|
Debt Service Coverage Ratio
|
14.39
|
|
Interest Service Coverage Ratio
|
14.39
|
|
Outstanding Redeemable Preference Shares
|
Nil
|
|
Capital Redemption Reserves
|
Nil
|
|
Debenture Redemption Reserves
|
Rs 81.25 crores
|
|
Net Worth
|
Rs 2895.90 crores
|
|
Net Profit after tax
|
Rs 563.67 crores
|
|
Earnings per share (Rs)
|
8.93
|
|
Security on Outstanding Debentures of Rs 325 crores
|
Secured by way of a first mortgage on certain immovable assets of the company and partly by
pledge of shares of certain companies held as investments.
|