Audited Financial Results for the Year Ended 31st March 2009

 [ Rs. in Lakhs ]
 SR. NO. DESCRIPTION  Audited year ended
 31-Mar-2009 31-Mar-2008
    
 1 (a) Net Sales/ Income from Operation 115499 93555
  (b) Other Operating Income 778 680
   116277 94235
    
 2 Expenditure :  
  a. Increase / decrease in stock in trade and works in progress 0 0
  b. Consumption of Raw Materials (Fuel) 84866 59570
  c. Purchase of traded goods 0 0
  d. Employees Cost 2282 2363
  e. Depreciation 8835 8831
   f. Other Expenditure 7286 6323
  g. Total 103269 77087
    
 3 Profit from operations before other income,Interest and Exceptional Items ( 1- 2 ) 13008 17148
    
 4 Other Income 841 2009
    
 5 Profit before Interest and Exceptional Items ( 3 + 4 ) 13849 19157
    
 6 Interest 2956 5132
    
 7 Profit after Interest but before Exceptional Items ( 5 - 6 ) 10893 14025
    
 8 (a) Prior Period items -50 0
  (b) Exceptional Items 0 0
    
 9 Profit (+)/Loss (-) from ordinary activities before tax ( 7+ 8 ) 10843 14025
    
 10 Tax Expenses  
   - Current Tax  2107 2715
   - Fringe Benefit Tax 42 52
   - Deferred Tax 162 308
   - Tax Adjustments of earlier years 0 721
   2311 3796
    
 11 Net Profit (+)/Loss (-) from Ordinary Activities after tax ( 9 - 10 ) 8532 10229
    
 12 Extraordinary items (net of tax expense ) 0 0
    
 13 Net Profit (+)/Loss (-) for the period ( 11 - 12 ) 8532 10229
    
 14 Paid-up Equity Share Capital 15125 15125
  [ Face value of share Rs. 10/- each ]  
    
 15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year 103213 98575
    
 16 Earning per Share ( in Rs. )  
  a. Basic and Diluted EPS before Extraordinary items for the period, for the year to date and for the previous year (not to be annualized ) 5.64 6.76
  b. Basic and Diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized ) 5.64 6.76
    
 17 Public Shareholding  
   - Number of Shares 63210927 63210927
   - Percentage of Shareholding 41.79% 41.79%
    
 18 Promoters and promoter group Shareholding  
  a) Pledged/Encumbered  
   - Number of shares NIL N.A.
   - Percentage of shares ( as a % of the total shareholding of  NIL N.A.
   promoter and promoter group)  
   - Percentage of shares ( as a % of the total share capital of  NIL N.A.
   the Company)  
    
  b) Non - encumbered  
   - Number of shares 88040261 N.A.
   - Percentage of shares ( as a % of the total shareholding of  100.00% N.A.
   promoter and promoter group)  
   - Percentage of shares ( as a % of the total share capital of  58.21% N.A.
   the Company)  

Notes

  1. The Company has only one reportable business segment namely ‘Power Generation”.
  2. Corresponding figures of the previous year have been regrouped wherever necessary to make them comparable with current year.
  3. Disclosure relating to No. of Complaints from investors during the quarter: (Jan-09 to March-09), Pending on 01-01-2009 (04), Received (24), Resolved (22), Pending as on 31-03-2009 (6)
  4. The above Audited Financial Results have been reviewed and recommended by the Audit Committee and taken on record & approved by the Board of Directors in their respective meetings held on 22nd June, 2009.There are no qualifications in the report issued by the auditors.
  5. The Board of Directors has recommended the payment of Dividend of Rs.2.20 per Equity Share (i.e.22%) for the Financial Year 2008-09.


Date: 22/06/09
Place: Gandhinagar

For Gujarat Industries Power Company Limited

[ Lalnunmawia Chuaungo ]
Managing Director


Gujarat Industries Power Company Ltd., P.O. Petrochemical - 391346, Dist.: Vadodara, Gujarat - India
Phone : +91-265-2230182 | Fax : +91-265-2231207 | Gram : GIPCL | Email: genbaroda@gipcl.com

Control Room Vadodara: 0265-2230182/2230183