New Delhi, Ballarpur Industries Limited (BILT) today announced its financial and operating results for FY 2009-10 and Q4 FY 2010.

*BILT follows a July 1 - June 30 fiscal year; therefore the current announcement covers the Companys financial performance for the fourth quarter and twelve months of Fiscal 2010.

Performance highlights for FY 2010 vs FY 2009

FY 2010 (July - June 2010) compared with FY 2009 (July - June 2009)

Paper and Paper products revenues are higher by 27.59% to Rs. 33826 million compared to Rs. 26512 million in the last year. EBIDTA at Rs. 8382 million from Rs. 6660 million, while PBT is at Rs. 2794 million compared to Rs. 2524 million. The Companys cash generation, from operations (PAT + Depreciation & Amortization + Deferred Tax Liability) at Rs. 5757 million from Rs. 4821 million.

Q4 FY 2010 (April - June 2010) compared with Q4 FY 2009 (April - June 2009)

Paper and Paper products Revenues have grown by 36.41 % at Rs. 9678 million compared to Rs. 7095 million over the same quarter in previous year. EBIDTA for the quarter at Rs. 2385 Million compared to 1785 Million, while PBT at Rs. 912 million from Rs. 567 Million. The Companys cash generation from operations (PAT + Depreciation & amortization + Deferred Tax Liability) has increased 5.88% to Rs. 1631 million from Rs. 1540 million.

Operating overview

   1. PBT at Rs. 2794 million, while the Net Profit at Rs. 2404 million.
   2. Net Profit at Rs. 2404 millions from Rs 1879 millions.
   3. EBITDA for the year at Rs. 8382 millions from Rs. 6660 millions.
   4. Fully Diluted EPS at Rs. 3.11 as compared to Rs. 2.72
   5. Total writing and printing paper production of 209418 MT in Q4 FY 2010 compared to 167893 MT in Q4 FY 2009.
   6. Total writing and printing paper production of 796718 MT during the year as compared to 604731 MT in the last year.
   7. Total writing & printing paper sales of 210582 MT in Q4 FY 2010 compared with 167572 MT in Q4 FY 2009.
   8. Total writing and printing paper sales at 792971 MT during the year as compared to 605734 MT in the last year.
   9. Interest costs at Rs. 685 million during the fourth quarter vis-a-vis Rs. 413 million in corresponding quarter of previous year. Yearly interest cost at Rs. 2371 million.
  10. The Revenues for the current year was Rs.38185 Million.
  11. The PAT was Rs.2404 Million as against Rs. 1878 Million.

Notes to Editor

Avantha

The US$ 4 bn Avantha Group is one of Indias 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 (Belgium), Sabah Forest Industries (Malaysia), Intergarden (Belgium), Ganz (Hungary), Microsol (Ireland), Sonomatra (France), MSE Power Systems (USA), Puszta Konzerv (Hungary) and Power Technology Solutions (UK).

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.

Ballarpur Industries Limited

Ballarpur Industries Limited (BILT), part of the US$ 4 billion Avantha Group, is Indias largest manufacturer of writing and printing (W&P) paper. BILTs subsidiaries include Sabah Forest Industries (SFI), Malaysias largest pulp and paper company, and BILT TreeTech Limited (BTTL), which runs BILTs 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 Indias largest exporter of coated paper. BILTs acquisition of SFI in 2007 was a watershed event - it was the first overseas acquisition by an Indian paper company, it transformed BILT into a major regional player, and elevated BILTs ranking among the global top 100.