Sical Logistics FY06 Net Rs 536.9 Mln, Up 73% On Year.CHENNAI Chennai (chĕn`nī), formerly Madras (mədrăs`, mədräs`), city (1991 pop. 5,421,985), capital of Tamil Nadu state, SE India, on the Bay of Bengal. , India -- Sical Logistics Ltd: --FY06 EPS (Encapsulated PostScript) A PostScript file format used to transfer a graphic image between applications and platforms. EPS files contain PostScript code as well as an optional preview image in TIFF, WMF, PICT or EPSI, the latter being an ASCII-only format. Rs 19.14 vs Rs 10.15 a year ago, up 89% --FY06 profit before tax Rs 786.8 mln, up 110% on year --FY06 EBIDTA EBIDTA Earnings Before Interest Depreciation Taxes and Amortization from logistics Rs 965.25 mln, 81% of total segment-wise EBIDTA --"Year of clear thinking and bold decisions"--Sical Vice Chairman ---------------------------------------------------------------------- BSE: 520086 NSE: SICAL Reuters: SICA.BO Bloomberg: SIC@IN ---------------------------------------------------------------------- Sical Logistics Ltd today announced that audited net profit after prior period items for the financial year to 31 March 2006 was Rs 536.9 million, up 73% from Rs 311.3 million in the same period a year ago. Net Profit before prior period items was Rs.651.0 million against Rs 309.9 million a year ago. FY06 net sales Net Sales The amount a seller receives from the buyer after costs associated with the sale are deducted. Notes: This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight were Rs 9.60 billion against Rs 12.14 billion a year ago. EPS for the year was Rs 19.14, up 89% over FY05 EPS of Rs 10.15. EBIDTA of Sical's core logistics business was Rs 965.25 million, contributing 81% of the company's total segment-wise EBIDTA of Rs 1.19 billion. Ashwin Muthiah, Vice Chairman, Sical Logistics, said that the considerable rise in profits and profitability, even as sales fell, was mainly because of, one, success on fronts relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc financial and operational restructuring restructuring - The transformation from one representation form to another at the same relative abstraction level, while preserving the subject system's external behaviour (functionality and semantics). , and, two, an improvement in operational efficiencies. "FY06 was a watershed watershed, elevation or divide separating the catchment area, or drainage basin, of one river system or group of river systems from another system or group of systems. The term is also often used synonymously with drainage basin. of sorts for Sical, a year of clear thinking and bold decisions. We hived off our non-logistics businesses into another entity; chose a new name and new identity to align align (  līn),v to move the teeth into their proper positions to conform to the line of occlusion. with our focus on pure play integrated logistics services; and restructured our financials," he said. "Our recent initiatives relating to investments in pan-India container train operations, the container train terminal at the proposed Nagpur Hub Airport, and expansion of Sical's trucking fleet are a result of the decisions made in FY06," Mr. Muthiah added. DISCUSSION OF SOME OTHER KEY FINANCIALS EXPENDITURE --Cost of services during FY06 was Rs 5.07 billion, down 36% Rs 2.20 billion a year ago. INTEREST was Rs 265.3 million, down 39% from Rs 435.7 million a year ago because of restructuring of closure of certain debts. PROVISION for deferred tax was Rs 105.6 million, up 91.3% from Rs 55.2 a year ago, and for tax relating to previous years Rs113.7 million against Rs 1.4 million in FY05. IMPORTANT DEVELOPMENTS IN FY06 AND RECENTLY --The company announced its decision to hive off hive n. 1. a. A structure for housing bees, especially honeybees. b. A colony of bees living in such a structure. 2. A place swarming with activity. v. non-core businesses to a separate entity; the company's name has since been changed from South India South India is a commonly used term that is used in India to refer to the South-of-India or Southern India. The Southern part of the Indian peninsula is a linguistic-cultural region of India that comprises the four states of Andhra Pradesh, Karnataka, Kerala and Tamil Nadu and the Corporation (Agencies) Ltd to Sical Logistics Ltd. --Sical raised USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 75 million in FCCBs --The Sical-led consortium was given a letter of intent by the Maharashtra Airport Development Company to set up a rail terminal as part of the proposed Multi-modal International Hub Airport at Nagpur in central India. --The company announced it will increase its house fleet of 320 trucks by another 300 trucks in FY07 on increased business from major customers, namely, Caltex, Tamil Nadu Tamil Nadu (tăm`əl nä`d  ), formerly Madras (mədrăs`, mədräs`), state (2001 provisional pop. Petrochemicals, Pepsi India, and
Shell India.--New contracts for increased coal handling through Tuticorin port. The client list for handling of coal in Chennai Port Chennai Port is India's second largest port, after the Port of Mumbai. It is over 125 years old. and fertilizers in Mumbai port has been expanded this year. --Several awards for port handling activities in Chennai, Tuticorin and Ennore ports Ennore Port, located about 24 km north of Chennai Port, Chennai, India is the 12th major port of India, and the first port in India which is a public company. on volumes handled and higher rates of discharge of cargo. ABOUT SICAL Sical Logistics Ltd is India's leading provider of integrated multi-modal logistics for bulk and containerized con·tain·er·ize v.tr. con·tain·er·ized, con·tain·er·iz·ing, con·tain·er·iz·es 1. To package (cargo) in large standardized containers for efficient shipping and handling. 2. cargo-port terminals; port handling; trucking and warehousing; ship agency; container freight stations; customs agency; and offshore supply logistics. Sical's delivery network includes an exclusive walk-in walk-in A new brokerage customer who simply walks into the office. Although walk-ins are generally assigned to brokers, they have the right to specify a preferred broker. berth at Chennai for ships carrying bulk cargo That which is generally shipped in volume where the transportation conveyance is the only external container; such as liquids, ore, or grain. ; 1.9 million square meters Noun 1. square meter - a centare is 1/100th of an are centare, square metre area unit, square measure - a system of units used to measure areas of storage across 104 warehouses; owned and regularly contracted fleet of over 2400 transport vehicles, and container freight stations at 4 locations across India.
Sical Logistics Ltd
Audit financial results for the year to 31 March 2006
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(Rs. in crores)
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Last Last
Quarter Quarter Year Ended Year Ended
Sl. ended ended 31.03.2006 31.03.2005
No. Particulars 31.03.2006 31.03.2005 (Audited) (Audited)
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1 Net Sales / Income
from Operations 269.28 442.55 960.38 1,214.83
2 Other Income 6.00 3.93 8.84 6.67
3 Total Expenditure -
(Increase) /
Decrease in Stock
in Trade (5.03) (3.42) (5.74) (0.45)
Consumption of Raw
Materials 8.92 8.05 49.53 52.14
Purchase of Traded
Goods 80.33 65.15 237.48 213.27
Stores Consumed 1.73 0.86 3.15 1.82
Staff Cost 5.76 7.29 21.53 20.86
Power, Fuel and
Water Charges 1.71 1.24 4.90 5.40
Manufacturing and
Other Expenses 13.75 14.69 32.14 32.34
Cost of Services 132.17 320.57 507.22 795.36
4 P B D I T 35.93 32.05 119.00 100.76
5 Interest 1.53 5.47 26.53 43.57
7 Extraordinary
Income - Profit
on Sale of
Undertakings -
7 Profit before
Extraordinary
Item & Tax 30.50 23.81 78.68 44.38
8 Extraordinary
Item-Loss on sale
of asset - (0.13) 6.89
9 Profit Before Tax 30.50 23.94 78.68 37.49
10 Provision for
Taxation (0.90) 3.69 10.56 5.52
11 Provision for
Deferred Tax 1.58 (1.51) 2.63 (2.16)
12 Provision for
Fringe Benefit
Tax 0.08 - 0.40 -
13 Net Profit /
(Loss) 29.74 19.67 65.10 30.99
14 Prior Period
adjustments 11.41 1.95 11.41 3.00
15 Net Profit /
(Loss) after
prior period
items 18.33 17.72 53.69 27.99
16 Paid - up Equity
Share Capital 30.19 27.55 30.19 27.55
17 Reserves
(Excluding
Revaluation
Reserve) - 284.27 130.97
18 Basic and Diluted
EPS (Rs.) 11.24 6.91 23.21 10.10
19 Aggregate of Non Promoters Shareholding
- Number of
Shares 13,139,174 8,705,519 13,139,174 8,705,519
- Percentage of
Shareholding 43.55% 31.62% 43.55% 31.62%
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