GUJARAT CARBON AND INDUSTRIES LTD

Regd.Office : Offtel Towers, 6th Floor, R.C.Dutt Road, Vadodara 390 007.
CIN - L24231GJ1974PLC002615; Website - www.gujcarbon.co.in; E-mail - investor_relations@gujcarbon.co.in
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED JUNE 30, 2016
Rs Lakhs

C
D

Corresponding 3 Year to date

3 months
months ended in
figures for
3 months ended
ended
(31- the previous
current period
Particulars
(30-06-2016)
03-2016)
year
(30ended
06-2015)
(30-06-2016)
Whether results are audited or unaudited
Unaudited
Audited
Unaudited
Unaudited
Nature of report standalone or consolidated
Standalone
Standalone
Standalone
Standalone

Part I
1 Revenue From Operations
Net sales or Revenue from Operations
Other operating revenues
Total Revenue from operations (net)
2 Expenses
(a)
Cost of materials consumed
(b)
Purchases of stock-in-trade
Changes in inventories of finished goods, work(c)
in-progress and stock-in-trade
(d)
Employee benefit expense
(e)
Depreciation and amortisation expense
(f)
Other Expenses
1
Legal professional charges
2
Custodial fees
3
Payments for Audit Services
4
Other Assets / Liabilities written off
5
Miscellaneous expenses
Total other expenses
Total expenses
Profit (loss) from operations before other
3
income, finance costs and exceptional items
4
5
6
7
8
9
10
11
12
13
14
15
16
17
22

23

24
25
26
i

Other income
Profit (loss) from ordinary activates before
finance costs and exceptional items
Finance costs
Profit (loss) from ordinary activities after
finance costs but before exceptional items
Prior period items before tax
Exceptional items
Profit (loss) from ordinary activities before tax
Tax Expense
Net profit (loss) from ordinary activities after
tax
Extraordinary items
Net Profit Loss for the period from
continuing operations
Profit (loss) from discontinuing operations
before tax
Tax expense of discontinuing operations
Net profit (loss) from discontinuing operation
after tax
Details of equity share capital
Paid-up equity share capital
Face value of equity share capital
Details of debt securities
Paid-up debt capital
Face value of debt securities
Reserves excluding revaluation reserve
Debenture redemption reserve
Earnings per share
Earnings per share before extraordinary items

Basic earnings per share before extraordinary

items
Diluted earnings per share before extraordinary
items
ii Earnings per share after extraordinary items
Basic earnings per share after extraordinary
items
Diluted earnings per share after extraordinary
items

Year to date
figures for
previous period
ended
(30-06-2015)
Unaudited
Standalone

Previous year
ended
(31-03-2016)
Audited
Standalone

0.22

0.22

0.22

0.22

0.22

0.88

0.15
0.05
0.20

1.19
3.31
1.44
282.36
0.69

0.53
0.00
0.04
0.00
1.02

0.15
0.00
0.05
0.00
0.20

0.53
0.00
0.04
0.00
1.02

3.23
3.31
1.71
282.36
3.65

0.40

288.98

1.59

0.40

1.59

294.26

(0.62)
0.00

(289.20)
0.00

(1.81)
(0.00)

(0.62)
0.00

(1.81)
0.00

(295.14)
0.00

(0.62)
0.00

(289.20)
0.58

(1.81)
0.17

(0.62)
0.00

(1.81)
0.17

(295.14)
1.45

(0.62)

(289.78)

(1.98)

(0.62)

(1.98)

(296.59)

0.00

0.00

0.00

0.00

0.00

7.05

(0.62)
0.00

(289.78)
0.00

(1.98)
0.00

(0.62)
0.00

(1.98)
0.00

(303.64)
0.00

(0.62)
0.00

(289.78)
0.00

(1.98)
0.00

(0.62)
0.00

(1.98)
0.00

(303.64)
0.00

(0.62)

(289.78)

(1.98)

(0.62)

(1.98)

(303.64)

1238.07
1238.07

1238.07
1238.07

1238.07
1238.07

1238.07
1238.07

1238.07
1238.07

1238.07
1238.07

(2331.79)
-

(0.01)

(2.34)

(0.02)

(0.01)

(0.02)

(2.45)

(0.01)

(2.34)

(0.02)

(0.01)

(0.02)

(2.45)

(0.01)

(2.34)

(0.02)

(0.01)

(0.02)

(2.45)

(0.01)

(2.34)

(0.02)

(0.01)

(0.02)

(2.45)

Notes:
1 The above results were recommended by the audit committee and taken on record by the Board of Directors in their Meeting held on August 13, 2016.
2 The above results have been subjected to Limited Review by the Statutory Auditors as required under Regulation 33 of the SEBI (Listing Obligations and
Disclosure Requirements) Regulations, 2015
3 During the quarter there were no Production operations, the cessation of production continuing from March,2007.
4 Provision for interest accrued on certain inter corporate deposits (ICDs) from Group companies has not been made during the quarter. The quantum of such
interest which may be payable is not determined at present as the Company is in negotiation with the lenders and the same shall be provided as and when
finally crystallised.
5 Certain very old outstanding credit and debit balances have been written back / written off / adjusted during the previous quarter based on Managment's
assessment of their settlement. The nett effect of such adjustments amounting to Rs 282.36 Lacs (including interest receivable on ICDs etc of Rs 237.1 Lacs)
has been reflected in the financial results for the said quarter / year.
6 As a matter of prudence, deferred tax assets has not been recognised for the quarter ended June 30, 2016.
7 The Auditors have stated that they are unable to express an opinion whether the Company can operate as a going concern and its consequent impact on the
financial statements.
Management comments pertaining to the quarter ended June 30, 2016 are given below:
8 Interest liability on certain ICDs has not been provided since revised terms are in the process of being negotiated with the lenders and reliefs / waivers are
expected. Liability, if any, will be provided at the time of settlement.
9

Figures for the previous periods / year have been regrouped and rearranged wherever necessary.
By order of the Board
For GUJARAT CARBON AND INDUSTRIES LIMITED

Place: Mumbai
Date: August 13, 2016

R. P. Ganti - Director (DIN:01877314)

Gujarat Carbon And Industries Ltd

August 13, 2016
BSE Limited
Floor No. 25, PJ. Towers,
Dalal Street,
Mumbai - 400001
Dear Sirs,
Scrip Code: 506457
Proceedings of Board Meeting held on August 13, 2016
Pursuant to Regulation 33 of Securities and Exchange Board of India (Listing
Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you
that the Board of Directors of the company at their Meeting held on August 13, 2016,
have approved and taken on record the audited financial results for the quarter ended
June 30, 2015. A copy of the financial results along with the auditors report is
attached herewith for your records.
Thanking you,
Yours faithfully,
For Gujarat Carbon and Industries Limited

(R. P. Ganti)
Director (DIN: 01877314)

CIN - L24231GJ1974PLC002615
Regd Office - 6th Floor, Offtel Towers, R C Dutt Road, Vadodara - 390 007 Telefax:
(0265) 2336468; Web www.gujcarbon.co.in; e-mail
investor_relations@gujcarbon.co.in