Annual Report - Godrej Industries - 2008-2009

GODREJ INDUSTRIES LIMITED

ANNUAL REPORT 2008-2009

DIRECTOR'S REPORT

To
The Shareholders,

Your Directors have pleasure in submitting the Annual Report along with the
Audited Accounts for the year ended March 31, 2009.

REVIEW OF OPERATIONS:

Your Company's performance during the year as compared with that during the
previous year is summarized below.

Rs. lac
Year ended March 31,
2009 2008

Sales of products and services 81,624 73,531
Other Income 15,504 10,351
Total Income 97,128 83,882
Total Expenditure other than Interest 86,747 66,787
and Depreciation
Profit before Interest, Depreciation 10,381 17,095
and Tax
Depreciation 2,646 2,547
Profit before Interest and Tax 7,735 14,548
Interest and Financial Charges (net) 6,085 3,776
Profit before Tax 1,650 10,772
Provision for Current Tax 123 492
Profit after Current Tax 1,527 10,280
Provision for Deferred Tax (341) (369)
Profit after Current and Deferred 1,868 10,649
Taxation
Profit on sale of undertaking, 26 232
extraordinary item (Net of tax)
Net Profit 1,894 10,881
Adjustments in respect of prior years (86) -
Surplus brought forward 32,437 27,321
Profit after Tax available for 34,245 38,202
appropriation
Appropriation:
Your Directors recommend appropriation
as under:
Dividend on Equity Shares 3,997 3,997
Tax on distributed profits 679 679
Transfer to General Reserve 181 1,089
Surplus Carried Forward 29,388 32,437
Total Appropriation 34,245 38,202

The total income increased by Rs.13,246 lac from Rs.83,882 lac to Rs.97,128
lac. The Net Profit for the year was Rs.1,894 lac as compared to Rs.10,881
lac in the previous year.

DIVIDEND:

The Board of Directors of your Company recommends a final dividend of
Rs.1.25 per equity share of Re.1/- each, aggregating Rs. 3997 lac, the same
amount which was paid in the previous year.