Annual Report FY 2009-10 - Welspun

th15 Annual Report 2009-10• In FY 2010, on annualized basis, our Company achieved over 54% capacity utilization. The installed Capacity is 1.5 milliontons/annum, making our company one of the largest line pipe company in the World.• Production reached all time high of 814k tons, pipe CAGR of 21% over a period of 5 years. Plate production achieved was 384ktons.• Sales volume for pipes were 816k tons witnessing a growth of 17%, Plate division achieved an overall sale of 387 k, external salebeing 309k tons and internal sale being 78k tons.Consolidated Revenues ( Rs. in Million)CAGR (2006-2010) : 42%100,00075,00057,39573,50350,00025,00018,29826,83439,94502005-06 2006-07 2007-08 2008-09 2009-10• Sales increased by 28% in FY 10 compared to the previous year with a CAGR of 42% over a period of 5 years on account of high pipevolume, plate volume and improved realization.2. Breakup of various cost items as a percentage of sales & services (“Net Sales”)Element of CostFY 2009-10 FY 2008-09SalesCost of goods soldAmount(Rs Million)(%)Amount(Rs in Million)73,503 100.0 57,395100.047,484 64.6 40,033 69.7(%)Manufacturing & Other Expenses- Store & spares consumed- Coating & other Job charges- Power, fuel & water charges- Material handling charges- Freight expenses- Staff costOther expenses1,835 2.5 915 1.6173 0.2 2,417 4.21,682 2.3 1,332 2.31,356 1.8 1,963 3.41,317 1.8 1,898 3.32,779 3.8 1,322 2. 33,690 5.0 1,168 2. 0Total ExpensesEBITDA ( Operational)60,317 82.013,186 18.051,048 89.06,348 11.0Other IncomeFinance Cost (Net)Depreciation185 - 187 -2,071 2.8 1,766 3.12,061 2.8 1,433 2.5PBT (Profit before Tax)9,240 12.63,336 5.8Provision for TaxPAT (Profit after Tax)3,136 4.3 1,200 2.16,104 8.3 2,135 3.740