sejal architectural glass limited - Securities and Exchange Board of ...

in the FY 2006 to 85.14% in FY 2007. This decrease was due to improved working capacities and
optimum utilization of the resources available.
Material Purchased and Consumed
Material Purchased and Consumed increased from Rs. 2037.56 Lacs for Fiscal 2006 to Rs. 2512.99 Lacs
for fiscal 2007 showing an increase of 23.33%. This increase was mainly on account on cost of sales of
goods traded. Cost of sales of goods traded was Rs. 370.49 Lacs for the year 2007, this expenditure
was not there in the year 2006. Material Purchased and Consumed as percentage of turnover
decreased from 69.06% for fiscal 2006 to 65.02% for fiscal 2007. This decrease was due to the fact
that increase in turnover was due the increase in the turnover on account of retailing of the glass
products.
Manufacturing and Selling Expenses
Manufacturing and Selling Expenses increased from Rs. 449.02 Lacs for Fiscal 2006 to Rs. 512.02 Lacs
for fiscal 2007 showing an increase of 14.03%. Manufacturing and Selling Expenses as percentage of
turnover decreased from 15.22% for fiscal 2006 to 13.39% for fiscal 2007 due to the reasons
mentioned above.
Administrative and Other Expenses
Administrative Expenses increased from Rs. 121.99 Lacs for Fiscal 2006 to Rs. 230.86 Lacs for Fiscal
2007 showing an increase of 89.25%. The increase is on account of increase in staff cost.
Administrative Expenses as percentage of turnover increased from 4.13% for fiscal 2006 to 6.04% for
fiscal 2007.
EBIDTA
EBIDTA increased from Rs. 463.59 Lacs for fiscal 2006 to Rs. 679.80 Lacs showing a increase of
approximately of 46.64%. EBIDTA Margin (EBIDTA as percentage to Turnover) increased from 15.71%
for fiscal 2006 to 17.78% for fiscal 2007.
Depreciation
Depreciation increased from Rs. 64.75 Lacs in 2006 to Rs. 122.32 Lacs for fiscal 2007 mainly on
account of depreciation on new Plant and Machinery acquired by our Company. The gross block
increased in fiscal 2007 it was Rs. 4459.25 Lacs as against Rs. 2650.32 Lacs for fiscal 2006.
Interest cost / Financial Charges
Interest / Financial Charges cost increased from Rs. 92.75 Lacs for fiscal 2006 to Rs. 157.20 Lacs for
fiscal 2007. The increase in financial expenses was on account increase in secured loans including
working capital finance from Rs. 1511.01 Lacs in fiscal 2006 to Rs. 2468.68 Lacs in fiscal 2007. As a
percentage of turnover, interest cost increased from 3.14% for fiscal 2006 to 4.11% for fiscal 2007.
Taxes
Taxes increased from Rs. 83.22 Lacs in fiscal 2006 to Rs. 122.07 Lacs in fiscal 2007. The increase in
tax expenses was on account higher effective tax rates and increase in total revenue. The effective
tax rates increased from 27.19% for fiscal 2006 to 30.49% for fiscal 2007. The total revenue of our
Company increased from Rs. 3072.16 Lacs for fiscal 2006 to Rs. 3935.68 Lacs for fiscal 2007.
Profit after Tax (PAT)
PAT increased from Rs. 216.20 Lacs in fiscal 2006 to Rs. 276.33 Lacs in fiscal 2007. PAT margin (PAT
as percentage of Turnover) marginally decreased from 7.33% for fiscal 2006 to 7.23% for fiscal 2007.
The increase in PAT was due to factors mentioned in above points.
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