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

7.33% for fiscal 2006. The decrease in PAT and decrease in PAT margin was due to factors mentioned
above.
Fiscal 2004 Vs 2005
Income:
Income for the Fiscal 2005 increased to Rs. 2429.65 Lacs from Rs. 1969.63 Lacs for fiscal 2004
showing a growth of 23.36%. This increase was due to improved working capacities, better
realization on company’s products and optimum utilization of the resources available and increased
marketing effort by our Company.
Expenditure
Expenditure for the Fiscal 2005 increased to Rs. 1983.28 Lacs from Rs. 1582.15 Lacs for fiscal 2004
showing a growth of 25.35%. The increase in expenditure was on account of increase turnover. Total
Expenditure as percentage to turnover increased from 80.33% in the FY 2004 to 81.63% in FY 2005.
Material Purchased and Consumed
Material Purchased and Consumed increased from Rs. 1287.86 Lacs for Fiscal 2004 to Rs. 1531.37 Lacs
for fiscal 2005 showing an increase of 18.91%. This increase was on account of increase in overall
turnover. Material Purchased and Consumed as percentage of turnover decreased from 65.39% in FY
2004 to 63.03% in the FY 2005. This decrease was due to improved working capacities and optimum
utilization of the resources available.
Administrative and Other Expenses
Administrative Expenses increased from Rs. 64.62 Lacs for Fiscal 2004 to Rs. 86.93 Lacs for Fiscal
2005 showing an increase of 34.53%. The increase is on account of increase expenses on account of
staff cost. Administrative Expenses as percentage of turnover increased from 3.28% for fiscal 2004 to
3.58 % for fiscal 2005.
EBIDTA
EBIDTA increased from Rs. 419.54 Lacs for fiscal 2004 to Rs. 465.10 Lacs for fiscal 2005 showing a
growth of approximately of 10.86%. EBIDTA Margin (EBIDTA as percentage to turnover) decreased
from 21.30% for fiscal 2004 to 19.14% for fiscal 2005.
Depreciation
Depreciation increased from Rs. 55.12 Lacs for FY 2004 to Rs. 59.57 Lacs for FY 2005 mainly on
account of depreciation on new capital assets. The gross block in FY 2004 was Rs. 1250.12 Lacs and
was at Rs. 1330.84 Lacs for FY 2005.
Interest cost / Financial Charges
Interest cost / Financial Charges decreased from Rs. 131.77 Lacs for fiscal 2004 to Rs. 102.67 Lacs for
fiscal 2005. The average interest rate for fiscal 2005 was 10.89% compared to 12.87% for fiscal 2004.
As a percentage of turnover interest cost decreased from 6.69% for fiscal 2004 to 4.23% for fiscal
2005.
Taxes
Taxes decreased from Rs. 63.61 Lacs in fiscal 2004 to Rs. 40.40 Lacs in fiscal 2005. The decrease in
tax expenses was on account lower effective tax rates. The effective tax rate for FY 2004 was 27.34%
and for FY 2005 it was 13.34%.
Profit after Tax (PAT)
PAT increased from Rs. 172.69 Lacs in fiscal 2004 to Rs. 250.03 Lacs in fiscal 2005 showing an
increase of 44.78%. PAT margin was 8.77% for fiscal 2004 and 10.29% for fiscal 2005. This increase
was due to improved working capacities, better realization on company’s products and optimum
utilization of the resources available and increased marketing effort by our Company.
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