Unaudited list December2009
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31st December 2009
Rs. lacs
Particulars 3 Months
ended
Corresponding
3 Months
ended in
previous year
Year to date
figures for the
current
year ended
Year to date
figures for the
previous year ended
Previous
accounting
Year Ended
31.12.2009 31.12.2008 31.12.2009 31.12.2008 31.03.2009
(Unaudited) (Unaudited) (Audited)
1 (a) Net Sales 5,458.78 3,821.61 14,387.55 13,723.44 17,133.79
  (b) Other Operating  Income 25.18 6.81 63.29 21.40 45.22
  Total Income 5,483.96 3,828.42 14,450.84 13,744.84 17,179.01
2. a) Decrease / (Increase) in stock in trade and work in progress 46.78 40.35 (118.91) (22.85) 58.49
b) Consumption of raw materials & components 2,625.77 1,867.07 6,915.00 6,773.24 8,267.85
c) Employee Cost 643.12 605.88 1,813.02 1,786.59 2,166.96
d) Power & Fuel 636.54 444.36 1,651.66 1,356.37 1,702.07
e) Depreciation 147.66 150.00 442.92 446.93 581.97
f) Other expenditure 894.76 570.93 2,385.08 2,248.46 3,134.73
Total Expenditure ( a ... f ) 4,994.63 3,678.59 13,088.77 12,588.74 15,912.07
3 Profit from Operations before Other Income, Interest & Exceptional items (1-2) 489.33 149.83 1,362.07 1,156.10 1,266.94
4 Other Income
5 Profit before Interest & Exceptional items (3+4) 489.33 149.83 1,362.07 1,156.10 1,266.94
6 Interest 67.27 71.22 205.19 189.66 235.43
7 Profit after Interest but before Exceptional items (5-6) 422.06 78.61 1,156.88 966.44 1,031.51
8 Exceptional items:          
Ex-gratia to employees under Early Retirement Scheme - - - 1.92 6.15
9 Profit from Ordinary Activities Before Tax (7-8) 422.06 78.61 1,156.88 964.52 1,025.36
10 Tax expense          
- Current Tax 75.74 29.50 291.72 352.50 397.73
- Previous Year's Tax - - - - (233.00)
- Deferred Tax (49.75) (7.50) (42.00) (21.00) (48.00)
- Fringe Benefit Tax - 4.50 - 13.00 17.00
11 Net Profit from Ordinary Activities After Tax (9-10) 396.07 52.11 907.16 620.02 891.63
12 Extraordinary Items (net of tax expense)  
Amount paid / refunded / payable to various banks 124.76 34.23 374.28 239.62 440.32
13 Net Profit for the period (11-12). 271.31 17.88 532.88 380.40 451.31
14 Paid up Equity Share Capital-Face Value-Rs.10/- each 393.46 271.35 393.46 271.35 271.35
15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year   7,061.09
16 Earnings Per Share (EPS) - in Rs.          
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. 10.07 1.92 23.06 22.85 32.86
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. 6.90 0.66 13.54 14.02 16.63
17 Public shareholding          
  - Number of shares 1,395,734 1,066,336 1,395,734 1,066,336 1,066,336
  - Percentage of shareholding 35.5% 39.3% 35.5% 39.3% 39.3%
18 Promoters and Promoter Group Shareholding          
  a. Pledged/Encumbered          
  - Number of shares Nil Nil Nil Nil Nil
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group) Nil Nil Nil Nil Nil
  - Percentage of shares (as a % of the total share capital of the company) Nil Nil Nil Nil Nil
  b) Non-encumbered          
  - Number of shares 2,538,841 1,647,164 2,538,841 1,647,164 1,647,164
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group) 100.0% 100.0% 100.0% 100.0% 100.0%
  - Percentage of shares (as a % of the total share capital of the company) 64.5% 60.7% 64.5% 60.7% 60.7%
 
Note:
1 The operations of the Company relate only to one segment viz., friction materials.
2 Status of investor grievances for the Quarter ended 31st December 2009 :

Number of complaints received and disposed during the quarter - Nill. Number of complaints pending unresolved at the commencement and at the close of the quarter - NIL.
3 Note on losses arising from purported derivative transactions:
As reported in earlier publications and Annual Accounts, certain derivative transactions were purported to have been entered into on behalf of the Company with some banks. The disputes relating to such transactions with all banks have been settled. The net amount paid by the Company relating to the period has been shown as Extraordinary Expenditure (net of tax). If the Company defaults in case of its financial commitments under the said settlement, the entire amount claimed by the Bank (net of payments made) equivalent to Rs. 87.62 Crores would become payable.
4 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 24th January 2010 and a limited audit review of the same has been carried out by the Statutory Auditors.
5 Prior period figures have been regrouped wherever necessary to conform to current period classification.
      On behalf of the Board
  For SUNDARAM BRAKE LININGS LIMITED
   
  Chennai K MAHESH
  29th October 2009 CHAIRMAN & MANAGING DIRECTOR