UNAUDITED RESULTS JUNE 2020
  (Rs. ln Lakhs except for Earnings Per share data)
 
Particulars
Quarter Ended
For the Year ended
 
 
30.06.2020
31.03.2020
30.06.2019
31.03.2020
 
(Unaudited)
(Audited)
           
1 Revenue from Operations
3,049.57
6,059.39
7,326.87
25,814.17
2 Other Income
17.28
90.25
40.56
507.51
3 Total Revenue
3,066.85
6,149.64
7,367.43
26,321.68
4 Expenditure        
  (a) Cost of materials consumed 1,305.52 2,802.65 3,399.58 12,357.96
  (b) Changes in inventories of finished goods and work-in-progress 179.32 197.79 242.48 -32.40
  (c) Employee benefits expenses 1,019.66 1,059.92 1,293.82 4,795.59
  (d) Finance cost 23.56 33.37 43.70 152.82
  (e) Depreciation and amortisation expense 136.98 136.48 123.92 542.33
  (f) Other expenses 932.26 1,824.04 2,091.82 8,205.25
5 Total Expenses ( a ... f ) 3,597.30 6,054.25 7,195.32 26,021.55
6 Total Profit/ (Loss) before Exceptional items and Tax (3-5) -530.45 95.39 172.11 300.13
7 Exceptional item  -  -  -  -
8 Profit / (Loss) Before Tax (6 - 7) -530.45 95.39 172.11 300.13
           
9 Tax expense        
  - Current Tax 0.00 18.50 37.22 52.68
  - Deferred Tax
4.73
(36.63)
8.34
(4.32)
   
10 Profit/ (Loss) for the period from continuing operations (8 - 9)
(535.18)
113.52
126.55
251.77
11 Profit/ (Loss) for the period from discontinued operations, if any
-  
-  
-  
-  
12 Profit/ (Loss) for the period (10 + 11)
(535.18)
113.52
126.55
251.77
13 Other Comprehensive Income 
  a) (i) Item that will not be reclassified to Profit & Loss
-  
(67.28)
8.68
(67.28)
  (ii) Deferred Tax relating to item that will not be reclassified to Profit & Loss
-  
13.85
-  
13.85
  b)     (i) Item that will be reclassified to Profit & Loss
-  
-  
-  
-
  (ii) Income Tax relating to item that will be reclassified to Profit & Loss
-  
-
-  
-  
14 Total Comprehensive Income (12+13)
(535.18)
60.09
135.23
198.34
15 Paid up Equity Share Capital-Face Value-Rs.10/- each
393.46
393.46
393.46
393.46
16 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year
8,003.52
17 Earnings Per Share  (EPS) - in Rs.
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.
(13.60)
2.89
3.22
6.40
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.
(13.60)
2.89
3.22
6.40
Notes :
1 The operations of the Company relate only to one segment viz., friction materials.
2 The above unaudited financial results of the Company have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. These results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 10th August, 2020. The Statutory Auditors have carried out a limited review for the quarter ended 30th June, 2020 and have issued an unqualified report thereon.
3

The spread of COVID-19 has impacted global economic activity as has been witnessed in several countries. There have been severe disruptions in businesses in India during the Lock down period. Consequently, the Company’s manufacturing plants had to operate under mandatory lockdown conditions during the quarter ended 30th June 2020. These conditions have significantly affected the revenues and results of the Company in the current quarter. The situation is evolving and the assessment of impact due to COVID-19 is a continuous process, given the uncertainties.

Management has conducted the possible impact of known events arising from COVID-19 pandemic in the preparation of these financial results and has analysed events post Balance
Sheet date and believes that there will not be any material effect on the carrying values of the assets and liabilities of the Company on the reporting date and there is no change in its ability to continue as a Going Concern.

4 Other Comprehensive Income mainly comprise of the impact on movement in fair value of Non-Current Investments in Equity and Remeasurement of Defined Plan Benefits
5 The Financial Results for the quarter ended 31st March 2020 are the balancing figures between the audited figures in respect of the full financial year ended 31st March 2020 and unaudited year-to-date figures up to the period ended 31st December 2019 which was subjected to a limited review.
6 The figures for the previous period have been regrouped wherever necessary to conform to current period classification.
 
On behalf of the Board
For SUNDARAM BRAKE LININGS LIMITED
Chennai KRISHNA MAHESH
10th August, 2020 MANAGING DIRECTOR