| AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2012 |
| Rs. lacs |
| |
Particulars |
For the Quarter / three months ended
|
For the year ended |
Year ended |
31.03.2012 |
31.12.2011 |
31.03.2011 |
31.03.2012 |
31.03.2011 |
(Audited) |
(Audited) |
(Audited) |
| 1 |
Income from Operations |
|
|
|
|
|
| |
(a) Net sales / income from operations (net of excise duty) |
6,305.03
|
6,262.50 |
6,305.05 |
25,354.61 |
23,572.65 |
| |
(b) Other Operating Income |
72.23
|
(22.83) |
55.37 |
216.21 |
178.85 |
| |
Total Income from operations (net) |
6,377.26 |
6,239.67 |
6,360.42 |
25,70.82 |
23,751.0 |
| 2 |
Expenses |
|
|
|
|
|
| |
(a) Cost of materials consumed |
3,121.85 |
3,163.32 |
3,216.36 |
13,179.28 |
12,327.83 |
| |
(b) Purchases of stock-in-trade |
0.00 |
0.00 |
0.00 |
- |
- |
| |
(c) Changes in inventories of finished goods & work-in-progress |
(59.52) |
(0.10) |
(106.06) |
(18.35) |
(7.12) |
| |
(d) Employee benefits expense |
803.27 |
870.76 |
677.40 |
3,337.58 |
2,789.34 |
| |
(e) Depreciation and amortisation expense |
174.26
|
193.20 |
138.08 |
762.50 |
632.57 |
| |
(f) Other expenses |
1,990.39
|
1,702.23 |
1,724.73 |
7,042.22 |
6,333.30 |
| |
Total Expenses ( a ... f ) |
6,030.25
|
5,929.41 |
5,650.51 |
24,136.23 |
22,084.92 |
| 3 |
Profit/(Loss) from Operations before Other Income,
finance cost & Exceptional items (1-2)
|
347.01
|
310.26 |
709.91 |
1,434.59 |
1,666.59 |
| 4 |
Other Income |
18.25
|
15.07 |
69.95 |
67.35 |
134.00 |
| 5 |
Profit / (Loss) from ordinary activities
before finance costs & Exceptional items (3+4)
|
365.26
|
325.33 |
779.87 |
1,501.94 |
1,800.59 |
| 6 |
Finance costs |
66.24
|
114.60 |
65.35 |
386.39 |
270.59 |
| 7 |
Profit / (Loss) from ordinary activities after finance costs
but before exceptional items (5-6)
|
299.02
|
210.73 |
714.52 |
1,115.55 |
1,530.00 |
| 8 |
Exceptional items: |
|
|
|
|
|
| |
Ex-gratia to employees under Early Retirement Scheme |
-
|
- |
1.89 |
- |
1.89 |
| 9 |
Profit / (Loss) from Ordinary
Activities Before Tax (7 - 8)
|
299.02
|
210.73 |
712.63 |
1,115.55 |
1,528.11 |
| |
|
|
|
|
|
|
| 10 |
Tax expense |
59.84
|
42.63 |
121.98 |
227.33 |
337.51 |
| |
|
|
|
|
|
|
| 11 |
Net Profit/ (Loss) from Ordinary
Activities After Tax (9 - 10)
|
239.18
|
168.10 |
590.64 |
888.22 |
1,190.60 |
| 12 |
Extraordinary Items (net) (net of tax expense)
|
411.79
|
139.99 |
140.13 |
831.76 |
560.49 |
| |
|
|
|
|
|
|
| 13 |
Net Profit / (Loss) for the period
|
(172.61)
|
28.11 |
450.52 |
56.46 |
630.11 |
| 14 |
Paid up Equity Share Capital-Face Value-Rs.10/- each |
393.46
|
393.46 |
393.46 |
393.46 |
393.46 |
| 15 |
Reserves excluding Revaluation Reserve as per balance sheet |
|
|
|
|
|
| 16 |
Earnings Per Share (EPS) - in Rs. |
|
|
|
|
|
| |
i) Basic and diluted EPS before
Extraordinary items (not annualised) - in Rs.
|
6.08
|
4.27 |
15.01 |
22.57 |
30.26 |
| |
ii) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.
|
(4.39)
|
0.71 |
11.45 |
1.44 |
16.01 |
|
See accompanying note to the financial results
|
| PART II |
| |
Select information for the quarter and year
ended 31st March 2012 and same period of previous year
|
| A |
PARTICULARS OF SHAREHOLDING |
|
|
|
|
|
| 1 |
Public shareholding
|
|
|
|
|
|
| |
- Number of shares |
1,392,734
|
1,392,734
|
1,392,734
|
1,392,734
|
1,392,734
|
| |
- Percentage of shareholding |
35.4% |
35.4% |
35.4% |
35.4% |
35.4% |
| 2 |
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 |
2,541,841 |
2,541,841 |
2,541,841 |
2,541,841 |
2,541,841 |
| |
- Percentage of shares (as a % of the total shareholding
of the promoter and promoter group)
|
100% |
100% |
100% |
100% |
100% |
| |
- Percentage of shares (as a % of the total share capital
of the company)
|
64.6% |
64.6% |
64.6% |
64.6% |
64.6% |
|
Particulars |
3 months ended 31st March 2012 |
B. |
INVESTOR
COMPLAINTS |
NIL |
|
Pending at the beginning of the quarter
|
NIL |
|
Received during the quarter |
NIL |
|
Disposed
of during the quarter |
NIL |
|
Remaining
unresolved at the end of the quarter |
NIL |
| Note: |
| 1 |
The operations of the Company relate only to one segment viz., friction materials. |
| 2 |
Note on losses arising from purported derivative transactions: |
|
The Company had reached a settlement with a Bank for settling disputes arising out of certain
derivative transactions entered on behalf of the Company. The Company has fulfilled all its
obligations under the said Agreement and with the final payment made in the year under report,
there is no further financial liability on the Company on this account. The said Bank has issued
full discharge letter to the Company in this regard. As per the practice followed in the past,
the final amounts net of an extraordinary income and net of taxes, has been shown under
Extraordinary expenditure for the quarter ended 31-03-2012. |
| 3 |
The Board of Directors have recommended a Dividend of Rs. 3/- per equity share of Rs. 10/- each for the year ended 31st March 2012 subject to approval by the members of the Company at the forthcoming Annual General Meeting. |
| 4 |
The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 23rd May 2012. |
| 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
23rd May 2012 |
K MAHESH
CHAIRMAN & MANAGING DIRECTOR |
|
|
|
