Audited Financial Results - 31.03.2016
AUDITED FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 31st MARCH 2016
Rs. lacs
  Particulars For the Quarter / three months ended For the Year ended
31.03.2016 31.12.2015 31.03.2015 31.03.2016 31.03.2015
(UnAudited) (Audited)
             
1 Income from Operations          
  (a) Net sales / income from operations (net of excise duty) 5,766.14 5,546.89 5,416.84 22,614.18 23,492.66
  (b) Other Operating Income 1.17 63.21 52.49 137.84 158.11
  Total Income from operations (net)     5,767.31      5,610.10       5,469.33       22,752.02    23,650.77
2 Expenses          
  (a) Cost of materials consumed 2,805.09 2,487.81 2,607.47 10,550.77 12,246.71
  (b) Purchases of stock-in-trade 0.00 0.00 0.00  -  -
  (c) Changes in inventories of finished goods & work-in-progress 200.49 120.11 (285.04) 405.50 (624.56)
  (d) Employee benefits expense 658.90 1,097.08 923.25 3,973.08 3,851.51
  (e) Depreciation and amortisation expense 21.86 177.51 157.77 554.39 688.77
  (f) Other expenses 1,890.26 1,624.52 2,294.21 7,154.61 8,112.02
  Total Expenses ( a ... f ) 5,576.60 5,507.03 5,697.66 22,638.35 24,274.45
3 Profit/(Loss) from Operations before Other Income, finance cost & Exceptional items (1-2) 190.71 103.07 (228.33) 113.67 (623.68)
4 Other Income 108.84 32.03 44.26 206.76 98.76
5 Profit / (Loss) from ordinary activities before finance costs & Exceptional items (3+4) 299.55 135.10 (184.08) 320.43 (524.92)
6 Finance costs 33.77 75.02 97.79 290.12 368.04
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) 265.78 60.08 (281.87) 30.30 (892.96)
8 Exceptional items: 0.00  - 0.00                     -                    -  
9 Profit / (Loss) from Ordinary Activities Before Tax (7 - 8) 265.78 60.08 (281.87) 30.30 (892.96)
10 Tax expense          
  - Current Tax 0.00  - (0.09)  -  (0.09)
  - Previous Year's Tax 0.00 0.00 (644.44)  -  (644.44)
  - Deferred Tax 3.50 0.00 82.75 3.50 82.75
11 Net Profit/ (Loss) from Ordinary Activities After Tax (9 - 10)        262.28            60.08        (843.65)               26.80    (1,454.74)
12 Extraordinary Items (net) (net of tax expense)  -               -                   -    -                  -  
13 Net Profit / (Loss) for the period (11 - 12)        262.28 60.08 (843.65) 26.80    (1,454.74)
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       6,618.99 6,592.19
16 Earnings Per Share (EPS) - in Rs.          
  i) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. 6.67 1.53 (21.44) 0.68 (36.97)
  ii) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.             6.67            1.53 (21.44) 0.68 (36.97)
See accompanying note to the financial results
 
Notes :   
1 Statement of Assets and Liabilities (Audited):
As at 31.03.2016
As at 31.03.2015
    Rs. In Lacs Rs. In Lacs
A EQUITY AND LIABILITIES      
           
1 Shareholders' funds        
  (a) Share Capital 393.46   393.46  
  (b) Reserves & Surplus 6,618.99
6,592.19  
 
Sub-total - Shareholder's funds
  7,012.45
6,985.65
2 Non-current liabilities        
  (a) Long-term borrowings 285.00   764.15  
  (b) Deferred tax liabilities (net) 1,201.52   1,198.02  
  (c) Long-term provisions 122.20   72.87  
 
Sub-total - Non-current liabilities
  1,608.72   2,035.04
3 Current liabilities        
  (a) Short-term borrowings 4,018.85   3,764.88  
  (b) Trade payables 3,583.53   3,386.51  
  (c) Other current liabilities 492.69   617.06  
  (d) Short-term provisions 843.62   888.41  
 
Sub-total - Current liabilities
  8,938.69   8,656.86
 
TOTAL - EQUITY AND LIABILITIES
  17,559.86   17,677.55
           
  ASSETS        
1 Non-current Assets        
  (a) Fixed Assets 7,730.46   8,073.97  
  (b) Non-Current Investments 2.10   2.10  
  (c) Long-term Loans & Advances 830.86   437.33  
 
Sub-total - Non-current Assets
  8,563.42   8,513.39
2 Current Assets        
  (a) Inventories 2,555.79
2,876.54
  (b) Trade Receivables 5,321.86
5,403.13
  (c) Cash and cash equivalents 436.96
343.45
  (d) Short-term loans and advances 681.83
540.81
 
Sub-total - Current Assets

8,996.44
9,163.93
 
TOTAL - ASSETS

17,559.86
17,677.55
2
The operations of the Company relate only to one segment viz., friction materials. 
3
The above results were reviewed by the Audit Committee at its Meeting held on 24th May 2016 and approved by the Board of Directors at its meeting held on 24th May 2016.
4
Excess provision for Depreciation and Employees' cost made in earlier Quarters have been reversed in the Quarter ended 31.03.2016.
5
Prior period figures have been regrouped wherever necessary to conform to current period classification.
6
The figures for the quarters ended March 31, 2016 / 2015 are the balancing figures between the Audited figures in respect of the financial years and the published years to date figures upto December 31, 2015 / 2014.
 
On behalf of the Board
For SUNDARAM BRAKE LININGS LIMITED
Chennai
24th May 2016
KRISHNA MAHESH
MANAGING DIRECTOR
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