| UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER / NINE MONTHS ENDED 31st DECEMBER 2010 |
| Rs. lacs |
| |
Particulars |
For the Quarter / three
months ended |
For the nine months ended |
Year ended |
| 31.12.2010 |
31.12.2009 |
31.12.2010 |
31.12.2009 |
31.03.2010 |
| (Unaudited) |
(Unaudited) |
(Audited) |
| 1 |
(a) Net Sales |
5,809.61 |
5,458.78 |
17,267.60 |
14,387.55 |
19,933.16 |
| |
(b) Other Operating Income |
32.22 |
25.18 |
118.36 |
63.29 |
113.30 |
| |
Total Income |
5,841.83 |
5,483.96 |
17,385.96 |
14,450.84 |
20,046.46 |
| 2 |
Expenditure |
|
|
|
|
|
| |
a) Decrease / (Increase) in stock in trade and work in progress |
4.03 |
46.78 |
98.94 |
(118.91) |
(5.37) |
| |
b) Consumption of raw materials & components |
3,111.26 |
2,625.77 |
9,111.47 |
6,915.00 |
9,684.22 |
| |
c) Employee Cost |
704.79 |
643.12 |
2,120.94 |
1,813.02 |
2,355.71 |
| |
d) Power & Fuel |
697.34 |
636.54 |
2,037.32 |
1,651.66 |
2,267.65 |
| |
e) Depreciation |
174.51 |
147.66 |
494.49 |
442.92 |
593.52 |
| |
f) Other expenditure |
818.27 |
894.76 |
2,502.08 |
2,385.08 |
3,408.17 |
| |
Total Expenditure ( a ... f ) |
5,510.20 |
4,994.63 |
16,365.24 |
13,088.77 |
18,303.90 |
| 3 |
Profit from Operations before Other Income, Interest & Exceptional items (1-2) |
331.63 |
489.33 |
1,020.72 |
1,362.07 |
1,742.56 |
| 4 |
Other Income |
0.00 |
0.00 |
- |
- |
- |
| 5 |
Profit before Interest & Exceptional items (3+4) |
331.63 |
489.33 |
1,020.72 |
1,362.07 |
1,742.56 |
| 6 |
Interest |
71.70 |
67.27 |
205.24 |
205.19 |
219.44 |
| 7 |
Profit after Interest but before Exceptional items (5-6) |
259.93 |
422.06 |
815.48 |
1,156.88 |
1,523.12 |
| 8 |
Exceptional items |
|
|
|
|
|
| 9 |
Profit from Ordinary Activities Before Tax (7-8) |
259.93 |
422.06 |
815.48 |
1,156.88 |
1,523.12 |
| 10 |
Tax expense |
|
|
|
|
|
| |
- Current Tax |
56.48 |
75.74 |
162.53 |
291.72 |
373.96 |
| |
- Deferred Tax |
26.50 |
(49.75) |
53.00 |
(42.00) |
33.00 |
| 11 |
Net Profit from Ordinary Activities After Tax |
176.95 |
396.07 |
599.95 |
907.16 |
1,116.16 |
| 12 |
Extraordinary Items (net of tax expense) |
|
|
|
|
|
| |
Amount paid to bank |
140.12 |
124.76 |
420.36 |
374.28 |
499.04 |
| 13 |
Net Profit for the period |
36.83 |
271.31 |
179.59 |
532.88 |
617.12 |
| 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 of previous accounting year |
|
|
|
|
8,861.68 |
| 16 |
Earnings Per Share (EPS) - in Rs. |
|
|
|
|
|
| |
a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. |
4.50 |
10.07 |
15.25 |
23.06 |
29.83 |
| |
b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. |
0.94 |
6.90 |
4.56 |
13.54 |
16.49 |
| 17 |
Public shareholding |
|
|
|
|
|
| |
- Number of shares |
1,392,734 |
1,395,734 |
1,392,734 |
1,395,734 |
1,395,734 |
| |
- Percentage of shareholding |
35.4% |
35.5% |
35.4% |
35.5% |
35.5% |
| 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 |
2,541,841 |
2,538,841 |
2,541,841 |
2,538,841 |
2,538,841 |
| |
- 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) |
64.6% |
64.5% |
64.6% |
64.5% |
64.5% |
| 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 2010 :
Number of complaints received and disposed during the quarter - Nil. Number of complaints pending unresolved at the commencement and at the close of the quarter - NIL. |
| 3 |
Note on losses arising from derivative transactions: |
|
As reported in earlier publications and Annual Accounts, there were disputes arising out of certain derivative transactions entered into on behalf of the Company with some banks and 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. 80.62 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 4th February 2011 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. |
|
|
