UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2017

In Lacs

	Particulars	Quarter Ended			Nine Months Ended		For the Year ended
		31.12.2017	30.09.2017	30.12.2016	31.12.2017	31.12.2016	31.03.2017
		(Unaudited)			(Unaudited)		(Audited)
1	Revenue from Operations (Refer Note No. 5)	5,928.68	6,169.75	5,416.82	18,086.16	18,539.33	24,521.02
2	Other Income	26.15	44.32	67.14	208.42	127.18	131.32
3	Total Revenue	5,954.83	6,214.07	5,483.96	18,294.58	18,666.51	24,652.34
4	Expenditure
	(a) Cost of materials consumed	3,079.27	2,774.10	2,495.85	8,738.58	8,400.49	10,897.25
	(b) Excise Duty (Refer Note No. 5)	0.00	0.00	390.67	409.98	1,296.24	1,761.13
	(c) Changes in inventories of finished goods and work-in-progress	-241.91	388.24	-326.73	-251.86	-594.82	-579.73
	(d) Employee benefits expenses	1,114.40	1,147.92	1,077.25	3,354.24	3,434.49	4,466.94
	(e) Finance cost	45.36	40.79	67.34	125.46	196.25	252.59
	(f) Depreciation and amortisation expense	109.61	109.19	146.69	327.90	432.33	541.25
	(g) Other expenses	1,793.13	1,683.07	1,637.89	5,226.24	5,281.92	7,015.75
5	Total Expenses ( a ... g )	5,899.86	6,143.31	5,488.96	17,930.54	18,446.90	24,355.18
6	Total Profit/ (Loss) before Exceptional items and Tax (3-5)	54.97	70.76	-5.00	364.04	219.61	297.16
7	Exceptional item:
	Ex-gratia to employees under Voluntary Retirement Scheme	-	-	57.75	-	96.25	154.00
8	Profit / (Loss) Before Tax (6 - 7)	54.97	70.76	-62.75	364.04	123.36	143.16
9	Tax expense
	- Current Tax	7.00	13.50	-	69.25	-	-
	- Previous Year's Tax	-	-	-	-	-	-
	- Deferred Tax	-6.38	3.75	17.29	18.97	50.30	-32.67
10	Profit/ (Loss) for the period from continuing operations (8 - 9)	54.35	53.51	(80.04)	275.82	73.06	175.83
11	Profit/ (Loss) for the period from discontinued operations, if any	-	-	-	-	-	-
12	Profit/ (Loss) for the period (10 + 11)	54.35	53.51	(80.04)	275.82	73.06	175.83
13	Other Comprehensive Income
	a) (i) Item that will not be reclassified to Profit & Loss	20.98	18.66	20.85	25.39	(13.78)	(20.06)
	(ii) Deferred Tax relating to item that will not be reclassified to Profit & Loss	(6.48)	(5.77)	(6.44)	(7.85)	4.26	(3.92)
	b) (i) Item that will be reclassified to Profit & Loss	-	-	-	-	-	0.42
	(ii) Income Tax relating to item that will be reclassified to Profit & Loss	-	-	-	-	-	-
14	Total Comprehensive Income (12+13)	68.85	66.41	(65.63)	293.36	63.54	152.27
15	Paid up Equity Share Capital-Face Value-Rs.10/- each	393.46	393.46	393.46	393.46	393.46	393.46
16	Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year						6,703.16
17	Earnings Per Share (EPS) - in Rs.
	a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.	1.38	1.36	(2.03)	7.01	1.86	4.47
	b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.	1.38	1.36	(2.03)	7.01	1.86	4.47

Notes :
1.	The above financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind-AS) - 34 "Interim Financial Reporting" as prescribed under Section 133 of the Companies Act, 2013 read with relevant Rules thereof.
2.	The operations of the Company relate only to one segment viz., friction materials.
3.	Other Comprehensive Income mainly comprise of the impact on movement in fair value of Non-Current Investments in Equity, Remeasurement of Defined Plan Benefits.
4.	In accordance with the requirements of Ind-AS, Revenue from Operations (as indicated in Sl. No. 1) for the Quarters ended 31st December, 2017 / 30th September, 2017 excludes Goods and Services Tax (GST). However, Excise Duty indicated for the nine months ended 31st December, 2017 represents Excise Duty for the quarter ended 30th June, 2017 as indicated in Sl. No. 4(b).
5.	The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 13th February, 2018 and a limited review of the same was carried out by the Statutory Auditors.
6.	Prior period figures have been regrouped wherever necessary to conform to current period classification.

	On behalf of the Board For SUNDARAM BRAKE LININGS LIMITED
Madurai    13th February, 2018	KRISHNA MAHESH MANAGING DIRECTOR
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