UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2018

In Lacs

	Particulars	Quarter Ended			Nine Months Ended		For the Year ended
		31.12.2018	30.09.2018	30.12.2017	31.12.2018	31.12.2017	31.03.2018
		(Unaudited)			(Unaudited)		(Audited)
1	Revenue from Operations (Refer Note No. 5)	6,939.40	7,210.38	5,928.68	20,962.14	18,086.16	25,049.81
2	Other Income	11.53	66.98	26.15	181.24	230.38	331.63
3	Total Revenue	6,950.93	7,277.36	5,954.83	21,143.38	18,316.54	25,381.44
4	Expenditure
	(a) Cost of materials consumed	3,878.47	3,793.96	3,079.27	11,079.03	8,738.58	12,068.65
	(b) Excise Duty (Refer Note No. 5)	-	-	-	-	409.98	352.02
	(c) Changes in inventories of finished goods and work-in-progress	-338.40	-15.91	-241.91	-156.56	-251.86	-82.72
	(d) Employee benefits expenses	1,308.83	1,264.88	1,114.40	3,850.11	3,354.24	4,562.64
	(e) Finance cost	47.07	44.66	45.36	127.52	147.42	189.11
	(f) Depreciation and amortisation expense	125.09	122.77	109.61	369.40	327.90	430.61
	(g) Other expenses	1,911.44	1,975.92	1,793.13	5,612.40	5,226.24	7,333.66
5	Total Expenses ( a ... g )	6,932.50	7,186.28	5,899.86	20,881.90	17,952.50	24,853.97
6	Total Profit/ (Loss) before Exceptional items and Tax (3-5)	18.43	91.08	54.97	261.48	364.04	527.47
7	Exceptional item:
	Ex-gratia to employees under Voluntary Retirement Scheme	-	-	-	-	-	151.95
8	Profit / (Loss) Before Tax (6 - 7)	18.43	91.08	54.97	261.48	364.04	375.52
9	Tax expense
	- Current Tax	3.80	18.74	7.00	53.83	69.25	66.25
	- Deferred Tax	-1.15	(73.14)	(6.38)	(114.22)	18.97	-67.22
10	Profit/ (Loss) for the period from continuing operations (8 - 9)	15.78	145.48	54.35	321.87	275.82	376.49
11	Profit/ (Loss) for the period from discontinued operations, if any	-	-	-	-	-	-
12	Profit/ (Loss) for the period (10 + 11)	15.78	145.48	54.35	321.87	275.82	376.49
13	Other Comprehensive Income
	a) (i) Item that will not be reclassified to Profit & Loss	-2.47	(2.47)	20.98	(7.41)	25.39	(9.90)
	(ii) Deferred Tax relating to item that will not be reclassified to Profit & Loss	-	0.69	(6.48)	1.35	(7.85)	2.02
	b) (i) Item that will be reclassified to Profit & Loss	-	-	-	-	-	0.18
	(ii) Income Tax relating to item that will be reclassified to Profit & Loss	-	-	-	-	-	-
14	Total Comprehensive Income (12+13)	13.31	143.70	68.85	315.81	293.36	368.79
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	7,072.05
17	Earnings Per Share (EPS) - in Rs.
	a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.	0.40	3.70	1.38	8.18	7.01	9.57
	b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.	0.40	3.70	1.38	8.18	7.01	9.57

Notes :
1.	These results have been prepared in accordance with the Ind AS notified under the Companies (Indian Accounting Standards) Rules 2015. These results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on February 9, 2019. The statutory auditors have conducted a limited review of the above unaudited financial results.
2.	The Ministry of Corporate Affairs (MCA), on 28 March 2018, notified lnd AS 115 "Revenue from Contracts with Customers" as part of the Companies (Indian Accounting Standards) Amendment Rules, 2018. The new standard is effective for accounting periods beginning on or after April 1,2018. The Company has applied modified retrospective approach in adopting the new standard and accordingly, the revenue from operations for the quarters ended December 31, 2018 / September 30, 2018 / June 30, 2018 and for the nine months ended December 31, 2018 are not comparable with other periods reported. The adoption of the standard did not have any material impact to the financial statements of the Company.
3.	As per lnd-AS, Revenue from operations for the quarters ended December 31, 2018 / September 30, 2018 / June 30.2018, and for the nine months ended December 31, 2018 are shown net of Goods and Services Tax (GST). However, Revenue from operations for the nine months ended December 31, 2017 and for the year ended March 31, 2018 are shown inclusive of excise duty pertaining to the Pre-GST period of April 2017 to June 2017..
4.	The Company is principally engaged in a single business segment viz. friction materials.
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    9th February, 2019	KRISHNA MAHESH MANAGING DIRECTOR
Visit our website :   www.tvsbrakelinings.com