SUNDARAM BRAKE LININGS LIMITED
UNAUDITED RESULTS JUNE 2016
Investor Information

                                                 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2016
Rs. lacs
 
PARTICULARS
 For the Quarter / three months ended
30.06.2016
(Unaudited)
 30.06.2015
(Unaudited)
       
1 Income from Operations    
  (a)  Gross sales /  income from operations (Inclusive of Excise duty) 6,359.28 5,827.81
  (b) Other Operating Income 62.81 41.77
  Total Income from operations (net) 6,422.09 5,869.58
       
2 Expenses    
  (a) Cost of materials consumed 2,879.35 2,559.73
  (b) Excise Duty on Domestic sales 467.20 380.40
  (c) Changes in inventories of finished goods & work-in-progress  (17.73) 58.75
  (d) Employee benefits expense 1,148.25 1,089.27
  (e) Depreciation and amortisation expense 142.66 177.51
  (f) Other expenses 1,748.60 1,853.27
  Total Expenses ( a ... f ) 6,368.33 6,118.93
3 Profit/ (Loss) from Operations before Other Income, finance cost & Exceptional items (1-2) 53.76  (249.35)
4 Other Income 37.94 19.78
5 Profit / (Loss) from ordinary activities before finance costs & Exceptional items (3+4) 91.70  (229.57)
6 Finance costs 66.39 93.04
7 Profit / (Loss) from ordinary activities after finance costs but before exceptional items (5-6) 25.31  (322.61)
8 Exceptional items  -  -
9 Profit / (Loss) from Ordinary Activities Before Tax (7 - 8) 25.31  (322.61)
10 Tax expense    
  - Current Tax  -  -
- Previous Year's Tax  -  -
- Deferred Tax 3.09  (17.90)
       
11 Net Profit/ (Loss) from Ordinary Activities After Tax (9 - 10) 28.40  (340.51)
12 Extraordinary Items (net)  (net of tax expense)  -  -
       
13 Net Profit / (Loss) for the period (11-12) 28.40  (340.51)
14 Comprehensive Income (11-12) 28.40  (340.51)
15 Other Comprehensive Income (Net of Deferred Tax)  (0.76)  (0.45)
16
 Total Comprehensive Income (14+15) 27.64  (340.96)
     
17
 Paid up Equity Share Capital-Face Value-Rs.10/- each 393.46
393.46
       
       
18
 Earnings Per Share  (EPS) - in Rs.    
  i) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. 0.72
 (8.65)
  ii) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. 0.72
 (8.65)
 
Notes :
1. In Compliance to the Ministry of Corporate Affairs (MCA) notification dated 16th February 2015, announcing the Companies (Indian Accounting Standards)     Rules 2015, as a standalone entity IND AS is applicable from 1st April 2017. The company has decided to present IND AS compliant reporting with effect     from 1st April 2016.

2. In Compliance to the Ministry of Corporate Affairs (MCA) notification dated 16th February 2015, announcing the Companies (Indian Accounting Standards)     Rules 2015, the company has prepared its financial results in accordance with the recognition and measurement principles laid down in IND AS 34 - Interim     Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with relevant rules thereunder and other accounting principles generally     accepted in India. Based on SEBI Circular CIR/CFD/FAC/62/2016 dated 5th July, 2016, the Company has presented the results for the previous periods /     year under IND AS. Consequent to transition to IND-AS, the reconciliation of Net Profit is provided as below for the previous quarter presented, in     accordance with the requirement of Para 32 of IND AS 101 - First Time Adoption of IND AS:

Description
Amount in Rs. Lakhs
Net Profit/(loss) as per Indian GAAP           (322.71)
Deferred Tax due to change from Income Method to Balance sheet method
(17.93)
Add: Actuarial loss on Employee Defined Benefit (Leave Encashment) recognised in "Other Comprehensive Income"
7.07
Less: Actuarial Gain on Employee Defined Benefit (Gratuity) recognised in "Other Comprehensive Income"  (6.97)
Net Deferred tax Asset on the Remeasurement of Employee Defined Benfit plans 0.03
Add: Other Income (Interest Income on Financial Assets Remeasurement) 0.23
Less: Employee Benefit Expenses  (0.23)
Profit as per IND AS  (340.51)
Other Comprehensive Income:  
Decrease in Value of Unquoted Investments   (0.38)
Acturial  Gain/ (Loss) on Employee Defined Benefits (Gratuity & Leave Encashments) - Net of Deferred Tax  (0.07)
Total Other Comprehensive Income  (0.45)
Total Comprehensive Income  (340.96)


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. The operations of the Company relate only to one segment viz., friction materials.

5. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 23rd August 2016 and a limited audit     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
 
Chennai
23rd August 2016		 KRISHNA MAHESH
MANAGING DIRECTOR