UNAUDITED RESULTS JUNE 2017
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2017 |
| Rs. lacs |
Particulars |
For the Quarter / three months ended |
For the Year ended |
|||
30.06.2017 |
31.03.2017 |
30.06.2016 |
31.03.2017 |
||
(Unaudited) |
(Audited) |
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1 |
Revenue from Operations | 5,987.73 | 5,981.69 | 6,422.09 | 24,521.02 |
2 |
Other Income | 137.95 | 4.14 | 37.94 | 131.32 |
3 |
Total Revenue | 6,125.68 | 5,985.83 | 6,460.03 | 24,652.34 |
4 |
Expenditure | ||||
| (a) Cost of materials consumed | 2,885.21 | 2,496.76 | 2,879.35 | 10,897.25 | |
| (b) Excise Duty | 409.98 | 464.89 | 467.20 | 1,761.13 | |
| (c) Changes in inventories of finished goods & work-in-progress | (398.19) | 15.09 | (17.73) | (579.73) | |
| (d) Employee benefits expenses | 1,091.92 | 1,032.45 | 1,148.25 | 4,466.94 | |
| (e) Finance cost | 39.31 | 56.34 | 66.39 | 252.59 | |
| (f) Depreciation and amortisation expense | 109.10 | 108.92 | 142.66 | 541.25 | |
| (g) Other expenses | 1,750.04 | 1,733.83 | 1,748.60 | 7,015.75 | |
5 |
Total Expenses ( a ... g ) | 5,887.37 | 5,908.28 | 6,434.72 | 24,355.18 |
6 |
Total Profit/ (Loss) before Exceptional items and Tax (3-5) | 238.31 | 77.55 | 25.31 | 297.16 |
7 |
Exceptional item: | ||||
| Ex-gratia to employees under Voluntary Retirement Scheme | - | 57.75 | - | 154.00 | |
8 |
Profit / (Loss) Before Tax (6 - 7) | 238.31 | 19.80 | 25.31 | 143.16 |
9 |
Tax expense | ||||
| - Current Tax | 48.75 | - | - | - | |
| - Previous Year's Tax | - | - | - | - | |
| - Deferred Tax | 21.60 | (82.97) | (3.09) | -32.67 | |
10 |
Profit/ (Loss) for the period from continuing operations (8 - 9) | 167.96 | 102.77 | 28.40 | 175.83 |
11 |
Profit/ (Loss) for the period from discontinued operations, if any | - | - | - | - |
12 |
Profit/ (Loss) for the period (10 + 11) | 167.96 | 102.77 | 28.40 | 175.83 |
13 |
Other Comprehensive Income | ||||
| a) (i) Item that will not be reclassified to Profit & Loss | (14.25) | (6.28) | (1.10) | -20.06 | |
| (ii) Deferred Tax relating to item that will not be reclassified to Profit & Loss | 4.40 | (8.18) | 0.34 | -3.92 | |
| b) (i) Item that will be reclassified to Profit & Loss | - | 0.42 | - | 0.42 | |
| (ii) Income Tax relating to item that will be reclassified to Profit & Loss | - | - | - | - | |
14 |
Total Comprehensive Income for the period (12 + 13) - (comprising of Profit / (Loss) and Other Comprehensive Income) | 158.11 | 88.73 | 27.64 | 152.27 |
15 |
Paid up Equity Share Capital-Face Value-Rs.10/- each | 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. | ||||
| Basic and diluted EPS (not annualised) - in Rs. | 4.27 | 2.61 | 0.72 | 4.47 | |
Notes : |
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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 Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the Companies (Indian Accounting Standards) Rules, 2016. | |||
2 |
The format of quarterly results has been adopted to comply with the requirements of SEBI's Circular dated 5th July 2016 and Schedule III to Companies Act, 2013. | |||
3 |
The operations of the Company relate only to one segment viz., friction materials. | |||
4 |
Other Income for the quarter ended 30.06.2017 includes Interest of Rs. 113.18 lacs received on Income Tax refunds. | |||
5 |
Other Comprehensive Income comprises of the impact on movement in fair value of Non-Current Investments in Equity, Remeasurement of Defined Plan Benefits. | |||
6 |
The figures for the quarter ended March 31, 2017 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2017 and the published year to date figures upto December 31, 2016, being the date of end of the third quarter of the financial year ended 31.03.2017, which were subjected to limited audit review. | |||
7 |
The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 4th August 2017 and a limited audit review of the same was carried out by the Statutory Auditors. | |||
8 |
Prior period figures have been regrouped wherever necessary to conform to current period classification. | |||
| On behalf of the Board For SUNDARAM BRAKE LININGS LIMITED |
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| CHENNAI | KRISHNA MAHESH |
| 4th AUG 2017 | MANAGING DIRECTOR |