UNAUDITED RESULTS JUNE 2021
  (Rs. ln Lakhs except for Earnings Per share data)
 
Particulars
Quarter Ended
For the Year ended
 
 
30.06.2021
31.03.2021
30.06.2020
31.03.2021
 
(Unaudited)
(Audited)
           
1 Revenue from Operations
6,423.64
7,621.81
3,049.57
23,684.70
2 Other Income
78.39
75.98
17.28
128.00
3 Total Revenue
6,502.03
7,697.79
3,066.85
23,812.70
4 Expenditure
  (a) Cost of materials consumed
3,783.01
4,080.78
1,305.52
11,570.34
  (b) Changes in inventories of finished goods and work-in-progress
-348.86
69.38
179.32
575.76
  (c) Employee benefits expenses
1,097.69
1,044.28
990.03
4,124.54
  (d) Finance cost
28.57
23.84
27.13
106.49
  (e) Depreciation and amortisation expense
143.47
143.40
136.98
562.38
  (f) Other expenses
1,930.05
2,128.54
958.32
6,663.34
5 Total Expenses ( a ... f ) 6,633.93 7,490.22 3,597.30 23,602.85
6 Total Profit/ (Loss) before Exceptional items and Tax (3-5) -131.90 207.57 -530.45 209.85
7 Exceptional item  -  -  -  -
8 Profit / (Loss) Before Tax (6 - 7) -131.90 207.57 -530.45 209.85
           
9 Tax expense        
  - Current Tax 0.00 34.63
-
35.02
  - Prior Period Tax 0.00
-
-
 (421.38)
  - Deferred Tax 0.15
(5.96)
4.73
(3.89)
           
10 Profit/ (Loss) for the period from continuing operations (8 - 9)
(132.05)
178.90
(535.18)
600.10
11 Profit/ (Loss) for the period from discontinued operations, if any
-
-
-
-
12 Profit/ (Loss) for the period (10 + 11)
(132.05)
178.90
(535.18)
600.10
13 Other Comprehensive Income 
  a) (i) Item that will not be reclassified to Profit & Loss
-
24.53
-
24.53
  (ii) Deferred Tax relating to item that will not be reclassified to Profit & Loss
-
(4.09)
-
(4.09)
  b)     (i) Item that will be reclassified to Profit & Loss
-
-
-
-
  (ii) Income Tax relating to item that will be reclassified to Profit & Loss
-
-
14 Total Comprehensive Income (12+13)
(132.05)
199.34
(535.18)
620.54
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
8,623.87
17 Earnings Per Share  (EPS) - in Rs.
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.
(3.36)
4.55
(13.60)
15.25
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.
(3.36)
4.55
(13.60)
15.25
Notes :
1 The operations of the Company relate only to one segment viz., friction materials.
2 The above unaudited financial results of the Company have been prepared in accordance with Ind AS notified under the Companies (Indian Accounting Standards) Rules, 2015. These results were reviewed and recommended by the Audit Committee and approved by the Board of Directors at its meeting held on 12th August, 2021. The Statutory Auditors have carried out a limited review for the quarter ended 30th June, 2021 and have issued an unqualified report thereon.
3

The spread of COVID-19 has impacted global economic activity as has been witnessed in several countries. There have been disruptions in businesses in India during the Lock down period. The Company's manufacturing plants had to operate under mandatory lockdown conditions during the quarter ended 30th June, 2021. The situation is evolving and the assessment of impact due to COVID-19 is a continuous process, given the uncertainties.

Management has conducted the possible impact of known events arising from COVID-19 pandemic in the preparation of these financial results and has analysed events subsequent to 30th June, 2021 and believes that there will not be any material effect on the carrying values of the assets and liabilities of the Company on the reporting date and there is no change in its ability to continue as a Going Concern.

4 Other Comprehensive Income mainly comprise of the impact on movement in fair value of Non-Current Investments in Equity and Remeasurement of Defined Plan Benefits
5 The figures for the previous periods have been regrouped wherever necessary to conform to current period classification.
 
On behalf of the Board
For SUNDARAM BRAKE LININGS LIMITED
Chennai KRISHNA MAHESH
12th August, 2021 MANAGING DIRECTOR