SUNDARAM BRAKE LININGS LIMITED
UNAUDITED RESULTS SEP 2013
Investor Information
UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER / SIX MONTHS ENDED 30th SEPTEMBER 2013
Rs. lacs
 
Particulars
For the Quarter / three months ended
For the six months ended
For the Year ended
 
 
30.09.2013
30.06.2013
30.09.2012
30.09.2013
30.09.2012
31.03.2013
 
(Unaudited)
(Unaudited)
(Audited)
               
1 Income from Operations            
  (a)  Net sales /  income from operations (net of excise duty)
6,037.89
5,893.82
5,312.12
11,931.71
10,893.63
23,038.72
  (b) Other Operating Income
107.41
76.01
28.20
183.42
134.22
179.50
  Total Income from operations (net)    
6,145.30
   
5,969.83
   
5,340.32
     
12,115.13
  
11,027.85
    
23,218.22
2 Expenses
  (a) Cost of materials consumed
2,853.51
2,914.10
2,928.80
5,767.61
5,803.41
12,079.90
  (b) Purchases of stock-in-trade  
-
 
-
 
-
 
-
 
-
 
-
  © Changes in inventories of finished goods & work-in-progress
178.62
208.50
(335.57)
387.12
(338.01)
(770.64)
  (d) Employee benefits expense
863.95
909.21
895.25
1,773.16
1,815.91
3,432.87
  (e) Depreciation and amortisation expense
209.58
209.58
175.98
419.16
387.84
779.77
  (f) Other expenses
1,786.98
1,946.63
1,790.46
3,733.61
3,699.86
7,860.02
  Total Expenses ( a ... f )
5,892.64
6,188.02
5,454.92
12,080.66
11,369.01
23,381.92
3 Profit/ (Loss) from Operations before Other Income, finance cost & Exceptional items (1-2)
252.66
(218.19)
(114.60)
34.47
(341.16)
(163.70)
4 Other Income
9.21
11.68
6.75
20.89
13.63
52.82
5 Profit / (Loss) from ordinary activities before finance costs & Exceptional items (3+4)
261.87
(206.51)
(107.85)
55.36
(327.53)
(110.88)
6 Finance costs
72.67
72.63
81.39
145.30
169.40
299.81
7 Profit / (Loss) from ordinary activities after finance costs but before Exceptional items (5-6)
189.20
(279.14)
(189.24)
(89.94)
(496.93)
(410.69)
8 Exceptional items                
-  
 
-
 
-
                   
-  
                
-  
 
-
9 Profit / (Loss) from Ordinary Activities Before Tax (7 - 8)
189.20
(279.14)
(189.24)
(89.94)
(496.93)
(410.69)
   
10 Tax expense
  - Current Tax  
-
 
-
 
-
 
-
 
-
 
(0.25)
  - Previous Year's Tax  
-
 
-
 
-
 
-
 
-
 
(45.86)
  - Deferred Tax  
-
 
-
 
-
 
-
 
-
16.00
   
11 Net Profit/ (Loss) from Ordinary Activities After Tax (9 - 10)       
189.20
    
(279.14)
     
(189.24)
            
(89.94)
      
(496.93)
         
(440.80)
12 Extraordinary Items (net)  (net of tax expense)  
-
 
-
 
-
 
-
 
-
 
-
13 Net Profit / (Loss) for the period (11 - 12)       
189.20
    
(279.14)
     
(189.24)
            
(89.94)
      
(496.93)
         
(440.80)
14 Paid up Equity Share Capital-Face Value-Rs.10/- each       
393.46
      
393.46
      
393.46
           
393.46
       
393.46
         
393.46
15 Reserves excluding Revaluation Reserve as per Balance Sheet of previous accounting year
      
8,787.35
16 Earnings Per Share  (EPS) - in Rs.
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.            
4.81
        
(7.09)
         
(4.81)
              
(2.29)
         
(12.63)
           
(11.20)
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.            
4.81
        
(7.09)
         
(4.81)
              
(2.29)
         
(12.63)
           
(11.20)
  See accompanying note to the financial results
PART II
Select information for the quarter and half year ended 30th September 2013, same period of previous year and previous year ended 31st March 2013
A PARTICULARS OF SHAREHOLDING            
1 Public shareholding
  - Number of shares
1,339,726
1,372,928
1,392,734
1,339,726
1,392,734
1,376,505
  - Percentage  of shareholding
34.1%
34.9%
35.4%
34.1%
35.4%
35.0%
2 Promoters and Promoter Group Shareholding
  a. Pledged/Encumbered
  - Number of shares
Nil
Nil
Nil
Nil
Nil
Nil
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
Nil
Nil
Nil
Nil
Nil
Nil
 
  - Percentage of shares (as a % of the total share capital of the company)
Nil
Nil
Nil
Nil
Nil
Nil
 
  b. Non-encumbered
  - Number of shares
2,594,849
2,561,647
2,541,841
2,594,849
2,541,841
2,558,070
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
100.0%
100.0%
100.0%
100.0%
100.0%
100.0%
 
  - Percentage of shares (as a % of the total share capital of the company)
65.9%
65.1%
64.6%
65.9%
64.6%
65.0%
 
 
Particulars
3 months ended 30th September 2013
B INVESTOR COMPLAINTS  
     
  Pending at the beginning of the quarter
Nil
  Received during the quarter
Nil
  Disposed of during the quarter
Nil
  Remaining unresolved at the end of the quarter
Nil
Notes :   
1 Statement of Assets and Liabilities (Unaudited):
As at 30.09.2013 (current half year end)
As at 31.03.2013 (previous year end)
   
     
Rs. Lacs
Rs. Lacs
   
(Unaudited)
    
A EQUITY AND LIABILITIES        
           
1 Shareholders' funds        
  (a) Share Capital 393.46   393.46  
  (b) Reserves & Surplus 8,697.42   8,787.35  
  (c) Money received against Share Warrants  -    -  
  Sub-total - Shareholders' funds   9,090.88   9,180.81
2 Share application maney pending allotment    -    -
3 Non-current liabilities        
  (a) Long-term borrowings 1,137.45   1,278.55  
  (b) Deferred tax liabilities (net) 1,156.37   1,156.37  
  (c) Other long-term liabilities  -    -  
  (d) Long-term provisions 74.15   74.15  
  Sub-total - Non-current liabilities   2,367.97   2,509.07
4 Current liabilities        
  (a) Short-term borrowings 2,210.43   2,536.41  
  (b) Trade payables 2,037.96   2,301.62  
  (c) Other current liabilities 329.93   312.64  
  (d) Short-term provisions 688.54   692.41  
  Sub-total - Current liabilities   5,266.86   5,843.08
  TOTAL - EQUITY AND LIABILITIES   16,725.71   17,532.96
           
  ASSETS        
1 Non-current Assets        
  (a) Fixed Assets 8,398.72   8,608.03  
  (b) Non-Current Investments 0.60   0.01  
  (c) Deferred Tax Assets (Net)  -    -  
  (d) Long-term Loans & Advances 322.11   320.44  
  (e) Other Non-Current Assets  -    -  
  Sub-total - Non-current Assets   8,721.43   8,928.48
2 Current Assets        
  (a) Current Investments  -    -  
  (b) Inventories 2,101.84   2,474.21  
  (c) Trade Receivables 4,687.14   5,111.92  
  (d) Cash and cash equivalents 396.74   365.35  
  (e) Short-term loans and advances 818.56   653.00  
  (f) Other Current Assets  -    -  
  Sub-total - Current Assets   8,004.28   8,604.48
  TOTAL - ASSETS   16,725.71   17,532.96

2. The operations of the Company relate only to one segment viz., friction materials.
 
3. The above results and the Statement of Assets and Liabilities were reviewed by the Audit Committee and approved by the
    Board of Directors at its meeting held on 5th November 2013 and a limited audit review of the same has been carried  out
    by the Statutory Auditors.
4. 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                                               K MAHESH  
  5th November 2013 CHAIRMAN & MANAGING DIRECTOR
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