SUNDARAM BRAKE LININGS LTD

UNAUDITED RESULTS SEP 2014

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER / SIX MONTHS ENDED 30th SEPTEMBER 2014
Rs. lacs
	Particulars	For the Quarter / three months ended			For the six months ended		For the Year ended

		30.09.2014	30.06.2014	30.09.2013	30.09.2014	30.09.2013	31.03.2014
		(Unaudited)			(Unaudited)		(Audited)

1	Income from Operations
	(a) Net sales / income from operations (net of excise duty)	6,359.25	5,582.30	6,037.89	11,941.55	11,931.71	24,361.71
	(b) Other Operating Income	28.55	30.59	107.41	59.14	81.30	299.93
	Total Income from operations (net)	6,387.80	5,612.89	6,145.30	12,000.69	12,013.01	24,661.64
2	Expenses
	(a) Cost of materials consumed	3,641.20	2,944.74	2,853.51	6,585.94	5,767.61	12,280.71
	(b) Purchases of stock-in-trade	-	-	-	-	-	-
	(c) Changes in inventories of finished goods & work-in-progress	(410.11)	112.75	178.62	(297.36)	387.12	450.12
	(d) Employee benefits expense	980.08	937.61	863.95	1,917.69	1,773.16	3,434.87
	(e) Depreciation and amortisation expense	177.00	177.00	209.58	354.00	419.16	810.92
	(f) Other expenses	1,986.89	1,935.91	1,786.98	3,922.80	3,733.61	7,970.84
	Total Expenses ( a ... f )	6,375.06	6,108.01	5,892.64	12,483.07	12,080.66	24,947.46
3	Profit/ (Loss) from Operations before Other Income, finance cost & Exceptional items (1-2)	12.74	(495.12)	252.66	(482.38)	(67.65)	(285.82)
4	Other Income	31.39	11.03	9.21	42.42	123.01	250.87
5	Profit / (Loss) from ordinary activities before finance costs & Exceptional items (3+4)	44.13	(484.09)	261.87	(439.96)	55.36	(34.95)
6	Finance costs	81.05	90.45	72.67	171.50	145.30	292.66
7	Profit / (Loss) from ordinary activities after finance costs but before Exceptional items (5-6)	(36.92)	(574.54)	189.20	(611.46)	(89.94)	(327.61)
8	Exceptional items	-	-	-	-	-	339.71
9	Profit / (Loss) from Ordinary Activities Before Tax (7 - 8)	(36.92)	(574.54)	189.20	(611.46)	(89.94)	12.10

10	Tax expense
	- Current Tax	-	-	-	-	-	(0.05)
	- Previous Year's Tax	-	-	-	-	-	(409.29)
	- Deferred Tax	-	-	-	-	-	(124.40)

11	Net Profit/ (Loss) from Ordinary Activities After Tax (9 - 10)	(36.92)	(574.54)	189.20	(611.46)	(89.94)	(521.64)
12	Extraordinary Items (net) (net of tax expense)	-	-	-	-	-	-
13	Net Profit / (Loss) for the period (11 - 12)	(36.92)	(574.54)	189.20	(611.46)	(89.94)	(521.64)
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						8,265.71
16	Earnings Per Share (EPS) - in Rs.
	a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.	(0.94)	(14.60)	4.81	(15.54)	(2.29)	(13.26)
	b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.	(0.94)	(14.60)	4.81	(15.54)	(2.29)	(13.26)
	See accompanying note to the financial results

PART II
Select information for the quarter and half year ended 30th September 2014, same period of previous year and previous year ended 31st March 2014
A	PARTICULARS OF SHAREHOLDING
1	Public shareholding
	- Number of shares	1,355,791	1,335,791	1,339,726	1,355,791	1,339,726	1,335,791
	- Percentage of shareholding	34.5%	34.0%	34.1%	34.5%	34.1%	34.0%
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	2,578,784	2,598,784	2,594,849	2,578,784	2,594,849	2,598,784
	- 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)	65.5%	66.0%	65.9%	65.5%	65.9%	66.0%

	Particulars	3 months ended 30th September
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 30.09.2014 (current half year end)		As at 31.03.2014 (previous year end)
			Rs. Lacs		Rs. Lacs
		(Unaudited)		(Audited)
A	EQUITY AND LIABILITIES

1	Shareholders' funds
	(a) Share Capital	393.46		393.46
	(b) Reserves & Surplus	7,654.25		8,265.71
	(c) Money received against Share Warrants	-		-
	Sub-total - Shareholders' funds		8,047.71		8,659.16
2	Share application maney pending allotment		-		-
3	Non-current liabilities
	(a) Long-term borrowings	1,030.25		1,296.35
	(b) Deferred tax liabilities (net)	1,280.77		1,280.77
	(c) Other long-term liabilities	-		-
	(d) Long-term provisions	78.04		78.04
	Sub-total - Non-current liabilities		2,389.06		2,655.16
4	Current liabilities
	(a) Short-term borrowings	2,628.94		2,755.03
	(b) Trade payables	2,854.40		2,299.72
	(c) Other current liabilities	563.85		555.05
	(d) Short-term provisions	1,096.97		1,338.16
	Sub-total - Current liabilities		7,144.16		6,947.96
	TOTAL - EQUITY AND LIABILITIES		17,580.93		18,262.28

	ASSETS
1	Non-current Assets
	(a) Fixed Assets	8,464.47		8,715.24
	(b) Non-Current Investments	2.09		0.01
	(c) Deferred Tax Assets (Net)	-		-
	(d) Long-term Loans & Advances	427.41		389.44
	(e) Other Non-Current Assets	-		-
	Sub-total - Non-current Assets		8,893.97		9,104.69
2	Current Assets
	(a) Current Investments	-		0.59
	(b) Inventories	2,347.93		2,300.23
	(c) Trade Receivables	5,328.45		5,764.31
	(d) Cash and cash equivalents	448.71		395.14
	(e) Short-term loans and advances	561.87		697.32
	(f) Other Current Assets	-		-
	Sub-total - Current Assets		8,686.96		9,157.59
	TOTAL - ASSETS		17,580.93		18,262.28

2	The operations of the Company relate only to one segment viz., friction materials.
3	Depreciation for the current year has been charged with reference to the estimated useful life as given in Schedule II of Companies Act, 2013. In respect of assets whose useful life stood completed as at 01.04.2014, necessary adjustment against retained earnings will be made at year end.
4	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 12th November 2014 and a limited audit review of the same has been carried out by the Statutory Auditors.
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	KRISHNA MAHESH MANAGING DIRECTOR
	12th November 2014	KRISHNA MAHESH MANAGING DIRECTOR
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