UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30th SEPTEMBER 2017

In Lacs

	Particulars	Quarter Ended			Half Year Ended		For the Year ended
		30.09.2017	30.06.2017	30.09.2016	30.09.2017	30.09.2016	31.03.2017
		(Unaudited)			(Unaudited)		(Audited)
1	Revenue from Operations (Refer Note No. 5)	6,169.75	5,987.73	6,700.42	12,157.48	13,122.50	24,521.02
2	Other Income	44.32	137.95	22.10	182.27	60.04	131.32
3	Total Revenue	6,214.07	6,125.68	6,722.52	12,339.75	13,182.54	24,652.34
4	Expenditure
	(a) Cost of materials consumed	2,774.10	2,885.21	3,025.29	5,659.31	5,904.64	10,897.25
	(b) Excise Duty (Refer Note No. 5)	0.00	409.98	438.37	409.98	905.56	1,761.13
	(c) Changes in inventories of finished goods and work-in-progress	388.24	-398.19	-250.36	-9.95	-268.09	-579.73
	(d) Employee benefits expenses	1,147.92	1,091.92	1,208.99	2,239.84	2,357.24	4,466.94
	(e) Finance cost	40.79	39.31	62.52	80.10	128.91	252.59
	(f) Depreciation and amortisation expense	109.19	109.10	142.98	218.29	285.64	541.25
	(g) Other expenses	1,683.07	1,750.04	1,895.43	3,433.11	3,644.03	7,015.75
5	Total Expenses ( a ... g )	6,143.31	5,887.37	6,523.22	12,030.68	12,957.93	24,355.18
6	Total Profit/ (Loss) before Exceptional items and Tax (3-5)	70.76	238.31	199.30	309.07	224.61	297.16
7	Exceptional item:
	Ex-gratia to employees under Voluntary Retirement Scheme	-	-	38.50	-	38.50	154.00
8	Profit / (Loss) Before Tax (6 - 7)	70.76	238.31	160.80	309.07	186.11	143.16
9	Tax expense
	- Current Tax	13.50	48.75	-	62.25	-	-
	- Previous Year's Tax	-	-	-	-	-	-
	- Deferred Tax	3.75	21.60	36.10	25.35	33.01	-32.67
10	Profit/ (Loss) for the period from continuing operations (8 - 9)	53.51	167.96	124.70	221.47	153.10	175.83
11	Profit/ (Loss) for the period from discontinued operations, if any	-	-	-	-	-	-
12	Profit/ (Loss) for the period (10 + 11)	53.51	167.96	124.70	221.47	153.10	175.83
13	Other Comprehensive Income
	a) (i) Item that will not be reclassified to Profit & Loss	18.66	(14.25)	(33.54)	4.41	(34.63)	(20.06)
	(ii) Deferred Tax relating to item that will not be reclassified to Profit & Loss	(5.77)	4.40	10.36	(1.37)	10.70	(3.92)
	b) (i) Item that will be reclassified to Profit & Loss	-	-	-	-	-	0.42
	(ii) Income Tax relating to item that will be reclassified to Profit & Loss	-	-	-	-	-	-
14	Total Comprehensive Income (12+13)	66.41	158.11	101.53	224.52	129.17	152.27
15	Paid up Equity Share Capital-Face Value-Rs.10/- each	393.46	393.46	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.
	a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.	1.36	4.27	3.17	5.63	3.89	4.47
	b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.	1.36	4.27	3.17	5.63	3.89	4.47

Notes :
	Statement of Assets and Liabilities as at 30th September 2017 as compared to same period of previous year:				Rs. Lacs
	Particulars	As at 30.09.2017		As at 30.09.2016
		(Unaudited)		(Unaudited)
A	ASSETS
1	Non-current Assets
	(a) Property, Plant and Equipment	6,897.29		7,187.50
	(b) Capital work-in-progress	-			-
	(c) Investment Property	37.53		37.80
	(c) Other Intangible Assets	-		-
	(d) Financial Asset
	i. Non-Current Investments	2.41		1.72
	ii. Long-term Loans & Advances	415.31		393.35
	(e) Income Tax Assets (Net)	-		-
	(f) Other Non-Current Assets	289.81		326.37
	Sub-total - Non-current Assets		7,642.34		7,946.73
2	Current Assets
	(a) Inventories	2,865.12		2,513.64
	(b) Financial Assets
	i. Current Investments	-		-
	ii. Trade Receivables	5,381.84		5,622.94
	iii. Cash and cash equivalents	588.07		450.45
	iv. Short-term loans and advances	353.40		385.77
	(c) Other Current Assets	-		0.83
	Sub-total - Current Assets		9,188.43		8,973.63
	TOTAL - ASSETS		16,830.78		16,920.36
B	EQUITY AND LIABILITIES
1	Equity
	(a) Equity Share Capital	393.46		393.46
	(b) Other Equity	6,927.68		6,747.78
	Sub-total - Shareholders' funds		7,321.14		7,141.24
2	Share application maney pending allotment		-		-
	LIABILITIES
3	Non-current liabilities
	(a) Financial Liabilities
	i. Long-term borrowings	0.00		125.00
	(b) Deferred tax liabilities (net)	1,266.22		1,234.52
	(c) Other long-term liabilities	-		-
	(d) Long-term provisions	92.26		103.33
	Sub-total - Non-current liabilities		1,358.48		1,462.85
4	Current liabilities
	(a) Financial Liabilities
	i. Short-term borrowings	3,554.41		3,903.30
	ii. Trade payables	2,342.75		2,284.51
	(b) Other current liabilities	128.48		380.34
	(c) Short-term provisions	2,125.52		1,748.12
	Sub-total - Current liabilities		8,151.16		8,316.27
	TOTAL - EQUITY AND LIABILITIES		16,830.78		16,920.36

Notes :
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 relevant Rules thereof.
2.	The operations of the Company relate only to one segment viz., friction materials.
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 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 9th November 2017 and a limited audit review of the same was carried out by the Statutory Auditors.
5.	In accordance with the requirements of Ind-AS, Revenue from Operations (as indicated in Sl. No. 1) for the Quarter ended 30th September, 2017 excludes Goods and Services Tax (GST). However, Revenue from Operations for the period upto 30th June, 2017 includes Excise Duty as indicated in Sl. No. 4(b).
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    9th November, 2017	KRISHNA MAHESH MANAGING DIRECTOR
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