| AUDITED FINANCIAL RESULTS FOR THE FINANCIAL YEAR ENDED 31st MARCH 2016 |
| Rs. lacs |
| |
Particulars |
For the Quarter / three months ended |
For the Year ended |
| 31.03.2016 |
31.12.2015 |
31.03.2015 |
31.03.2016 |
31.03.2015 |
| (UnAudited) |
(Audited) |
| |
|
|
|
|
|
|
| 1 |
Income from Operations |
|
|
|
|
|
| |
(a) Net sales / income from operations (net of excise duty) |
5,766.14 |
5,546.89 |
5,416.84 |
22,614.18 |
23,492.66 |
| |
(b) Other Operating Income |
1.17 |
63.21 |
52.49 |
137.84 |
158.11 |
| |
Total Income from operations (net) |
5,767.31 |
5,610.10 |
5,469.33 |
22,752.02 |
23,650.77 |
| 2 |
Expenses |
|
|
|
|
|
| |
(a) Cost of materials consumed |
2,805.09 |
2,487.81 |
2,607.47 |
10,550.77 |
12,246.71 |
| |
(b) Purchases of stock-in-trade |
0.00 |
0.00 |
0.00 |
- |
- |
| |
(c) Changes in inventories of finished goods & work-in-progress |
200.49 |
120.11 |
(285.04) |
405.50 |
(624.56) |
| |
(d) Employee benefits expense |
658.90 |
1,097.08 |
923.25 |
3,973.08 |
3,851.51 |
| |
(e) Depreciation and amortisation expense |
21.86 |
177.51 |
157.77 |
554.39 |
688.77 |
| |
(f) Other expenses |
1,890.26 |
1,624.52 |
2,294.21 |
7,154.61 |
8,112.02 |
| |
Total Expenses ( a ... f ) |
5,576.60 |
5,507.03 |
5,697.66 |
22,638.35 |
24,274.45 |
| 3 |
Profit/(Loss) from Operations before Other Income,
finance cost & Exceptional items (1-2) |
190.71 |
103.07 |
(228.33) |
113.67 |
(623.68) |
| 4 |
Other Income |
108.84 |
32.03 |
44.26 |
206.76 |
98.76 |
| 5 |
Profit / (Loss) from ordinary activities
before finance costs & Exceptional items (3+4) |
299.55 |
135.10 |
(184.08) |
320.43 |
(524.92) |
| 6 |
Finance costs |
33.77 |
75.02 |
97.79 |
290.12 |
368.04 |
| 7 |
Profit / (Loss) from ordinary activities after finance costs
but before exceptional items (5-6) |
265.78 |
60.08 |
(281.87) |
30.30 |
(892.96) |
| 8 |
Exceptional items: |
0.00 |
- |
0.00 |
- |
- |
| 9 |
Profit / (Loss) from Ordinary
Activities Before Tax (7 - 8) |
265.78 |
60.08 |
(281.87) |
30.30 |
(892.96) |
| 10 |
Tax expense |
|
|
|
|
|
| |
- Current Tax |
0.00 |
- |
(0.09) |
- |
(0.09) |
| |
- Previous Year's Tax |
0.00 |
0.00 |
(644.44) |
- |
(644.44) |
| |
- Deferred Tax |
3.50 |
0.00 |
82.75 |
3.50 |
82.75 |
| 11 |
Net Profit/ (Loss) from Ordinary
Activities After Tax (9 - 10) |
262.28 |
60.08 |
(843.65) |
26.80 |
(1,454.74) |
| 12 |
Extraordinary Items (net) (net of tax expense) |
- |
- |
- |
- |
- |
| 13 |
Net Profit / (Loss) for the period (11 - 12) |
262.28 |
60.08 |
(843.65) |
26.80 |
(1,454.74) |
| 14 |
Paid up Equity Share Capital-Face Value-Rs.10/- each |
393.46 |
393.46 |
393.46 |
393.46 |
393.46 |
| 15 |
Reserves excluding Revaluation Reserve as per balance sheet |
|
|
|
6,618.99 |
6,592.19 |
| 16 |
Earnings Per Share (EPS) - in Rs. |
|
|
|
|
|
| |
i) Basic and diluted EPS before
Extraordinary items (not annualised) - in Rs. |
6.67 |
1.53 |
(21.44) |
0.68 |
(36.97) |
| |
ii) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. |
6.67 |
1.53 |
(21.44) |
0.68 |
(36.97) |
| See accompanying note to the financial results |
| Notes : |
| 1 |
Statement of Assets and Liabilities (Audited): |
As at 31.03.2016 |
As at 31.03.2015 |
| |
|
Rs. In Lacs |
Rs. In Lacs |
| A |
EQUITY AND LIABILITIES |
|
|
|
|
| |
|
|
|
|
|
| 1 |
Shareholders' funds |
|
|
|
|
| |
(a) Share Capital |
393.46 |
|
393.46 |
|
| |
(b) Reserves & Surplus |
6,618.99 |
|
6,592.19 |
|
| |
Sub-total - Shareholder's funds |
|
7,012.45 |
|
6,985.65 |
| 2 |
Non-current liabilities |
|
|
|
|
| |
(a) Long-term borrowings |
285.00 |
|
764.15 |
|
| |
(b) Deferred tax liabilities (net) |
1,201.52 |
|
1,198.02 |
|
| |
(c) Long-term provisions |
122.20 |
|
72.87 |
|
| |
Sub-total - Non-current liabilities |
|
1,608.72 |
|
2,035.04 |
| 3 |
Current liabilities |
|
|
|
|
| |
(a) Short-term borrowings |
4,018.85 |
|
3,764.88 |
|
| |
(b) Trade payables |
3,583.53 |
|
3,386.51 |
|
| |
(c) Other current liabilities |
492.69 |
|
617.06 |
|
| |
(d) Short-term provisions |
843.62 |
|
888.41 |
|
| |
Sub-total - Current liabilities |
|
8,938.69 |
|
8,656.86 |
| |
TOTAL - EQUITY AND LIABILITIES |
|
17,559.86 |
|
17,677.55 |
| |
|
|
|
|
|
| |
ASSETS |
|
|
|
|
| 1 |
Non-current Assets |
|
|
|
|
| |
(a) Fixed Assets |
7,730.46 |
|
8,073.97 |
|
| |
(b) Non-Current Investments |
2.10 |
|
2.10 |
|
| |
(c) Long-term Loans & Advances |
830.86 |
|
437.33 |
|
| |
Sub-total - Non-current Assets |
|
8,563.42 |
|
8,513.39 |
| 2 |
Current Assets |
|
|
|
|
| |
(a) Inventories |
2,555.79 |
|
2,876.54 |
|
| |
(b) Trade Receivables |
5,321.86 |
|
5,403.13 |
|
| |
(c) Cash and cash equivalents |
436.96 |
|
343.45 |
|
| |
(d) Short-term loans and advances |
681.83 |
|
540.81 |
|
| |
Sub-total - Current Assets |
|
8,996.44 |
|
9,163.93 |
| |
TOTAL - ASSETS |
|
17,559.86 |
|
17,677.55 |
| 2 |
| The operations of the Company relate only to one segment viz., friction materials. |
|
|
| 3 |
| The above results were reviewed by the Audit Committee at its Meeting held on 24th May 2016 and approved by the Board of Directors at its meeting held on 24th May 2016. |
|
| 4 |
| Excess provision for Depreciation and Employees' cost made in earlier Quarters have been reversed in the Quarter ended 31.03.2016. |
|
|
| 5 |
| Prior period figures have been regrouped wherever necessary to conform to current period classification. |
|
| 6 |
| The figures for the quarters ended March 31, 2016 / 2015 are the balancing figures between the Audited figures in respect of the financial years and the published years to date figures upto December 31, 2015 / 2014. |
|
|
|
| On behalf of the Board |
| For SUNDARAM BRAKE LININGS LIMITED |
|
Chennai
24th May 2016 |
KRISHNA MAHESH
MANAGING DIRECTOR |
| Visit our website: www.tvsbrakelinings.com |
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