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UNAUDITED FINANCIAL RESULTS
(PROVISIONAL) FOR THE QUARTER ENDED 31st
December 2009
|
| Rs. lacs
|
| |
Particulars
|
3 Months
ended | Corresponding
3 Months
ended in
previous year |
Year to date
figures for the
current
year ended |
Year to date
figures for the
previous year ended |
Previous
accounting
Year Ended |
|
31.12.2009 |
31.12.2008 |
31.12.2009 |
31.12.2008 |
31.03.2009 |
| (Unaudited) |
(Unaudited) |
(Audited) |
| 1
|
(a) Net Sales
|
5,458.78
|
3,821.61 |
14,387.55 |
13,723.44
|
17,133.79
|
| |
(b) Other
Operating Income
|
25.18
|
6.81 |
63.29 |
21.40 |
45.22
|
| |
Total Income
|
5,483.96
|
3,828.42
|
14,450.84
|
13,744.84
|
17,179.01
|
| 2. |
a) Decrease /
(Increase) in stock in trade and work in progress
|
46.78
|
40.35
|
(118.91)
|
(22.85)
|
58.49
|
| |
b) Consumption of raw materials & components
|
2,625.77
|
1,867.07
|
6,915.00 |
6,773.24 |
8,267.85
|
| |
c) Employee Cost
|
643.12
|
605.88
|
1,813.02
|
1,786.59
|
2,166.96
|
| |
d) Power & Fuel
|
636.54
|
444.36
|
1,651.66
|
1,356.37
|
1,702.07
|
| |
e) Depreciation
|
147.66
|
150.00
|
442.92
|
446.93
|
581.97
|
| |
f) Other expenditure
|
894.76
|
570.93
|
2,385.08
|
2,248.46
|
3,134.73
|
| |
Total Expenditure ( a ... f )
|
4,994.63
|
3,678.59
|
13,088.77
|
12,588.74
|
15,912.07 |
| 3
|
Profit from
Operations before Other Income, Interest & Exceptional items (1-2) |
489.33
|
149.83
|
1,362.07
|
1,156.10
|
1,266.94
|
| 4 |
Other Income |
- |
- |
- |
- |
- |
| 5 |
Profit before
Interest & Exceptional items (3+4) |
489.33
|
149.83
|
1,362.07
|
1,156.10 |
1,266.94
|
| 6
|
Interest
|
67.27
|
71.22
|
205.19
|
189.66
|
235.43
|
| 7 |
Profit after
Interest but before Exceptional items (5-6) |
422.06
|
78.61
|
1,156.88
|
966.44
|
1,031.51 |
| 8 |
Exceptional items:
|
|
|
|
|
|
| |
Ex-gratia to
employees under Early Retirement Scheme
|
-
|
-
|
-
|
1.92
|
6.15
|
| 9 |
Profit from Ordinary
Activities Before Tax (7-8) |
422.06
|
78.61
|
1,156.88
|
964.52
|
1,025.36
|
| 10
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Tax expense |
|
|
|
|
|
| |
- Current Tax |
75.74 |
29.50 |
291.72 |
352.50 |
397.73 |
|
|
- Previous Year's Tax
|
-
|
-
|
-
|
-
|
(233.00)
|
|
|
- Deferred Tax |
(49.75)
|
(7.50)
|
(42.00)
|
(21.00)
|
(48.00)
|
| |
- Fringe Benefit
Tax |
-
|
4.50
|
-
|
13.00
|
17.00
|
| 11
|
Net Profit from
Ordinary Activities After Tax (9-10) |
396.07
|
52.11
|
907.16
|
620.02
|
891.63
|
| 12
|
Extraordinary Items
(net of tax expense) |
|
|
|
|
|
| |
Amount paid /
refunded / payable to various banks |
124.76 |
34.23 |
374.28 |
239.62 |
440.32 |
| 13 |
Net Profit for
the period (11-12). |
271.31
|
17.88 |
532.88
|
380.40
|
451.31
|
| 14
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Paid up Equity Share
Capital-Face Value-Rs.10/- each |
393.46 |
271.35 |
393.46 |
271.35 |
271.35 |
| 15 |
Reserves excluding
Revaluation Reserve as per balance sheet of previous accounting year
|
|
|
|
|
7,061.09
|
| 16 |
Earnings Per Share
(EPS) - in Rs. |
|
|
|
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| |
a) Basic and
diluted EPS before Extraordinary items (not annualised) - in Rs. |
10.07
|
1.92
|
23.06
|
22.85
|
32.86
|
| |
b) Basic and
diluted EPS after Extraordinary items (not annualised) - in Rs. |
6.90
|
0.66
|
13.54
|
14.02
|
16.63
|
| 17 |
Public shareholding |
|
|
|
|
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| |
- Number of shares |
1,395,734
|
1,066,336
|
1,395,734
|
1,066,336
|
1,066,336 |
| |
- Percentage of
shareholding |
35.5%
|
39.3%
|
35.5%
|
39.3%
|
39.3% |
| 18 |
Promoters and Promoter Group Shareholding
|
|
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| |
a. Pledged/Encumbered
|
|
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| |
- Number of shares |
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 |
| |
- Percentage of shares (as a % of the total share capital of the company)
|
Nil
|
Nil
|
Nil
|
Nil
|
Nil |
| |
b) Non-encumbered
|
|
|
|
|
|
| |
- Number of shares |
2,538,841
|
1,647,164
|
2,538,841
|
1,647,164
|
1,647,164 |
| |
- 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% |
| |
- Percentage of shares (as a % of the total share capital of the company)
|
64.5%
|
60.7%
|
64.5%
|
60.7%
|
60.7% |
Note: |
1
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The operations of the Company relate only to one segment viz., friction
materials.
|
2
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Status of investor grievances for the Quarter ended 31st December 2009 :
Number of complaints received and disposed during the quarter - Nill.
Number of complaints pending unresolved at the commencement and at the close of
the quarter - NIL.
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3
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Note on losses arising from purported derivative transactions:
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As reported in earlier publications and Annual Accounts, certain derivative transactions were purported to have been entered into on behalf of the Company with some banks. The disputes relating to such transactions with all banks have been settled. The net amount paid by the Company relating to the period has been shown as Extraordinary Expenditure (net of tax). If the Company defaults in case of its financial commitments under the said settlement, the entire amount claimed by the Bank (net of payments made) equivalent to Rs. 87.62 Crores would become payable.
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4
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The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 24th January 2010 and a limited audit review of the same has been carried out by the Statutory Auditors.
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5
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Prior period figures have been regrouped wherever necessary to conform to current period classification.
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On behalf of the Board
For SUNDARAM BRAKE LININGS LIMITED
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Place: Chennai
29th October 2009
|
K MAHESH
CHAIRMAN & MANAGING DIRECTOR |
| Visit our website : www.tvsbrakelinings.com |
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