SUNDARAM BRAKE LININGS LIMITED
Unaudited result December2011
Investor Information
UNAUDITED FINANCIAL RESULTS (PROVISIONAL) FOR THE QUARTER ENDED 31ST DECEMBER 2011
Rs. lacs
  Particulars For the Quarter / three
months ended		 For the nine months ended Year ended
31.12.2011 30.09.2011 31.12.2010 31.12.2011 31.12.2010 31.03.2011
(Unaudited) (Unaudited) (Audited)
1 (a) Net Sales 6,262.50 6,527.12 5,809.61 19,049.58 17,267.60 23,572.65
  (b) Other Operating  Income 27.63 24.68 32.22 79.79 118.36 174.06
  Total Income 6,290.13 6,551.80 5,841.83 19,129.37 17,385.96 23,746.71
2. Expenditure            
  a) Decrease / (Increase) in stock in trade and work in progress (0.10) (89.95) 4.03 (125.83) 98.94 (7.12)
  b) Consumption of raw materials & components 3,163.32 3,450.36 3,111.26 10,057.43 9,111.47 12,327.83
  c) Employee Cost 870.76 839.52 704.79 2,534.31 2,120.94 2,798.34
  d) Power & Fuel 789.84 749.93 697.34 2,283.09 2,037.32 2,773.10
  e) Depreciation 193.20 197.52 174.51 588.24 494.49 632.57
  f) Other expenditure 947.78 912.57 818.27 2,655.45 2,502.08 3,421.40
  Total Expenditure ( a ... f ) 5,964.80 6,059.95 5,510.20 17,992.69 16,365.24 21,946.12
3 Profit from Operations before Other Income, Interest & Exceptional items (1-2) 325.33 491.85 331.63 1,136.68 1,020.72 1,800.59
4 Other Income - - -  -  -  - 
5 Profit before Interest & Exceptional items (3+4) 325.33 491.85 331.63 1,136.68 1,020.72 1,800.59
6 Interest 114.60 103.38 71.70 320.15 205.24 270.59
7 Profit after Interest but before Exceptional items (5-6) 210.73 388.47 259.93 816.53 815.48 1,530.00
8 Exceptional items            
  Ex-gratia to employees under Early Retirement Scheme -  -  -  -  -  1.89
9 Profit from Ordinary Activities Before Tax (7-8) 210.73 388.47 259.93 816.53 815.48 1,528.11
10 Tax expense            
  - Current Tax 42.17 77.72 56.48 163.37 162.53 317.51
  - Deferred Tax 0.46 3.67 26.50 4.13 53.00 20.00
11 Net Profit from Ordinary Activities After Tax (9-10) 168.10 307.08 176.95 649.03 599.95 1,190.60
12 Extraordinary Items (net of tax expense)            
  Amount paid to a bank 139.99 139.99 140.12 419.96 420.36 560.49
13 Net Profit for the period (11-12) 28.11 167.09 36.83 229.07 179.59 630.11
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           9,308.88
16 Earnings Per Share (EPS) - in Rs.            
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs. 4.27 7.80 4.50 16.50 15.25 30.26
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs. 0.71 4.25 0.94 5.82 4.56 16.01
17 Public shareholding            
  - Number of shares  1,392,734 1,392,734 1,395,734 1,392,734 1,392,734 1,392,734
  - Percentage of shareholding 35.4% 35.4% 35.4% 35.4% 35.4% 35.4%
18 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  2,541,841  2,541,841 2,541,841 2,541,841 2,541,841 2,541,841
  - 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) 64.6% 64.6% 64.6% 64.6% 64.6% 64.6%
 
Notes:
1 The operations of the Company relate only to one segment viz., friction materials.
2 Status of investor grievances for the Quarter ended 31st December 2011: 

Number of complaints received and disposed during the quarter - Nil. Number of complaints pending unresolved at the commencement and at the close of the quarter - NIL.
3 Note on losses arising from derivative transactions:
As reported in earlier publications and Annual Accounts, the Company had entered into the arrangements for settlement of disputes arising out of certain derivative transactions entered into on behalf of the Company with some banks. The settlements were subject to fulfilment of payment obligations arising on the Company for specified years which have now been fully met by the Company. However though the liability for the balance settlement amounts will arise on the Company during next 15 months on specified dates in the settlement agreement, the payments already made by the Company will not create any further contingent or financial liability on the Company but the amounts so paid will be adjusted in Profit & Loss Account in the said 15 months. As per the practice followed in the past, the net amount paid by the Company relating to the period has been shown as Extraordinary Expenditure (net of tax).
4 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 9th February 2012 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 K MAHESH
  9th February 2012 CHAIRMAN & MANAGING DIRECTOR