AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31st MARCH 2011
Rs. lacs       
 
Particulars
For the current year ended
Previous accounting year ended
31.03.2011
31.03.2010
(Audited)
(Audited)
1 (a) Net Sales
23,572.65
19,933.16
  (b) Other Operating Income
174.06
113.30
  Total Income
23,746.71
20,046.46
2 Expenditure
 
 
  a) (Increase) / Decrease in stock in trade and work in progress
(7.11)
(5.37)
  b) Consumption of raw materials & components
12,327.82
9,684.22
  c) Employee Cost
2,798.34
2,355.71
  d) Power & Fuel
2,773.10
2,267.65
  e) Depreciation
632.57
593.52
  f) Other expenditure
3,421.40
3,408.17
  Total Expenditure ( a ... f )
21,946.12
18,303.90
3 Profit from Operations before Other Income, Interest & Exceptional items (1-2)
1,800.59
1,742.56
4 Other Income
    -       
    -       
5 Profit before Interest & Exceptional items (3+4)
1,800.59
1,742.56
6 Interest
270.59
219.44
7 Profit after Interest but before Exceptional items (5-6)
1,530.00
1,523.12
8 Exceptional items:
 
 
  Ex-gratia to employees under Early Retirement Scheme
1.89
    -       
9 Profit from Ordinary Activities Before Tax(7-8)
1,528.11
1,523.12
10 Tax expense
 
 
   - Current Tax
317.51
245.48
   - Deferred Tax
20.00
33.00
11 Net Profit from Ordinary Activities After Tax(9-10)
1,190.60
1,244.64
12 Extraordinary Items (net of tax expense)
 
 
  Amounts paid to a banks
560.49
627.52
13 Net Profit for the period (11-12)
630.11
617.12
14 Paid up Equity Share Capital-Face Value-Rs.10/- each
393.46
393.46
15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year
 9,491.79
8,861.68
16 Earnings Per Share (EPS) - in Rs.
 
 
  a) Basic and diluted EPS before Extraordinary items (not annualised) - in Rs.(Based on Weighted Average number of shares & considering the adjustment factor as per AS 20 for FY 2009-10)
30.26
33.27
  b) Basic and diluted EPS after Extraordinary items (not annualised) - in Rs.(Based on Weighted Average number of shares & considering the adjustment factor as per AS 20 for FY 2009-10)
16.01
16.49
17 Public shareholding
 
 
  - Number of shares
1,392,734
1,395,734
  - Percentage of shareholding
35.4%
35.5%
18 Promoters and Promoter Group Shareholding
 
 
  a. Pledged/Encumbered
 
 
  - Number of shares
Nil
Nil
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
Nil
Nil
  - Percentage of shares (as a % of the total share capital of the company)
Nil
Nil
  b. Non-encumbered
 
 
  - Number of shares
2,541,841
2,538,841
  - Percentage of shares (as a % of the total shareholding of the promoter and promoter group)
100.0%
100.0%
  - Percentage of shares (as a % of the total share capital of the company)
64.6%
64.5%

    Note :

  1. The operations of the Company relate only to one segment viz., friction materials.

  2. Status of investor grievances for the Quarter ended 31st March 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 purported derivative transactions:

    As reported in earlier publications and Annual Accounts, there were certain disputes arising out of certain derivative transactions entered into on behalf of the Company with some banks and 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. 80.62 Crores would become payable.

  4. The Board of Directors have recommended a Dividend of Rs.4/- per equity share of Rs. 10/- each for the year ended 31st March 2011 subject to approval by the members of the Company at the forthcoming Annual General Meeting.

  5. The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 9th May 2011.

  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
 
Kodaikanal
9th May 2011		 K MAHESH                                                
CHAIRMAN & MANAGING DIRECTOR         
All rights reserved © 2009 Sundaram Brake Linings Ltd