Unaudited Financial Results (Provisional) for the Nine Months Ended 31st December, 2009

 
      [Rs. In Millons]
Sl. No. Particulars NINE MONTHS ENDED Previous Accounting Year Ended (Audited)
    31.12.2009 31.12.2008 31.03.2009
         
1 (a) Net Sales / Income from Operations 889.36   1834.43   2524.84  
  (b) Other Operating Income 3.03   1.73   5.81  
   Total (a+b)  892.39   1836.16   2530.65  
2 Total Expenditure            

 

 A) (Increase) / Decrease in Stock in Trade & WIP 82.28   (86.16)   (94.62)  
B) Consumption of Raw Materials 194.93   713.33   979.04  
C) Purchase of Traded Goods -   -   -  
D) Employees Cost 119   164.04   211.57  
E) Depreciation 202.87   189.60   257.72  
  F) Other Expenditure 130.67   297.52   386.09  
  G) Total 729.74   1278.32   1739.80  
3 Profit from Operations before Other Income, 162.65   557.83   790.85  
  Interest & Exceptional Items (1-2)            
4 Other Income 25.34   4.57   6.77  
5 Profit before Interest but before Exceptional Items (3+4) 187.99   562.40   797.63  
6 Interest 18.22   72.61   86.25  
7 Profit after Interest but before Exceptional Items (5-6) 169.77   489.79   711.68  
8 Exceptional Items - Exchange Loss on account of redemption of FCCB -   23.31   23.31  
9 Profit from Ordinary Activities before Tax (7+8) 169.77   466.49   688.07  
10 Tax Expenses 59.44   165.11   247.46  
11 Net Profit from Ordinary Activities after Tax (9-10) 110.34   301.38   440.61  
12 Extra Ordinary Items (net of tax expense) -   -   -  
13 Net Profit for the Period (11-12) 110.34   301.38   440.61  
14 Paid-up Equity Share Capital (Face Value of Re. 1 each) 81.72   81.72   81.72  
15 Reserves Excluding Revaluation Reserves as per Balance Sheet of previous accounting year         1941.15  
16 Earnings Per Share (EPS) - Rs.            
  a) Basic EPS before Extra ordinary items for the period, for the year to date and for the previous year (not annualized) 1.35   3.69  

5.39

  
  b) Diluted EPS before Extra Ordinary items for the period, for the year to date and for the previous year (not annualized) 1.35   3.69  

5.39

  
  c) Basic EPS after Extra Ordinary items for the period, for the year to date and for the previous year (not annualized) 1.35   3.69  

5.39

  
  d) Diluted EPS after Extra Ordinary items for the period, for the year to date and for the previous year (not annualized) 1.35   3.69  

5.39

 
17 Public Share Holding        

 

  
  - Number of Shares 45192562   45192562  

45192562

  
  - Percentage of Shareholding 55.30%   55.30%  

55.30%

  
18 Promoters and Promoter group Shareholding            
  a) Pledged / Encumbered            
      - Number of Shares NIL   NIL   NIL  
      - Percentage of Shares (as a % of the total shareholding of promoter and promoter group) NIL   NIL   NIL  
      - Percentage of Shares (as a % of the total share capital of the company) NIL   NIL   NIL  
  b) Non-Encumbered            
     - Number of Shares 36523291   36523291   36523291  
     - Percentage of Shares (as a % of the total share holding of promoter and promoter group) 100%   100%   100%  
     - Percentage of Shares (as a % of the total share capital of the company) 44.70%   44.70%   44.70%  
               
 
1 The above Unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their Board Meeting held on 25th January 2010.
2 The Company's Main Business is manufacture of Gears and Gear Products. There are no separate reportable segments as per Accounting Standard 17 (AS17).

3

 The Company had no investor complaints pending as on 30th September, 2009. Five Complaints received during the Quarter was resolved during the Quarter.
4 The Statutory Auditors of the Company have carried out a Limited Review of Unaudited Financial Results for the Quarter Ended 31st December, 2009.
5 Other Income includes Exchange gain of Rs. 218.96 lacs determined as per the Accounting Standard 11 (AS11) issued by the Institute of Chartered Accountants of India.
6 The Measures taken by the Company to revamp, restructure the entire operational and organisational structure and scaling down of plant operations has resulted in decrease in turnover.
   
Coimbatore - 641 005 By Order of the Board
25.01.2010 P. SUBRAMANIAN
 

Chairman & Managing Director

 

Send comments to webmaster
© Copyright 2000 - 2001 Shanthi Gears, All rights reserved.