SUNDARAM-CLAYTON LIMITED |
Regd.Office: "Jayalakshmi Estates", No.29, Haddows
Road, Chennai-600 006 |
UNAUDITED FINANCIAL RESULTS (STAND ALONE) FOR THE QUARTER
ENDED 31ST DECEMBER 2009 |
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|
|
|
Rupees
in Lakhs |
Particulars |
3 months ended 31.12.2009 |
Corresponding 3 months ended in the previous year 31.12.2008 |
Year to date figures for
current period ended 31.12.2009 |
Year to date figures for
previous period ended 31.12.2008 |
Previous accounting year
ended 31.03.2009 |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
1. |
(a) |
Net Sales/Income from Operations |
14,236.37 |
10,836.99 |
35,285.55 |
37,757.21 |
49,236.99 |
|
(b) |
Other
Operating Income |
1,025.35 |
840.40 |
2,124.53 |
2,366.93 |
2,807.06 |
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Total |
15,261.72 |
11,677.39 |
37,410.08 |
40,124.14 |
52,044.05 |
2. |
Expenditure |
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|
|
|
|
|
|
a. |
(Increase)/decrease
in stock in trade and work in process |
351.95 |
(620.74) |
1,153.16 |
(1,018.09) |
(395.99) |
|
b. |
Consumption
of raw materials |
6,966.05 |
6,224.21 |
15,968.34 |
21,105.46 |
27,205.33 |
|
c. |
Purchase of
traded goods |
79.66 |
226.35 |
392.46 |
645.57 |
865.28 |
|
d. |
Employees
cost |
1,889.64 |
1,615.28 |
5,189.31 |
4,750.97 |
6,024.04 |
|
e. |
Depreciation |
980.06 |
757.01 |
2,784.63 |
2,234.71 |
3,105.06 |
|
f. |
Other
expenditure |
4,029.14 |
3,298.12 |
9,955.68 |
10,211.63 |
13,163.14 |
|
g. |
Total |
14,296.50 |
11,500.23 |
35,443.58 |
37,930.25 |
49,966.86 |
3. |
|
Profit
from Operations before Other Income, Interest & Exceptional Items (1-2) |
965.22 |
177.16 |
1,966.50 |
2,193.89 |
2,077.19 |
4. |
|
Other Income |
126.73 |
12.49 |
705.85 |
823.37 |
825.82 |
5. |
|
Profit before Interest & Exceptional Items (3+4) |
1,091.95 |
189.65 |
2,672.35 |
3,017.26 |
2,903.01 |
6. |
|
Interest (net of receipts) |
528.87 |
621.50 |
1,764.52 |
1,614.32 |
2,207.17 |
7. |
|
Profit after Interest but before Exceptional Items (5-6) |
563.08 |
(431.85) |
907.83 |
1,402.94 |
695.84 |
8. |
|
Exceptional Items |
- |
- |
- |
- |
- |
9. |
|
Profit (+)/Loss(-) from Ordinary Activities before tax (7+8) |
563.08 |
(431.85) |
907.83 |
1,402.94 |
695.84 |
10. |
|
Tax expense |
43.67 |
(147.21) |
100.00 |
378.18 |
63.18 |
11. |
|
Net Profit (+)/Loss(-) from Ordinary Activities after tax (9-10) |
519.41 |
(284.64) |
807.83 |
1,024.76 |
632.66 |
12. |
|
Extraordinary Item (net of tax expense Rs. ) |
- |
- |
- |
- |
- |
13. |
|
Net Profit (+)/Loss(-) for the period (11-12) |
519.41 |
(284.64) |
807.83 |
1,024.76 |
632.66 |
14. |
|
Paid up equity share capital (Face Value of the Share is Rs.5/-
each) |
1,896.76 |
948.38 |
1,896.76 |
948.38 |
948.38 |
15. |
|
Reserve excluding Revaluation Reserves as per balance sheet of
previous accounting year |
|
|
|
|
23,011.89 |
16. |
|
Earnings Per Share (EPS) |
|
|
|
|
|
|
(a) |
Basic and
diluted EPS before Extraordinary items for the period, for the year to date
and for the previous year (not to be annualised) Rs. |
1.37 |
(0.75) |
2.13 |
2.70 |
1.67 |
|
(b) |
Basic and
diluted EPS after Extraordinary items for the period, for the year to date
and for the previous year (not to be annualised) Rs. |
1.37 |
(0.75) |
2.13 |
2.70 |
1.67 |
17. |
|
Public
shareholding |
|
|
|
|
|
|
|
- Number of
shares of Rs 5 each |
7,587,040 |
3,793,520 |
7,587,040 |
3,793,520 |
3,793,520 |
|
|
-
Percentage of shareholding |
20.00 |
20.00 |
20.00 |
20.00 |
20.00 |
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 total shareholding of promoter and promoter
group) |
Nil |
Nil |
Nil |
Nil |
Nil |
|
|
-
Percentage of shares (as a % of total share capital of the company) |
Nil |
Nil |
Nil |
Nil |
Nil |
|
b. |
Non-encumbered |
|
|
|
|
|
|
|
Number of
shares |
30,348,128 |
15,174,064 |
30,348,128 |
15,174,064 |
15,174,064 |
|
|
-
Percentage of shares (as a % of total shareholding of promoter and promoter
group) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
|
|
-
Percentage of shares (as a % of total share capital of the company) |
80.00 |
80.00 |
80.00 |
80.00 |
80.00 |
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Notes: |
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1. |
The Company operates in only one segment,
namely Automotive Components. |
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2. |
The above unaudited financial results were
reviewed and recommended by the audit committee and approved by the board of
directors on |
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25th January 2010 and a limited review of the
same has been carried out by the statutory auditors of the company. |
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3. |
Status of investor complaints: No. of
complaints received and disposed during the quarter - 5. No. of complaints lying unresolved at the |
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commencement and at the end of the quarter -
NIL. |
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4. |
The Committee of Directors on 14th October 2009
allotted 1,89,67,584 equity shares of Rs.5 each as bonus shares in the ratio
of 1:1 to the |
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shareholders
whose name appeared in the Register of Members and / or Depositories as
members and / or as beneficial owners as on the record date viz., |
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12th October 2009. In pursuance of the
Accounting Standard (AS-20) on Earnings per Share (EPS), EPS for the current
and prior periods have been |
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computed on the basis of new number of shares. |
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5. |
The
directors have declared an interim dividend of Re.0.50 per share on the
doubled paid up share capital ( equivalent to Re. 1 per share on the
pre-bonus |
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paid up share capital) absorbing a sum of Rs.
189.68 lakhs for the year ending 31st March 2010 and the same will be paid to
the shareholders who |
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holds shares in physical form and / or in
electronic form and whose name appear in the Register of Members and / or
Depositories respectively, as |
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at the close of working hours on 1st February
2010 (Record Date). |
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6. |
The amendment to AS 11 introduced by Government
of India permits the difference in foreign exchange rates relating to
External Commercial |
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Borrowings (ECB) to be added to or deducted
from cost of capital assets acquired through such loans. This has been
effected in the computation of |
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above
results. Exchange difference in regard to ECB other than relating to
acquisition of capital assets are added to or deducted from Foreign Currency |
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Monetary Item Translation Difference Account.
Because of this treatment the figures for the corresponding third quarter of
previous year are not |
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strictly comparable. |
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7. |
The
board has today approved an investment not exceeding Rs.2.25 crores for
acquiring upto 19.5% of the equity share capital of Die Tech India Private |
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Limited, Chennai, a captive supplier of moulds
and dies to the Company. |
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Chennai |
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Signed |
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25th January
2010 |
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Director |
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