SUNDARAM-CLAYTON LIMITED |
Regd.Office: "Jayalakshmi Estates", No.29, Haddows
Road, Chennai-600 006 |
UNAUDITED FINANCIAL RESULTS (STAND ALONE) FOR THE QUARTER
ENDED 31ST MARCH 2010 |
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Rupees in
Lakhs |
Particulars |
3 months ended 31.03.2010 |
Corresponding
3 months ended in the previous year 31.03.2009 |
Year to date figures for current period
ended 31.03.2010 |
Previous accounting year ended
31.03.2009 |
Unaudited |
Unaudited |
Unaudited |
Audited |
1. |
(a) |
Net
Sales/Income from Operations |
14,010.56 |
11,290.55 |
49,296.11 |
49,236.99 |
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(b) |
Other Operating Income |
925.54 |
695.05 |
3,050.07 |
2,807.06 |
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Total |
14,936.10 |
11,985.60 |
52,346.18 |
52,044.05 |
2. |
Expenditure |
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a. |
(Increase)/decrease in stock
in trade and work in progress |
(564.89) |
1,035.59 |
588.27 |
(395.99) |
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b. |
Consumption of raw materials |
7,319.09 |
5,771.41 |
23,287.43 |
27,205.33 |
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c. |
Purchase of traded goods |
105.65 |
193.70 |
498.11 |
865.28 |
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d. |
Employee cost |
1,668.23 |
1,367.83 |
6,857.54 |
6,024.04 |
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e. |
Depreciation |
992.50 |
904.90 |
3,777.13 |
3,105.06 |
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f. |
Other expenditure |
5,097.80 |
2,851.03 |
14,723.48 |
13,163.14 |
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g. |
Total |
14,618.38 |
12,124.46 |
49,731.96 |
49,966.86 |
3. |
Profit
from Operations before Other Income, Interest & Exceptional Items (1-2) |
317.72 |
(138.86) |
2,614.22 |
2,077.19 |
4. |
Other Income |
839.35 |
6.89 |
1,545.20 |
825.82 |
5. |
Profit before Interest & Exceptional Items (3+4) |
1,157.07 |
(131.97) |
4,159.42 |
2,903.01 |
6. |
Interest (net of receipts) |
306.45 |
616.41 |
2,070.97 |
2,207.17 |
7. |
Profit after Interest but before Exceptional Items (5-6) |
850.62 |
(748.38) |
2,088.45 |
695.84 |
8. |
Exceptional Items |
(372.00) |
- |
(702.00) |
- |
9. |
Profit (+)/Loss(-) from Ordinary Activities before tax (7+8) |
478.62 |
(748.38) |
1,386.45 |
695.84 |
10. |
Tax expense |
56.50 |
(265.98) |
156.50 |
63.18 |
11. |
Net Profit (+)/Loss(-) from Ordinary Activities after tax (9-10) |
422.12 |
(482.40) |
1,229.95 |
632.66 |
12. |
Extraordinary Item (net of tax expense) |
- |
- |
- |
- |
13. |
Net Profit (+)/Loss(-) for the period (11-12) |
422.12 |
(482.40) |
1,229.95 |
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 |
15. |
Reserve
excluding Revaluation Reserves as per balance sheet of previous accounting
year |
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|
23,011.89 |
16. |
Earnings Per Share (EPS) |
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(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. |
1.11 |
(1.27) |
3.24 |
1.67 |
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(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. |
1.11 |
(1.27) |
3.24 |
1.67 |
17. |
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Public shareholding |
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- Number of shares of Rs.5/-
each |
7,587,040 |
3,793,520 |
7,587,040 |
3,793,520 |
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- Percentage of shareholding |
20.00 |
20.00 |
20.00 |
20.00 |
18 |
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Promoters and Promoter Group
Shareholding |
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a. |
Pledged/Encumbered |
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Number of shares |
Nil |
Nil |
Nil |
Nil |
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- Percentage of shares (as a
% of total shareholding of promoter and promoter group) |
Nil |
Nil |
Nil |
Nil |
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- Percentage of shares (as a
% of total share capital of the company) |
Nil |
Nil |
Nil |
Nil |
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b. |
Non-encumbered |
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Number of shares |
30,348,128 |
15,174,064 |
30,348,128 |
15,174,064 |
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- Percentage of shares (as a
% of total shareholding of promoter and promoter group) |
100.00 |
100.00 |
100.00 |
100.00 |
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- Percentage of shares (as
a % of total share capital of the company) |
80.00 |
80.00 |
80.00 |
80.00 |
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 on 23rd April 2010 and approved by the board of directors on |
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30th April 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 - 9. No. of complaints lying
unresolved at the commencement and |
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at the end of the quarter - NIL. |
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4. |
Exceptional
Items represent expenditure incurred on new project grouped under
miscellaneous expenditure amounting to Rs.702 lakhs fully written off
during |
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the year. |
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5. |
The
amendment to AS 11 introduced by Government of India permits the difference
in foreign exchange rates relating to External Commercial Borrowings (ECB) |
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to be
added to or deducted from cost of capital assets acquired through such loans.
Exchange difference in regard to ECB other than relating to acquisition
of |
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assets
are added to or deducted from Foreign Currency Monetary Item Translation
Difference Account. This has been effected in the computation of above
results. |
6. |
The
Company 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 shareholders whose names |
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appeared
in the Register of Members and / or Depositories as members and / or as
beneficial owners as on the record date viz., 12th October 2009. In |
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pursuance of the Accounting Standard (AS-20) on
Earnings per Share (EPS), EPS for the current and prior periods have been
computed on the |
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basis of new number of shares. |
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7. |
The figures for the previous periods have been
regrouped wherever necessary to conform to the current year's classification. |
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Place :
Chennai |
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Date : 30th April 2010 |
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Managing
Director |
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