| 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 | ||||||
| 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 |
| (b) | Other Operating Income | 925.54 | 695.05 | 3,050.07 | 2,807.06 | |
| Total | 14,936.10 | 11,985.60 | 52,346.18 | 52,044.05 | ||
| 2. | Expenditure | |||||
| a. | (Increase)/decrease in stock in trade and work in progress | (564.89) | 1,035.59 | 588.27 | (395.99) | |
| b. | Consumption of raw materials | 7,319.09 | 5,771.41 | 23,287.43 | 27,205.33 | |
| c. | Purchase of traded goods | 105.65 | 193.70 | 498.11 | 865.28 | |
| d. | Employee cost | 1,668.23 | 1,367.83 | 6,857.54 | 6,024.04 | |
| e. | Depreciation | 992.50 | 904.90 | 3,777.13 | 3,105.06 | |
| f. | Other expenditure | 5,097.80 | 2,851.03 | 14,723.48 | 13,163.14 | |
| 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 | 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. | 1.11 | (1.27) | 3.24 | 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. | 1.11 | (1.27) | 3.24 | 1.67 | |
| 17. | Public shareholding | |||||
| - Number of shares of Rs.5/- each | 7,587,040 | 3,793,520 | 7,587,040 | 3,793,520 | ||
| - Percentage of shareholding | 20.00 | 20.00 | 20.00 | 20.00 | ||
| 18 | Promoters and Promoter Group Shareholding | |||||
| a. | Pledged/Encumbered | |||||
| Number of shares | Nil | Nil | Nil | Nil | ||
| - Percentage of shares (as a % of total shareholding of promoter and promoter group) | Nil | Nil | Nil | Nil | ||
| - Percentage of shares (as a % of total share capital of the company) | Nil | Nil | Nil | Nil | ||
| b. | Non-encumbered | |||||
| Number of shares | 30,348,128 | 15,174,064 | 30,348,128 | 15,174,064 | ||
| - Percentage of shares (as a % of total shareholding of promoter and promoter group) | 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 | ||
| Notes: | ||||||
| 1. | The Company operates in only one segment, namely Automotive Components. | |||||
| 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 | |||||
| 30th April 2010 and a limited review of the same has been carried out by the statutory auditors of the Company. | ||||||
| 3. | Status of investor complaints: No. of complaints received and disposed during the quarter - 9. No. of complaints lying unresolved at the commencement and | |||||
| at the end of the quarter - NIL. | ||||||
| 4. | Exceptional Items represent expenditure incurred on new project grouped under miscellaneous expenditure amounting to Rs.702 lakhs fully written off during | |||||
| the year. | ||||||
| 5. | The amendment to AS 11 introduced by Government of India permits the difference in foreign exchange rates relating to External Commercial Borrowings (ECB) | |||||
| 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 | ||||||
| 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 | |||||
| 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 | ||||||
| pursuance of the Accounting Standard (AS-20) on Earnings per Share (EPS), EPS for the current and prior periods have been computed on the | ||||||
| basis of new number of shares. | ||||||
| 7. | The figures for the previous periods have been regrouped wherever necessary to conform to the current year's classification. | |||||
| Place : Chennai | ||||||
| Date : 30th April 2010 | Managing Director | |||||