UN AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2010

 

Unaudited Financial Results for the Quarter Ended 30th June,2010 (Standalone)
(Rs.in Lakhs)
No.
Particulars
Unaudited
Audited
Quarter Ended
Year Ended
30.06.2010
30.06.2009
31.03.2010
Audited
1 (a)Net Sales/Income from Operations
7117
6610
25851
(b)Other Operating Income
428
84
1105
Total Income (a+b)
7545
6694
26956
2 Expenditure
 
 
 
(a) Increase/Decrease in stock in Trade and work in Progress
381
528
557
(b) Consumption of Raw Materials
3851
3398
14356
(c) Purchase of traded Goods
0
0
0
(d) Employee cost
353
322
1341
(e) Power & Fuel
624
546
2068
(f) Stores & Chemicals
1096
886
3834
(g) Depreciation
337
327
1290
(h) Other Expenditure
459
420
1801
(i) Total Expenditure
7101
6427
25247
3 Profit from Operations before Other Income,Interest & Exceptional Items (1-2)
444
267
1709
4 Other Income
0
1
135
5 Profit before Interest & Exceptional Items (3+4)
444
268
1844
6 Interest & Finance Cost (Net)
404
445
1633
7 Loss/Gain on variation in Foreign exchange rates(Net)
0
122
101
8 Profit after Interest but before Exceptional Items (5-6-7)
40
-299
110
9 Exceptional Items
10 Profit From Ordinary Activities before Tax (8+9)
40
-299
110
11 Tax Expenses
Provision for taxation - Current Tax
8
0
14
Fringe Benefit Tax
0
0
0
Deferred Tax
12
-101
-25
  MAT Credit Entitlement
-8
0
-14
Prior Year Taxes
0
0
102
12 Net Profit/Loss from Ordinary Activities after tax (10-11)
28
-198
33
13 Extraordinary Items(Nett)
0
7
16
14 Net Profit/Loss for the Period (12-13)
28
-205
17
15 Paid-up Equity Shares Capital(Face Value of Rs.10/-each)
2567
2567
2567
16 Reserves (excluding revaluation reserves)
-
-
1702
17 Earnings Per Share(EPS) - Basic & Diluted (Before Extraordinary Items)
0.11
-0.78
0.13
Earnings Per Share(EPS) - Basic & Diluted (After Extraordinary Items)
0.11
-0.81
0.07
18 Public Shareholding
No of Shares
10988602
10988602
10988602
Percentage of Shareholding
42.83%
42.83%
42.83%
19 Promoters & Promoter Group Shareholding
(a) Pledged/Encumbered
No of Shares
2000000
2000000
2000000
Percentage of Shares(as % of the shareholding of promoter & Promoter Group)
13.64%
13.64%
13.64%
Percentage of Shares(as % of the share capital of the company)
7.80%
7.80%
7.80%
(b) Non-encumbered
No of Shares
12665303
12665303
12665303
Percentage of Shares(as % of the shareholding of promoter & Promoter Group)
86.36%
86.36%
86.36%
Percentage of Shares(as % of the share capital of the company)
49.34%
49.34%
49.34%.

 

1. The above Unaudited Financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 13th August 2010.
2. The Auditors of the Company have carried out a Limited Review of the aforesaid financial results for the quarter ended 30th June, 2010 in term of Clause 41 of the Listing Agreement with Stock Exchange.
3. Figures of the previous year / quarter ended have been regrouped / re arranged wherever necessary.
4. Information on Investor Complaints pursuant to clause 41 of the listing agreement for the Quarter ended 30th June, 2010 - Opening Balance - Nil, Additions - 3, Disposals - 3, Closing Balance - Nil.
5. The manufacture and sale of FABRICS and APPARELS in which Company is mainly engaged, considering the nature of the business, is only a single reportable segments as Textiles and hence the Board has decided for and from quarter ended 30th June, 2010 to report financials as a single segment.

Coimbatore
Dated 13th August, 2010

  By Order Of the Board

  
  KG BAALAKRISHNAN
  EXECUTIVE CHAIRMAN