UN AUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30.06.2011

 

Unaudited Financial Results for the Quarter Ended 30th June,2011 (Standalone)
(Rs.in Lakhs)
No.
Particulars
Unaudited
Audited
Quarter Ended
Year Ended
30.06.2011
30.06.2010
31.03.2011
Audited
1 (a)Net Sales/Income from Operations
8945
7117
32723
(b)Other Operating Income
356
428
1671
Total Income (a+b)
9301
7545
34394
2 Expenditure
 
 
 
(a) Increase/Decrease in stock in Trade and work in Progress
-1115
375
-649
(b) Consumption of Raw Materials
5391
3216
16411
(c) Purchase of traded Goods
1010
641
4042
(d) Employee cost
426
353
1708
(e) Power & Fuel
809
624
2733
(f) Stores & Chemicals
1197
1096
4666
(g) Depreciation
336
337
1293
(h) Other Expenditure
472
459
1873
(i) Total Expenditure
8526
7101
32077
3 Profit from Operations before Other Income,Interest & Exceptional Items (1-2)
775
444
2317
4 Other Income
4
0
111
5 Profit before Interest & Exceptional Items (3+4)
779
444
2428
6 Interest & Finance Cost (Net)
437
404
1630
7 Loss/Gain on variation in Foreign exchange rates(Net)
-2
0
4
8 Profit after Interest but before Exceptional Items (5-6-7)
344
40
794
9 Exceptional Items
0
0
0
10 Profit From Ordinary Activities before Tax (8+9)
344
40
794
11 Tax Expenses
Provision for taxation - Current Tax
69
8
137
Deferred Tax
112
12
222
  MAT Credit Entitlement
-69
-8
-133
Prior Year Taxes
0
0
5
12 Net Profit/Loss from Ordinary Activities after tax (10-11)
232
28
563
13 Extraordinary Items(Nett)
0
0
113
14 Net Profit/Loss for the Period (12-13)
232
28
450
15 Paid-up Equity Shares Capital(Face Value of Rs.10/-each)
2567
2567
2567
16 Reserves (excluding revaluation reserves)
-
-
2152
17 Earnings Per Share(EPS) - Basic & Diluted (Before Extraordinary Items)
0.90
0.11
2.19
Earnings Per Share(EPS) - Basic & Diluted (After Extraordinary Items)
0.90
0.11
1.75
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 12th August 2011.
2. The Auditors of the Company have carried out a Limited Review of the aforesaid financial results for the quarter ended 30th June, 2011 in term of Clause 41 of the Listing Agreement with Stock Exchange.
3. The Company has only one business segment (i.e.) Textiles Business. Hence, segment wise reporting is not applicable.
4. Figures of the previous year / quarter ended have been regrouped / re arranged wherever necessary.
5. Information on Investor Complaints pursuant to clause 41 of the listing agreement for the Quarter ended 30th June, 2011 - Opening Balance - Nil, Additions - 3, Disposals - 3, Closing Balance - Nil.

Coimbatore
Dated 12th August, 2011

  By Order Of the Board

  
  B Sriramulu
  Managing Director