Jai Corp Ltd.
UNAUDITED STANDALONE FINANCIAL
RESULTS FOR THE
QUARTER ENDED 30th JUNE, 2008 |
(Rs.
In Lacs Except Per Share
Data) |
| S.No |
Particulars
|
Quarter Ended
30.06.2008 |
Corresponding
Quarter Ended 30.06.2007 |
Previous Accounting
Year Ended 31.03.2008 |
| |
|
Unaudited |
Unaudited |
Audited |
| 1 |
Turnover
|
10,626 |
5,480
|
32,791 |
| |
Less: Excise duty/Service
tax recovered |
481 |
360 |
1,938 |
| |
Net Turnover |
10,145
|
5,120 |
30,853 |
| 2 |
Other Income |
2,001
|
3,627 |
12,948 |
| 3 |
Total Income |
12,146 |
8,747 |
43,801 |
| 4 |
EXPENDITURE |
|
|
|
| |
a) (Increase)/decrease in
Stock in trade and work in
process |
28 |
(200) |
(391) |
| |
b) Consumption of Raw Materials |
5,047 |
2,851 |
12,906 |
| |
c) Purchase of Traded Goods |
2,215 |
291 |
8,704 |
| |
d) Employees' Cost |
582 |
318 |
1,930 |
| |
e) Depreciation |
398 |
277 |
1,484 |
| |
f) Other Expenditure |
1,287 |
1,713 |
5,218 |
| |
Total Expenditure |
9,557 |
5,250 |
29,851 |
| 5 |
'Interest & Finance
Charges |
111 |
145 |
590 |
| 6 |
Exceptional Item |
- |
- |
- |
| 7 |
Profit from ordinary Activities
before tax |
2,478 |
3,352 |
13,360 |
| 8 |
Provision for Taxation |
|
|
|
| |
Current Tax |
292 |
374 |
1,194 |
| |
MAT Credit |
- |
(281) |
(736) |
| |
Fringe Benefit Tax |
2 |
2 |
17 |
| |
Deferred Tax |
84 |
(147) |
70 |
| 9 |
Net Profit from
ordinary activities after
tax |
2,100 |
3,404 |
12,815 |
| 10 |
Extra Ordinary Items (Net
of Tax Expenses Rs. Nil) |
- |
- |
- |
| 11 |
Net Profit for the
period |
2,100 |
3,404 |
12,815 |
| 12 |
Paid-up Equity Share Capital
of Re.1/-each(Previous Period
Rs.10/- each) |
1,785 |
863 |
1,785 |
| 13 |
Reserves excluding Revaluation
Reserves as per Balance sheet
of Previous Accounting Year |
- |
- |
2,54,121 |
| 14 |
Earning per Share (Face
Value of Re 1/- each) (Basic
& Diluted) (*Not annualised) |
1.18* |
1.97* |
7.34 |
| 15 |
Public Shareholding |
|
|
|
| |
Number of Shares |
4,90,16,610 |
10,64,111 |
4,90,16,610 |
| |
Percentage of Shareholding |
27.46% |
12.33% |
27.46% |
Notes:-
-
The above results were reviewed
by the Audit Committee, taken
on record by the Board at its
meeting held on 31st July, 2008
and approved the same for release.
- The Financial results are in accordance
with the recognition and measurement
principles laid down in Accounting
Standard (AS) 25- "Interim
Financial Reporting" as notified
in Companies (Accounting Standards)
Rules, 2006.
- The Statutory Auditors of the
Company have carried out a limited
review of the above results in terms
of Clause 41 of the Listing Agreements.
- During the quarter, Welldone Real
Estate Pvt.Ltd., Multifaced Impex
Pvt. Ltd. & Belle Terre Realty
Ltd. Mauritius,have become subsidiaries
of the Company.
- 'Figures for the corresponding
period of the previous quarter/year
have been reworked / regrouped /
re-arranged wherever necessary to
be in line with the current period.
- 289 Investor complaints were received
during the quarter and all the complaints
were resolved during the quarter.
There were no outstanding Investor
complaints as on 30 th June, 2008.
Place : Mumbai
Dated : 31st July, 2008. |
For and on
Behalf of the Board
Gaurav Jain
Managing Director |
JAI CORP LTD
SEGMENT WISE REVENUE, RESULTS
AND CAPITAL EMPLOYED
FOR THE QUARTER ENDED 30th JUNE,
2008 |
( Rs. In Lacs ) |
| S.No |
Describtion |
Quarter Ended
30.06.2008 |
Corresponding
Quarter Ended 30.06.2007 |
Previous Accounting
Year Ended 31.03.2008 |
| |
|
Unaudited |
Unaudited |
Audited |
| 1 |
SEGMENT REVENUE
|
|
|
|
| |
Steel |
2,457 |
2,737 |
15,163 |
| |
Plastic Processing |
6,835 |
1,669 |
15,241 |
| |
Spinning |
1,334 |
1,074 |
2,387 |
| |
Total Segment Revenue |
10,626 |
5,480 |
32,791 |
| |
Less: Inter Segment Revenue |
- |
- |
- |
| |
Less: Excise duty recovered
on sales |
481 |
360 |
1,938 |
| |
Total Revenue |
10,145 |
5,120 |
30,853 |
| 2 |
SEGMENT RESULTS |
|
|
|
| |
Steel |
95 |
168 |
701
|
| |
Plastic Processing |
1,253 |
147 |
2,318 |
| |
Spinning |
(65) |
12 |
(262) |
| |
Total Segment Results |
1,283 |
327
|
2,757 |
| |
Less: Interest & Finance
Charges |
111 |
145 |
590 |
| |
Less:- Other unallocable
Expenditure net off |
271 |
129 |
597 |
| |
Add:- Other unallocable Income |
1,577 |
3,299
|
11,790 |
| |
Total Profit before
tax |
2,478 |
3,352 |
13,360 |
| 3 |
CAPITAL EMPLOYED |
|
|
|
| |
Steel |
1,739 |
4,418 |
2,277 |
| |
Plastic Processing |
23,452 |
6,664 |
21,278 |
| |
Spinning |
2,666 |
2,376 |
2,862 |
| |
Total Segment Capital Employed |
27,857 |
13,458 |
26,417 |
| |
Add: Unallocable Corporate
Assets less |
2,30,371 |
23,830 |
2,29,640
|
| |
Corporate Liabilities |
|
|
|
| |
Total Capital Employed |
2,58,228
|
37,288 |
2,56,057 |
NOTES:-
As per Accounting Standard (AS)-17
"Segment Reporting", as
notified in Companies (Accounting
Standards) Rules,2006 the Company
has reported "Segment Information"
, as described below:-
a) The Steel Segment
includes production and marketing
operation of CR Coils/Sheets, GP/GC
Coils/Sheets, HR Coils/Plates, Melting
Scrap, Iron Sponge and Structural
Steel.
b) The Plastic Processing
Segment includes production of Woven
Sacks/Fabric, Master Batch and Staple
Fibres.
c) The Spinning Segment
includes production of Spun Yarn.
d) Capital Employed on other Investments/Assets
and Income from the same are considered
under "Un-allocable".
Place : Mumbai
Dated : 31st July, 2008. |
For and on
Behalf of the Board
Gaurav Jain
Managing Director |
|
