Quarterly Results
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Jai Corp Limited
AUDITED FINANCIAL RESULTS
FOR THE YEAR ENDED 30th June, 2010
(Rs. In Lacs)

  Particulars Quarter Ended Quarter Ended Year Ended
  Unaudited Unaudited Audited
  30.6.2010 30.06.2009 31.03.2010
1 a) Net Sales/Income from Operations 10,973 10,509 40,961
  b) Other Operating Income 132 280 740
  Total Income 11,105 10,789 41,701
  EXPENDITURE      
  a) (Increase)/decrease in Stock in trade and work in process (448) 641 128
  b) Consumption of Raw Materials 7,470 7,152 27,422
  c) Purchase of Traded Goods 6 - 19
  d) Employees Cost 841 612 2,952
  e) Depreciation 430 380 1,628
  g) Other Expenditure 1,556 1,151 5,270
  Total 9,855 9,938 37,419
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1,250 851 4,282
4 Other Income 1,942 511 3,888
5 Profit before Interest & Exceptional Item (3+4) 3,192 1,362 8,170
6 Interest 62 69 254
7 Profit after interest but before Exceptional Items (5-6) 3,130 1,293 7,916
8 Exceptional Items - - -
9 Profit from Ordinary Activities before tax (7+8) 3,130 1,293 7,916
10 Tax Expenses      
  Current Tax 507 352 1,563
  Deferred Tax (46) 28 235
  Provision/(write back) of Income Tax of earlier year - - 11
  Total 461 380 1,809
11 Net profit from Ordinary Activities Profit after tax (9-10) 2,669 913 6,107
12 Extraordinary Items -    
13 Net Profit for the period (11-12) 2,669    
14 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785 1,785
15 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year - - 262,482
16 Earning per Shares (in Rupees) (Face value of Re 1/- each) (Basic & Diluted) (*Not annualised) 1.50* 0.51* 3.42
17 Public Shareholding      
  - Number of Shares 48,211,610 48,211,610 48,211,610
  - Percentage of Shareholding 27.01% 27.01% 27.01%
18 Promoters and promoter group Shareholding      
  a) Pledged/Encumbered      
  - Number of shares - - -
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) - - -
  - Percentage of shares (as a % of total share capital of the company) - - -
  b) Non-Encumbered      
  - Number of shares 130,282,400 130,282,400 130,282,400
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100%
  - Percentage of shares (as a % of total share capital of the company) 72.99% 72.99% 72.99%

Notes:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 10th August, 2010 and approved the same for release.

  2. 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 the Companies (Accounting Standards) Rules, 2006.

  3. The Statutory Auditors of the Company have carried out a Limited Review of the above results in terms of Clause 41 of the Listing Agreement.

  4. There were no investor complaints pending as on 1st April, 2010, 61 complaints were received from investors during the quarter, 59 complaints were resolved during the quarter and 2 investor complaints were pending as on 30th June, 2010.

  5. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.

Date :- 10th August, 2010
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director

 

  DESCRIPTION Quarter Ended Quarter Ended Year Ended
  Unaudited Unaudited Audited
  30.6.2010 30.06.2009 31.03.2010
1 SEGMENT REVENUE      
  Steel 1,390 3,873 5,722
  Plastic Processing 8,289 6,102 30,708
  Spinning 1,972 1,195 6,710
  Total Segment Revenue 11,651 11,170 43,140
  Less: Inter Segment Revenue 8 12 42
  Less: Excise duty/Service tax recovered 670 649 2,137
  Total Revenue 10,973 10,509 40,961
2 SEGMENT RESULTS      
  Steel 100 282 578
  Plastic Processing 1,125 798 4,132
  Spinning 173 (120) 167
  Total Segment Results 1,398 960 4,877
  Less: Interest & Finance Charges 62 69 254
  Add:- Other unallocable income net of unallocable expenditure 1,794 402 3,293
  Total Profit before tax 3,130 1,293 7,916
3 CAPITAL EMPLOYED      
  Steel 792 6,179 2,004
  Plastic Processing 23,901 21,985 24,515
  Spinning 3,442 2,728 3330
  Total Segment Capital Employed 28,135 30,892 29,849
  Add: Unallocable Corporate Assets less corporate Liabilities 2,38,950 2,28,615 2,34,568
  Total Capital Employed 2,67,085 2,59,507 2,64,417

Notes :

1. As per Accounting Standard (AS)-17 on "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, processing and trading operation of CR Coils/Sheets, GP/GC Coils/Sheets, HR Coils/Plates, Melting Scrap, Iron Spong and Structural Steel.

b. The Plastic Processing Segment includes production of Woven Sacks/Fabric, Jumbo Bags, HDPE Twine, Master Batch, Staple Fibres and Geotextiles.

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".

e. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.


Date :- 10th Aug, 2010
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director