Quarterly Results
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Jai Corp Limited
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH JUNE, 2011
(Rs. In Lacs, Except Per Share Date)

  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 13,483 10,973 48,322
  b) Other Operating Income 124 132 260
  Total Income 13,607 11,105 48,582
2 EXPENDITURE      
  a) (Increase)/decrease in Stock in trade and work in process (342) (448) (1,788)
  b) Consumption of Raw Materials 9,173 7,470 31,180
  c) Purchase of Traded Goods 1 6 2,364
  d) Employees Cost 1,132 841 3,960
  e) Depreciation 431 430 1,690
  f) Other Expenditure 1,688 1,556 6,659
  Total 12,083 9,855 44,065
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1,524 1,250 4,517
4 Other Income 2,183 1,942 7,332
5 Profit before Interest & Exceptional Item (3+4) 3,707 3,192 11,849
6 Interest 28 62 180
7 Profit after interest but before Exceptional Items (5-6) 3,679 3,130 11,669
8 Exceptional Items - - -
9 Profit from Ordinary Activities before tax (7+8) 3,679 3,130 11,669
10 Tax Expenses      
  Current Tax 990 507 2,492
  Deferred Tax 23 (46) (37)
  Total 1,013 461 2,455
11 Net profit from Ordinary Activities Profit after tax (9-10) 2,666 2,669 9,214
12 Extraordinary Items - - -
13 Net Profit for the period (11-12) 2,666 2,669 9,214
14 Paid-up Equity Share Capital face value of 1/- each 1,785 1,785 1,785
15 Reserves excluding Revaluation Reserves as per Balance sheet of Previous Accounting Year - - 271,448
16 Earning per Shares (in ) (Face value of 1/- each) (Basic & Diluted) (*Not annualised) 1.49* 1.50* 5.18
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) - - -
  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 3rd

  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. Persuant to their respective application under the "Easy Exit Scheme 2011" the names of Awas Realtors Limited and Dev Realty and Developers Limited, subsidiaries of the company have been struck off the Register of Companies and they stand dissolved.

  5. 2 investor complaints were pending as on 1st April , 2011, 46 complaints were received from investors during the quarter, 44 complaints were resolved during the quarter and 4 investor complaints were pending as on 30th June, 2011.

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

Date :- 3rd August, 2011
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 573 1,390 5,603
Plastic Processing 11,397 8,289 37,663
Spinning 2,258 1,972 8,077
Total Segment Revenue 14,228 11,651 51,343
Less: Inter Segment Revenue 6 8 34
Less: Excise duty recovered 739 670 2,987
Total Revenue 13,483 10,973 48,322
2 SEGMENT RESULTS
Steel 12 100 (39)
Plastic Processing 1,513 1,125 4,572
Spinning 210 173 749
Total Segment Results 1,735 1,398 5,282
Less: Interest & Finance Charges 28 62 180
Add:- Other unallocable income net of 1,972 1,794 6,567
unallocable expenditure
Total Profit before tax 3,679 3,130 11,669
3 CAPITAL EMPLOYED
Steel 652 792 491
Plastic Processing 26,344 23,901 26,994
Spinning 5,815 3,442 5,620
Total Segment Capital Employed 32,811 28,135 33,105
Add: Unallocable Corporate Assets less 243,239 238,950 240,278
corporate Liabilities
Total Capital Employed 276,050 267,085 273,383

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 of CR Coils/Sheets, GP/GC Coils/Sheets and HR Coils / Plates.

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 :- 3rd August, 2011
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director