JAI CORP
LTD.
UNAUDITED STANDALONE FINANCIAL
RESULTS FOR THE
QUARTER AND HALF YEAR
ENDED 30th SEPTEMBER,
2008 |
(
Rs. In Lacs ) |
| S.No |
Particulars
|
3 months
ended 30.09.2008 |
3 months
ended 30.09.2007 |
6 months
ended 30.09.2008 |
6 months
ended 30.09.2007 |
6 months
ended 31.03.2008 |
| |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| 1 |
(a) Net Sales/Income
from Operations |
12,066
|
5,880
|
22,211
|
11,000
|
30,853
|
| |
(b) Other Operating
Income |
319
|
270
|
742
|
598
|
644
|
| 2 |
Expenditure |
|
|
|
|
|
| |
a. (Increase)/decrease
in stock in trade and
work in progress |
74
|
(393)
|
102
|
(593)
|
(391)
|
| |
b. Consumption of raw
materials |
6,112
|
3,076
|
11,159
|
5,926
|
12,906
|
| |
c. Purchase of traded
goods |
2,463
|
1,088
|
4,678
|
1,379
|
8,704
|
| |
d. Employees cost |
624
|
402
|
1,206
|
720
|
1,930
|
| |
e. Depreciation |
393
|
332
|
791
|
609
|
1,484
|
| |
f. Other Expenditure
|
1,319
|
1,416
|
2,606
|
3,035
|
5,218
|
| |
g. Total |
10,985
|
5,921
|
20,542
|
11,076
|
29,851
|
| 3 |
Profit from operations
before Other Income, Interest
& Exceptional Items (1-2)
|
1,400
|
229
|
2,411
|
522
|
1,646
|
| 4 |
Other Income |
1,035
|
1,858
|
2,613
|
5,063
|
12,304
|
| 5 |
Profit before Interest
& Exceptional Items (3+4)
|
2,435
|
2,087
|
5,024
|
5,585
|
13,950
|
| 6 |
Interest |
127
|
167
|
238
|
312
|
590
|
| 7 |
Profit after interest
but before Exceptional
Items (5-6) |
2,308
|
1,920
|
4,786
|
5,273
|
13,360
|
| 8 |
Exceptional Items |
-
|
-
|
-
|
-
|
-
|
| 9 |
Profit from ordinary
Activities before tax
(7+8) |
2,308
|
1,920
|
4,786
|
5,273
|
13,360
|
| 10 |
Tax Expenses |
|
|
|
|
|
| |
Current
Tax |
345
|
217
|
637
|
591
|
1,194
|
| |
MAT
Credit |
-
|
(124)
|
-
|
(405)
|
(736)
|
| |
Fringe
Benefit Tax |
5
|
4
|
7
|
6
|
17
|
| |
Deferred
Tax |
82
|
175
|
166
|
28
|
70
|
| |
TOTAL
|
432
|
272
|
810
|
220
|
545
|
| 11 |
Net Profit from Ordinary
Activities after tax (9-10)
|
1,876
|
1,648
|
3,976
|
5,053
|
12,815
|
| 12 |
Extraordinary Items
|
-
|
-
|
-
|
-
|
-
|
| 13 |
Net Profit for the
period (11-12) |
1,876
|
1,648
|
3,976
|
5,053
|
12,815
|
| 14 |
Paid up - Equity Share
Capital Face value of
Re. 1 each |
1,785
|
863
|
1,785
|
863
|
1,785
|
| 15 |
Reserves excluding
Revaluation Reserves as
per balance sheet of previous
accounting year |
-
|
-
|
-
|
-
|
254,121
|
| 16 |
Earning per Share (in
Rupees) (Face value of
Re. 1 each) Basic and
diluted ( Not Annualised
) |
1.05
|
0.95
|
2.23
|
2.93
|
7.34
|
| 17 |
Public Shareholding
|
|
|
|
|
|
| |
- Number of Shares
|
49,016,610
|
1,064,111
|
49,016,610
|
1,064,111
|
49,016,610
|
| |
- Percentage of share
holding |
27.46%
|
12.33%
|
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 25 th October,
2008 and were approved
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 Agreement.
- During the quarter, Oasis
Holding FZC and Searock Developers
FZC, have become subsidiaries
of the Company.
- Earnings per share for the
3 months and 6 months ended
30th September 2007 are restated
to make them comparable to
other periods as the equity
shares of the company were
subdivided from Face Value
of Rs. 10 per share to Face
Value of Re. 1 per share.
- 189 Investor complaints
were received during the quarter
and all the complaints were
resolved during the quarter.
There were no outstanding
Investor complaints as on
30th September, 2008.
- 'Figures for the corresponding
period of the previous quarter/period/year
have been reworked / regrouped
/ re-arranged wherever necessary
to be in conformity with the
current period/quarter.
Place
: Mumbai
Dated : 25th October,
2008. |
For
and on Behalf of the Board
of Directors
Gaurav Jain
Managing Director |
JAI CORP
LTD
UNAUDITED SEGMENT WISE
REVENUE, RESULTS AND CAPITAL
EMPLOYED
FOR THE QUARTER AND HALF
YEAR ENDED 30th SEPTEMBER,
2008 |
( Rs. In Lacs ) |
| Particulars |
3 months
ended 30.09.2008 |
3 months
ended 30.09.2007 |
6 months
ended 30.09.2008 |
6 months
ended 30.09.2007 |
Year ended
31.03.2008 |
| |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| 1. SEGMENT
REVENUE |
|
|
|
|
|
| Steel
|
2,571
|
3,586
|
5,029
|
6,323
|
15,163
|
| Plastic
Processing
|
8,793
|
2,411
|
15,628
|
4,080
|
15,241
|
| Spinning
|
1,467
|
451
|
2,801
|
1,525
|
2,387
|
| Total |
12,831
|
6,448
|
23,458
|
11,928
|
32,791
|
| Less: Inter Segment
Revenue |
-
|
-
|
-
|
-
|
-
|
| Less: Excise duty/Service
tax recovered on sales/Services
|
765
|
568
|
1,246
|
928
|
1,938
|
| Net Sales/Income from
Operations |
12,066
|
5,880
|
22,212
|
11,000
|
30,853
|
| 2. SEGMENT
RESULTS |
|
|
|
|
|
| ( Profit before
tax and interest ) |
|
|
|
|
|
| Steel
|
212
|
158
|
307
|
326
|
701
|
| Plastic
Processing
|
1,504
|
249
|
2,757
|
396
|
2,318
|
| Spinning
|
(92)
|
(115)
|
(157)
|
(103)
|
(262)
|
| Total |
1,624
|
292
|
2,907
|
619
|
2,757
|
| Less: Interest & Finance
Charges |
127
|
167
|
238
|
312
|
590
|
| Add:- Other unallocable
income net off unallocable
expenditure |
811
|
1,795
|
2,117
|
4,966
|
11,193
|
| Total Profit
before tax |
2,308
|
1,920
|
4,786
|
5,273
|
13,360
|
3. CAPITAL
EMPLOYED
( Segment Assets - Segment
Liabilities ) |
|
|
|
|
|
| Steel
|
2,840
|
4,817
|
2,840
|
4,817
|
2,277
|
| Plastic
Processing
|
22,256
|
19,486
|
22,256
|
19,486
|
21,278
|
| Spinning
|
2,786
|
2,314
|
2,786
|
2,314
|
2,862
|
| Total |
27,882
|
26,617
|
27,882
|
26,617
|
26,417
|
| Add: Unallocable Corporate
Assets less |
232,223
|
12,319
|
232,223
|
12,319
|
229,640
|
| Corporate Liabilities
|
|
|
|
|
|
| Total Capital
Employed |
260,105
|
38,936
|
260,105
|
38,936
|
256,057
|
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, Jumbo
Bags, 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".
Place
: Mumbai
Dated : 25th October 2008 |
For
and on Behalf of the Board
Gaurav Jain
Managing Director |
|
