Quarterly Results
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Jai Corp Limited
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER ENDED 30TH SEPTEMBER, 2011
(Rs. In Lacs, Except as stated)

  Particulars Standalone
  Unaudited Unaudited Audited
  Quarter Ended Six Month Ended Year Ended
  30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011
1 a) Net Sales/Income from Operations 14,957 10,985 28,440 21,958 48,322
   b) Other Operating Income 364 25 488 157 260
   Total Income 15,321 11,010 28,928 22,115 48,582
2 EXPENDITURE           
   a) (Increase)/decrease in Stock in trade and work in process 229 (360) (114) (808) (1,788)
   b) Consumption of Raw Materials 10,093 7,371 19,266 14,841 31,180
   c) Purchase of Traded Goods 8 7 9 13 2,364
   d) Employees Cost 1,284 983 2,416 1,824 3,960
   e) Depreciation 437 417 868 847 1,690
   f) Other Expenditure 2,087 1,528 3,775 3,084 6,659
   Total 14,138 9,946 26,220 19,801 44,065
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1,183 1,064 2,708 2,314 4,517
4 Other Income 2,807 2,159 4,990 4,101 7,332
5 Profit before Interest & Exceptional Item (3+4) 3,990 3,223 7,698 6,415 11,849
6 Interest 31 39 59 101 180
7 Profit after interest but before Exceptional Items (5-6) 3,959 3,184 7,639 6,314 11,669
8 Exceptional Items - - - - -
9 Profit from Ordinary Activities before tax (7+8) 3,959 3,184 7,639 6,314 11,669
10 Tax Expenses           
   Current Tax 910 622 1,900 1,129 2,492
   Deferred Tax 84 28 107 (18) (37)
   Total 994 650 2,007 1,111 2,455
11 Net profit from Ordinary Activities Profit after tax (9-10) 2,965 2,534 5,632 5,203 9,214
12 Extraordinary Items - - - - -
13 Net Profit for the period (11-12) 2,965 2,534 5,632 5,203 9,214
14 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785 1,785 1,785 1,785
15 Reserves excluding Revaluation Reserves as per Balance sheet of Previous Accounting Year - - - - 2,71,448
16 Earning per Shares (in ) (Face value of Re.1/- each) (Basic & Diluted) (*Not annualised) 1.66 * 1.42 * 3.16 * 2.94 * 5.18
17 Public Shareholding           
   - Number of Shares 4,82,11,610 4,82,11,610 4,82,11,610 4,82,11,610 4,82,11,610
   - Percentage of Shareholding 27.01% 27.01% 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 13,02,82,400 13,02,82,400 13,02,82,400 13,02,82,400 13,02,82,400
   - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100.00% 100.00% 100%
   - Percentage of shares (as a % of total share capital of the company) 72.99% 72.99% 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 9th November, 2011 and approved the same for its 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. Pursuant to their respective application under the "Easy Exit Scheme, 2011" the names of Jai Infraprojects Limited, Rejoice Land Developers Limited, Samrat Realty and Developers Limited, Urban Gas Distribution Limited, Urban Gas Limited and Urban Gas Suppliers Limited subsidiaries of the Company have been struck off the Register of Companies and they stand dissolved.

  5. "During the quarter, Urban Communications Infrastructure Private Limited,Urban Energy Distribution Private Limited,Urban Energy Generation Private Limited,Urban Energy Transmission Private Limited,Urban Infotech Solutions Private Limited,Urban Infrastructure Construction Private Limited and Urban Water Supply Private Limited ceased to be associate companies. "

  6. 2 investor complaints were pending as on 1st July , 2011, 39 complaints were received from investors during the quarter, 40 complaints were resolved during the quarter and 1 investor complaint was pending as on 30th September, 2011.


  7. Statement of Assets and Liabilities as at 30th September, 2011.
Particulars Standalone
Unaudited Unaudited
Six Month Ended
30.09.2011 30.09.2010
Shareholders' Funds:     
(a) Share Capital 1,935 1,935
(b) Reserve and Surplus 2,77,081 2,67,721
Loan Funds 1,750 2,733
Deferred Tax Liabilities (Net) 1,938 1,850
Total 2,82,704 2,74,239
Fixed Assets ( Including CWIP) 22,584 22,411
Investments 1,87,584 1,79,233
Current Assets, Loans & Advances     
(a) Inventories 7,398 5,208
(b) Sundry Debtors 9,325 12,577
(c) Cash and Bank Balances 881 1,597
(d) Other Current Assets 1,598 1,283
(e) Loans and Advances 59,179 56,850
Less: Current Liabilities and Provisions     
(a) Liabilities 3,563 3,536
(b) Provisions 2,282 1,384
Net Current Assets 72,536 72,595
Total 2,82,704 2,74,239
Date :- 9th November, 2011
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director

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

Unaudited Segment Wise Revenue, Results and Capital for the quater and half year ended
30th September, 2011
  DESCRIPTION Standalone
  Unaudited Unaudited Audited
  Quarter Ended Six Month Ended Year Ended
  30.09.2011 30.09.2010 30.09.2011 30.09.2010 31.03.2011
1 SEGMENT REVENUE               
   Steel 653 623 1,226 2,013 5,603
   Plastic Processing 12,243 8,938 23,640 17,227 37,663
   Spinning 2,899 2,052 5,157 4,024 8,077
   Total Segment Revenue 15,795 11,613 30,023 23,264 51,343
   Less: Inter Segment Revenue 17 10 23 18 34
   Less: Excise duty recovered 821 618 1,560 1,288 2,987
   Total Revenue 14,957 10,985 28,440 21,958 48,322
2 SEGMENT RESULTS               
   Steel 3 (37) 15 63 (39)
   Plastic Processing 1,541 1,127 3,055 2,252 4,572
   Spinning (136) 203 74 376 749
   Total Segment Results 1,408 1,293 3,144 2,691 5,282
   Less: Interest & Finance Charges 31 39 59 101 180
   Add:- Other unallocable income net of 2,582 1,930 4,554 3,724 6,567
   unallocable expenditure               
   Total Profit before tax 3,959 3,184 7,639 6,314 11,669
3 CAPITAL EMPLOYED               
   Steel 1,210 234 1,210 234 491
   Plastic Processing 28,243 24,851 28,243 24,851 26,994
   Spinning 5,961 3,611 5,961 3,611 5,620
   Total Segment Capital Employed 35,414 28,696 35,414 28,696 33,105
   Add: Unallocable Corporate Assets less 2,43,602 2,40,960 2,43,602 2,40,960 2,40,278
   corporate Liabilities               
   Total Capital Employed 2,79,016 2,69,656 2,79,016 2,69,656 2,73,383

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 :- 09th November, 2011
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director