Quarterly Results
Home » Financial & Investor Relations » Financial » Quarterly Results » Q3 Results
Jai Corp Ltd.
UNAUDITED STANDALONE FINANCIAL RESULTS FOR THE
QUARTER / NINE MONTHS ENEDE 31st DECEMBER, 2007
(Rs. In Lakhs, Except Per Share Data)
S.No Particulars Unaudited Year Ended
Mar31,2007
Audited
Quarter Ended Nine Months Ended
31.12.2007 31.12.2006 31.12.2007 31.12.2006
1 Turnover
Less: Excise duty/Service tax recovered on sales/Services 		9,525
450 		5,659
91 		21,300
1,378 		21,271
572 		27,089
751
2 Net Turnover 9,075 5,568 19,922 20,699 26,338
3 Other Income 3,875 5,044 9,122 5,488 7,922
4 Total Income 12,950 10,612 29,044 26,187 34,260
5 EXPENDITURE          
  a) (Increase)/decrease in Stock in trade and work in progress (161) 1,094 (754) 2,450 2,714
  b) Consumption of Raw Materials 3,095 1,854 9,021 8,611 10,636
  c) Purchase of Traded Goods 3,684 1,173 5,063 5,386 6,502
  d) Employees' Cost 596 318 1,316 889 1,210
  e) Depreciation 427 254 1,036 724 996
  f) Other Expenditure 953 864 3,421 2,556 3,867
  Total Expenditure 8,594 5,557 19,103 20,616 25,925
6 Interest & Financial Charges 158 153 470 357 506
7 Exceptional Item - - - - -
8 Profit from ordinary Activities before tax 4,198 4,902 9,471 5,214 7,829
9 Provision for Taxation          
  Current Tax 382 536 973 536 791
  MAT Credit (116) (469) (521) (469) (425)
  Fringe Benefit Tax 6 4 12 10 14
  Deferred Tax 45 53 73 49 265
10 Net Profit for the period 3,881 4,778 8,934 5,088 7,184
11 Paid-up Equity Share Capital of Re.1/- each(Previous Period / Year Rs.10/- each) 1,785 863 1,785 863 863
12 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year - - - - 33,021
13 Earning per Shares (Face value of Re 1/- each)
(Previous Period / Year Face value of Rs. 10/-each)
(*Not annualised) 		2.18* 55.38* 5.01* 58.97* 83.27
14 Public Shareholding Number of Shares Percentage of Shareholding 27.46% 49,016,610 27.46% 1,064,111 12.33% 49,016,610 27.46% 1,064,111 12.33% 1,064,111
12.33%


Notes:
  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 21st January 2008 and approved the same for release.
  2. The financial results are in accordance with the recognition and measurement principles laid down in Accounting Standard 25 (AS 25-Interim Financial Reporting) issued by the Institute of Chartered Accountants of India.
  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. Other income for the quarter and nine months ended 31st December 2007, includes profit on sale of investments of Rs. 2,744 Lacs and 7,005 Lacs respectively.
  5. During the quarter the Company split the face value of equity shares from Rs. 10/- to Re. 1/- and also issued 86269400 equity shares as fully paid-up bonus shares by way of capitalisation of share premium account.
  6. As approved by the shareholders of the Company at the Extra Ordinary General Meeting of the company held on November 17, 2007, company has alloted 59,10,610 equity shares of Re. 1/- each at a premium of Rs. 1034/- each aggregating to Rs. 61,175 lacs on a
  7. During the quarter,Jai Realty Ventures Ltd and Jai Infra Project Ltd. have become subsidiaries of the Company. Ekdant Reality & Developers Pvt. Ltd., Hari Darshan Realty Pvt. Ltd., Hill Rock Construction Pvt. Ltd., Hind Agri Properties Pvt. Ltd., Iconic
  8. Fibre Dying Unit at Sarigam, Gujarat has sucessfully commenced its operation.
  9. Figures for the corresponding period of the previous year / quarter have been reworked / regrouped / re-arranged wherever necessary to be in line with the current period.
  10. There were no investors complaints pending as on 1st October 2007. All the 1289 complaints received during the last quarter were resolved, except 5 which were outstanding as on 31st December 2007.
Place : Mumbai
Dated : 21st January 2008 		For and on Behalf of the Board

Virendra Jain
Managing Director


JAI CORP LTD.
Unaudited Segment Wise Revenue, Results And Capital Employed
For The Quarter and Nine Months Ended 31st December, 2007
(Rs. In Lacs)
  Unaudited  
DESCRIPTION Quarter Ended Nine Months Ended Year ended
31.03.2007
(Audited)
31.12.2007 31.12.2006 31.12.2007 31.12.2006
           
1. SEGMENT REVENUE
          
Steel 4,056 2,859 10,226 13,027 15,609
Plastic Processing 5,183 1,260 9,263 3,979 5,688
Spinning 286 1,540 1,811 4,265 5,792
Total Segment Revenue 9,525 5,659 21,300 21,271 27,089
Less: Inter Segment Revenue - - - - -
Less: Excise duty/Service tax recovered on sales/Services 450 91 1,378 572 751
Total Revenue 9,075 5,568 19,922 20,699 26,338
2. SEGMENT RESULTS
         
Steel 65 285 391 207 1,277
Plastic Processing 990 5 1,386 310 429
Spinning (86) (16) (189) 123 144
Total Segment Results 969 274 1,588 640 1,850
Less: Interest & Finance Charges 158 153 470 357 506
Less:- Other unallocable Expenditure net off 294 (35) (175) 156 790
Add:- Other unallocable income 3,681 4,746 8,178 5,087 7,275
Total Profit before tax 4,198 4,902 9,471 5,214 7,829
3. CAPITAL EMPLOYED
          
Steel 2,280 2,868 2,280 2,868 3,861
Plastic Processing 20,588 5,636 20,588 5,636 6,239
Spinning 2,349 1,822 2,349 1,822 2,235
Total Segment Capital Employed 25,217 10,326 25,217 10,326 12,335
Add: Unallocable Corporate Assets less Corporate Liabilities 228,773 21,486 228,773 21,486 21,549
Total Capital Employed 253,990 31,812 253,990 31,812 33,884

Notes:
  1. Segments have been identified in line with the Accounting Standard on Segment Reporting ( AS - 17 ), taking into account the organisation structure as well as the differential risks and returns of these segments.
  2. Segment Revenue Results and Capital employed figures include the respective amounts identifiable to each of Segments. Other unallocable expenditure includes expenses incurred at the corporate level which relates to the company as a whole. Unallocable income mainly includes income from investment of surplus funds. Unallocated Corporate assets includes Real Estate, Investments and ICDs.
Place : Mumbai
Dated : 21st January 2008 		For and on Behalf of the Board

Virendra Jain
Managing Director