JAI CORP
LTD.
UNAUDITED STANDALONE FINANCIAL
RESULTS FOR THE
QUARTER / NINE MONTHS
ENDED 31st DECEMBER, 2008 |
( Rs. In Lacs, Except
Per Share Data)) |
| S.No |
Particulars
|
3 months
ended 31.12.2008 |
3 months
ended 31.12.2007 |
9 months
ended 31.12.2008 |
9 months
ended 31.12.2007 |
Year ended
31.03.2008 |
| |
|
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| 1 |
(a) Net Sales/Income
from Operations |
8,159
|
9,075
|
30,370
|
19,922
|
30,853
|
| |
(b) Other Operating
Income |
309
|
185
|
1,041
|
927
|
1,138
|
| |
Total Income
|
8,468
|
9,260
|
31,411
|
20,849
|
31,991
|
| 2 |
EXPENDITURE |
|
|
|
|
|
| |
a) (Increase)/decrease
in Stock in trade and
work in process |
165
|
(161)
|
267
|
(754)
|
(391)
|
| |
b) Consumption of Raw
Materials |
3,515
|
3,095
|
14,674
|
9,021
|
12,906
|
| |
c) Purchase of Traded
Goods |
1,852
|
3,684
|
6,530
|
5,063
|
8,704
|
| |
d) Employees Cost |
572
|
596
|
1,778
|
1,316
|
1,930
|
| |
e) Depreciation |
390
|
427
|
1,181
|
1,036
|
1,484
|
| |
f) Other Expenditure
|
1,049
|
953
|
3,655
|
3,421
|
5,218
|
| |
Total |
7,543
|
8,594
|
28,085
|
19,103
|
29,851
|
| 3 |
Profit from operations
before Other Income, Interest
& Exceptional Items (1-2)
|
925
|
666
|
3,326
|
1,746
|
2,140
|
| 4 |
Other Income |
1,334
|
3,690
|
3,957
|
8,195
|
11,810
|
| 5 |
Profit before Interest
& Exceptional Item (3+4)
|
2,259
|
4,356 |
7,283
|
9,941 |
13,950
|
| 6 |
Interest |
143
|
158
|
381
|
470
|
590
|
| 7 |
Profit after interest
but before Exceptional
Items (5-6) |
2,116
|
4,198
|
6,902
|
9,471
|
13,360
|
| 8 |
Exceptional Items |
-
|
-
|
-
|
-
|
-
|
| 9 |
Profit from Ordinary
Activities before tax
(7+8) |
2,116
|
4,198
|
6,902
|
9,471
|
13,360
|
| 10 |
Tax Expenses |
|
|
|
|
|
| |
Current Tax |
587
|
382
|
1,224
|
973
|
1,194
|
| |
MAT Credit |
-
|
(116)
|
-
|
(521)
|
(736)
|
| |
Fringe Benefit Tax
|
4
|
6
|
11
|
12
|
17
|
| |
Deferred Tax |
38
|
45
|
204
|
73
|
70
|
| |
TOTAL |
629
|
317
|
1,439
|
537
|
545
|
| 11 |
Net profit from Ordinary
Activities Profit after
tax (9-10) |
1,487
|
3,881
|
5,463
|
8,934
|
12,815
|
| 12 |
Extraordinary Items
|
-
|
-
|
-
|
-
|
-
|
| 13 |
Net Profit for the
period (11-12) |
1,487
|
3,881
|
5,463
|
8,934
|
12,815
|
| 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 |
|
-
|
|
-
|
254,121
|
| 16 |
Earning per Shares
(in Rupees) (Face value
of Re 1/- each) (Basic
& Diluted) (*Not annualised)
|
0.83*
|
2.18
* |
3.06*
|
5.01
* |
7.34
|
| 17 |
Public Shareholding
|
|
|
|
|
|
| |
- Number of Shares
|
48,777,355
|
49,016,610
|
48,777,355
|
49,016,610
|
49,016,610
|
| |
- Percentage of Shareholding
|
27.33%
|
27.46%
|
27.33%
|
27.46%
|
27.46%
|
Notes:-
-
The above results were
reviewed by the Audit
Committee, taken on record
by the Board at its meeting
held on 31st January 2009
and approved the same
for release.
- The Financial Results are
in accordance with the recognition
and measurement principles
laid down in Accounting Standard
(AS)-25 on "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.
- 'Figures in respect of the
previous period/ year have
been reworked / regrouped
/ re-arranged wherever necessary
to make them comparable.
- 131 complaints were received
from investors during the
last quarter and all the complaints
were resolved during the quarter.
There were no investor complaints
as on 31st December 2008.
Place
: Mumbai
Dated : 31st Jan 2009. |
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 / NINE
MONTHS ENDED 31st DECEMBER,
2008 |
( Rs. In Lacs ) |
| DESCRIPTION |
3 months
ended 31.12.2008 |
3 months
ended 31.12.2007 |
9 months
ended 31.12.2008 |
9 months
ended 31.12.2007 |
Year ended
31.03.2008 |
| |
Unaudited |
Unaudited |
Unaudited |
Unaudited |
Audited |
| 1.
SEGMENT REVENUE |
|
|
|
|
|
| Steel |
2,077
|
4,056
|
7,105
|
10,226
|
15,163
|
| Plastic
Processing |
5,328
|
5,183
|
20,956
|
9,263
|
15,241
|
| Spinning
|
1,215
|
286
|
4,016
|
1,811
|
2,387
|
|
Total Segment Revenue
|
8,620 |
9,525 |
32,077 |
21,300 |
32,791 |
| Less: Inter
Segment Revenue |
-
|
-
|
-
|
-
|
-
|
| Less: Excise
duty/Service tax recovered
|
461
|
450
|
1,707
|
1,378
|
1,938
|
|
Total Revenue |
8,159
|
9,075
|
30,370
|
19,922
|
30,853
|
|
2. SEGMENT RESULTS |
|
|
|
|
|
| Steel |
169
|
65
|
476
|
391
|
701
|
| Plastic
Processing |
870
|
990
|
3,627
|
1,386
|
2,318
|
| Spinning
|
(85)
|
(86)
|
(242)
|
(189)
|
(262)
|
|
Total Segment Results
|
954
|
969
|
3,861
|
1,588
|
2,757
|
| Less: Interest
& Finance Charges |
143
|
158
|
381
|
470
|
590
|
| Add:- Other
unallocable income net
of |
1,305
|
3,387
|
3,422
|
8,353
|
11,193
|
| unallocable
expenditure |
|
|
|
|
|
|
Total Profit before tax
|
2,116
|
4,198
|
6,902
|
9,471
|
13,360
|
|
3. CAPITAL EMPLOYED |
|
|
|
|
|
| Steel |
5,407
|
2,280
|
5,407
|
2,280
|
2,277
|
| Plastic
Processing |
21,441
|
20,588
|
21,441
|
20,588
|
21,278
|
| Spinning
|
2,836
|
2,349
|
2,836
|
2,349
|
2,862
|
|
Total Segment Capital
Employed |
29,684
|
25,217
|
29,684
|
25,217
|
26,417
|
| Add: Unallocable
Corporate Assets less
|
231,907
|
228,773
|
231,907
|
228,773
|
229,640
|
| Corporate
Liabilities |
|
|
|
|
|
|
Total Capital Employed
|
261,591
|
253,990
|
261,591
|
253,990
|
256,057
|
NOTES:-
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
and marketing operation of CR
Coils/Sheets, GP/GC Coils/Sheets,
HR Coils/Plates, Melting Scrap,
Iron Spong and Structural Steel.
b) he 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 : 31st January 2009 |
For
and on Behalf of the Board
Gaurav Jain
Managing Director |
|
