Quarterly Results
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Jai Corp Limited
UNAUDITED STANDALONE FINANCIAL RESULTS
FOR THE QUARTER ENDED 31st DECEMBER, 2009
(Rs. In Lacs Except Per Share Data)
S.No Particulars Unaudited 3 Months Ended Unaudited 6 Months Ended Audited Year Ended
   
31.12.2009
31.12.2008
31.12.2009
31.12.2008
31.03.2009
1 a) Net Sales/Income from Operations 9622.76 8159 29258.76 30370 37541
   b) Other Operating Income 160 309 657 1041 1044
   Total Income 9782.76 8468 29915.76 31411 38585
2 EXPENDITURE               
   a) (Increase)/decrease in Stock in trade and work in process -120 165 -65 267 118
   b) Consumption of Raw Materials 6242 3515 19791 14674 19108
   c) Purchase of Traded Goods 1 1852 13 6530 6570
   d) Employees Cost 778 572 2109 1778 2323
   e) Job Work Charges e) Job Work Charges 0            
   e) Depreciation 402 390 1198 1181 1532
   f) Other Expenditure 1323 1049 3759 3655 4476
   Total 8626 7543 26805 28085 34127
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1156.76 925 3110.76 3326 4458
4 Other Income 907 1334 2667 3957 182
5 Profit before Interest & Exceptional Item (3+4) 2063.76 2259 5777.76 7283 4640
6 Interest 61 143 197 381 464
7 Profit after interest but before Exceptional Items (5-6) 2002.76 2116 5580.76 6902 4176
8 Exceptional Items 0 0 0 0 0
9 Profit from Ordinary Activities before tax (7+8) 2002.76 2116 5580.76 6902 4176
10 Tax Expenses               
   Current Tax 384 587 1133 1224 1147
   MAT Credit 0 0 0 0 0
   Fringe Benefit Tax 0 4 0 11 16
   Deferred Tax 60 38 131 204 266
   Income Tax of earlier years 0 0 0 0 -77
   Net #REF! #REF! #REF!    #REF!
   Total 444 629 1264 1439 1352
11 Net profit from Ordinary Activities after tax (9-10) 1558.76 1487 4316.76 5463 2824
12 Extraordinary Items 0 0 0 0 0
13 Net Profit for the period (11-12) 1558.76 1487 4316.76 5463 2824
14 Paid-up Equity Share Capital face value of Re.1/- each 1785 1785 1785 1785 1785
15 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year 0 0 0 0 256661
      0.873502468    2.419038539      
16 Earning per Shares (in Rupees) (Face value of Re 1/- each) (Basic & Diluted) (*Not annualised) 0.873502468 0.83 2.42 * 3.06 * 1.58
17 Public Shareholding               
   - Number of Shares 48211610 48777355 48211610 48777355 48211610
   - Percentage of Shareholding 0.270102117 0.273271663 0.270102117 0.273271663 0.2701
18 Promoters and promoter group Shareholding               
   a) Pledged/Encumbered               
   - Number of shares 0 0 0 0 0
   - Percentage of shares (as a % of total shareholding of promoters and promoter group) 0 0 0 0 0
   - Percentage of shares (as a % of total share capital of the company) 0 0 0 0 0
   b) Non-Encumbered               
   - Number of shares 130282400 129716655 130282400 129716655 130282400
   - Percentage of shares (as a % of total shareholding of promoters and promoter group) 1 1 1 1 1
   - Percentage of shares (as a % of total share capital of the company) 0.729897883 0.726728337 0.729897883 0.726728337 0.7299

Notes:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 28th January, 2010 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 Companies (Accounting Standards) Rules, 2006.

  3. 1,50,00,000 1% Non-Cumulative, Non-Participating Redeemable Preference Shares of face value Re. 1/- each were due for redemption on 25th November, 2009. As consented by the Preference Shareholders and subsequently by the Members of the Company at their 24th Annual General Meeting held on 23rd September, 2009, the tenure of these Shares has been extended by a period not exceeding two years from the date of roll over. All other terms and conditions of issue remain unchanged.

  4. There were 2 investor complaints pending as on 1st October , 2009, 104 complaints were received from investors during the quarter, 99 complaints were resolved during the quarter and 7 investor complaints were pending as on 31st December, 2009.

  5. Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.
Date :- 28th January, 2010
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director

JAI CORP LTD
UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2009
( Rs. In Lacs )
Sr. No. Describtion Unaudited
3 Months Ended		 Unaudited
6 Months Ended 		Audited
Year Ended
    31.12.2009 31.12.2008 31.12.2009 31.12.2008 31.03.2009
1 SEGMENT REVENUE               
   Steel 692 2,077 5,009 7,105 7,665
   Plastic Processing 7,450 5,328 21,287 20,956 26,328
   Spinning 1,934 1,215 4,527 4,016 5,513
   Total Segment Revenue 10,076 8,620 30,823 32,077 39,506
   Less: Inter Segment Revenue 10 - 30 - -
   Less: Excise duty/Service tax recovered 443 461 1,534 1,707 1,965
   Total Revenue 9,623 8,159 29,259 30,370 37,541
                    
2 SEGMENT RESULTS               
   Steel 28 169 503 476 649
   Plastic Processing 1,159 870 2,949 3,627 4,613
   Spinning 109 (85) 43 (242) (269)
   Total Segment Results 1,296 954 3,495 3,861 4,993
   Less: Interest & Finance Charges 61 143 197 381 464
   Add:- Other unallocable income net of unallocable 768 1,305 2,283 3,422 (353)
   expenditure               
   Total Profit before tax 2,003 2,116 5,581 6,902 4,176
                    
3 CAPITAL EMPLOYED               
   Steel 2,477 5,407 2,477 5,407 7,026
   Plastic Processing 23,719 21,441 23,719 21,441 21,727
   Spinning 3,120 2,836 3,120 2,836 2,806
   Total Segment Capital Employed 29,316 29,684 29,316 29,684 31,559
   Add: Unallocable Corporate Assets less corporate 233,596 231,907 233,596 231,907 227,037
   Liabilities               
   Total Capital Employed 262,912 261,591 262,912 261,591 258,596

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) 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) The Assets Management activity Segment includes Investment Advisiory Services.

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

Date :- 28th January, 2010
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director