Quarterly Results
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Jai Corp Limited
UNAUDITED STANDALONE FINANCIAL RESULTS
FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2010
(Rs. In Lacs, Except Per Share Data)

Sr. No. Particulars Quarter Ended Nine Months Ended Year Ended
Unaudited Unaudited Audited
31.12.2010 31.12.2009 31.12.2010 31.12.2009 31.03.2010
1 Net Sales/Income from Operations 11282 9623 33240 29259 40961
  Other Operating Income 82 160 239 657 740
  Total Income 11364 9783 33479 29916 41701
2 EXPENDITURE          
  (Increase)/decrease in Stock in trade and work in process (739) (120) (1547) (65) 128
  Consumption of Raw Materials 7922 6242 22763 19791 27422
  Purchase of Traded Goods 6 1 19 13 19
  Employees Cost 990 778 2814 2109 2952
  Land and Development Expenses 0 0 0 0 0
  Depreciation 418 402 1265 1198 1628
  Other Expenditure 1599 1323 4683 3759 5270
  Total 10196 8626 29997 26805 37419
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1168 1157 3482 3111 4282
4 Other Income 1913 907 6014 2667 3888
5 Profit before Interest & Exceptional Item (3+4) 3081 2064 9496 5778 8170
6 Interest 43 61 144 197 254
7 Profit after interest but before Exceptional Items (5-6) 3038 2003 9352 5581 7916
8 Exceptional Items 0 0 0 0 0
9 Profit from Ordinary Activities before tax (7+8) 3038 2003 9352 5581 7916
10 Tax Expenses          
  Current Tax 612 384 1741 1133 1563
  Deferred Tax 27 60 9 131 235
  Provision/(write back) of Income Tax of earlier year 0 0 0 0 11
  Total 639 444 1750 1264 1809
11 Net profit from Ordinary Activities Profit after tax (9-10) 2399 1559 7602 4317 6107
12 Extraordinary Items 0 0 0 0 0
13 Net Profit for the period (11-12) 2399 1559 7602 4317 6107
14 Paid-up Equity Share Capital face value of  Rs. 1/- each 1785 1785 1785 1785 1785
15 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year 0 0 0 0 262482
16 Earning per Shares (in ) (Face value of Rs. 1/- each) (Basic & Diluted) (*Not annualised) 1.34 * 0.87 * 4.26 * 2.42* 3.42
17 Public Shareholding          
  - Number of Shares 48211610 48211610 48211610 48211610 48211610
  - 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 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 130282400 130282400 130282400 130282400
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100% 100% 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 02nd February, 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. 2 investor complaints pending as on 1st Oct , 2010, 117 complaints received from investors during the quarter, 118 complaints resolved during the quarter and 1 investor complaint pending as on 31st December, 2010.

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

Date :- 02nd February, 2011
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director

UNAUDITED SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2010
DESCRIPTION Quarter Ended Nine Months Ended Year Ended
Unaudited Unaudited Audited
30.09.2010 30.09.2009 30.09.2010 30.09.2009 31.03.2010
1 SEGMENT REVENUE
Steel 428 692 2441 5009 5722
Plastic Processing 9638 7450 26865 21287 30708
Spinning 1942 1934 5966 4527 6710
Total Segment Revenue 12008 10076 35272 30823 43140
Less: Inter Segment Revenue 16 10 34 30 42
Less: Excise duty/Service tax recovered 710 443 1998 1534 2137
Total Revenue 11282 9623 33240 29259 40961
2 SEGMENT RESULTS
Steel (74) 28 (11) 503 578
Plastic Processing 1224 1159 3476 2949 4132
Spinning 198 109 574 43 167
Total Segment Results 1348 1296 4039 3495 4877
Less: Interest & Finance Charges 43 61 144 197 254
Add:- Other unallocable income net of 1733 768 5457 2283 3293
unallocable expenditure
Total Profit before tax 3038 2003 9352 5581 7916
3 CAPITAL EMPLOYED
Steel 313 2477 313 2477 2004
Plastic Processing 26380 23719 26380 23719 24515
Spinning 4574 3120 4574 3120 3330
Total Segment Capital Employed 31267 29316 31267 29316 29849
Add: Unallocable Corporate Assets less 240789 233596 240789 233596 234568
corporate Liabilities
Total Capital Employed 272056 262912 272056 262912 264417

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 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, 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 :- 02nd February, 2011
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director