Quarterly Results
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Jai Corp Limited
STATEMENT OF UNAUDITED RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2012
(Rs. In Lacs, Except as stated)

  Particulars ( Rs. in Lacs except per share data)
  QUARTER ENDED SIX MONTHS ENDED YEAR ENDED
  31.12.2012 30.09.2012 31.12.2012 31.12.2012 31.12.2012 31.03.2012
  Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Income from Operations            
  a) Net Sales/Income from Operations (Net of Excise Duty) 13,868 16,753 15,177 47,095 43,583 61,709
  b) Other Operating Income 47 14 22 98 55 82
  Total income from operations (net) 13,915 14 15,198 47,193 43,638 61,791
2 Expenses            
  a) Cost of materials consumed 9,655 11,289 9,646 31,544 28,912 39,206
  b) Purchase of stock-in-trade (1) 5 816 5 825 2,506
  c) Changes in inventories of finished goods,work-in-progress and stock-in-trade (804) (199) 379 (940) (493) 234
  d) Employee benefits expenses 1,210 1,332 1,294 3,864 3,710 5,032
  e) Depreciation and amortisation expenses 447 476 421 1,355 1,289 1,730
  f) Other expenses 2,554 2,587 2,290 7,608 6,085 9,206
  Total expenses 13,061 15,480 14,088 43,436 40,326 57,915
3 Profit from operations before other income, finance costs and exceptional items (1-2) 854 1,310 1,110 3,757 3,310 3,877
4 Other income 836 1,743 3,522 4,328 9,000 10,157
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 1,690 3,053 4,632 8,085 12,310 14,034
6 Finance costs 6 13 17 51 56 75
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 1,684 3,040 4,615 8,034 12,254 13,958
8 Exceptional Items - - - - - -
9 Profit from ordinary activities before tax (7-8) 1,684 3,040 4,615 8,034 12,254 13,959
10 Tax expense (Net of Deferred Tax) 535 897 1369 2,375 3,376 4,066
11 Net Profit from ordinary activities after tax (9-10) 1,149 2,143 3,246 5,659 8,878 9,893
12 Extraordinary items - - - - - -
13 Net Profit for the period (11-12) 1149 2,143 3,246 5,659 8,878 9,893
14 Paid-up Equity Share Capital face value of Re. 1/- each 1,785 1,785 1,785 1,785 1,785 1,785
15 Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year - - - - - 2,19,123
16 Earning per Share (in Rs.) (Face value of Re.1/- each) (Basic & Diluted) (*Not annualised) 0.64* 1.20* 1.82* 3.17* 4.97* 5.54

PART II
  Particulars QUARTER ENDED SIX MONTHS ENDED YEAR ENDED
  31.12.2012 30.09.2012 31.12.2012 31.12.2012 31.12.2012 31.03.2012
A PARTICULARS OF SHAREHOLDING            
  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 4,82,11,610
  - Percentage of shareholding 27.01% 0.00% 27.01% 27.01% 27.01% 27.01% 
  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 130,282,400 130,282,400 130,282,400 130,282,400 130,282,400 130,282,400
  - Percentage of shares (as a % of total
shareholding of promoters and
promoter group)		 100% 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% 72.99%
B INVESTOR COMPLAINTS

QUARTER ENDED

31.12.2012 		          
  Pending at the beginning of the quarter 3          
  Received during the quarter 63          
  Disposed off during the quarter 65          
  Remaining unresolved at the end of the quarter 1          

Notes to the financial results:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 7th February, 2013 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 Auditor of the Company has carried out a Limited Review of the above results in terms of Clause 41 of the Listing Agreement.

  4. The reduction in income from operations vis-a-vis reduction in operating profit is mainly due to the major fire on 11th October 2012, at one of the Company's HDPE/PP Woven Sacks Unit located at Daman. The Company has insurance policies adequately covering loss of profit and other losses of the assets due to fire. The claim on account of loss of profit will be accounted for on receipt. The Company is trying to maintain its production and supply schedule through the other units.


  5. Figures in respect of the previous periods / year have been reworked / regrouped / re-arranged, wherever necessary, to make them comparable.
Date :- 7th February, 2013
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director

 

Unaudited Segment Wise Revenue, Results and Capital employed for the quater and nine months ended
31st December, 2012
  DESCRIPTION (Rs. in Lacs)
  QUARTER ENDED SIX MONTHS ENDED YEAR ENDED
  31.12.2012 30.09.2012 31.12.2012 31.12.2012 31.12.2012 31.03.2012
  Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 SEGMENT REVENUE            
  Steel 956 797 1,556 2,606 2,782 5,181
  Plastic Processing 10,871 14,322 12,328 39,311 35,968 50,365
  Spinning 3,059 2,799 2,339 8,152 7,496 9,883
  Total Segment Revenue 14,886 17,918 16,223 50,469 46,246 65,429
  Less: Inter Segment Revenue 18 17 14 46 37 47
  Less: Excise duty recovered 953 1,111 1,011 3,230 2,571 3,591
  Total Revenue 13915 16,790 15,198 47,193 43,638 61,791
               
2 SEGMENT RESULTS            
  Steel 32 5 80 74 92 119
  Plastic Processing 895 1,192 1,477 4,067 4,515 5,739
  Spinning 292 221 67 638 139 118
  Total Segment Results 1,219 1,418 1,624 4,779 4,746 5,976
  Less: Finance Cost 6 13 17 51 56 75
  Add: Other unallocable income net of 471 1,635 3,008 3,306 7,564 8,058
  unallocable expenditure            
  Total Profit before tax 1,684 3,040 4,615 8,034 12,254 13,959
               
3 CAPITAL EMPLOYED            
  Steel 1,872 1,462 922 1,872 922 930
  Plastic Processing 29,263 29,185 28,129 29,263 28,129 28,900
  Spinning 6,566 6,215 6,610 6,566 6,610 6,233
  Total Segment Capital Employed 37,701 36,862 35,661 37,701 35,661 36,063
  Add: Unallocable Corporate Assets less 1,67,769 1,67,458 1,84,607 1,67,769 1,84,607 1,84,945
  Corporate Liabilities            
  Total Capital Employed 2,05,470 2,04,320 2,20,268 2,05,470 2,20,268 2,21,008

Notes to Segment Information:

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 periods/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.


Date :- 07th February, 2013
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director