GANDHIMATHI APPLIANCES LIMITED
REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD
KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT
AUDITED FINANCIAL RESULTS  FOR THE QUARTER  ENDED 31.12.2008
Rs. In lakhs
Particulars 3 months ended 31/12/2008 Corresponding 3 months ended in the previous year 31/12/2007 Year to date figures for the current period of 18 months ended 31/12/2008 Previous accounting year of 15 months period  ended 30/06/2007
  Audited (Unaudited) Audited Audited
  Rs. Rs. Rs. Rs.
1.  a) Net Sales / Income from Operations          4,028.27                2,444.41         16,055.57            6,858.39
     b)  Other Operating Income                   -                           -                      -                       -  
     Total Income          4,028.27                2,444.41         16,055.57            6,858.39
2.  Expenditure        
      a.  Increase/Decrease in stock in trade           (171.61)                   (23.92)            (220.72)             (110.30)
           and work in progress        
      b.  Consumption of raw materials, Components 1903.93 1274.41 8123.61            3,720.06
           stores and Spares and Processing charges        
      c.  Purchase of traded goods             470.75                    68.24              943.45              188.99
      d.  Employees cost             187.08                  103.30              765.17              350.37
      e.  Depreciation              18.58                    30.62              170.89              135.77
       f.  Excise Duty             388.88                  245.89           1,586.34              755.02
      g.  Other expenditure             767.87                  503.63           3,448.45            1,465.80
      h.  Total          3,565.47                2,202.18         14,817.20            6,505.71
3.  Profit from Operations before Other Income, Interest and        
     Exceptional Items (1 - 2)             462.80                  242.23           1,238.37              352.68
4.   Other Income             177.68                    16.25              435.82              159.35
5.  Profit before Interest & Exceptional Items (3 + 4)             640.48                  258.48           1,674.19              512.03
6.  Interest              50.71                    43.91              313.74              269.15
7. Profit after Interest but before Exceptional Items (5-6)             589.77                  214.57           1,360.45              242.88
8.  Add:  Exceptional Items               (5.49)                         -                  (5.49)              126.53
9.  Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8)             584.28                  214.57           1,354.96              369.41
10. Tax expenses        
     - Income Tax           (198.60)                   (72.22)            (460.55)               (81.76)
     - Fringe Benefit Tax               (0.68)                     (1.01)                     (6.40)                 (8.75)
     - Deferred Tax             126.47                    10.17               62.13                12.40
11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10)                 511.48                         151.51                   950.14                    291.30
12.  Extraordinary Items (net of tax expenses)                   -                           -                      -                       -  
13.  Net Profit (+) / Loss (-) for the period (11-12)             511.48                  151.51              950.14              291.30
         
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14.  Paid-up equity share capital             963.46                  568.46              963.46              568.46
       (Face Value of the share Rs.10 each)        
15.  Reserves excluding Revaluation Reserves as                   -                           -                206.48              200.86
       per balance sheet of previous accounting year        
16.  Earnings Per Share (EPS)        
a.  Basic and diluted EPS before Extraordinary Items for the period, for the year to date and for the previous year (not to be annualized).                      5.31                              2.67                       9.86                        5.12
b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized).                      5.31                              2.67                       9.86                        5.12
17.  Public share holding        
      - Number of shares        2,380,844              2,380,844         2,380,844          2,380,844
      - Percentage of shareholding 24.71% 41.88% 24.71% 41.88%
1. The Figures for the quarter ended on 31.12.2007 and for 15 months period ended on 30.06.2007 have been regrouped/ rearranged to conform with the figures for the current quarter and current period of 18 months ended  on 31.12.2008.
2. The results for the quarter ended 31st December 2008 are the 6th quarter results.
3.  The operation of the Company relates to only  one segment, viz., domestic appliances.
4.  The number of Investor complaints received during the quarter were 7,  which have been resolved / disposed of.    There were no investor complaints pending at the beginning as well as end of the quarter.
5. In compliance with the directions of Hon'ble BIFR, the Company will submit its audited balance sheet for 18 months period ended on 31.12.08 along with its application for deregistration.
6.  The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 14.3.2009
For GANDHIMATHI APPLIANCES LIMITED
Place:  Chennai (V.M.BALASUBRAMANIAM)
Date :  14.03.09 MANAGING DIRECTOR