| GANDHIMATHI APPLIANCES LIMITED |
| REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD |
| KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT |
| UNAUDITED FINANCIAL RESULTS FOR THE THIRD QUARTER ENDED 30.09.2009 |
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Rs. In lakhs |
| Particulars |
3 months ended 30/09/2009 |
Corresponding 3 months ended in the previous year 30/09/2008 |
Nine months ended 30/09/2009 |
Corresponding Nine months ended in the previous year 30/09/2008 |
Previous accounting year of 18 months period ended 31/12/2008 |
|
(Unaudited) |
(Unaudited) |
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Audited |
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Rs. |
Rs. |
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|
Rs. |
| 1. a) Net Sales / Income from Operations |
4,952.77 |
2,891.96 |
11,895.09 |
7,427.07 |
16,055.57 |
| b) Other Operating Income |
- |
- |
- |
- |
- |
| Total Income |
4,952.77 |
2,891.96 |
11,895.09 |
7,427.07 |
16,055.57 |
| 2. Expenditure |
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| a. Increase/Decrease in stock in trade |
(325.67) |
(36.11) |
(661.89) |
(13.55) |
(220.72) |
| and work in progress |
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| b. Consumption of raw materials, Components |
2,945.45 |
1,637.51 |
6,729.21 |
4,110.75 |
8,823.15 |
| stores and Spares and Processing charges |
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| c. Purchase of traded goods |
261.48 |
151.81 |
826.45 |
389.07 |
943.45 |
| d. Employees cost |
215.33 |
140.35 |
572.68 |
393.16 |
760.61 |
| e. Depreciation |
24.50 |
31.84 |
67.72 |
91.75 |
170.89 |
| f. Excise Duty |
346.65 |
287.07 |
745.19 |
694.66 |
1,586.34 |
| g. Other expenditure |
1,030.60 |
493.51 |
2,493.69 |
1,354.44 |
2,753.47 |
| h. Total |
4,498.34 |
2,705.99 |
10,773.06 |
7,020.28 |
14,817.20 |
| 3. Profit from Operations before Other Income, Interest and Exceptional item (1-2) |
454.43 |
185.97 |
1,122.03 |
406.78 |
1,238.37 |
| 4. Other Income |
24.03 |
33.30 |
78.49 |
222.11 |
435.82 |
| 5. Profit before Interest & Exceptional Items (3 + 4) |
478.47 |
219.27 |
1,200.52 |
628.89 |
1,674.19 |
| 6. Interest |
69.01 |
54.57 |
190.15 |
164.97 |
313.74 |
| 7. Profit after Interest but before Exceptional Items (5-6) |
409.46 |
164.70 |
1,010.37 |
463.92 |
1,360.45 |
| 8. Add: Exceptional Items |
- |
- |
- |
- |
(5.49) |
| 9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) |
409.46 |
164.70 |
1,010.37 |
463.92 |
1,354.96 |
| 10. Tax expenses |
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| - Income Tax |
(139.17) |
(55.98) |
(343.42) |
(157.69) |
(460.55) |
| - Fringe Benefit Tax |
- |
(0.89) |
(0.83) |
(3.41) |
(6.40) |
| - Deferred Tax |
2.63 |
(5.09) |
12.84 |
(71.66) |
62.13 |
| 11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) |
272.91 |
102.74 |
678.96 |
231.17 |
950.14 |
| 12. Extraordinary Items (net of tax expenses) |
- |
- |
- |
- |
- |
| 13. Net Profit (+) / Loss (-) for the period (11-12) |
272.91 |
102.74 |
678.96 |
231.17 |
950.14 |
| 14. Paid-up equity share capital |
963.46 |
568.46 |
963.46 |
568.46 |
963.46 |
| (Face Value of the share Rs.10 each) |
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| 15. Reserves excluding Revaluation Reserves as |
- |
- |
- |
- |
206.48 |
| per balance sheet of previous accounting year |
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| 16. Earnings Per Share (EPS) |
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| a. Basic and diluted EPS before Extraordinary Items for the period, for the year to date and for the previous year. |
2.83 |
1.81 |
7.05 |
4.07 |
9.86 |
| b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. |
2.83 |
1.81 |
7.05 |
4.07 |
9.86 |
| 17. Public share holding |
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| - Number of shares |
2,380,844 |
2,427,920 |
2,380,844 |
2,427,920 |
2,380,844 |
| - Percentage of shareholding |
24.71% |
42.71% |
24.71% |
42.71% |
24.71% |
| 18. Promoters and promoter group share holding |
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| a) Pledged/Encumbered |
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| - Number of shares |
2,059,957 |
2,059,957 |
2,059,957 |
2,059,957 |
2,059,957 |
| - Percentage of shares (as a % of the total share holding of promoter and promoter group) |
28.40% |
63.25% |
28.40% |
63.25% |
28.40% |
| - Percentage of shares (as a % of the total share capital of the Company) |
21.38% |
36.24% |
21.38% |
36.24% |
21.38% |
| b) Non-encumbered |
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| - Number of shares |
5,193,800 |
1,196,724 |
5,193,800 |
1,196,724 |
5,193,800 |
| - Percentage of shares (as a % of the total share holding of promoter and promoter group) |
71.60% |
36.75% |
71.60% |
36.75% |
71.60% |
| - Percentage of shares (as a % of the total share capital of the Company) |
53.91% |
21.05% |
53.91% |
21.05% |
53.91% |
| 1. The Figures for the quarter ended on 30.09.2008, nine months ended 30.09.2008 and for 18 months period ended on 31.12.2008 have been regrouped/ rearranged to conform with the figures for the current quarter ended on 30.09.2009. |
| 2. The results for the quarter ended 30th Sept 2009 are the 3rd quarter results. |
| 3. Necessary provision, if any will be made in the year end for doubtful debts after review. |
| 4. The operation of the Company relates to only one segment, viz., domestic appliances. |
| 5. The number of Investor complaints received during the quarter were 15, which have been resolved / disposed of. There were no investor complaints pending at the beginning as well as end of the quarter. |
| 6. Hon'ble BIFR has during the quarter deregistered Company's reference under the provisions of SICA and the Company is no longer a sick Industrial Company. |
| 7. Limited Review of the above results has been carried out by the Company's Statutory Auditdors. |
| 8. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 31.10.2009 |
| For GANDHIMATHI APPLIANCES LIMITED |
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| Place: Chennai |
(V.M.BALASUBRAMANIAM) |
| Date : 31.10.2009 |
MANAGING DIRECTOR |
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