| GANDHIMATHI APPLIANCES LIMITED | |||||
| REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD | |||||
| KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT | |||||
| UNAUDITED FINANCIAL RESULTS FOR THE FIFTH QUARTER ENDED 31.03.2010 | |||||
| Rs In Lakhs | |||||
| Particulars | Three months ended 31/03/2010 | Corresponding Three months ended in the previous year 31/03/2009 | Corresponding FIfteen months ended in the previous year 31/03/2010 | Previous accounting year of 18 months period ended 31/12/2008 | |
| (Unaudited) | (Unaudited) | (Unaudited) | Audited | ||
| Rs. | Rs. | Rs. | Rs. | ||
| 1. a) Net Sales / Income from Operations | 4,919.87 | 3,318.88 | 22,579.57 | 16,055.57 | |
| b) Other Operating Income | - | - | - | - | |
| Total Income | 4,919.87 | 3,318.88 | 22,579.57 | 16,055.57 | |
| 2. Expenditure | |||||
| a. Increase/Decrease in stock in trade and work in progress | (416.04) | (202.74) | (874.79) | (220.72) | |
| b. Consumption of raw materials, Components stores and Spares and Processing charges | 2,606.22 | 1,842.07 | 12,117.46 | 8,823.15 | |
| c. Purchase of traded goods | 755.14 | 273.22 | 2,049.22 | 943.45 | |
| d. Employees cost | 238.01 | 170.21 | 1,032.56 | 760.61 | |
| e. Depreciation | 25.67 | 21.27 | 117.32 | 170.89 | |
| f. Excise Duty | 239.14 | 197.97 | 1,333.56 | 1,586.34 | |
| g. Other expenditure | 1,027.13 | 718.85 | 4,627.51 | 2,753.47 | |
| h. Total | 4,475.28 | 3,020.84 | 20,402.84 | 14,817.20 | |
| 3. Profit from Operations before Other Income, Interest and Exceptional item (1-2) | 444.58 | 298.05 | 2,176.73 | 1,238.37 | |
| 4. Other Income | 36.12 | 30.79 | 152.30 | 435.82 | |
| 5. Profit before Interest & Exceptional Items (3 + 4) | 480.70 | 328.84 | 2,329.03 | 1,674.19 | |
| 6. Interest | 141.40 | 59.19 | 447.28 | 313.74 | |
| 7. Profit after Interest but before Exceptional Items (5-6) | 339.30 | 269.65 | 1,881.75 | 1,360.45 | |
| 8. Add: Exceptional Items | (132.00) | - | (132.00) | (5.49) | |
| 9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) | 207.30 | 269.65 | 1,749.75 | 1,354.96 | |
| 10. Tax expenses | |||||
| - Income Tax | (115.33) | (91.65) | (639.61) | (460.55) | |
| - Fringe Benefit Tax | - | (0.83) | (0.83) | (6.40) | |
| - Deferred Tax | 9.56 | 10.06 | 22.16 | 62.13 | |
| 11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) | 101.53 | 187.22 | 1,131.47 | 950.14 | |
| 12. Extraordinary Items (net of tax expenses) | - | - | - | - | |
| 13. Net Profit (+) / Loss (-) for the period (11-12) | 101.53 | 187.22 | 1,131.47 | 950.14 | |
| 14. Paid-up equity share capital (Face Value of the share Rs.10 each) | 963.46 | 963.46 | 963.46 | 963.46 | |
| 15. Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year | - | - | - | 206.48 | |
| 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. | 1.05 | 1.94 | 11.74 | 9.86 | |
| b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. | 1.05 | 1.94 | 11.74 | 9.86 | |
| 17. Public share holding | |||||
| - Number of shares | 2,380,844 | 2,380,844 | 2,380,844 | 2,380,844 | |
| - Percentage of shareholding | 24.71% | 24.71% | 24.71% | 24.71% | |
| 18. Promoters and promoter group share holding | |||||
| a) Pledged/Encumbered | |||||
| - Number of shares | 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% | 28.40% | 28.40% | 28.40% | |
| - Percentage of shares (as a % of the total share capital of the Company) | 21.38% | 21.38% | 21.38% | 21.38% | |
| b) Non-encumbered | |||||
| - Number of shares | 5,193,800 | 5,193,800 | 5,193,800 | 5,193,800 | |
| - Percentage of shares (as a % of the total share holding of promoter and promoter group) | 71.60% | 71.60% | 71.60% | 71.60% | |
| - Percentage of shares (as a % of the total share capital of the Company) | 53.91% | 53.91% | 53.91% | 53.91% | |
| 1. The Figures for the quarter ended on 31.03.2009 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 31.03.2010. | |||||
| 2. The results for the quarter ended 31st March 2010 are the 5th quarter results. The financial year of the company for the year 2009-10 has been extended for a period of 18 months, ending on 30.06.2010, and the extension has been approved by the Registrar of Companies, Tamilnadu. | |||||
| 3. The figures relating to the corresponding 15 months period ended on 31.3.2009 have not been given having regard to the fact that it will also include the figures relating to a period of 3 months falling in the current Financial Year which relates to 15 months period ended 31.03.2010 | |||||
| 4. Exceptional item relates to amount recouped by a Bank against interest waived in an earlier year. | |||||
| 5. Necessary provision, if any will be made in the year end for doubtful debts after review. | |||||
| 6. The operation of the Company relates to only one segment, viz., domestic appliances. | |||||
| 7. The number of Investor complaints received during the quarter were 10, which have been resolved / disposed of. There were no investor complaints pending at the beginning as well as end of the quarter. | |||||
| 8. Limited Review of the above results has been carried out by the Company's Statutory Auditors. | |||||
| 9. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 30.04.2010 | |||||
| For GANDHIMATHI APPLIANCES LIMITED | |||||
| Place: Chennai | (V.M.BALASUBRAMANIAM) | ||||
| Date : 30.04.2010 | MANAGING DIRECTOR | ||||