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