| GANDHIMATHI APPLIANCES LIMITED | ||||||
| REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD | ||||||
| KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT | ||||||
| UNAUDITED FINANCIAL RESULTS FOR THE FOURTH QUARTER ENDED 31.12.2009 | ||||||
| Rs. In lakhs | ||||||
| Particulars | Three months ended 31/12/2009 | Corresponding Three months ended in the previous year 31/12/2008 | Twelve months ended 31/12/2009 | Corresponding Twelve months ended in the previous year 31/12/2008 | Previous accounting year of 18 months period ended 31/12/2008 | |
| (Unaudited) | (Unaudited) | (Unaudited) | (Unaudited) | Audited | ||
| Rs. | Rs. | Rs. | Rs. | Rs. | ||
| 1. a) Net Sales / Income from Operations | 5,764.62 | 4,028.27 | 17,659.70 | 11,455.34 | 16,055.57 | |
| b) Other Operating Income | - | |||||
| Total Income | 5,764.62 | 4,028.27 | 17,659.70 | 11,455.34 | 16,055.57 | |
| 2. Expenditure | ||||||
| a. Increase/Decrease in stock in trade | 203.13 | (171.61) | (458.76) | (676.56) | (220.72) | |
| and work in progress | ||||||
| b. Consumption of raw materials, Components | 2,782.03 | 2,023.99 | 9,511.24 | 6,134.74 | 8,823.15 | |
| stores and Spares and Processing charges | ||||||
| c. Purchase of traded goods | 467.63 | 470.75 | 1,294.09 | 859.82 | 943.45 | |
| d. Employees cost | 221.83 | 185.94 | 794.51 | 579.10 | 760.61 | |
| e. Depreciation | 23.93 | 18.58 | 91.65 | 110.33 | 170.89 | |
| f. Excise Duty | 349.23 | 388.88 | 1,094.42 | 1,083.53 | 1,586.34 | |
| g. Other expenditure | 1,105.87 | 648.95 | 3,599.56 | 2,494.78 | 2,753.47 | |
| h. Total | 5,153.64 | 3,565.47 | 15,926.70 | 10,585.75 | 14,817.20 | |
| 3. Profit from Operations before Other Income, Interest and Exceptional item (1-2) | 610.97 | 462.80 | 1,733.00 | 869.58 | 1,238.37 | |
| 4. Other Income | 36.84 | 177.68 | 115.33 | 399.79 | 435.82 | |
| 5. Profit before Interest & Exceptional Items (3 + 4) | 647.81 | 640.48 | 1,848.33 | 1,269.37 | 1,674.19 | |
| 6. Interest | 115.73 | 50.71 | 305.88 | 215.68 | 313.74 | |
| 7. Profit after Interest but before Exceptional Items (5-6) | 532.09 | 589.77 | 1,542.46 | 1,053.69 | 1,360.45 | |
| 8. Add: Exceptional Items | - | (5.48) | - | (5.48) | (5.49) | |
| 9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) | 532.09 | 584.29 | 1,542.46 | 1,048.21 | 1,354.96 | |
| 10. Tax expenses | ||||||
| - Income Tax | (180.86) | (198.60) | (524.28) | (356.29) | (460.55) | |
| - Fringe Benefit Tax | (0.68) | (0.83) | (4.08) | (6.40) | ||
| - Deferred Tax | (0.25) | 126.47 | 12.60 | 54.81 | 62.13 | |
| 11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10) | 350.98 | 511.48 | 1,029.94 | 742.64 | 950.14 | |
| 12. Extraordinary Items (net of tax expenses) | - | - | - | - | - | |
| 13. Net Profit (+) / Loss (-) for the period (11-12) | 350.98 | 511.48 | 1,029.94 | 742.64 | 950.14 | |
| 14. Paid-up equity share capital | 963.46 | 963.46 | 963.46 | 963.46 | 963.46 | |
| (Face Value of the share Rs.10 each) | ||||||
| 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. | 3.64 | 5.31 | 10.69 | 7.71 | 9.86 | |
| b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. | 3.64 | 5.31 | 10.69 | 7.71 | 9.86 | |
| 17. Public share holding | ||||||
| - Number of shares | 2,380,844 | 2,380,844 | 2,380,844 | 2,380,844 | 2,380,844 | |
| - Percentage of shareholding | 24.71% | 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 | 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% | 28.40% | |
| - Percentage of shares (as a % of the total share capital of the Company) | 21.38% | 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 | 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% | 71.60% | |
| - Percentage of shares (as a % of the total share capital of the Company) | 53.91% | 53.91% | 53.91% | 53.91% | 53.91% | |
| 1. The Figures for the quarter ended on 31.12.2008, twelve months ended 31.12.2008 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 31.12.2009. | ||||||
| 2. The results for the quarter ended 31st December 2009 are the 4th quarter results. The financial year of the company for 2009-10 will be for a period of 15 months, ending on 31.03.2010. | ||||||
| 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 12, which have been resolved / disposed of. There were no investor complaints pending at the beginning as well as end of the quarter. | ||||||
| 6. Limited Review of the above results has been carried out by the Company's Statutory Auditors. | ||||||
| 7. The above results were reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 30.01.2010 | ||||||
| For GANDHIMATHI APPLIANCES LIMITED | ||||||
| Place: Chennai | (V.M.BALASUBRAMANIAM) | |||||
| Date : 30.01.2010 | MANAGING DIRECTOR | |||||