GANDHIMATHI APPLIANCES LIMITED
REGD.OFFICE: 143, VANDALUR-KELAMBAKKAM ROAD
KELAMBAKKAM - 603 103, KANCHEEPURAM DISTRICT
UNAUDITED FINANCIAL RESUTLS FOR THE QUARTER ENDED 31ST MARCH, 2011
      Rs. In lakhs    
Particulars Three months ended on 30/09/2010 Corresponding Three months ended in the previous year 31/03/2010   Corresponding Nine months ended in the previous year Previous accounting year of 18 months period ended 30.06.2010
  (Unaudited) (Unaudited) (Unaudited) (Unaudited) Audited
  Rs. Rs. Rs. Rs. Rs.
1.  a) Net Sales / Income from Operations 6,631.77    4,919.87 22,070.48 15,637.25   27,162.38
     b)  Other Operating Income 78.00 21.81 247.13 69.65 145.75
     Total Income      6,709.77 4,941.68     22,317.61    15,706.90    27,162.38
2.  Expenditure          
      a.  Increase/(Decrease) in stock in trade and work in progress   (703.19) (416.04)   (1,309.86) (538.58) 1,320.36
      b.  Consumption of raw materials, Components    3,358.86   2,606.22 11,418.41   8,333.70   12,018.79
           stores and Spares and Processing charges        
      c.  Purchase of traded goods 1,115.19 755.14    3,009.21    1,484.25    2,473.96
      d.  Employees cost 474.09 238.01     1,127.76    675.17   1,319.30
      e.  Depreciation     38.19   25.67    97.08    74.10   130.15
       f.  Excise Duty 490.55 239.14 1,750.69    935.02   1,811.05
      g.  Other expenditure 1,272.95    1,027.13    4,087.24    3,163.60 5,428.31
      h.  Total    6,046.64   4,475.28   20,180.53   14,127.26   24,501.92
3. Profit from Operations before Other Income, Interest and Exceptional item (1-2)         663.13    466.40   2,137.08   1,579.64   2,660.46
4. Other Income     17.56 14.31    24.04   27.34 182.50
5. Profit before Interest & Exceptional Items (3 + 4)        680.69 480.71 2,161.12   1,606.98   2,842.96
6. Interest   172.46   141.40 514.26    326.14   614.17
7. Profit after Interest but before Exceptional Items (5-6) 508.23 339.31 1,646.86    1,280.84    2,228.79
8. Exceptional Items        (132.00)       (132.00)      (132.00)
9. Profit (+)/ Loss (-) from Ordinary Activities before tax (7+8) 508.23 207.31   1,646.86   1,148.84   2,096.79
10. Tax expenses          
     - Income Tax 389.58   115.33    594.53    435.36   (1,019.87)
     - Fringe Benefit Tax -   -   -   -      (0.83)
     - Deferred Tax   (26.59)   (9.56) (34.76)   (11.94) 482.14
11. Net Profit (+)/ Loss (-) from Ordinary Activities after tax (9-10)    145.24   101.54   1,087.09   725.43 1,558.23
12. Extraordinary Items (net of tax expenses)   -        
13. Net Profit (+) / Loss (-) for the period (11-12)    145.24   101.54   1,087.09   725.43   1,558.23
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 - -   -   -     1,764.71
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. 1.51   1.05 11.28 7.53 16.17
b. Basic and diluted EPS after Extraordinary items for the period, for the year to date and for the previous year. 1.51 1.05 11.28 7.53 16.17
17.  Public share holding          
      - Number of shares 3,380,044      2,380,044 3,380,044      2,380,044 2,380,044
      - Percentage of shareholding 35.08% 24.70% 35.08% 24.70% 24.71%
18. Promoters and promoter group share holding          
a) Pledged/Encumbered           
    - Number of shares     318,100      2,059,957      318,100      2,059,957 2,059,957
    - Percentage of shares (as a % of the total share holding of promoter and promoter group) 5.09% 28.40% 5.09% 28.40% 28.40%
    - Percentage of shares (as a % of the total share capital of the Company) 3.30% 21.38% 3.30% 21.38% 21.38%
b) Non-encumbered          
    - Number of shares 5,936,457      5,194,600 5,936,457 5,194,600  5,194,600
    - Percentage of shares (as a % of the total share holding of promoter and promoter group) 94.91% 71.60% 94.91% 71.60% 71.60%
    - Percentage of shares (as a % of the total share capital of the Company) 61.62% 53.92% 61.62% 53.92% 53.91%
           
GANDHIMATHI APPLIANCES LIMITED
STATEMENT OF ASSETS AND LIABILITIES AS AT 31.03.2011 BEING THE FINANCIAL YEAR
PARTICULARS FINANCIAL PERIOD ENDED AS AT 31.03.11 CORRESPONDING FINANCIAL YEAR ENDED AS AT 30.06.2010
  (Unaudited) (Unaudited)
  Rs. Rs.
SHAREHOLDERS' FUNDS:    
(a) Capital 963.46 963.46
(b) Reserves and Surplus   200.86 200.86
     
LOAN FUNDS 7,672.30 6,745.50
PROFIT AND LOSS ACCOUNT 2,650.93 1,563.84
TOTAL 11,487.55 9,473.67
     
FIXED ASSETS             3,021.69 2,454.11
INVESTMENTS                      -                             -  
CURRENT ASSETS, LOANS AND ADVANCES    
(a) Inventories             4,818.09                  2,733.02
(b) Sundry Debtors             4,301.89                  2,896.74
(c ) Cash and Bank Balance                901.26                      181.31
(d) Others Current Assets                      -                             -  
(e) Loans and Advances             2,971.00                  3,187.27
Less: current Liabilities and Provisions    
(a) Liabilities             3,363.30                  1,429.26
(b) Provisions             1,836.97                   1,188.67
Deferred Tax Assets/(Liabilities)               673.90                     639.13
MISCELLANEOUS EXPENDITURE (NOT WRITTEN OFF OR ADJUSTED)                      -                             -  
PROFIT AND LOSS ACCOUNT                      -                             -  
TOTAL        11,487.55             9,473.67
1 . The above results, were reviewed by the Audit Committee of the Board and were approved by the Board of Directors at its meeting held on 12th May, 2011.
2. The Figures for the quarter ended on 31.03.2010, nine months period ended 31.3.2011 and for 18 months period ended on 30.06.10 have been regrouped/ rearranged to conform with the figures for the current quarter ended on 31.3.2011.
3.  The Financial year of the Company for 2010-2011 will be for nine months, i.e. from 1st July, 2010 to 31st March, 2011.
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 76, 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 and the Report forwarded to the Stock Exchanges.
For GANDHIMATHI APPLIANCES LIMITED
Place:  Chennai (V.M.BALASUBRAMANIAM)
Date :  12.05.2011 MANAGING DIRECTOR