INVESTOR INFORMATION :
FINANCIAL RELEASE
Audited Financial Results for the Quarter and year
ended March 31, 2015 ( Lacs)
|
Item
|
STANDALONE |
CONSOLIDATED |
|
Quarter ended |
Accounting Year ended 31.3.2015
(Audited) |
Previous Accounting Year ended
31.3.2014
(Audited) |
Quarter ended |
Accounting Year ended 31.3.2015
(Audited) |
Previous Accounting Year ended 31.3.2014
(Audited) |
|
31.03.2015 (Audited) |
30.12.2014 (Reviewed) |
31.03.2014 (Audited) |
31.03.2015 (Audited) |
31.12.2014
(Reviewed) |
31.03.2014 (Audited) |
| 1 |
2 |
3 |
4 |
5 |
6 |
7 |
8 |
9 |
10 |
11 |
12 |
| 1.
|
a) Net Sales/Income from
Operations
|
19.25 |
18.88 |
18.64 |
135.31 |
122.54 |
1360.52 |
1288.87 |
1153.59 |
5204.21 |
5222.48 |
|
b) Other Operating Income
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
c) Total (1a + 1b) |
19.25 |
18.88 |
18.64 |
135.31 |
122.54 |
1360.52 |
1288.87 |
1153.59 |
5204.21 |
5222.48 |
|
2.
|
|
|
Consumption of Materials |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
556.34 |
516.06 |
418.36 |
1949.56 |
1594.77 |
|
Purchase of traded goods |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
(Increase)/Decrease in
Stocks in trade and work in
progress |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-77.29 |
-31.11 |
-144.83 |
-157.80 |
46.24 |
|
Employee benefits expense |
3.15 |
2.00 |
1.49 |
8.66 |
5.78 |
189.90 |
135.97 |
155.37 |
641.23 |
564.73 |
|
Depreciation |
0.09 |
0.06 |
0.03 |
0.27 |
0.08 |
83.26 |
81.09 |
97.48 |
320.89 |
426.46 |
|
Power & Fuel |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
148.24 |
149.48 |
147.29 |
581.60 |
572.58 |
|
External Processing |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
115.92 |
98.87 |
88.74 |
379.25 |
327.90 |
|
Other Expenses
|
2.59 |
2.28 |
1.91 |
10.70 |
9.67 |
241.47 |
183.39 |
262.77 |
727.82 |
734.56 |
|
i) |
Total Expenditure ( 2a to
2h ) |
5.83 |
4.34 |
3.43 |
19.63 |
15.53 |
1257.84 |
1133.75 |
1025.18 |
4442.55 |
4267.24 |
|
3.
|
Profit from operations before other Income,
finance costs and exceptional Items ( 1c - 2i ) |
13.42 |
14.54 |
15.21 |
115.68 |
107.01 |
102.68 |
155.12 |
128.41 |
761.66 |
955.24 |
|
4.
|
Other Income |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.33 |
0.19 |
0.48 |
0.79 |
1.07 |
|
5.
|
Profit from ordinary activities before finance
costs and exceptional Items ( 3 + 4 ) |
13.42 |
14.54 |
15.21 |
115.68 |
107.01 |
103.01 |
155.31 |
128.89 |
762.45 |
956.31 |
|
6.
|
Finance costs |
0.00 |
0.00 |
0.00 |
0.01 |
0.00 |
20.47 |
34.05 |
37.16 |
109.56 |
160.95 |
|
7.
|
Profit from Ordinary Activities before Tax ( 5 -
6 ) |
13.42 |
14.54 |
15.21 |
115.67 |
107.01 |
82.54 |
121.26 |
91.73 |
652.89 |
795.36 |
|
8. |
Tax Expense
|
a) |
Current Tax (Net of MAT Credits) |
4.12 |
4.47 |
4.67 |
17.48 |
17.73 |
27.12 |
38.47 |
39.67 |
218.48 |
299.73 |
|
b) |
Earlier years' Tax |
0.01 |
0.00 |
0.00 |
0.01 |
- 0.04 |
0.01 |
1.44 |
0.00 |
1.45 |
-9.22 |
|
c) |
Deferred Tax
|
-0.01 |
0.01 |
0.01 |
0.00 |
0.01 |
2.99 |
0.28 |
-8.56 |
-6.99 |
-35.57 |
|
d) |
Total Tax Expense ( 8a to 8c ) |
4.12 |
4.48 |
4.68 |
17.49 |
17.70 |
30.12 |
40.19 |
31.11 |
212.94 |
254.94 |
|
9.
|
Net Profit from Ordinary Activities After Tax (
7 - 8d ) |
9.30 |
10.06 |
10.53 |
98.18 |
89.31 |
52.42 |
81.07 |
60.62 |
439.95 |
540.42 |
|
10.
|
Share of profit / (loss)
of associates |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
11. |
Minority interest |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
|
12. |
Net profit after taxes,
minority interest and share of profit of associates (9+10+11) |
9.30 |
10.06 |
10.53 |
98.18 |
89.31 |
52.42 |
81.07 |
60.62 |
439.95 |
540.42 |
| 13.
|
Paid-up Equity Share
Capital (Face value Rs.10 each) |
992.00 |
992.00 |
992.00 |
992.00 |
992.00 |
992.00 |
992.00 |
992.00 |
992.00 |
992.00 |
|
14. |
Reserves excluding
revaluation reserves |
|
|
|
212.01 |
173.60 |
|
|
|
3489.71 |
3127.22 |
|
15. |
Earnings Per Share,
(Basic
& Diluted)
|
0.09 |
0.10 |
0.11 |
0.99 |
0.90 |
0.53 |
0.82 |
0.61 |
4.43 |
5.45 |
|
16. |
Public Shareholding:
a) Number of Equity Shares |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
4,745,000 |
|
b) Percentage of
Shareholding
|
47.83 |
47.83 |
47.83 |
47.83 |
47.83 |
47.83 |
47.83 |
47.83 |
47.83 |
47.83 |
|
17. |
Promoters and promoter group share-holding |
a) |
Pledged / Encumbered |
|
|
|
|
|
|
|
|
|
|
|
- |
Number of shares |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
NIL |
|
- |
% of shares (as % of total shareholding of
promoter and promoter group) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
- |
% of shares (as a % of the total share capital
of the company) |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
-- |
|
b) |
Non-encumbered |
|
|
|
|
|
|
|
|
|
|
|
- |
Number of shares |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
5,175,000 |
|
- |
% of shares (as % of total shareholding of
promoter and promoter group) |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
100.00 |
|
- |
% of shares (as a % of the total share capital of
the company) |
52.17 |
52.17 |
52.17 |
52.17 |
52.17 |
52.17 |
52.17 |
52.17 |
52.17 |
52.17 |
|
Disclosure of
assets and liabilities as per clause 41 of listing agreement for the
half year ended March 31, 2015
Amount , Rs.Lacs
|
Particulars |
31.03.2015 |
31.03.2014 |
|
Standalone |
Consolidated |
Standalone |
Consolidated |
|
1 |
Shareholder's Fund: |
|
|
|
|
| a) |
Share Capital |
992.00 |
992.00 |
992.00 |
992.00 |
| b) |
Reserves & Surplus |
212.01 |
3489.71 |
173.60 |
3127.22 |
| c) |
Money received against share warrants |
0.00 |
0.00 |
0.00 |
0.00 |
| |
Sub Total - 1 |
1204.01 |
4481.71 |
1165.60 |
4119.22 |
| 2 |
Share Application Money pending allotment |
|
|
|
|
| 3 |
Non Current Liabilities
|
|
|
|
|
| a) |
Long -term borrowings |
0.00 |
244.39 |
0.00 |
411.24 |
| b) |
Deferred Tax Liabilities (Net) |
0.04 |
20.11 |
0.04 |
30.86 |
| c) |
Other Long-term Liabilities |
0.00 |
2.93 |
0.00 |
9.36 |
| d) |
Long-term Provisions |
0.00 |
18.47 |
0.00 |
11.32 |
| |
Sub Total - 3 |
0.04 |
285.90 |
0.04 |
462.78 |
| 4 |
Current Liabilities |
|
|
|
|
| a) |
Short-term borrowings |
0.00 |
176.38 |
0.00 |
168.83 |
| b) |
Trade payables |
0.43 |
217.79 |
0.64 |
272.41 |
| c) |
Other current liabilities |
3.76 |
343.99 |
2.31 |
621.25 |
| d) |
Short-term provisions |
59.78 |
120.20 |
59.77 |
112.25 |
| |
Sub Total - 4 |
63.97 |
858.36 |
62.72 |
1174.74 |
| |
TOTAL LIABILITIES |
1268.02 |
5625.97 |
1228.36 |
5756.74 |
| 5 |
Non Current Assets: |
|
|
|
|
| a) |
Fixed Assets |
0.39 |
1998.04 |
0.35 |
2120.82 |
| b) |
Non Current Investments |
291.10 |
1.10 |
291.10 |
1.10 |
| c) |
Deferred Tax Assets (Net) |
0.00 |
0.00 |
0.00 |
0.00 |
| d) |
Long-term loans and advances |
557.80 |
61.54 |
618.90 |
148.77 |
| e) |
Other non-current assets |
0.00 |
0.00 |
0.00 |
0.00 |
| |
Sub Total - 5 |
849.29 |
2060.68 |
910.35 |
2270.69 |
| 6 |
Current Assets: |
|
|
|
|
| a) |
Current Investments |
0.00 |
0.00 |
0.00 |
0.00 |
| b) |
Inventories |
0.00 |
969.40 |
0.00 |
802.04 |
| c) |
Trade Receivables |
0.00 |
1001.73 |
0.00 |
975.08 |
| d) |
Cash & Cash Equivalents |
391.09 |
720.10 |
290.70 |
1000.42 |
| e) |
Short-term loans and advances |
27.64 |
874.06 |
27.31 |
708.76 |
| f) |
Other current assets |
0.00 |
0.00 |
0.00 |
0.00 |
| |
Sub Total - 6 |
418.73 |
3565.29 |
318.01 |
3486.05 |
| |
TOTAL ASSETS |
1268.02 |
5625.97 |
1228.36 |
5756.74 |
| |
|
|
|
|
|
|
|
|
|
|
|
Notes:
1. The above unaudited results were
reviewed by the Audit Committee and approved by the Board of Directors
on 20.05.2015.
2. The Board of
Directors have recommended payment of dividend @ 6.00%, i.e Rs. 0.60 per
share.
3
Depriciation for the quarter and financial year ended 31st March 2015
have been aligned to comply with requirement of Part C of Schedule II of
the Companies Act, 2013 Consequently, depriciation is lower by Rs. 24.09
lacs for the Q4 and Rs. 111.60 lacs for financial year ended on
31.03.2015. Further Rs. 7.82 lacs (net of deferred tax Rs. 3.76 lacs) in
respect of the fixed assets where the useful lives as specified in the
Schedule II is already expired, has been adjusted to the opening balance
of the retained earnings.
4. There was no
exceptional / extraordinary item during the quarter and financial year
ended 31.03.2015.
5. Previous
periods' figures have been regrouped/rearranged where necessary.
6. The
consolidated figures include figures of company's Wholly Owned
Subsidiary Tamboli Castings Limited.
7. There is no
qualification in Auditors Report for the year ended March 31,
2015.
8. During the
quarter, no complaints from investor were received . There were no
complaints pending at the beginning and at the end of the quarter.
|
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Date : 20.05.2015 ON BEHALF OF THE BOARD OF DIRECTORS
Place : Bhavnagar
Bipin
F. Tamboli, CHAIRMAN |
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