Schaeffler India

 
 
 
 
 
 
Quarterly Financial Results 2016

Quarter III, 2016

STATEMENT OF STANDALONE UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED SEPTEMBER 30, 2016

 
  Rupees in Million except per share data
    1 2 3 4 5 6
Sr. No. Particulars THREE MONTHS ENDED YEAR TO DATE FIGURE YEAR ENDED

30-9-2016
(Unaudited)

30-6-2016
(Unaudited)

30-9-2015
(Unaudited)

30-9-2016
(Unaudited)

30-9-2015
(Unaudited)

31-12-2015
(Audited)
1 Income from Operations            
a) Net sales / Income from Operations (Net of excise duty) 4,689.3 4,473.0 4,349.0 13,285.6 12,689.3 17,077.6
b) Other Operating Income 79.8 52.5 34.1 184.9 105.4 166.7
  Total income from operations (Net) 4,769.1 4,525.5 4,383.1 13,470.5 12,794.7 17,244.3
2 Expenses            
a) Cost of materials consumed 1,778.4 1,694.7 1,601.6 5,053.0 4,564.2 6,292.2
b) Purchase of Stock-in-trade 1,190.0 1,214.9 1010.7 3,436.9 2,823.9 3,714.2
c) Changes in inventories of finished goods, Work-in-Progress and stock-in-trade (95.6) (142.0) (84.7) (418.8) (64.4) (135.0)
d) Employees benefit expense 369.1 373.9 338.4 1093.4 1007.3 1,317.7
e) Depreciation and amortisation expense
157.4 156.6 128.0 466.0 376.7 655.1
f) Other expenses 757.7 688.3 761.1 2,107.5 2,325.2 3,002.4
  Total expenses 4,157.0 3,986.4 3,755.1 11,738.0 11,032.9 14,846.6
3 Profit from Operations before Other Income, finance costs and Exceptional Items (1-2) 612.1 539.1 628.0 1,732.5 1,761.8 2,397.7
4 Other Income 170.5 163.4 150.1 490.4 425.4 561.6
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 782.6 702.5 778.1 2,222.9 2,187.2 2,959.3
6 Finance cost 5.2 3.3 2.6 12.7 17.8 21.2
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 777.4 699.2 775.5 2,210.2 2,169.4 2,938.1
8 Exceptional Items - - - - - -
9 Profit from Ordinary Activities before tax (7-8) 777.4 699.2 775.5 2,210.2 2,169.4 2,938.1
10 Tax expense (Refer note 2 below) 273.2 246.7 269.5 829.0 756.7 963.3
11 Net Profit from Ordinary Activities after tax (9-10) 504.2 452.5 506.0 1381.2 1412.7 1,974.8
12 Extraordinary Items (Net of tax expense) - - - - - -
13 Net Profit for the period (11-12) 504.2 452.5 506.0 1381.2 1412.7 1,974.8
14 Paid-up equity share capital
(Face value of Rs.10/- per share)
166.2 166.2 166.2 166.2 166.2 166.2
15 Reserves excluding Revaluation Reserves as per balance sheet of previous accounting year - - - - - 12,707.0
16i Earnings per share (before extraordinary items)
(of Rs. 10 each) (not annualised)
           
a) Basic 30.34 27.23 30.45 83.10 85.00 118.84
b) Diluted 30.34 27.23 30.45 83.10 85.00 118.84
16ii Earnings per share (After extraordinary items)
(of Rs. 10 each) (not annualised)
           
a) Basic 30.34 27.23 30.45 83.10 85.00 118.84
b) Diluted 30.34 27.23 30.45 83.10 85.00 118.84
 

Notes:

1) The business of the Company comprises of sale of “Ball/Roller Bearings and related components” and "sale of machines". “Ball/Roller Bearings and related components” has been identified as a single reportable segment for the purpose of Accounting Standard (AS) 17 on ‘Segment Reporting’.

2) The tax expense for the quarter ended 31 March 2016 and period ended 30 September 2016 includes provision of Rs. 41.9 million pertaining to previous year ended 31 December 2015. This however, does not have any impact on tax expense for tax year ended 31 March 2016.

3) The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on 11 November, 2016.

4) The Statutory Auditors have performed a "Limited Review" of the above financial results for the period ended 30 September, 2016.

Per our report attached of even date
B S R & Co. LLP
Chartered Accountants
Firm Reg. No. 101248W/ W-100022

Vijay Mathur
Partner
Membership No. 046476
Gurgaon / 11 November 2016

For FAG BEARINGS INDIA LIMITED

Rajendra Anandpara
Managing Director
DIN: 02461259