Schaeffler India

 
 
 
 
 
 
Quarterly Financial Results 2010

Unaudited financial resuls for the quarter ended June 30, 2010

Rupees in Million
    1 2 3 4 5
Sr. No. Particulars THREE MONTHS ENDED SIX MONTHS ENDED YEAR ENDED
30-6-2010
(Unaudited)
30-6-2009
(Unaudited)
30-6-2010
(Unaudited)
30-6-2009
(Unaudited)
31-12-2009
(Audited)
1 a) Net sales / Income from Operations 2711.9 1948.9 5071.2 3775.4 7976.9
b) Other operating Income 14.1 75.5 28.8 145.9 209.6
Total Income (1+2) 2726.0 2024.4 5100.0 3921.3 8186.5
2 Expenditure          
a) (Increase)/Decrease in stock in trade & work in progress 47.0 230.5 (54.0) 381.0 422.3
b) Consumption of Raw Materials
and Components
808.0 543.3 1558.2 1068.8 2373.5
c) Purchase of traded goods 768.7 503.4 1582.6 930.5 2262.6
d) Employees Cost 213.5 164.4 383.2 314.5 638.8
e) Depreciation
50.7 48.9 100.5 97.5 200.8
f) Other Expenditure 367.3 269.2 746.3 544.5 1248.2
g) Total 2255.2 1759.7 4316.8 3337.0 7146.2
3 Profit from Operations before Other Income          
Interest and Exceptional Items (1-2) 470.8 264.7 783.2 584.3 1040.3
4 Other Income          
a) Interest 38.3 23.3 67.0 33.8 76.4
b) Others 0.3 0.1 0.5 0.9 1.3
5 Profit before Interest and
Exceptional Items (3+4)

509.4

288.1

850.7

619.0

1118.0
6 Interest 2.1 1.6 3.8 2.7 7.0
7 Profit after Interest but before
Exceptional Items (5-6)

507.3

286.5

846.9

616.3

1111.0
8 Exceptional Items (Including prior period adjustments)
-

-

-

115.2

115.2
9 Profit(+) / Loss (-) from
Ordinary Activities before tax (7+8)

507.3

286.5

846.9

501.1

995.8
10 Tax expense 168.9 100.2 283.8 175.6 340.4
11 Net Profit (+) / Loss (-) from
Ordinary Activities after tax (9-10)

338.4

186.3

563.1

325.5

655.4
12 Extraordinary Items (Net of tax expense) - - - - -
13 Net Profit (+) / Loss (-) for
the period (11-12)

338.4

186.3

563.1

325.5

655.4
14 Paid-up equity share capital
(Face value of Rs.10/- per share)

166.2

166.2

166.2

166.2

166.2
15 Reserves excluding Revaluation Reserves          
as per balance sheet of previous accounting year
-

-

-

-

4428.3
16 Earning per share (EPS)          
a) Basic and diluted EPS before Extraordinary Items for the period, for the year to date and for the previous year (not to be annualised)


20.36



11.21



33.88



19.58



39.44
b) Basic and diluted EPS after Extraordinary Items for the period, for the year to date and for the previous year (not to be annualised)


20.36



11.21



33.88



19.58



39.44
17 Public Shareholding          
- Number of shares 8,088,087 8,088,087 8,088,087 8,088,087 8,088,087
- Percentage of shareholding 48.7 48.7 48.7 48.7 48.7
18 Promoters and promoter group
Shareholding
         
a) Pledged / Encumbered          
- Number of Shares - - - - -
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)

-


-


-


-


-
- Percentage of shares (as a % of the total share capital of the Company)

-

-

-

-

-
b) Non-encumbered          
- Number of Shares 8529183 8529183 8529183 8529183 8529183
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)

100


100


100


100


100
- Percentage of shares (as a % of the total share capital of the Company)
51.3

51.3

51.3

51.3

51.3
 

Notes:

1. The business of the Company falls under a single segment i.e. "Ball / Roller Bearings and related components" for the purpose of Accounting Standard AS - 17.

2. There was no investor's complaint pending at the beginning and end of the quarter. Total 3 complaints were received and resolved during the quarter.

3. The above financial results were reviewed by the Audit Committee and approved by the Board of Directors at the meeting held on July 23, 2010.

4. The Statutory Auditors have performed a 'Limited Review' of the above financial results for the three months ended June 30, 2010.

5. Statement of Assets and Liabilities

 
Rupees in million
  Particulars 30-6-2010
(Unaudited)
30-6-2009
(Unaudited)
Shareholders Funds    
a) Capital 166.2 166.2
b) Reserves and Surplus 5013.6 4208.7
c) Deferred tax liabilities (Net) 42.8 49.7
Total 5222.6 4424.6
     
Fixed Assets 1442.8 1564.5
Investments 3.2 3.2
Current Assets, Loans, and Advances    
a) Inventories 1227.3 1046.1
b) Sundry Debtors 1549.1 1113.0
c) Cash and bank balances 2063.1 1180.3
d) Other current assets 42.1 8.9
e) Loans and advances 766.4 710.9
  5648.0 4059.2
     
Less: Current Liabilities and Provisions    
a) Liabilities 1670.5 1060.2
b) Provisions 200.9 142.1
  1871.4 1202.3
Net Current Assets 3776.6 2856.9
Total 5222.6 4424.6
 

6. Previous period's figures have been regrouped wherever necessary to make them comparable.

For FAG BEARINGS INDIA LIMITED
Rajendra Anandpara
Managing Director

Date: July 23, 2010
Place: New Delhi