Schaeffler India

 
 
 
 
 
 
Quarterly Financial Results 2010

Unaudited financial resuls for the quarter ended March 31, 2010

Rupees in Million
    1 2 3
Sr. No. Particulars THREE MONTHS ENDED YEAR ENDED
31-3-2010
(Unaudited)
31-3-2009
(Unaudited)
31-12-2009
(Audited)
1 a) Net sales / Income from Operations 2359.3 1826.5 7976.9
b) Other operating Income 14.7 70.4 209.6
  2374.0 1896.9 8186.5
2 Expenditure      
a) (Increase)/Decrease in stock in trade & work in progress (101.0) 150.5 422.3
b) Consumption of Raw Materials
and Components
750.2 525.5 2373.5
c) Purchase of traded goods 813.9 427.1 2262.6
d) Employees Cost 169.7 150.1 638.8
e) Depreciation
49.8 48.8 200.8
f) Other Expenditure 379.0 275.3 1248.2
g) Total 2061.6 1577.3 7146.2
3 Profit from Operations before Other Income Interest and Exceptional Items (1-2)
312.4

319.6

1040.3
4 Other Income      
a) Interest 28.7 10.5 76.4
b) Others 0.2 0.2 1.3
5 Profit before Interest and Exceptional Items (3+4) 341.3 330.9 1118.0
6 Interest 1.7 1.1 7.0
7 Profit after Interest but before Exceptional Items (5-6) 339.6 329.8 1111.0
8 Exceptional Items (Including prior period adjustments) - 115.2 115.2
9 Profit(+) / Loss (-) from Ordinary Activities before tax (7+8)
339.6

214.6

995.8
10 Tax expense 114.9 75.4 340.4
11 Net Profit (+) / Loss (-) from Ordinary Activities after tax (9-10)
224.7

139.2

655.4
12 Extraordinary Items (Net of tax expense) - - -
13 Net Profit (+) / Loss (-) for the period (11-12) 224.7 139.2 655.4
14 Paid-up equity share capital (Face value of Rs.10/- per share) 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)

13.52


8.38


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)

13.52


8.38


39.44
17 Public Shareholding      
- Number of shares 8088087 8088087 8088087
- Percentage of shareholding 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
- Percentage of shares (as a % of the total shareholding of promoter and promoter group)
100

100

100
- Percentage of shares (as a % of the total share capital of the Company)
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 April 22, 2010.

4. The Statutory Auditors have performed a 'Limited Review' of the above financial results for the three months ended March 31, 2010.

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

 
Per our report attached of even date
Mohinder Puri & Co.
Chartered Accountants

Vikas Vig
Partner
Membership No. 16920
Mumbai/ April 22, 2010
  For FAG BEARINGS INDIA LIMITED



RAJENDRA ANANDPARA
MANAGING DIRECTOR

Mumbai/ April 22, 2010