Schaeffler India

 
 
 
 
 
 
Quarterly Financial Results 2010

Unaudited financial resuls for the quarter ended September 30, 2010

Rupees in Million
    1 2 3 4 5
Sr. No. Particulars THREE MONTHS ENDED NINE MONTHS ENDED YEAR ENDED
30-9-2010
(Unaudited)
30-9-2009
(Unaudited)
30-9-2010
(Unaudited)
30-9-2009
(Unaudited)
31-12-2009
(Audited)
1 a) Net sales / Income from Operations 2703,0 2039,0 7774,2 5814,4 7976,9
b) Other operating Income 20,9 32,8 49,7 178,7 209,6
Total Income (1+2) 2723,9 2071,8 7823,9 5993,1 8186,5
2 Expenditure          
a) (Increase)/Decrease in stock in trade & work in progress 0,8 22,8 (53,2) 403,8 422,3
b) Consumption of Raw Materials
and Components
859,3 608,4 2417,5 1677,2 2373,5
c) Purchase of traded goods 707,9 660,8 2290,5 1591,3 2262,6
d) Employees Cost 195,1 158,4 578,3 472,9 638,8
e) Depreciation
50 51,8 150,5 149,5 200,8
f) Other Expenditure 479,9 334,5 1226,2 879,0 1248,2
g) Total 2293,0 1836,7 6609,8 5173,7 7146,2
3 Profit from Operations before Other Income          
Interest and Exceptional Items (1-2) 430,9 235,1 1214,4 819,4 1040,3
4 Other Income          
a) Interest 43,2 18,2 110,2 52,0 76,4
b) Others 0,2 0,2 0,7 1,1 1,3
5 Profit before Interest and
Exceptional Items (3+4)

474,3

253,5

1325,0

872,5

1118,0
6 Interest 2,4 2,2 6,2 4,9 7,0
7 Profit after Interest but before
Exceptional Items (5-6)

471,9

251,3

1318,8

867,6

1111,0
8 Exceptional Items (Including prior period adjustments)
-

-

-

115,2

115,2
9 Profit(+) / Loss (-) from
Ordinary Activities before tax (7+8)

471,9

251,3

1318,8

752,4

995,8
10 Tax expense 157,5 85,9 441,3 261,5 340,4
11 Net Profit (+) / Loss (-) from
Ordinary Activities after tax (9-10)

314,4

165,4

877,5

490,9

655,4
12 Extraordinary Items (Net of tax expense) - - - - -
13 Net Profit (+) / Loss (-) for
the period (11-12)

314,4

165,4

877,5

490,9

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)


18,92



9,95



52,80



29,54



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)


18,92



9,95



52,80



29,54



39,44
17 Public Shareholding          
- Number of shares 8088087 8088087 8088087 8088087 8088087
- 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 October 22, 2010.

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

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

 

For FAG BEARINGS INDIA LIMITED
Rajendra Anandpara
Managing Director

Date: October 22, 2010
Place: Shanghai