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L.G.BALAKRISHNAN & BROS LIMITED
6/16/13, Krishnarayapuram Road, Ganapathy, Coimbatore - 641006

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31.03.2009
 
  (Rs. in Lakhs)
Sl.
No.		 Particulars Quarter
ended
 Year
ended

Previous
Year ended

31.03.2009 31.03.2008 31.03.2009 31.03.2008
1 a) Net Sale/Income from operations 12437.40 15613.86

50760.09

 54987.32
  b) Other operating Income - - - -
2 Expenditure
  a) Increase/decrease in stock in trade and Work-in-Progress (88.40) (829.52) (77.55) (535.16)
  b) Consumption of raw materials 5404.41 6646.87 19381.64 20885.40
  c) Purchase of traded goods 2029.36 3293.78 6804.21 7879.79
  d) Employees Cost 1313.46 1344.64 4528.02 4572.48
  e) Depreciation 501.68 860.78 2069.10 2894.55
  f) Other expenditure 3022.15 3177.30 14697.07 14973.40
  g) Total 12182.66 14493.85 47402.49 50670.46
3 Profit from Operations before Other Income        
  Interest & Exceptional Items (1-2) 254.74 1120.01 3357.60 4316.86
4 Other Income 214.14 63.72 548.90 295.99
5 Profit before Interest & Exceptional Items (3+4) 468.88 1183.73 3906.50 4612.85
6 Interest 530.21 792.06 2469.35 2807.60
7 Profit after Interest but before Exceptional Items (5-6) -61.33 391.67 1437.15 1805.25
8 Exceptional items 260.94 - 3064.47 -
9 Profit(+)/Loss(-) before tax(7+8) 199.61 391.67 4501.62 1805.25
10 Tax expense - - - -
  - Current Tax (145.00) 222.30 710.00 445.00
  - Deferred Tax 390.52 (239.74) (162.70) (174.91)
  - Fringe Benefits Tax 10.00 4.50 40.00 49.00
11 Net Profit(+)/Loss(-) after tax(9-10) (55.91) 404.61 3914.32 1486.16
12 Extraordinary items (net of tax expense) - - - -
13 Net Profit(+)/Loss(-) for the period (11-12) (55.91) 404.61 3914.32 1486.16
14 Paid up equity share capital
(Equity Shares of Re. 1/- each)		 784.81 784.81 784.81 784.81
15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year     13240.34 13520.06
16 Earnings per share (EPS) (Rs.)        
  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)		 (0.40) 0.52 1.08 1.89
  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) (0.07) 0.52 4.99 1.89
17 Public Shareholding        
  - No. of Shares 42255085 44137093 42255085 44137093
  - Percentage of Shareholding 53.84% 56.24% 53.84% 56.24%
18 Promoters and Promoter Group Shareholdings  
  a) Pledged/Encumbered        
  - No. of Shares 3361 900 - 3361900 -
  - % of total shareholding of promoter & promoter group 9.28% - 9.28% -
  - % of Share Capital of the Company 4.28% - 4.28% -
  b) Non Encumbered        
  - No. of Shares 32864049 - 32864049 -
  - % of total shareholding of promoter & promoter group 90.72% - 90.72% -
  - % of Share Capital of the Company 41.88% - 41.88% -

SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
UNDER CLAUSE 41 OF THE LISTING AGREEMENT
Sl.
No.		 Particulars Quarter
ended
 Year
ended

Previous
Year ended

31.03.2009 31.03.2008 31.03.2009 31.03.2008
1 Segment Revenue  
     (Net Sale/Income from operations)  
  a) Transmission 8668.56 8498.30 34399.63 30473.76
  b) Metal Forming
 1920.27 2543.80 10101.63 9685.80
  c) Forging & Machining
 0.00 2352.60 0.00 8121.60
  d)
 Others 1848.57 2219.16 6258.83 6706.16
  Total 12437.40 15613.86 50760.09 54987.32
  Less: Inter segment revenue - - - -
  Net Sales/income from operations 12437.40 15613.86 50760.09 54987.32
2 Segment Results
 
  (Profit/Loss before tax and interest)  
     a) Transmission 704.18 1114.33 3196.39 3769.06
  b) Metal Forming (202.72) 376.27 883.93 1035.27
  c) Forging & Machining
 - (332.17) - (333.17)
  d) Others (32.58) 25.30 (173.82) 141.69
  Total 468.88 1183.73 3906.50 4612.85
  Less: (i) Interest
530.21 792.06 2469.35 2807.60
  Add: (i) unallocable income
 260.94 0.00 3064.47 -
  Profit Before Tax 199.61 391.67 4501.62 1805.25
3 Capital Employed
 
  (Segment Assets-Segment Liabilities)
 
     a) Transmission 14777.02 14449.37 14777.02 14449.37
  b) Metal Forming 8199.97 7346.98 8199.97 7346.98
  c) Forging & Machining - 12226.70 - 12226.70
  d) Others 7948.26 6011.22 7948.26 6011.22
  Total 30925.25 40034.27 30925.25 40034.27
1 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 22nd May, 2009.
2 Board of Directors have recommended a regular dividend of Re.0.25 per share on a face value of Re. 1/-, and in addition, the Board recommended a special dividend of Re.0.35 per share on a face value of Re. 1/- in view of the profits earned on the disposal of industrial Chain Division of the Company. Thus, the total dividend recommended is Re.0.60 per share on a face value of Re.1/- subject to the approval of the shareholders in the ensuing Annual General Meeting.
3 During the Current Quarter the Company has not received any Investors Complaints and that there were no complaints both at the beginning and at the end of the quarter.
4 Consequent to the de-merger of the Forging Division with effect from 01.04.2008, as per the High Court Order dated 21.04.2008, and the disposal of the Industrial Chain Division with effect from 30.09.2008, the figures of the current quarter/year are not comparable with the previous quarter/year
5 Exceptional Item represents Profit on sale of Industrial Chain Division situated at D-Gudalur, Vedasandur Taluk, Dindigul.
6 Previous year figures have been regrouped/rearranged wherever necessary.
 

By order of the Board
For L.G.BALAKRISHNAN & BROS LIMITED

   
COIMBATORE

 		B.VIJAYAKUMAR
22.05.2009
 		CHAIRMAN CUM MANAGING DIRECTOR
   
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