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

'UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31.12.2008 (PROVISIONAL)
 
  (Rs. in Lacs)

Sl.
No.
Particulars
3 Months ended
Coresponding 3 months ended in the previous year Year to date figures for the current period ended Year to date figures for the previous year ended Previous
accounting year
ended
31.12.2008
(Unaudited) 		31.12.2007
(Unaudited) 		31.12.2008
(Unaudited) 		31.12.2007
(Unaudited) 		31.03.2008
(Audited)
1. a) Net Sales/Income from Operations
 10199.38 13181.99 38322.69 39373.46 54987.32
  b) Other Operating Income
-
-
-
-
-
2.

Expenditure
  a) Increase / Decrease in Stock in Trade and Work in Progress (51.53) 571.36 10.85 294.36 (535.16)
  b) Consumption of Raw Materials 3674.32 4278.95 13977.23 14238.53 20885.40
  c) Purchase of traded goods 1206.46 1570.10 4774.85 4586.01 7879.79
  d) Employees Cost 1020.21 1139.68 3214.56 3227.84 4572.48
  e) Depreciation 481.82 692.09 1567.42 2033.77 2894.55
  f) Other expenditure 3570.24 3966.68 11674.92 11796.10 14973.40
  g) Total 9901.52 12218.86 35219.83 36176.61 50670.46
3. Profit from Operations before Other Income. Interest & Exceptional Items (1-2) 297.86 963.13 3102.86 3196.85 4316.86
4. Other Income 206.14 137.34 334.76 232.27 295.99
5. Profil before Interest & Exceptional Items (3 + 4) 504.00 1100.47 3437.62 3429.12 4612.85
6. Interest 619.86 716.17 1939.14 2015.54 2807.60
7. Profit after Interest but before Exceptional Items (5 -6) (115.86) 384.30 1498.48 1413.58 1805.25
8. Exceptional Items
-
-
2803.53
-
-
9 Profit(+)/Loss(-) before tax (7+8) (115.86) 384.30 4302.01 1413.58 1805.25
10 Tax expense          
  -Current Tax 75.00 91.54 855.00 222.70 445.00
  - Deferred Tax (660.03) 16.70 (533.22) 64.83 (174.91)
  Fringe Benefits Tax 10.00 15.00 30.00 44.50 49.00
11. Net Profit (+) / Loss (-) after tax (9 - 10) 459.17 261.06 3970.23 1081.55 1486.16
12. Extra-ordinary items (net of tax expense) - - - - -
13 Net Profit (+) / Loss (-) for the period (11 - 12) 459.17 261.06 3970.23 1081.55 1486.16
14 Paid-up Equity Share Capital (Equity Shares of Re 1/each) 784.81 784.81 784.81 784.81 784.81
15 Reserves excluding revaluation reserves as per balance sheet of previous accounting year - - - - 13520.06
16 Earnings per share (EPS) (Rs)
a) Basic & Diluted EPS before Extraordinary items for the period for the year to date and for the previous year (not to be annualized)		 0.59 0.33 5.06 1.38 1.89
  b) Basic & Diluted EPS after Extraordinary items for the period for the year to date and for the previous year (not to be annualized) 0.59 0.33 5.06 1.38 1.89
17 Public shareholding
-Number of Shares
 - - - - 34343941
  -Percentage of Shareholding - - - - 43.76%
 
SEGMENTWISE REVENUE, RESULTS AND CAPITAL EMPLOYED
UNDER CLAUSE 41 OF THE LISTING AGREEMENT
 

Sl.
No.
Particulars
3 Months ended
Coresponding 3 months ended in the previous year Year to date figures for the current period ended Year to date figures for the previous year ended Previous
accounting year
ended
31.12.2008
(Unaudited) 		31.12.2007
(Unaudited) 		31.12.2008
(Unaudited) 		31.12.2007
(Unaudited) 		31.03.2008
(Audited)
1. Segment Revenue
(Net Sale / Income from operations)		          
  a) Transmission 6991.74 7382.77 25731.07 21975.46 30473.76
  b) Metal Forming 2066.78 2523.27 8181.36 7142.00 9685.80
  c) Forging & Machining - 1863.85 - 5769.00 8121.60
  d) Others 1140.86 1412.10 4410.26 4487.00 6706.16
  Total 10199.38 13181.99 38322.69 39373.46 54967.32
  Less: Inter segment revenue - - - - -
  Net Sales/Income from operations 10199.38 13181.99 38322.69 39373.46 54967.32
2. Segment Results
(Profit / Loss before tax and interest)		          
  a) Transmission 490.01 905.41 2492.21 2654.73 3769.06
  b) Metal Forming 47.46 190.24 1086.65 659.00 1035.27
  c) Forging & Machining - (34.08) - (1.00) (333.17)
  d) Others (33.47) 38.90 (141.24) 116.39 141.69
  Total 504.00 1100.47 3437.62 3429.12 4612.85
 
Less: (i) Interest
 619.86 716.17 1939.14 2015.54 2807.60
 
(Add: (i) Unallocable income
 0.00 - 2803.53 - -
  Profit Before Tax (115.86) 384.30 4302.01 1413.58 1805.25
3. Capital Employed
(Segment Assets - Segment Liabilities)		          
  a) Transmission 13600.50 13910.00 13600.50 13910.00 14449.37
  b) Metal Forming 8948.39 8741.00 8948.39 8741.00 7346.98
  c) Forging & Machining - 11691.00 - 11691.00 12226.70
  d) Others 8280.01 4339.00 8280.01 4339.00 6011.22
  Total 30828.90 38681.00 30828.90 38681.00 40034.27
 
Notes:
1 The above results were reviewed by the Audit Committee and taken on record by the Board of Directors at its meeting held on 21.01. 2009.
2 The above results are subject to a 'Limited Review' by the Statutory Auditors of the company.
3 During the Current Quarter the Company has not received any Investors Complaints and that there were no complaints pending. both at the beginning and at the end of the quarter.
4 With effect from 01.04.2008 erstwhile Forging Division of the Company has been hivedoff vide Scheme of Demerger approved by the High Court of Madras vide its order dated 21.04.2008.
5 Exceptional Item respresents Profit on sale of Industrial Chain Division situated at D - Gudalur, Vadasandur Taluk, Dindigul.
6 Previous year figures have been regrouped / rearranged wherever necessary and the results are not comparable with the quarter ended 31.12.2008
 
 

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

COIMBATORE
(Sd/-) B.VIJAYAKUMAR
21.01.2009
 		CHAIRMAN CUM MANAGING DIRECTOR
   
 
 
   

 
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