Quarterly Results
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Jai Corp Limited
UNAUDITED STANDALONE FINANCIAL RESULTS
FOR THE QUARTER ENDED 30th JUNE, 2009
(Rs. In Lacs Except Per Share Data)
S.No Particulars Quarter Ended 30.06.2009 Quarter Ended
30.06.2008		 Year Ended 31.03.2009
    Unaudited Unaudited Audited
1 a) Net Sales/Income from Operations
10,509
10,145
37,541
  b) Other Operating Income
280
424
1,044
  Total Income 10,789 10,569 38,585
2 EXPENDITURE
  
  
  
  a) (Increase)/decrease in Stock in trade and work in process
641
28
118
  b) Consumption of Raw Materials
7,152
5,047
19,108
  c) Purchase of Traded Goods
-
2,215
6,570
  d) Employees' Cost
612
582
2,323
  e) Depreciation
382
398
1,532
  f) Other Expenditure
1,151
1,287
4,476
  Total
9,938
9,557
34,127
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2)
851
1,012
4,458
4 Other Income
511
1,577
182
5 Profit before Interest & Exceptional Item (3+4) 1,362 2,589 4,640
6 Interest 69 111 464
7 Profit after interest but before Exceptional Items (5-6)
1,293
2,478
4,176
8 Exceptional Items
-  
-  
-  
9 Profit from Ordinary Activities before tax (7+8) 1,293 2,478 4,176
10 Tax Expenses      
  Current Tax
352
292
1,147
  MAT Credit
-
-
-
  Fringe Benefit Tax
-
2
16
  Deferred Tax
28
84
266
  Income Tax of earlier year - - (77)
  Total 380 378 1,352
11 Net profit from Ordinary Activities Profit after tax (9-10) 913 2,100 2,824
12 Extraordinary Items - - -
13 Net Profit for the period (11-12) 913 2,100 2,824
14 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785 1,785
15 Reserves excluding Revaluation Reserves as per Balance sheet of previous accounting year - - 256,661
16 Earning per Shares (in Rupees) (Face value of Re 1/- each) (Basic & Diluted) (*Not annualised) 0.51* 1.18* 1.58
17 Public Shareholding      
  - Number of Shares 4,82,11,610 4,90,16,610 4,82,11,610
  - Percentage of Shareholding 27.01% 27.46% 27.01%
18 Promoters and promoter group Shareholding      
  a) Pledged/Encumbered      
  - Number of shares - - -
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) - - -
  - Percentage of shares (as a % of total share capital of the company) - - -
  b) Non-Encumbered      
  - Number of shares 130,282,400 129,477,400 130,282,400
  - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100%
  - Percentage of shares (as a % of total share capital of the company) 72.99% 72.54% 72.99%

Notes:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 30th July,2009 and approved the same for release.

  2. The Financial Results are in accordance with the recognition and measurement principles laid down in Accounting Standard (AS)-25 "Interim Financial Reporting" as notified in Companies (Accounting Standards) Rules, 2006.

  3. The Statutory Auditors of the Company have carried out a Limited Review of the above results in terms of Clause 41 of the Listing Agreement.

  4. During the quarter the Company's unit located at Dabhel, Daman has commenced production and subsequent to the quarter, manufacturing activities at the Company's SEZ unit located at Pithampur, Indore has also started.

  5. As the Fringe Benefit Tax is proposed to be abolished in the Finance Bill, 2009(2), no provision thereof has been made for the quarter ended 30th June 2009.

  6. There were 12 investor complaints pending as on 1 st April , 2009, 70 complaints were received from investors during the last quarter and 69 complaints were resolved during the quarter, 13 investor complaints were pending as on 30th June, 2009.

  7. 'Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.
Place : Mumbai
Dated : 30th July, 2009.		 For and on Behalf of the Board

Gaurav Jain
Managing Director

JAI CORP LTD
SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED
FOR THE QUARTER ENDED 30th JUNE, 2008
( Rs. In Lacs )
S.No Describtion Quarter Ended 30.06.2008 Corresponding Quarter Ended 30.06.2007 Previous Accounting Year Ended 31.03.2008
    Unaudited Unaudited Audited
1 SEGMENT REVENUE
  
  
  
  Steel
3,873
2,457
7,665
  Plastic Processing
6,102
6,835
26,328
  Spinning
1,195
1,334
5,513
  Total Segment Revenue
11,170
10,626
39,506
  Less: Inter Segment Revenue
12
-
-
  Less: Excise duty recovered on sales
649
481
1,965
  Total Revenue
10,509
10,145
37,541
2 SEGMENT RESULTS
  
  
  
  Steel
282
95
649
  Plastic Processing
798
1,253
4,613
  Spinning
(120)
(65)
(269)
  Total Segment Results
960
1,283
4,993
  Less: Interest & Finance Charges
69
111
464
  Add:- Other unallocable Expenditure net off
402
1,306
(353)
  unallocable expenditure
  Total Profit before tax
1,293
2,478
4,176
3 CAPITAL EMPLOYED
  
  
  
  Steel
6,179
1,739
7,026
  Plastic Processing
21,985
23,452
21,727
  Spinning
2,728
2,666
2,806
  Total Segment Capital Employed
30,892
27,857
31,559
  Add: Unallocable Corporate Assets less
228,615
230,371
227,037
  Corporate Liabilities
  
  
  
  Total Capital Employed
259,507
258,228
258,596

NOTES:-

As per Accounting Standard (AS)-17 on "Segment Reporting", as notified in Companies (Accounting Standards) Rules, 2006, the Company has reported "Segment Information" , as described below:-

a) The Steel Segment includes production and marketing operation of CR Coils/Sheets, GP/GC Coils/Sheets, HR Coils/Plates, Melting Scrap, Iron Spong and Structural Steel.

b) The Plastic Processing Segment includes production of Woven Sacks/Fabric, Jumbo Bags, Master Batch, Staple Fibres and Geotextiles.

c) The Spinning Segment includes production of Spun Yarn..

d) Capital Employed on other Investments/Assets and Income from the same are considered under "Un-allocable".

e) Figures in respect of the previous period/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.

Place : Mumbai
Dated : 30th July, 2009		 For and on Behalf of the Board

Gaurav Jain
Managing Director