Quarterly Results
Jai Corp Limited
STATEMENT OF UNAUDITED RESULTS
FOR THE QUARTER ENDED 30TH JUNE, 2012
 
(Rs. In Lacs, Except Per Share Date)
PART I

  Particulars Quarter Ended Year Ended
  30.06.2012 31.03.2012 30.06.2011 31.03.2012
  Unaudited Unaudited Unaudited Audited
 
1 Income from Operations        
  a) Net Sales/Income from Operations (Net of Excise Duty) 16,474 18,126 13,472 61,709
  b) Other Operating Income 14 27 11 82
  Total income from operations (net) 16,488 18,153 13,483 61,791
2 Expenses        
  a) Cost of materials consumed 10,600 10,294 9,173 39,206
  b) Purchase of stock-in-trade 1 1,681 1 2,506
  c) Changes in inventories of finished goods,work-in-progress and stock-in-trade 63 727 (342) 234
  d) Employee benefits expenses 1,332 1,322 1,132 5,032
  e) Depreciation and amortisation expenses 432 441 431 1,730
  f) Other expenses 2,467 3,121 1,697 9,206
  Total expenses 14,895 17,586 12,092 57,914
3 Profit from operations before other income, finance costs and exceptional items (1-2) 1,593 567 1,391 3,877
4 Other income 1,749 1,157 2,307 10,157
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 3,342 1,724 3,698 14,034
6 Finance costs 32 19 19 75
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 3,310 1,705 3,679 13,959
8 Exceptional Items - - - -
9 Profit from ordinary activities before tax (7-8) 3,310 1,705 3,679 13,959
10 Tax expense        
  Current Tax 932 606 990 3,855
  Deferred Tax 11 84 23 211
  Total 943 690 1,013 4,066
11 Net Profit from ordinary activities after tax (9-10) 2,367 1,015 2,666 9,893
12 Extraordinary items - - - -
13 Net Profit for the period (11-12) 2,367 1,015 2,666 9,893
14 Paid-up Equity Share Capital face value of Re.1/- each 1,785 1,785 1,785 1,785
15 Reserve excluding Revaluation Reserves as per balance sheet - - - 219,123
16 Earning per Share (in Rs.) (Face value of Re.1/- each) (Basic & Diluted) (*Not annualised) 1.33* 0.57* 1.49* 5.54
 
See accompanying notes to the financial results
 
PART II
  Particulars QUARTER ENDED YEAR ENDED
  30.06.2012 31.03.2012 30.06.2011 31.03.2012
A PARTICULARS OF SHAREHOLDING        
  Public shareholding        
  Number of shares 48,211,610 48,211,610 48,211,610 48,211,610
  Percentage of shareholding 27.01% 27.01% 27.01% 27.01%
  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 130,282,400 130,282,400 130,282,400 130,282,400
  Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100% 100%
  Percentage of shares (as a % of total share capital of the company) 72.99% 72.99% 72.99% 72.99%
  Particulars QUARTER ENDED      
    30.06.2012      
B INVESTOR COMPLAINTS        
  Pending at the beginning of the quarter 1      
  Received during the quarter 39      
  Disposed off during the quarter 36      
  Remaining unresolved at the end of the quarter 4      

Notes to the financial results:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 8th August, 2012 and approved the same for its 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 the 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. Figures in respect of the previous periods / year have been reworked / regrouped / re-arranged, wherever necessary, to make them comparable.


Date :- 08th August, 2012
Place:- Mumbai
For and on Behalf of the Board

Gaurav Jain
Managing Director

 

Jai Corp Limited
UNAUDITED SEGMENTWISE REVENUE, RESULTS AND CAPITAL FOR THE
QUARTER ENDED 30TH JUNE, 2012
 
(Rs. in Lacs)

  DESCRIPTION Quarter Ended Year Ended
  30.06.2012 31.03.2012 30.06.2011 31.03.2012
  Unaudited Unaudited Unaudited Audited
 
1 SEGMENT REVENUE        
  Steel 853 2,399 573 5,181
  Plastic Processing 14,518 14,397 11,397 50,365
  Spinning 2,294 2,387 2,258 9,883
  Total Segment Revenue 17,665 19,183 14,228 65,429
  Less: Inter Segment Revenue 11 10 6 47
  Less: Excise duty recovered 1,166 1,020 739 3,591
  Total Revenue 16,488 18,153 13,483 61,791
           
2 SEGMENT RESULTS        
  Steel 37 27 10 119
  Plastic Processing 1,980 1,224 1,507              5,739
  Spinning 125 (21) 209 118
  Total Segment Results 2,142 1,230 1,726 5,976
  Less: Finance Cost 32 19 19 75
  Add:- Other unallocable income net of 1,200   494 1,972 8,058
  unallocable expenditure        
  Total Profit before tax 3,310 1,705 3,679 13,959
           
3 CAPITAL EMPLOYED        
  Steel 1,263 930 652 930
  Plastic Processing 28,894 28,900 26,344 28,900
  Spinning 5,352 5,707 5,815 5,707
  Total Segment Capital Employed 35,509 35,537 32,811 35,537
  Add: Unallocable Corporate Assets less 187,866 185,471 243,239 185,471
  corporate Liabilities        
  Total Capital Employed 223,375 221,008 276,050 221,008

Notes to Segment Information:-

1. 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, processing and trading of CR Coils/Sheets, GP/GC Coils/Sheets and HR Coils / Plates.

b. The Plastic Processing Segment includes production of Woven Sacks/Fabric, Jumbo Bags, HDPE Twine, 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 periods/ year have been reworked / regrouped / re-arranged wherever necessary to make them comparable.


Date :- 08th August, 2012
Place:- Mumbai
For and on Behalf of the Board

Gaurav Jain
Managing Director