Quarterly Results
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Jai Corp Limited
STATEMENT OF UNAUDITED RESULTS
FOR THE QUARTER / HALF YEAR ENDED 30TH SEPTEMBER, 2013
(Rs. In Lacs, Except as stated)
PART I

  Particulars ( Rs. in Lacs except per share data)
  QUARTER ENDED HALF YEAR ENDED YEAR ENDED
  30.09.2013 30.06.2013 30.09.2012 30.09.2013 30.09.2012 31.03.2013
  Unaudited Unaudited Unaudited Unaudited Unaudited Audited
1 Income from Operations            
  a) Net Sales/Income from Operations (Net of Excise Duty) 17,124 14,983 16,753 32,107 33,227 63,266
  b) Other Operating Income 233 55 37 288 51 168
  Total income from operations (net) 17,357 15,038 16,790 32,395 33,278 63,434
2 Expenses            
  a) Cost of materials consumed 11,829 9,449 11,289 21,278 21,889 41,831
  b) Purchase of stock-in-trade 35 15 5 50 6 21
  c) Changes in inventories of finished goods,work-in-progress and stock-in-trade (1,011) 471 (199) (540) (136) (311)
  d) Employee benefits expenses 1,265 1,118 1,322 2,383 2,654 4,974
  e) Depreciation and amortisation expenses 459 455 476 914 908 1,802
  f) Other expenses 2,383 2,066 2,587 4,449 5,054 9,741
  Total expenses 14,960 13,574 15,480 28,534 30,375 58,058
3 Profit from operations before other income, finance costs and exceptional items (1-2) 2,397 1,464 1,310 3,861 2,903 5,376
4 Other income 1,157 1,370 1,743 2,527 3,492 5,546
5 Profit from ordinary activities before finance costs and exceptional items (3+4) 3,554 2,834 3,053 6,388 6,395 10,922
6 Finance costs 2 3 13 5 45 53
7 Profit from ordinary activities after finance costs but before exceptional items (5-6) 3,552 2,831 3,040 6,383 6,350 10,869
8 Exceptional Items - - - - - -
9 Profit from ordinary activities before tax (7-8) 3,552 2,831 3,040 6,383 6,350 10,869
10 Tax expense (Net of Deferred Tax) 1,213 858 897 2,071 1,840 3,380
11 Net Profit from ordinary activities after tax (9-10) 2,339 1,973 2,143 4,312 4,510 7,489
12 Extraordinary items - - - - - -
13 Net Profit for the period (11-12) 2,339 1,973 2,143 4,312 4,510 7,489
14 Paid-up Equity Share Capital face value of Re. 1/- each 1,785 1,785 1,785 1,785 1,785 1,785
15 Reserve excluding Revaluation Reserves as per balance sheet of previous accounting year - - - - - 2,05,158
16 Earning per Share (in Rs.) (Face value of Re.1/- each) (Basic & Diluted) (*Not annualised) 1.31 1.11 * 1.20 * 2.42 2.53 * 4.20

PART II
  Particulars QUARTER ENDED HALF YEAR ENDED YEAR ENDED
  30.09.2013 30.06.2012 30.09.2012 30.09.2013 30.09.2012 31.03.2013
A PARTICULARS OF SHAREHOLDING            
  Public shareholding            
  - Number of shares 4,82,11,610 4,82,11,610 4,82,11,610 4,82,11,610 4,82,11,610 4,82,11,610
  - Percentage of shareholding 27.01% 27.01% 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 130,282,400 130,282,400 130,282,400 130,282,400 130,282,400 130,282,400
  - Percentage of shares (as a % of total
shareholding of promoters and
promoter group)		 100% 100% 100% 100% 100% 100%
  - Percentage of shares (as a % of total
share capital of the company)		 72.99% 72.99% 72.99% 72.99% 72.99% 72.99%
B INVESTOR COMPLAINTS

QUARTER ENDED

30.09.2013 		          
  Pending at the beginning of the quarter 0          
  Received during the quarter 32          
  Disposed off during the quarter 32          
  Remaining unresolved at the end of the quarter 0          

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 October 29, 2013 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 Auditor of the Company has carried out a Limited Review of the above results in terms of Clause 41 of the Listing Agreement.

  4. Other Operating income for the quarter / half year ended  30th September, 2013 includes Rs 207/- lacs and Rs 245/- lacs  respectively towards export incentives.

  5. Figures in respect of the previous periods / year have been reworked / regrouped / re-arranged, wherever necessary, to make them comparable.


  6. STATEMENT OF ASSETS AND LIABILITIES AS AT 30TH SEPTEMBER, 2013
Particulars (Rs. in Lacs)
As At 30th September, 2013 As At 31st March, 2013
Unaudited Audited
I. EQUITY AND LIABILITIES    
1 Shareholders' Funds      
(a) Share Capital 1,868 1,868
(b) Reserve and Surplus 2,09,470 2,05,158
  2,11,338 2,07,026
2 Non-current Liabilities      
Long-term Borrowings 891 891
Deferred Tax Liability (Net) 2,231 2,247
  3,122 3,138
3 Current Liabilities      
Short-term Borrowings 73 183
Trade Payables 722 974
Other Current Liabilities 1,768 2,256
Short-term Provisions 219 450
  2,782 3,863
TOTAL 2,17,242 2,14,027
     
II ASSETS    
1 Non-Current Assets    
Fixed Assets 21,461 21,966
Non-Current Investments 1,01,033 1,01,124
Long-term Loans and Advances 40,552 40,330
Other Non Current Assets 1,181 1,126
  1,64,227 1,64,546
2 Current Assets    
Current Investments 6,069 6,415
Inventories 7,787 7,154
Trade Receivables 11,097 10,584
Cash and Bank Balances 1,903 425
Short-term Loans and Advances 25,506 24,396
Other Current Assets 653 507
  53,015 49,481
TOTAL 2,17,242 2,14,027


Date :- 29th October, 2013
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director