Quarterly Results
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Jai Corp Limited
UNAUDITED FINANCIAL RESULTS
FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2011
(Rs. In Lacs, Except as stated)

  Particulars Standalone
  Unaudited Unaudited Audited
  Quarter Ended Nine Month Ended Year Ended
  31.12.2011 30.09.2011 31.12.2010 31.12.2011 31.12.2010 31.03.2011
1 a) Net Sales/Income from Operations 15,198 14,957 11,282 43,638 33,240 48,322
   b) Other Operating Income 325 364 82 813 239 260
   Total Income 15,523 15,321 11,364 44,451 33,479 48,582
2 EXPENDITURE               
   a) (Increase)/decrease in Stock in trade and work in process (379) 229 (739) (493) (1,547) (1,788)
   b) Consumption of Raw Materials 9,646 10,093 7,922 28,912 22,763 31,180
   c) Purchase of Traded Goods 816 8 6 825 19 2,364
   d) Employees Cost 1,294 1,284 990 3,710 2,814 3,960
   e) Depreciation 421 437 418 1,289 1,265 1,690
   f) Other Expenditure 2,275 2,087 1,599 6,050 4,683 6,659
   Total 14,073 14,138 10,196 40,293 29,997 44,065
3 Profit from operations before Other Income, Interest & Exceptional Items (1-2) 1,450 1,183 1,168 4,158 3,482 4,517
4 Other Income 3,197 2,807 1,913 8,187 6,014 7,332
5 Profit before Interest & Exceptional Item (3+4) 4,647 3,990 3,081 12,345 9,496 11,849
6 Interest 32 31 43 91 144 180
7 Profit after interest but before Exceptional Items (5-6) 4,615 3,959 3,038 12,254 9,352 11,669
8 Exceptional Items - - - - - -
9 Profit from Ordinary Activities before tax (7+8) 4,615 3,959 3,038 12,254 9,352 11,669
10 Tax Expenses               
   Current Tax 1,349 910 612 3,249 1,741 2,492
   Deferred Tax 20 84 27 127 9 (37)
   Total 1,369 994 639 3,376 1,750 2,455
11 Net profit from Ordinary Activities Profit after tax (9-10) 3,246 2,965 2,399 8,878 7,602 9,214
12 Extraordinary Items - - - - - -
13 Net Profit for the period (11-12) 3,246 2,965 2,399 8,878 7,602 9,214
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 Reserves excluding Revaluation Reserves as per Balance sheet of Previous Accounting Year - - - - - 2,71,448
16 Earning per Shares (in ) (Face value of Re.1/- each) (Basic & Diluted) (*Not annualised) 1.82* 1.66 * 1.34 * 4.97 * 4.26* 5.18
17 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%
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 13,02,82,400 13,02,82,400 13,02,82,400 13,02,82,400 13,02,82,400 13,02,82,400
   - Percentage of shares (as a % of total shareholding of promoters and promoter group) 100% 100% 100% 100.00% 100.00% 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%

Notes:-

  1. The above results were reviewed by the Audit Committee, taken on record by the Board at its meeting held on 13th February, 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. During the quarter 50,00,100, 1% Non-Cumultive, Non-Participating Redeemable Preference Shares ('Preference Shares') were redeemed. As approved by the members,the remaining 99,99,900 Preference Shares were rolled over for a period of two years with an option for early redemption.

  5. 1 investor complaint was pending as on 1st October , 2011, 76 complaints were received during the quarter, 75 complaints were disposed of during the quarter and 2 complaints remained unresolved as on 31st December, 2011.

  6.  The figures for the previous / corresponding periods have been reworked / regrouped / rearranged, wherever necessary, to make them comparable.
Unaudited Segment Wise Revenue, Results and Capital Employed
For the quater and nine month ended 31st December, 2011
  DESCRIPTION Standalone
  Unaudited Unaudited Audited
  Quarter Ended Nine Month Ended Year Ended
  31.12.2011 30.09.2011 31.12.2010 31.12.2011 31.12.2010 31.03.2011
1 SEGMENT REVENUE                  
   Steel 1,556 653 428 2,782 2,441 5,603
   Plastic Processing 12,328 12,243 9,638 35,968 26,865 37,663
   Spinning 2,339 2,899 1,942 7,496 5,966 8,077
   Total Segment Revenue 16,223 15,795 12,008 46,246 35,272 51,343
   Less: Inter Segment Revenue 14 17 16 37 34 34
   Less: Excise duty recovered 1,011 821 710 2,571 1,998 2,987
   Total Revenue 15,198 14,957 11,282 43,638 33,240 48,322
2 SEGMENT RESULTS                  
   Steel 81 3 (74) 96 (11) (39)
   Plastic Processing 1,483 1,541 1,224 4,538 3,476 4,572
   Spinning 67 (136) 198 141 574 749
   Total Segment Results 1,631 1,408 1,348 4,775 4,039 5,282
   Less: Interest & Finance Charges 32 31 43 91 144 180
   Add:- Other unallocable income net of 3,016 2,582 1,733 7,570 5,457 6,567
   unallocable expenditure                  
   Total Profit before tax 4,615 3,959 3,038 12,254 9,352 11,669
3 CAPITAL EMPLOYED                  
   Steel 922 1,210 313 922 313 491
   Plastic Processing 28,129 28,243 26,380 28,129 26,380 26,994
   Spinning 5,975 5,961 4,574 5,975 4,574 5,620
   Total Segment Capital Employed 35,026 35,414 31,267 35,206 31,267 33,105
   Add: Unallocable Corporate Assets less 1,85,242 2,43,602 2,40,789 1,85,242 2,40,789 2,40,278
   corporate Liabilities                  
   Total Capital Employed 2,20,268 2,79,016 2,72,056 2,20,268 2,72,056 2,73,383

Notes :

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. The figures for the previous / corresponding periods have been reworked / regrouped / rearranged, wherever necessary, to make them comparable.


Date :- 13th February, 2012
Place:- Mumbai		 For and on Behalf of the Board

Gaurav Jain
Managing Director