| SURYAJYOTI SPINNING MILLS LIMITED | |||||
| Regd.Office : Burgul Village, Farooqnagar Mandal, Mahabubnagar District. A.P. | |||||
| Corp.Office : Surya Towers, 7th Floor, 105, Sardar Patel Road, Secunderabad - 500 003 | |||||
| UNAUDITED FINANCIAL RESULTS (PROVISIONAL) | |||||
| FOR THE QUARTER ENDED 30th JUNE, 2008 | |||||
| PARTICULARS | Quarter Ended | Quarter Ended | Previous Year ended | ||
| 30.06.2008 | 30.06.2007 | 31.03.2008 | |||
| (Unaudited) | (Unaudited) | (Audited) | |||
| 1. Net Sales / Income from Operations | 5307 | 4572 | 20498 | ||
| 2. Other Income | 6 | 104 | 433 | ||
| 3. Total Income (1+2) | 5313 | 4676 | 20931 | ||
| 4. Expenditure | |||||
| a) (Increase) / Decrease in stock in trade | |||||
| and work in progress | (150) | (122) | (93) | ||
| b) Consumption of Raw Materials | 3177 | 2835 | 12635 | ||
| c) Purchase of Traded Goods | 352 | 111 | 557 | ||
| d) Power & Fuel | 412 | 372 | 1621 | ||
| e) Employees Cost | 274 | 269 | 1046 | ||
| f) Depreciation | 210 | 186 | 764 | ||
| g) Other Expenditure | 623 | 529 | 2570 | ||
| h) Total | 4898 | 4180 | 19100 | ||
| 5. Interest - Finance Charges | 239 | 142 | 776 | ||
| 6. Exceptional Items | - | - | - | ||
| 7. Profit(+)/Loss(-) from Ordinary Activities | |||||
| before Tax (3)-(4+5+6) | 176 | 354 | 1055 | ||
| 8. Provision for Tax | |||||
| a) Income Tax | 20 | 41 | 118 | ||
| b) Fringe Benefit Tax | 3 | 2 | 9 | ||
| c) Deferred Tax | - | - | 151 | ||
| 9. Net Profit(+)/Loss(-) from Ordinary Activities | |||||
| after Tax (7-8) | 153 | 311 | 777 | ||
| 10. Extraordinary Items (net of tax | |||||
| expense of Rs____________) | - | ||||
| 11. Net Profit(+)/Loss(-) for the period (9-10) | 153 | 311 | 777 | ||
| 12. Paid-up equity share capital | 1413 | 1413 | 1413 | ||
| (Face Value - Rs.10/-) | |||||
| 13. Reserves excluding Revaluation Reserves | |||||
| as per balancesheet of previous accounting year | - | - | 4581 | ||
| 14. Earning per Share (EPS) | |||||
| a. Basic and diluted EPS before Extraordinary | |||||
| items for the period, for the year to date and | |||||
| for the previous year (not to be annualized) | 1.08 | 2.20 | 5.50 | ||
| b. Basic and diluted EPS after Extraordinary | |||||
| items for the period, for the year to date and | |||||
| for the previous year (not to be annualized) | 1.08 | 2.20 | 5.50 | ||
| 15. Public Shareholding | |||||
| - Number of Shares | 8562796 | 9139204 | 8562796 | ||
| - Percentage of shareholding | 60.59% | 64.67% | 60.59% | ||
| NOTES : | |||||
| 1. The above results were reviewed by the Audit Committee and were taken on record by the Board of | |||||
| Directors at their meeting held on 31.07.2008. | |||||
| 2. | Statutory Auditors have conducted Limited Review of the above results. | ||||
| 3. The entire operations of the Company relates to one segment i.e., yarn. | |||||
| 4. The Civil Works at Kucherkal Village were completed. The main machinery arrived at the site and the erection | |||||
| is under advanced stage of completion. The production is likely to commenced in the ensuing quarter. | |||||
| 5. | MAT credit entitlement and deferred tax liability will be considered in the annual figures.. | ||||
| 6. Status of the Investor complaints as on 30.06.2008. Pending at the beginning of the Quarter - Nil, | |||||
| Received - 6, Disposed - 6, Lying unresolved at the end of the Quarter - Nil. | |||||
| 7. Previous years figures were regrouped / rearranged wherever necessary. | |||||
| 8. | The Derivative transactions are under European option and was not matured. Hence, no liability was arised and | ||||
| no provision was made. | |||||
| By Order of the Board | |||||
| for SURYAJYOTI SPINNING MILLS LIMITED | |||||
| Place: Secunderabad | R.K.AGARWAL | ||||
| Date: 31.07.2008 | Managing Director | ||||