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  • Jai Balaji Industries Limited
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  Financial Info

  Results   Export To Excel
       
 
Quarterly Financial Statement for quarter ended -  December 31, 2009
 
  Quarter Ended Corresponding Quarter in previous year Year to date figures for current period Year to date figures for previous year Previous accounting year
  Dec 31, 2009 Dec 31, 2008 Dec 31, 2009 Dec 31, 2008 Mar 31, 2009
Net Sales  4,725.97  3,389.00  14,051.08  7,857.16  16,948.87
Other Income  3.76  79.76  77.64  150.09  284.19
Expenditure  -4,281.73  -3,986.51  -12,832.65  -7,952.92  -15,860.39
Interest  -330.22     -668.18      
Profit (+)/ Loss (-) from Ordinary Activities before Tax  117.78  -802.62  258.76  -596.67  67.04
Tax  -49.54  231.10  -93.36  154.03  -54.23
Net Profit  68.24  -571.52  165.40  -442.65  12.81
Equity Capital  637.70  471.15  637.70  471.15  471.15
Reserves  0.00  0.00  0.00  0.00  3,071.84
Depreciation  0.00  0.00  0.00  0.00  0.00
EPS  1.11  -12.13  2.71  -9.38  0.22

(in Rs. million)

 

Notes

Status of Investor Complaints for the quarter

Complaints Pending at the beginning of the quarter Nil

Complaints Received during the quarter Nil

Complaints disposed off during the quarter Nil

Complaints unresolved at the end of the quarter Nil

1. The above results have been reviewed by the Audit Committee and subsequently approved and taken on record by the Board of Directors of the Company in their respective meetings held on January 29, 2010.

2. Limited review of the Unaudited Financial Results for the quarter ended December 31, 2009 has been carried out by the statutory auditors of the Company.

3. The Company has issued 8,295,586 equity shares to Qualified institutional Buyers @ Rs 239.30 per share on October 28, 2009 under chapter VIII of the Securities Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2009.

4. The statutory auditors of the Company had qualified their report on the results for the quarter ended September 30, 2009 for non accounting of purchase aggregating to RS 2648.66 lacs, as the matter was sub-judice with Hon´ble Supreme Court. During the quarter pursuant to a settlement with the supplier, the Company has accounted for the above purchase. As a result, the raw material consumption & interest & finance charges for the quarter are higher by Rs 889.10 lacs & 179.33 lacs respectively.

5. The Company is mainly engaged in production of Iron and Steel and allied products and services. Hence, no further disclosure is required under Accounting Standard - 17.

6. Previous period figures are regrouped / restated, wherever necessary.

Aditya Jajodia
Chairman & Managing Director
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