Kandagiri Spinning Mills Limited
Regd.Office: Mill Premises, Udayapatti PO, Salem 636 140.
Unaudited Financial Results for the period ended June 30, 2008			Rs. lakhs
	Three	Corresponding	Previous
	months	three months	year ended
Particulars	ended	ended	Audited
	30.06.08	30.06.07	31.03.08
1.   Net sales/Income from operations	2275	2109	8220
2.   Other income	1	0	7
3.   Total income (1+2)	2276	2109	8227
4.   Expenditure
(i)   Increase(-)/decrease in value of stocks of
finished goods and work in progress	-121	-59	222
(ii)  Consumption of raw materials	1330	1147	4217
(iii)  Purchase of traded goods	--	--	--
(iv) Employees cost	195	196	791
(v)  Power and fuel-net	162	185	457
(vi) Other expenditure	168	236	804
(vii) Depreciation	191	139	583
(viii) Total expenditure	1925	1844	7074
5.    Interest-net	233	150	683
6.    Exceptional item - Income	--	231	231
7.    Profit from Ordinary activities before tax (3-4-5+6)	118	346	701
8.    Tax expense
(i)  Current tax	--	--	--
(ii)  Fringe benefit tax	2	2	5
(iii) Deferred tax	60	107	238
9.    Net profit from Ordinary activities after Tax (7-8)	56	237	458
10.  Extraordinary items	--	--	--
11.  Net profit for the period (9-10)	56	237	458
12.  Paid-up Equity share capital (Face value Rs.10 per share)	386	386	386
13.  Reserves excluding revaluation reserves			2006
14.  Earnings per share - Basic and diluted (not annualised) in Rs.	1.46	6.17	11.89
15.  Public shareholding
-  Number of shares	1159078	1159078	1159078
-  Percentage of shareholding	30.11	30.11	30.11
Notes
1.   The company's expansion project, involving 13,200 spindles at a cost of Rs.43 crores, has been successfully completed
during July 2008.
2.   Power cost for the year ended March 31, 2008 and for the period ended June 30, 2008 is net of income by way of
carbon credit earnings of Rs.293 lakhs and Rs.15 lakhs respectively for the company's 6.15 MW wind energy
converters, pertaining to the period March 2003 to June 2008.
3.   Exceptional item for the period ended June 30, 2007 and for the year ended March 31, 2008 represents the compensation
received, as one time settlement, for the shortfall in power generation from a supplier of wind energy converters.
4.   In view of the MAT credit entitlement under section 115JAA of the Income tax Act, 1961, no provision for current
income tax has been considered.
5.   The company is principally engaged in a single business segment viz., cotton yarn and operates in one geographical
segment as per Accounting Standard 17 on 'Segment Reporting' issued by the Institute of Chartered Accountants of India.
6.   During the quarter, no investor complaints were received, and were pending for redressal at the beginning and end
of the quarter.
7.   The above unaudited financial results reviewed by the Audit Committee, were approved by the Board of Directors at
their meeting held on July 31, 2008.  The Statutory Auditors have carried out a limited review of the above results.
for Kandagiri Spinning Mills Limited
Salem,
July 31, 2008	Chairman cum Managing Director