| Kandagiri Spinning Mills Limited |
|
| Regd.Office:
Mill Premises, Udayapatti PO, Salem 636 140 |
|
| Unaudited
financial Results for the quarter/nine months ended December 31, 2011 |
Rs. lakhs |
| Quarter ended |
|
Nine
months ended |
Year ended |
| 31.12.10 |
31.12.11 |
30.09.11 |
|
31.12.11 |
31.12.10 |
31.03.11 |
| (Unaudited) |
(Unaudited) |
(Unaudited) |
Particulars |
(Unaudited) |
(Unaudited) |
(Audited) |
| 3974 |
2527 |
3828 |
1.
Net sales/Income from operations |
9246 |
11107 |
15187 |
| 0 |
3 |
3 |
2. Other income |
14 |
10 |
18 |
| 3974 |
2530 |
3831 |
3. Total income
(1+2) |
9260 |
11117 |
15205 |
| |
|
|
4. Expenditure
excluding interest |
|
|
|
| |
|
|
(i) Increase(-)/decrease in value of stocks of |
|
|
|
| (239) |
45 |
1,021 |
finished goods and work in progress |
605 |
(340) |
(1,271) |
| 2411 |
1839 |
2622 |
(ii) Consumption of raw materials |
6777 |
6119 |
9383 |
| -- |
-- |
-- |
(iii) Purchase of traded goods |
-- |
-- |
-- |
| 364 |
226 |
325 |
(iv)
Employees cost |
888 |
994 |
1312 |
| 389 |
197 |
119 |
(v) Power and fuel-net |
595 |
850 |
1373 |
| 271 |
139 |
274 |
(vi) Other
expenditure |
666 |
792 |
1090 |
| 196 |
197 |
204 |
(vii)
Depreciation |
599 |
584 |
784 |
| 3392 |
2643 |
4565 |
(viii)
Total expenditure |
10130 |
8999 |
12671 |
| 582 |
(113) |
(734) |
5. Profit/(loss)
before interest (3-4) |
(870) |
2118 |
2534 |
| 239 |
334 |
370 |
6. Interest-net |
1075 |
824 |
1130 |
| 343 |
(447) |
(1,104) |
7. Profit/(loss)
from ordinary activities before tax (5-6) |
(1,945) |
1,294 |
1,404 |
| |
|
|
8. Tax expense |
|
|
|
| -- |
-- |
-- |
(i) Current tax |
-- |
-- |
-- |
| 130 |
(170) |
(370) |
(ii) Deferred tax - provision/(withdrawal of provision) |
(670) |
450 |
478 |
| 213 |
(277) |
(734) |
9. Net profit/(loss) from ordinary
activities after Tax (7-8) |
(1,275) |
844 |
926 |
| 386 |
386 |
386 |
10. Paid-up Equity
share capital (Face value Rs.10 per share) |
386 |
386 |
386 |
| |
|
|
11. Reserves
excluding revaluation reserves |
|
|
2792 |
| 5.52 |
(7.21) |
(19.06) |
12. Earnings per
share - Basic and diluted (not annualised) in Rs. |
(33.12) |
21.92 |
24.06 |
| |
|
|
13. Public
shareholding |
|
|
|
| 1159078 |
1156878 |
1159078 |
- Number of shares |
1156878 |
1159078 |
1159078 |
| 30.11 |
30.05 |
30.11 |
- Percentage of shareholding |
30.05 |
30.11 |
30.11 |
| |
|
|
14. Promoters and Promoter group shareholding |
|
|
|
| |
|
|
(i)
Pledged/encumbered |
|
|
|
| -- |
-- |
-- |
-
Number of shares |
-- |
-- |
-- |
| |
|
|
-
Percentage of shares (as a % of the total shareholding of |
|
|
|
| -- |
-- |
-- |
promoter and promoter
group) |
-- |
-- |
-- |
| |
|
|
-
Percentage of shares (as a % of the total sharecapital of |
|
|
|
| -- |
-- |
-- |
the company) |
-- |
-- |
-- |
| |
|
|
(ii) Non-encumbered |
|
|
|
| 2690172 |
2692372 |
2690172 |
-
Number of shares |
2692372 |
2690172 |
2690172 |
| |
|
|
-
Percentage of shares (as a % of the total shareholding of |
|
|
|
| 100.00 |
100.00 |
100.00 |
promoter and promoter
group) |
100.00 |
100.00 |
100.00 |
| |
|
|
-
Percentage of shares (as a % of the total sharecapital of |
|
|
|
| 69.89 |
69.95 |
69.89 |
the company) |
69.95 |
69.89 |
69.89 |
| |
|
|
|
|
|
|
| Notes: |
|
|
|
|
|
|
| 1. The reduction in the
loss for the quarter ended December 31, 2011 was mainly due to reduction in
cotton price coupled with marginal |
| improvement in yarn
sales realisation. Further the
proactive decision of the management to cut down production operation to
two |
| shifts resulted in
savings in cost of operation. |
| 2. Since there were no
exceptional/exordinary items, the same have not been reflected in the above
results. |
| 3. The company is
principally engaged in a single business segment viz., cotton yarn and
operates in a single geographical segment. |
| 4. During the quarter
ended December 31, 2011, no investor complaints were received nor pending for
redressal at the beginning |
| and end of the
said quarter. |
| 5. The above financial
results reviewed by the Audit Committee, were approved by the Board of
Directors at their meeting held on |
| February 1,
2012. Statutory Auditors have carried
out a limited review of the above results. |
| |
|
|
|
On behalf
of the Board of Directors |
| |
|
|
|
-- Sd -- |
| Place : Salem |
|
|
R.
Selvarajan |
| Dated: February
1, 2012 |
|
Chairman
and Managing Director |
|
|
|
|
|
|
|