| TAYO ROLLS LIMITED | ||||||||||||
| (formerly TATA-YODOGAWA LIMITED) | ||||||||||||
| Regd. Office : XLRI New Administrative Building, C.H.Area(E), Jamshedpur-831001. | ||||||||||||
| INDIA'S LEADING ROLL MANUFACTURER | ||||||||||||
| UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2009 | ||||||||||||
| (Rs. in Lakhs) | ||||||||||||
| Quarter | Quarter | Nine | Nine | Previous | ||||||||
| ended | ended | months | months year | |||||||||
| ended | ended | ended | ||||||||||
| Srl | Particulars | 31.12.2009 | 31.12.2008 | 31.12.2009 | 31.12.2008 | 31.03.2009 | ||||||
| (1) | (2) | (3) | (4) | (5) | (6) | (7) | ||||||
| (Unaudited) | (Audited) | (Unaudited) | (Audited) | (Audited) | ||||||||
| 1 | (a)Net Sales/Income from Operations | 3337 | 2796 | 8763 | 13414 | 16485 | ||||||
| (b)Other Operating Income | 142 | 28 | 318 | 409 | 487 | |||||||
| Total Income | 3479 | 2824 | 9081 | 13823 | 16972 | |||||||
| 2 | Expenditure | |||||||||||
| a) Increase/decrease in stock in trade and work in progress | 276 | 228 | 176 | -22 | 242 | |||||||
| b) Consumption of raw materials | 1913 | 1594 | 4991 | 8303 | 9853 | |||||||
| c) Purchase of semi-finished products | 0 | 468 | 185 | 911 | 1192 | |||||||
| d) Consumption of Stores | 313 | 218 | 730 | 883 | 1029 | |||||||
| e) Employees Cost | 592 | 728 | 1774 | 1891 | 2719 | |||||||
| f) Depeciation | 99 | 90 | 298 | 268 | 354 | |||||||
| g) Power & Fuel | 607 | 448 | 1480 | 1544 | 1960 | |||||||
| h) Other Expenditure | 268 | 220 | 854 | 956 | 1254 | |||||||
| i) Expenditure transferred to capital and other accounts | -575 | -90 | -991 | -209 | -397 | |||||||
| j)Total Expenditure | 3493 | 3904 | 9497 | 14525 | 18206 | |||||||
| 3 | Profit(+)/Loss(-) from Operations before Other Income, Interest and Exceptional items(1-2) | -14 | -1080 | -416 | -702 | -1234 | ||||||
| 4 | Other Income | 0 | 28 | 19 | 43 | 72 | ||||||
| 5 | Profit(+)/Loss(-)before Interest and Exceptional Items(3+4) | -14 | -1052 | -397 | -659 | -1162 | ||||||
| 6 | Interest | 113 | 154 | 320 | 418 | 538 | ||||||
| 7 | Profit(+)/Loss(-) after Interest but before Exceptional Items(5-6) | -127 | -1206 | -717 | -1077 | -1700 | ||||||
| 8 | Exceptional items - | |||||||||||
| i) Employee Separation Compensation | -38 | -44 | -121 | -122 | -185 | |||||||
| ii)Gain from forward cover contracts | -8 | 54 | 45 | |||||||||
| 9 | Profit(+)/Loss(-) from ordinary activities before Tax(7+8) | -165 | -1258 | -838 | -1145 | -1840 | ||||||
| 10 | Tax Expenses | |||||||||||
| - Current Tax | 0 | -47 | 0 | 0 | ||||||||
| - Reversal of Provision of Previous Year | 0 | 0 | 0 | 0 | ||||||||
| - Deferred Tax | 0 | -175 | 0 | -192 | -191 | |||||||
| -Fringe Benefit Tax | 0 | 7 | 0 | 20 | 25 | |||||||
| 11 | Net Profit(+)/Loss(-) for the period(9-10) | -165 | -1043 | -838 | -973 | -1674 | ||||||
| 12 | Paid-up Equity Share Capital | 1026 | 1026 | 1026 | 1026 | 1026 | ||||||
| (Face Value of Rs.10/- each) | ||||||||||||
| 13 | Reserves excluding Revaluation Reserve as per Balance | 7960 | ||||||||||
| Sheet of previous accounting year | ||||||||||||
| 14 | Earning per share (EPS) | |||||||||||
| Basic and diluted EPS for the period,for the year to date | -1.59 | -14.76 | -8.17 | -16.21 | -23.68 | |||||||
| and for the previous year. | ||||||||||||
| 15 | Public Shareholding | |||||||||||
| a)Number of Shares | 2,748,518 | 2,748,518 | 2,748,518 | 2,748,518 | 2,748,518 | |||||||
| b)Percentage of Shareholding | 26.79 | 26.79 | 26.79 | 26.79 | 26.79 | |||||||
| 16 | Promoter and promoter group shareholding | |||||||||||
| a)Pledged/Encumbered | NIL | NIL | NIL | NIL | NIL | |||||||
| -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 share capital | ||||||||||||
| of company) | ||||||||||||
| b)Non-encumbered | ||||||||||||
| -Number of Shares | 7512417 | 7512417 | 7512417 | 7512417 | 7512417 | |||||||
| -Percentage of shares(as a % of the total shareholding of | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |||||||
| promoter and promoter group) | ||||||||||||
| -Percentage of shares(as a % of the total share capital | 73.21 | 73.21 | 73.21 | 73.21 | 73.21 | |||||||
| of the Company) | ||||||||||||
| SEGMENT-WISE REVENUE,RESULTS AND CAPITAL EMPLOYED-DECEMBER, 2009 | ||||||||||||
| 1 | Segment Revenue | |||||||||||
| a) Roll operations | 2302 | 2366 | 6057 | 9582 | 11867 | |||||||
| b) Pig Iron Operations | 1348 | 604 | 3399 | 4774 | 5772 | |||||||
| c) Others | 24 | 108 | 44 | 272 | 226 | |||||||
| Total | 3674 | 3078 | 9500 | 14628 | 17865 | |||||||
| Less: Inter segment Rrevenue | 195 | 226 | 419 | 762 | 893 | |||||||
| Net sale/income from operations | 3479 | 2852 | 9081 | 13866 | 16972 | |||||||
| 2 | Segment Results(Profit(+)/Loss(-) before | |||||||||||
| tax and interest from each segment | ||||||||||||
| a) Roll operations | -118 | -379 | -332 | -229 | -515 | |||||||
| b) Pig Iron Operations | 104 | -714 | -31 | -449 | -660 | |||||||
| c) Others | 0 | 13 | -53 | -24 | -59 | |||||||
| Total | -14 | -1080 | -416 | -702 | -1234 | |||||||
| Less: | ||||||||||||
| I) Interest | 113 | 154 | 320 | 418 | 538 | |||||||
| II) Other unallocable expenditure | ||||||||||||
| net of unallocable income | 0 | -29 | -19 | -43 | -72 | |||||||
| iii) Exceptional items (net) | 38 | 53 | 121 | 68 | 140 | |||||||
| Total Profit Before Tax | -165 | -1258 | -838 | -1145 | -1840 | |||||||
| 3 | Capital Employed | |||||||||||
| (Segment assets-Segment liabilitaies) | ||||||||||||
| a) Roll operations | 3985 | 4456 | 3985 | 4456 | 6757 | |||||||
| b) Pig Iron Operations | 1513 | 904 | 1513 | 904 | 1381 | |||||||
| c) Others | 52 | 134 | 52 | 134 | 121 | |||||||
| d)Unallocable Assets (Net) | 14422 | 13125 | 14422 | 13125 | 9383 | |||||||
| Total | 19972 | 18619 | 19972 | 18619 | 17642 | |||||||
| Notes : | ||||||||||||
| 1) | Figures of corresponding period re-grouped where necessary. | |||||||||||
| 2) | The Engineering Forgings and Forged Roll Plant were inaugrated on 07.01.2010, Hot trial of Forgings and Forged Rolls are in progress. | |||||||||||
| 3) | Total number of investor complaints pending at the beginning of the quarter: NIL; Received and Disposed of during the quarter :NIL; and pending at the end of the quarter: NIL . | |||||||||||
| 4) | The Financial results were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meetings held on 29.01.2010.The Statutory Auditors have carried out Limited Review of the Results for the quarter and nine months ended 31st December,2009. | |||||||||||
| Place : Kolkata | (P.C.Srivastava) | |||||||||||
| Date : 29.01.2010 | Managing Director | |||||||||||
| A TΛTΛ Enterprise | ||||||||||||