UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
30-09-2010
(Rs. in Lacs) 
Particulars QUARTER ENDED HALF YEAR ENDED YEAR ENDED
(Audited)
  30.09.2010 30.09.2009 30.09.2010 30.09.2009 31.03.2010
1. Net Sales /
Income from
Operations		 4061.85 3237.66 11188.78 6254.53 19736.92
2. Expenditure          
a. Increase/ Decrease in Stock in Trade -1016.20 -786.37 1479.33 -115.21 -2655.90
b. Consumption of Raw Materials 3512.42 1948.40 4850.00 2085.98 10990.70
c. Employees Cost 493.68 488.57 979.13 844.90 1940.83
d. Depreciation /Amortisation 432.81 364.40 861.33 726.04 1452.30
e. Other Expenditure 796.47 874.00 2393.41 2032.08 4397.02
f. Total 4219.18 2889.00 10563.20 5573.79 16124.95
3. Profit from Operations before other Income, Interest & Exceptional Items (1-2) -157.33 348.66 625.58 680.74 3611.97
4. Other Income 67.94 12.87 75.39 17.38 559.07
5. Profit before Interest & Exceptional Items (3+4) -89.39 361.53 700.97 698.12 4171.04
6. Interest 658.20 652.15 1239.29 1283.45 2482.70
7. Profit/(-)Loss after Interest but before Exceptional items -747.59 -290.62 -538.32 -585.33 1688.34
8. Exceptional Items - Prior Year Adjustments - - - - -
9. Profit (+)/Loss(-) from Ordinary Activities before tax (7-8) -747.59 -290.62 -538.32 -585.33 1688.34
10. Tax Expenses -241.09 - -167.23 0.29 535.35
11. Net Profit (+)/Loss (-) from Ordinary Activities after tax (9-10) -506.50 -290.62 -371.09 -585.62 1152.99
12. Extraordinary Items (Net of Tax Expenses) - - - - -
13. Net Profit (+)/Loss (-) for the period (11-12) -506.50 -290.62 -371.09 -585.62 1152.99
14.a. Paid up Equity Share Capital (Face Value Rs.10/-) 2445.43 1834.07 2445.43 1834.07 1834.07
b. Preference Share Capital 1970.00 1970.00 1970.00 1970.00 1970.00
15.Reserves excluding revaluation reserves as per Balance Sheet of the previous accounting year. - - - - -
16. Earnings Per Share (EPS) (Rs.)          
a. Basic & Diluted EPS before Extraordinary items for the period,for the year to date & for the previous year -2.19 -1.74 -1.75 -3.50 5.67
b. Basic & Diluted EPS after Extraordinary items for the period,for the year to date & for the previous year -2.19 -1.74 -1.75 -3.50 5.67
17. Public Shareholding          
a. No.of Shares 6168075 4625546 6168075 4625546 4625546
b. % of Share holding 25.22% 25.22% 25.22% 25.22% 25.22%
18. Promoters & Promoter Group Shareholding - - - - -
a. Pledged / Encumbered          
Number of Shares 2038828 2038828 2038828 2038828 2038828
Percentage of Shares ( as a percent of the total Shareholding of Promoter & Promoter Group) 11.15% 14.86% 11.15% 14.86% 14.87%
Percentage of Shares ( as a percent of the total Share Capital of the Company) 8.34% 11.12% 8.34% 11.12% 11.12%
b. Non - Encumbered          
Number of Shares 16247425 11680188 16247425 11680188 11676372
Percentage of Shares ( as a percent of the total Shareholding of Promoter & Promoter Group) 88.85% 85.14% 88.85% 85.14% 85.13%
Percentage of Shares ( as a percent of the total Share Capital of the Company) 66.44% 63.68% 66.44% 63.68% 63.66%
 
 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
30-09-2010
(Rs. in Lacs) 
Particulars QUARTER ENDED HALF YEAR ENDED YEAR ENDED
(Audited)
  30.09.2010 30.09.2009 30.09.2010 30.09.2009 31.03.2010
1. Segment Revenue
(Net Sales/ Income from Operations)		          
a. Sugar 3715.30 2837.15 7971.42 3580.37 14636.90
b. Distillery 783.98 318.09 2119.86 961.48 3417.68
c. Power 1016.38 293.99 2991.79 2198.33 3100.13
Total 5515.66 3449.23 13083.07 6740.18 21154.71
Less Intersegment Revenue 1453.81 211.57 1894.29 485.65 1417.79
Net Sales / Income from Operations 4061.85 3237.66 11188.78 6254.53 19736.92
2. Segment Results
(Profit (+) / Loss (-) before Tax and Interest) 		         
a. Sugar 66.78 307.87 103.59 -245.59 2775.84
b. Distillery 0.29 151.95 271.38 331.30 1135.48
c. Power -223.83 -109.89 251.26 596.46 209.46
Total -156.75 349.93 626.24 682.17 4120.78
Less i) Interest 658.20 652.15 1239.29 1283.45 2482.70
ii) Other Un-allocable expenditure          
iii)Un-allocable Income -67.37 -11.61 -74.74 -15.96 -50.27
Total Profit Before Tax -747.59 -290.62 -538.32 -585.33 1688.34
3. Capital Employed          
a. Sugar 23931.28 23631.48 23931.28 23631.48 24089.79
b. Distillery 3389.92 3163.39 3389.92 3163.39 3630.98
c. Power 11603.65 12576.50 11603.65 12576.50 12207.59
 
SUMMARY OF ASSETS AND LIABILITIES AS AT
30-09-2010
(Rs. in Lacs) 
Particulars HALF YEAR ENDED YEAR ENDED
  30.09.2010 30.09.2009 31.03.2010
SHAREHOLDER'S FUNDS:      
a. Capital 4415.43 3804.07 3804.07
b. Reserves and Surplus 11712.14 11463.74 12888.50
c. Deferred Tax Liability 829.73 475.71 1003.33
LOAN FUNDS:      
a. Secured Loans 21612.20 23898.74 21981.06
b. Unsecured Loans 2809.96 2524.29 2771.92
Total 41379.46 42166.55 42448.88
NET FIXED ASSETS 30435.18 29747.48 31021.89
INVESTMENTS 456.53 443.57 456.53
CURRENT ASSETS, LOANS & ADVANCES      
a. Inventories 3110.49 2027.07 4420.37
b. Sundry Debtors 821.96 1162.62 724.36
c. Cash and Bank Balances 1028.80 282.21 852.46
d. Other Current Assets 3620.25 4126.50 3686.15
e. Loans and Advances 10645.23 9399.85 9242.04
Less: Current Liabilities and Provisions      
a. Liabilities 8121.97 4645.83 7313.02
b. Provisions 616.99 376.92 641.90
NET CURRENT ASSETS 10487.77 11975.50 10970.46
Total 41379.48 42166.55 42448.88
 
Note:
  1. Quarterly results cannot be taken as factual indicators of full year's working results due to seasonal nature of Sugar industry.
  2. Number of Investors complaints received:
    1. Opening as on 01.07.2010 - NIL,
    2. Received during the Quarter - 1,
    3. Disposed off during the Quarter - 1,
    4. Lying unresolved as on 30.09.2010 - NIL
  3. The above financial results were reviewed by the Audit Committee held on 9th November 2010 & taken on record at the Board Meeting held on 10th November 2010 .
  4. The limited review by the Statutory Auditors for the quarter as required by under clause 41 of the listing agreement has been completed.


Place : Coimbatore
Date : 10th November 2009


For SRI CHAMUNDESWARI SUGARS LIMITED
Managing Director