UNAUDITED FINANCIAL RESULTS FOR THE FIRST QUARTER ENDED JUNE 30, 2010
Rs. in Lakhs
SI.
No
Particulars
3 months ended
30/06/2010 30/06/2009
Year ended on
31/03/2010 Audited
1 Gross Sales/Income from operations 8842 8277 33752
  Less: Excise Duty 877 650 2666
  (a) Net Sales/Income from operations 7965 7627 31086
  (b) Other Operating Income 178 216 687
  Total Income 8143 7843 31773
2

Expenditure

     
  (Increase)/Decrease in Stock in trade and work in progress (299) (97) (404)
  Consumption of Raw Materials 4373 3912 16077
  Purchase of traded goods 1896 1728 7369
  Employee cost 417 444 1752
  Depreciation 137 139 583
  Other Expenditure 1096 1027 4040
  Total Expenditure 7620 7153 29417
3 Profit from Operations before Other Income,   - -
  Interest and Exceptional Items (1-2) 523 690 2356
4 Other Income 37 41 159
5 Profit before Interest and Exceptional Items (3+4) 560 731 2515
6 Interest 5 6 11
7 Profit after Interest but before Exceptional Items (5-6) 555 725 2504
8 Exceptional Items - - -
9 Profit from Ordinary Activities before tax(7+8) 555 725 2504
10 Tax Expense 179 247 852
11 Net Profit from ordinary activities after tax (9-10) 376 478 1652
12 Extraordinary Items (net of tax Expenses Rs……..) - - -
13 Net Profit for the period (11-12) 376 478 1652
14 Paid Up Equity Share Capital (Face value-Rs.10/-) 375 375 375
15 Reserves excluding Revaluation Reserve as per balance sheet of previous accounting year - - 13139
16 Earning Per Share (EPS)
( Basic and diluted EPS before/after Extraordinary items for the period, for the year to date and for the previous year (not to be annualized)
10.03 12.75 44.05
17 Public Shareholding      
  - Number of shares 941080 941080 941080
  - Percentage of share holding 25.01 25.01 25.01
18 Promoters and promoter group Shareholding     
  a.Pledged/Encumbered      
  - Number of shares 746434 746434 746434
  - Percentage of shares(as a % of the total shareholding of promoter and promoter group) 26.57 26.57 26.57
         
  - Percentage of shares(as a % of the total share capital of the company) 19.90 19.90 19.90
  b.Non-encumbered      
  - Number of shares 2062486 2062486 2062486
  - Percentage of shares(as a % of the total shareholding of promoter and promoter group) 73.4373.43 73.43
  - Percentage of shares(as a % of the total share capital of the company) 55.00 55.00 55.00
  Notes:
 
1. The Company's main business is manufacture and sale of dry cell batteries. All other activities of the Company are incidental to the main business. As such, there are no separate reportable segments, as per the Accounting Standard on Segment Reporting (AS 17).
2. Provision for taxation is net of deferred tax Asset Rs.1 Lakhs.
3. In terms of amended clause 41 of the listing agreement, details of number of investor complaints for the quarter ended June 30, 2010: beginning - nil, received - 8, disposed off - 8 and pending - nil.
4. The above Unaudited Financial Results have been taken on record by the Board of Directors at its meeting held on July 23, 2010. 'Limited Review' of the Results has been carried out by Statutory Auditors.
  Chennai - 34
July 23, 2010
IS0 9001 and ISO 14001 Certified Company
for Nippo Batteries Co. Ltd

MR.P. Dwarakanath Reddy
Managing Director