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Quaterly Results (DEC'2014)

Investors

UNAUDITED FINANCIAL RESULTS  FOR THE QUARTER/NINE MONTHS ENDED DEC'2014
            (Rs. In lacs.)
PARTICULARS QUARTER ENDED NINE MONTHS ENDED YEAR ENDED
  UNAUDITED
31.12.14		 UNAUDITED
30.09.14		 UNAUDITED
31.12.13		 UNAUDITED
31.12.14		 UNAUDITED
31.12.13		 AUDITED
31.03.14
INCOME FROM OPERATIONS 6620.81 9401.09 10578.29 33837.52 45237.08 56979.97
TOTAL INCOME FROM OPERATIONS 6620.81 9401.09 10578.29 33837.52 45237.08 56979.97
EXPENDITURE            
COST OF MATERIALS CONSUMED 5202.31 6757.58 8223.32 18645.14 29566.67 38560.03
CHANGE IN INVENTORIES F.G./W.I.P 47.03 722.65 -609.94 9849.65 7462.32 7289.27
EMPLOYEES BENEFIT EXPENSES 959.88 991.74 1115.30 2991.85 3310.88 4512.57
DEPRECIATION/AMORTISATION 924.76 1164.67 671.58 2773.26 1942.89 2626.44
OTHER EXPENDITURE 3877.70 1565.46 2212.62 7073.05 7594.17 10029.91
TOTAL EXPENDITURE 11011.68 11202.10 11612.88 41332.95 49876.93 63018.22
PROFIT FROM OPERATIONS -4390.87 -1801.01 -1034.59 -7495.43 -4639.85 -6038.25
OTHER INCOME 221.08 268.48 231.80 765.98 654.20 1280.11
PROFIT BERORE FINANCE COST -4169.79 -1532.53 -802.79 -6729.45 -3985.65 -4758.14
FINANCE COST 765.53 898.34 2896.77 2729.71 8052.61 7675.57
PROFIT BEFORE TAX -4935.32 -2430.87 -3699.56 -9459.16 -12038.26 -12433.71
PROVISION FOR TAX 0.00 0.00 0.00 0.00 0.00 0.00
MAT CREDIT ENTITLEMENT 0.00 0.00 0.00 0.00 0.00 0.00
PROVISION FOR DEFFERED TAX 0.00 0.00 0.00 0.00 0.00 (877.38)
NET PROFIT -4935.32 -2430.87 -3699.56 -9459.16 -12038.26 -11556.33
PAID UP EQUITY SHARE CAPITAL Rs. 2/- 1006.94 1006.94 923.57 1006.94 923.57 1006.94
RESERVE EXCLUDING REVALUATION RESERVES           7743.16
EARNING PER SHARE RS. 2/- EACH            
BASIC -9.80 -4.83 -8.01 -18.79 -26.07 -24.49
DILUTED  -9.11 -4.49 -8.01 -17.46 -26.07 -23.94
             
A)Public Shareholding            
No. of Shares 24074249 24074249 24074249 24074249 24074249 24074249
% of shareholding 47.82 47.82 52.13 47.82 52.13 47.82
Promoters & Promoters group Shareholding             
a) Pledged/ encumberered            
- No. of Shares 22104121 22104121 22104121 22104121 22104121 22104121
-% of shares (as a % of the total shareholding of             
  promoter & promoter group 84.13 84.13 100 84.13 100 84.13
  - % of shares( as a % of the total share capital of  the Co. 43.90 43.90 47.87 43.9 47.87 43.90
b) Non- Encumbered            
- No. of Shares 4168571 4168571 nil 4168571 nil 4168571
-% of shares (as a % of the total shareholding of             
  promoter & promoter group 15.87 15.87 nil 15.87 nil 15.87
 % of shares(as a % of the total share capital of Co. 8.28 8.28 nil 8.28 nil 8.28
Particulars Qtr ended           
B) INVESTOR COMPLAINTS 31.12.14          
Pending at the beginning of the Quarter nil          
Received during the quarter 3          
Disposed of during the quarter 3          
Remaining unresolved at the end of the quarter nil          
Notes:-
1 : During the quarter Some banks have not charged interest due to sub standard account on cash credit,Working Capital Term Loan and Funded Interest Term Loan accounts.The accrued liability on account of the same amounting to Rs. 2238.82 lacs has not been provided in books of accounts.
2 : The useful life of fixed assets have been revised in accordance with schedule II of the company Act 2013. with effect from 01.04.14. Due to this theDepreciation for the Quarter ended 31.12.14 is higher by Rs. 236.76 lacs. Depreciation on Fixed assets whose useful life is already exhausted as on 01.04.14 amounting to Rs. 541.49 lacs (Net of Deferred tax Rs. 127.47lacs) have been adjusted in General Reserve.
3 : Previous period figures have been re-grouped/Re-arranged where ever necessary.
4 : The above results have been taken into record by the Audit Committee and Board of Directors of the company in their respective meetings held on 13th Feb.2015.
For Ind Swift Ltd
Date:13-02-2015
Place: Chandigarh S.R.Mehta
Chairman


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