First Quarter Results 2011 – 2012

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First Quarter Results 2011 – 2012

SOLITAIRE MACHINE TOOLS LIMITED
REGD OFFICE:107,ARUN CHAMBERS,TARDEO ROAD,MUMBAI-400034 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2011
(Rs. in Lakhs)
Particulars 3 months 3 months Previous 
ended ended accounting
year ended
30.06.2011 30.06.2010 31.03.2011
unaudited unaudited Audited
Reviewed Reviewed
1. (a)Net Sales/ Income from Operations 139.82 156.40 1060.94
        Less: Excise duty & Sales Tax 11.04 16.72 105.97
128.78 139.68 954.97
2.Expenditure
   a. Increase/(Decrease) in stock in 123.57 15.87 -45.51
       trade and work in progress
   b. Consumption of raw materials 115.55 62.28 424.07
   c. Employees cost 30.21 17.09 102.67
   d. Depreciation 18.41 17.26 71.16
   e. Other expenditure 39.50 31.19 159.37
   f. Total 80.10 111.95 802.78
3. Profit from operation before other
    income,interest and Exceptional items (1-2) 48.68 27.73 152.19
4.Other Income 3.44 1.26 7.37
5. Profit before interest and Exceptional item(3+4) 52.12 28.99 159.56
6.Interest 1.87 7.21 20.12
7. Profit after interest but before Exceptional item(5-6) 50.25 21.78 139.44
8.Exceptional items 0.00 0.00 -2.79
9.Profit (+)/ Loss (-) from Ordinary
  Activities before tax (7+8) 50.25 21.78 136.65
10.Tax expense 13.16 6.51 54.65
11..Net Profit (+)/ Loss (-) from
  Ordinary Activities after tax (9-10) 37.09 15.27 82.00
12.Extraordinary items (net of tax expense Rs.  ) 0.00 0.00 4.82
13.Net Profit(+)/ Loss(-) for the period (11-12) 37.09 15.27 77.18
14.Paid-up equity share capital 454.21 454.21 454.21
   (Face value Rs. 10/- per share)
15.Reserves excluding Revaluation  –  – 476.92
    Reserves as per Balance Sheet
16. Earnings Per Share
   a) Basic and diluted EPS before Extraordinary items 0.82 0.34 1.81
      for the period, for the year to date and for the
      previous year (not to be annualized)
   b) Basic and diluted EPS after Extraordinary items 0.82 0.34 1.70
      for the period, for the year to date and for the
      previous year (not to be annualized)
17. Public shareholding
   – Number of shares 2554366 2559281 2554366
  – Percentage of shareholding 56.16 56.34 56.24
18. Promoter and Promoter group shareholding.
     (a) Pledged/Encumbered
       – Number of Shares NIL NIL NIL
       – Percentage of shares(as a % of the total NIL NIL NIL
         shareholding of promoter and promoter group)
       – Percentage of shares(as a % of the total NIL NIL NIL
         Share Capital of the company.
     (b) Non-Encumbered
       – Number of Shares 1991460 1982895.00 1987810
       – Percentage of shares(as a % of the total 100.00 100.00 100.00
         shareholding of promoter and promoter group)
       – Percentage of shares(as a % of the total 43.84 43.66 43.76
         Share Capital of the company.
Note :
1. The above results were reviewed by the Audit Committee and taken on record by Board of Directors at their
meeting held on 30.07.2011
2. There were no complaints pending at the beginning of the Quarter and no complaints were received during the Quarter. There are no complaints pending at the end of Quarter.
3. The quarterly results for the Quarter ended on 30.06.2011 have been reviewed by the Auditors
4. Segment reporting as defined in Accounting Standard 17 is not applicable.
By order of the Board of Directors
Place : Mumbai For Solitaire Machine Tools Ltd.
Date : July 30, 2011                      sd/-
                  Ashok  J. Sheth