Quarter Ended 30 December 2011

Our Investors
SOLITAIRE MACHINE TOOLS LIMITED
REGD OFFICE:107,ARUN CHAMBERS,TARDEO ROAD,MUMBAI-400034 
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 31st DECEMBER 2011
(Rs. in Lakhs)
Particulars 3 months
ended
3 months
ended
3 months
ended
Year to date for the current period ended Year to date for the current period ended Previous
accounting year ended    
31.12.2011 30.09.2011 31.12.2010 31.12.2011 31.12.2010 31.03.2011
unaudited unaudited unaudited unaudited unaudited Audited
Reviewed Reviewed Reviewed Reviewed Reviewed
1. (a)Net Sales/ Income from Operations 308.81 445.18 257.53 893.81 645.66 1060.94
Less: Excise duty & Sales Tax 9.67 35.17 24.07 55.88 63.53 105.97
299.14 410.01 233.46 837.93 582.13 954.97
2.Expenditure
a. Increase/(Decrease) in stock in 12.49 -10.35 -0.54 125.71 13.71 -45.51
trade and work in progress
   b. Consumption of raw materials 146.1 218.70 115.84 480.35 250.45 424.07
c. Purchase of traded goods 0.00 2.33 0.00 2.33 0.00 0.00
d. Employees cost 28.61 39.25 30.51 98.07 69.16 102.67
e. Depreciation 18.91 18.82 19.63 56.14 52.94 71.16
f. Other expenditure 81.89 51.22 38.68 172.61 106.29 159.37
g. Total 263.02 340.67 205.20 683.79 465.67 802.78
3. Profit from operation before other
income,interest and Exceptional items (1-2) 36.12 69.34 28.26 154.14 116.46 152.19
4.Other Income 5.45 3.06 2.03 11.95 4.84 7.37
5. Profit before interest and Exceptional item(3+4) 41.57 72.40 30.29 166.09 121.30 159.56
6.Interest 3.71 2.85 3.87 8.43 16.30 20.12
7. Profit after interest but before Exceptional item(5-6) 37.86 69.55 26.42 157.66 105.00 139.44
8. Exceptional items 0.00 0.00 0.00 0.00 0.00 -2.79
9. Profit (+)/ Loss (-) from Ordinary
Activities before tax (7+8) 37.86 69.55 26.42 157.66 105.00 136.65
10.Tax expense 13.72 24.43 8.65 52.15 33.56 54.65
11..Net Profit (+)/ Loss (-) from
Ordinary Activities after tax (9-10) 24.14 45.12 17.77 105.51 71.44 82.00
12.Extraordinary items (net of tax expense Rs.  ) 0.93 0.00 0.00 0.93 0.00 4.82
13.Net Profit(+)/ Loss(-) for the period (11-12) 23.21 45.12 17.77 104.58 71.44 77.18
14.Paid-up equity share capital 454.21 454.21 454.21 454.21 454.21 454.21
(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 0.53 0.99 0.39 2.32 1.57 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 0.51 0.99 0.39 2.30 1.57 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 2547934 2549267 2558906 2547934 2558906 2554366
– Percentage of shareholding 56.10 56.12 56.34 56.10 56.34 56.24
18. Promoter and Promoter group shareholding.
(a) Pledged/Encumbered
– Number of Shares NIL NIL NIL NIL NIL NIL
– Percentage of shares(as a % of the total NIL NIL NIL NIL NIL NIL
shareholding of promoter and promoter group)
– Percentage of shares(as a % of the total NIL NIL NIL NIL NIL NIL
         Share Capital of the company.
(b) Non-Encumbered
– Number of Shares 1994242 1992909 1983270 1994242 1983270 1987810
– Percentage of shares(as a % of the total 100.00 100.00 100.00 100.00 100.00 100.00
shareholding of promoter and promoter group)
– Percentage of shares(as a % of the total 43.90 43.88 43.66 43.90 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 28.01.2012
2. There were no complaints pending at the beginning of the Quarter and two complaints were received and resolved during the Quarter. There are no complaints pending at the end of Quarter.
3. The quarterly results for the Quarter ended on 31.12.2011 have been reviewed by the Auditors
4. The reduction in excise & sales tax is due to export sales & deemed export sales of Rs. 366.20 lacs(previous period 33.15 lacs)
5. 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 :January 28, 2012                      sd/-
                  Ashok  J. Sheth
                        Chairman