FINANCILA RESULT


TAYO ROLLS LIMITED
(formerly TATA-YODOGAWA LIMITED)
Regd. Office : XLRI New Administrative Building, C.H.Area(E), Jamshedpur-831001.

INDIA'S LEADING ROLL MANUFACTURER

AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED 31ST MARCH, 2011

					(Rs. in Lakhs)
		Quarter	Quarter	Year	Previous
		ended	ended	ended	Year ended
		31.03.2011	31.03.2010	31.03.2011	31.03.2010
Srl	Particulars	(Audited)	(Audited)	(Audited)	(Audited)
(1)	(2)	(3)	(4)	(5)	(6)
		(Audited)	(Audited)	(Audited)	(Audited)
1	(a)Net Sales/Income from Operations	3,197	3,947	12,816	12,710
	(b)Other Operating Income	78	209	525	527
	Total Income	3,275	4,156	13,341	13,237
2	Expenditure
	a) Increase/decrease in stock in trade and work in progress	533	583	100	734
	b) Consumption of raw materials	1,240	2,010	7,713	7,001
	c) Purchase of semi finished products	0	0	0	185
	d) Consumption of Stores	400	355	1,612	1,085
	e) Employees Cost	814	642	3,008	2,537
	f) Depreciation	198	98	562	396
	g) Power and Fuel	798	627	3,212	2,107
	h) Other Expenditure	508	577	1,704[1]	1,456
	i) Expenditure transferred to Capital and other accounts	-16	-548	-2,442	-1,539
	Total Expenditure	4,475	4,344	15,469	13,962
3	Profit from Operations before Other Income, Interest and Exceptional items	-1200	-188	-2128	-725
4	Other Income	0	0	36	19
5	Profit before Interest and Exceptional Items	-1,200	-188	-2,092	-706
6	Interest(Net)	321	127	952	447
7	Profit after Interest but before Exceptional Items	-1,521	-315	-3,044	-1,153
8	Expectional items -
	a)Gain from forward cover contracts	0	0	0	0
9	Profit(+)/Loss(-) from ordinary activities before Tax	-1,521	-315	-3,044	-1,153
10	Tax Expenses
	- Current Tax	0	0	0	0
	- Reversal of Provision of Previous Year	0	0	0	0
	- Deferred Tax(Benefit)	0	0	0	0
	-Fringe Benefit Tax	0	0	0	0
11	Net Profit(+)/Loss(-) from Ordinary Activities after Tax	-1,521	-315	-3,044	-1,153
12	Extraordinary Items (net of tax Expenses)	-	-	-	-
13	Net Profit(+)/Loss(-) for the period	-1,521	-315	-3,044	-1,153
14	Paid-up Equity Share Capital	1,026	1,026	1,026	1,026
	(Face Value of Rs.10/- each)
15	Reserves excluding Revaluation Reserve as per Balance
	Sheet of previous accounting year				6,807
16	Earning per share (EPS)
	Basic and diluted EPS for the period,
	for the year to date and for the previous year	-14.82	-3.07	-29.67	-11.24

17	Public Shareholding
	a)Number of Shares	2,748,518	2,748,518	2,748,518	2,748,518
	b)Percentage of Shareholding	26.79	26.79	26.79	26.79
18	Promoter and promoter group shareholding
	a)Pledged/Encumbered
	-Number of Shares	nil	nil	nil	nil
	-Percentage of shares (as a % of the total shareholding
	of promoter and promoter group)
	-Percentage of shares (as a % of the total share capital
	of company)
	b)Non-encumbered
	-Number of Shares	7,512,417	7,512,417	7,512,417	7512417
	-Percentage of shares(as a % of the total shareholding of
	and promoter group)	100	100	100	100
	-Percentage of shares(as a % of the total share capital
	of the Company)	73.21	73.21	73.21	73.21

	SEGMENT-WISE REVENUE,RESULTS AND CAPITAL EMPLOYED-MARCH, 2011
					Rs. in lakhs
1	Segment Revenue
	a) Roll operations	2874	2724	10496	8781
	b) Pig Iron Operations	37	1583	2681	4982
	c) Ingot operations	600	0	600	0
	d) Others	-231	99	125	143
	Total	3280	4406	13902	13906
	Less: Inter segment Rrevenue	6	250	526	669
	Net sale/income from operations	3274	4156	13376	13237

2	Segment Results
	Profit Before tax and interest

	a) Roll operations	-469	-333	-1117	-665
	b) Pig Iron Operations	-226	59	-457	28
	c) Ingot Operation	-559	-	-559	-
	d) Engineering Forgings	-	-	-	-
	e) Others	67	136	90	83
	Total	-1187	-138	-2043	-554

	Less:
	I) Interest	321	127	952	447
	II) Other unallocable expenditure
	net of unallocable income	13	50	49	152
	iii) Exceptional items (net)	0	0	0	0
	Total Profit Before Tax	-1521	-315	-3044	-1,153

3	Capital Employed
	(Segment assets-Segment liabilitaies)

	a) Roll operations	9546	4412	9546	4412
	b) Pig Iron Operations	540	-297	540	-297
	c)Ingot operations	3332	0	3332	0
	d)Engineering Forgings	5960	237	5960	237
	e)Unallocable Assets (Net)	2080	15470	2080	15470
	Total	21458	19822	21458	19822



	Disclosure of Assets and Liabilities as per Clause 41 (1)(ea) of the listing Agreement for the year ended 31.3.2011

	Particulars		Year ended	Year ended
			31.3.2011	31.03.2010
			(audited)	(audited)
	Shareholders' Fund
	(a) Capital		1026.13	1026.13
	(b) Reserve and Surplus		5540.05	6,806.68
	Sub Total (a to b)		6566.18	7,832.81
	Loan Fund		16670.19	11,988.94
	Deferred Tax Adjustment (Net)			-
	Total		23,236.37	19,821.75
	Fixed Assets		21,458.17	19,029.55
	Investments		32.14	32.14
	Current Assets, Loan and Advances
	(a) Inventories		3,775.15	4,034.74
	(b) Sundry Debtors		3,009.63	2,689.79
	( c) Cash and Bank Balances		364.47	331.74
	(d) Other Current Assets		-	-
	(e) Loan and Advances		1,140.53	866.02
	Sub Total (a to e)		8,289.78	7,922.29
	Less: Current Liabilities and Provisions
	(a) Liabilities		6,594.96	5,724.53
	(b) Provisions		1,726.44	1,437.70
	Sub Total (a to b)		8,321.40	7,162.23
	Net Current Assets		(31.62)	760.06
	Miscellaneous Expenditure		-	-
	(to the extent not written off or adjusted)
	Profit and Loss Account (Debit Balance)		1,777.68	-
	Total		23,236.37	19,821.75


	Notes:

	a)Figures of corresponding period re-grouped where necessary.
	b)The commercial production of Forge Shop/Induction Hardening Shop has commenced from 30.3.2011.
	c)Total number of investor complaints pending at the beigning of the quarter: Nil;Received and disposed of during the quarter:Nil; and pending at the end of the quarter: Nil
	d)The financial results were reviewed by the Audit Committee and approved and taken on record by the Board of Directors at their respective meeting held on 25-04-2011






Date : 25.4.2011				Om Narayan
Place : Kolkata				Managing Director
A TΛTΛ Enterprise

[1]

sursain:
Rounded off :+1