AUDITED FINANCIAL RESULTS FOR THE YEAR ENDED MARCH, 2008

(RS. IN LACS)
  Particulars
STANDALONE
Year
Ended On
31.03.2008		 Previous Year
Ended On
31.03.2007
Audited Audited
CONSOLIDATED
Year
Ended On
31.03.2008		 Previous
Year Ended
On 31.03.2007
Audited Audited
1 NET SALES/INCOME FROM
OPERATIONS		 12932.90 11249.13 12932.90 11249.13
2 OTHER INCOME -15.09 137.00 -15.09 137.00
3 TOTAL INCOME (1+2) 12917.81 11386.13 12917.81 11386.13
4 EXPENDITURE        
  INCREASE/DECREASE IN STOCK IN TRADE AND WORK IN PROGRESS -33.40 -653.96 -33.40 -653.96
  CONSUMPTION OF RAW MATERIALS 9843.14 9191.13 9843.14 9191.13
  EMPLOYEES COST 101.56 74.41 101.59 74.49
  DEPRECIATION 387.06 360.82 387.06 360.82
  OTHER EXPENDITURE 1686.93 1545.88 1686.97 1556.68
  TOTAL 11985.29 10518.28 11985.36 10529.16
5 INTEREST 408.99 360.63 408.99 360.63
6 EXCEPTIONAL ITEMS 0.00 0.00 0.00 0.00
7 Profit (+) / Loss (-) from Ordinary Activities before tax (3) – (4+5+6)
 523.53 507.22 523.46 496.34
8 TAX EXPENSE 156.41 156.98 156.41 156.98
9 Net Profit (+) / Loss (-) from Ordinary Activities after tax (7-8)
 367.12 350.24 367.05 339.36
10 EXTRAORDINARY ITEMS 0.00 13.77 0.00 13.77
11 NET PROFIT (+) / LOSS (-) FOR THE PERIOD (9-10) 367.12 336.47 367.05 325.59
12 PAID-UP EQUITY SHARE CAPITAL
( FACE VALUE OF RS. 10/- PER SHARE)		 2012.30 1739.93 2012.30 1739.93
13 RESERVES EXCLUDING REVALUATION RESERVES AS PER BALANCE SHEET PREVIOUS ACCOUNTING YEAR 911.71 538.94 884.47 511.77
14 EARNING PER SHARE (EPS)        
  BASIC AND DILUTED EPS BEFORE EXTRAORDINARY ITEMS FOR THE PERIOD, FOR THE YEAR TO DATE AND FOR THE PREVIOUS YEAR (NOT TO BE ANNUALIZED) 1.82 2.01 1.82 1.95
  BASIC AND DILUTED EPS AFTER EXTRAORDINARY ITEMS FOR THE PERIOD, FOR THE YEAR TO DATE AND FOR THE PREVIOUS YEAR (NOT TO BE ANNUALIZED) 1.82 1.93 1.82 1.87
15 PUBLIC SHAREHOLDING        
  NUMBER OF SHARES 14835152 12461290 14835152 12461290
  PERCENTAGE OF SHAREHOLDING 73.72 71.62 73.72 71.62
 
NOTES
1
THE ABOVE RESULTS HAVE BEEN TAKEN ON RECORD AT THE MEETING OF THE BOARD OF DIRECTORS OF THE COMPANY HELD ON 30TH JUNE, 2008.
2
AS PER ACCOUNTING STANDARD 17 , THE REQUIREMENT OF SEGMENT REPORTING IS NOT APPLICABLE TO THE COMPANY BOTH IN RESPECT OF GEOGRAPHICAL SEGMENT AND PRODUCT SEGMENT .
3
109 COMPLAINTS WERE RECEIVED AND RESOLVED DURING THE YEAR . THERE WAS NIL BALANCE OF COMPLAINT AT THE BEGINNING AND END OF THE YEAR.
4 CRISIL HAS AWARDED SME 2 (HIGH) RATING TO COMPANY.
5
FIGURES OF PREVIOUS YEAR AND PREVIOUS QUARTER HAVE BEEN RE-GROUPED WHERE NECESSARY.
6
THE COMPANY HAS ENVISAGED BACKWARD INTEGRATION CUM EXPANSION PROGRAMME FOR PRODUCING 1,00,000 T. P. A. POY AND PET CHIPS HAVING PROJECT COST OF RS.125.00 CRORES. THE COMPANY IS GOING FOR RIGHT ISSUE TO PART FINANCE THE SAME. RIGHT ISSUE OF EQUITY SHARES WILL OFFERED IN RATIO OF 1:1
7
PART OF THE IMPORTED MACHINERIES HAS BEEN ARRIVED AT FACTORY SITE AND L/C. FOR OTHER MAIN PLANT & MACHINERIES HAS BEEN OPENED AND IN PROCESS OF SHIPMENT.
FOR SUMEET INDUSTRIES LIMITED
PLACE : SURAT
DATE : JUNE 30, 2008		 SHANKARLAL SOMANI
CHAIRMAN