SURAT TEXTILE MILLS LIMITED

Regd. Office: Tulsi Krupa Arcade, 3rd Floor, Near Aai Mata Chowk, Puna-Kumbharia Road, Dumbhal, Surat 395010
CIN: L17119GJ1945PLC000214; Website: www.surattextilemillsltd.com
Tel.No.(0261) 2311197, 2311615 Fax : (0261) 2311029

PART I: Unaudited Financial Results for the Quarter and Six Months ended 30th September, 2014
Particulars

1 INCOME FROM OPERATIONS

Gross Sales/Income from operations
Less: Excise Duty on Sales
Total Income from Operations (Net)
2 EXPENSES
(a) Cost of Materials Consumed
(b) Purchases of Stock-in-Trade
(c) Changes in Inventories of Finished Goods,
Work-in-Progress and Stock-in-Trade
(d) Employee Benefits Expense
(e) Depreciation and Amortisation Expense
(f) Other expenses
Total Expenses
3 Profit/(Loss) from Operations before other income
and financial costs (1-2)
4 Other Income
5 Profit/(Loss) from ordinary activities
before finance costs (34)
6 Finance Costs
7 Profit/(Loss) from ordinary activities before tax (56)
8 Tax (expenses)/credit
- Current Tax
- Deferred Tax
9 Net Profit/(Loss) for the period (78)
10 Paid-up Equity Share Capital
(Face Value - Rs.1/- per share)
11 Reserves (excluding revaluation reserves)
12 Earnings per share (of Rs.1/- each)
Basic and Diluted (in Rs.)(not annualised)

Three Months Ended

Six Months Ended
30-09-2014 30-06-2014 30-09-2013 30-09-2014 30-09-2013
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)

(Rs. in Lacs)
Year Ended
31-03-2014
(Audited)

4,205.59
339.24
3,866.35

4,744.55
478.11
4,266.44

5,689.95
600.51
5,089.44

8,950.14
817.35
8,132.79

12,122.05
1,280.08
10,841.97

20,322.19
2,171.37
18,150.82

1,787.24
832.40

3,604.08
560.96

4,345.34
0.00

5,391.32
1,393.36

8,539.44
0.00

13,810.78
255.00

600.67
130.75
31.77
412.23
3,795.06

(1,013.10)
111.12
32.20
679.49
3,974.75

(680.09)
141.39
37.62
935.88
4,780.14

(412.43)
241.87
63.97
1,091.72
7,769.81

(313.47)
267.41
74.95
1,785.27
10,353.60

243.37
512.52
130.87
3,012.83
17,965.37

71.29
48.19

291.69
124.08

309.30
16.74

362.98
172.27

488.37
29.56

185.45
119.51

119.48
41.37
78.11

415.77
12.83
402.94

326.04
37.29
288.75

535.25
54.20
481.05

517.93
54.58
463.35

304.96
134.98
169.98

0.00
0.00
78.11
2,220.64

0.00
0.00
402.94
2,220.64

0.00
0.00
288.75
2,220.64

0.00
0.00
481.05
2,220.64

0.00
0.00
463.35
2,220.64

33.68
20.66
115.64
2,220.64

-0.04

-0.18

--

--

0.13

--

5,588.22

0.22

0.21

0.05

PART II: Select informaton for the quarter and Six Months ended 30th September, 2014
A PARTICULARS OF SHAREHOLDING
1 Public shareholding
- Number of Shares
- Percentage of shareholding
2 Promoters and Promoter Group Shareholding
a) Pledged/Encumbered
- Number of Shares
- 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 the company)
b) Non-Encumbered
- Number of Shares
- 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 the company)
B INVESTOR COMPLAINTS

Pending at the beginning of the quarter

Received during the quarter
Disposed of during the quarter
Remaining unresolved at the end of the quarter

stml_qr1415 Sep14_14

55560523
25.02

55560523
25.02

55560523
25.02

55560523
25.02

55560523
25.02

55560523
25.02

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0
0.00

0.00

0.00

0.00

0.00

0.00

0.00

166503917
100.00
74.98
Quarter
ended
30-09-2014
0
12
12
0

166503917
100.00
74.98

166503917
100.00
74.98

166503917
100.00
74.98

166503917
100.00
74.98

166503917
100.00
74.98

STATEMENT OF ASSETS AND LIABILITIES

Particulars

A EQUITY AND LIABILITIES

1 Shareholders' Funds
(a) Share Capital
(b) Reserves and Surplus
Sub-total - Shareholders' Funds
2 Non-Current Liabilities
(a) Long-Term Borrowings
(b) Other Long-Term Liabilities
(c) Long-Term Provisions
Sub-total - Non-Current Liabilities
3 Current Liabilities
(a) Short-term Borrowings
(b) Trade Payables
(c) Other Current Liabilities
(d) Short-Term Provisions
Sub-total - Current Liabilities
TOTAL - EQUITY AND LIABILITIES
B ASSETS
1 Non-Current Assets
(a) Fixed assets
(b) Non-Current Investments
(c) Deferred Tax Assets (net)
(d) Long-Term Loans and Advances
Sub-total - Non-Current Assets
2 Current Assets
(a) Inventories
(b) Trade Receivables
(c) Cash and Bank Balances
(d) Short-Term Loans and Advances
Sub-total - Current Assets
TOTAL - ASSETS

stml_qr1415 Sep14_AL

As at
30-09-2014
(Unaudited)

(Rs in Lacs)
As at
31-03-2014
(Audited)

2,220.64
6,062.17
8,282.81

2,220.64
5,588.22
7,808.86

114.36
120.83
142.02
377.21

137.27
151.76
130.23
419.26

52.62
1,787.29
445.54
1,433.69
3,719.14
12,379.16

429.64
1,313.46
614.03
1,383.29
3,740.42
11,968.54

1,983.41
1,293.54
438.66
1,266.18
4,981.79

2,043.79
1,293.54
438.66
1,267.34
5,043.33

4,556.44
2,109.27
118.35
613.31
7,397.37
12,379.16

4,809.04
1,382.63
180.87
552.67
6,925.21
11,968.54

REPORT OF SEGMENT WISE REVENUE, RESULT AND CAPITAL EMPLOYED

for the Quarter and Six Months ended 30th September, 2014
(Rs. in Lacs)
Sr.
No.
1

Particulars

Segment Revenue
a) Yarns
b) Art & Artifacts
c) Construction
Total
Less: Inter Segment Revenue
Net Sales / Income from operations
Segment Results
a) Yarns
b) Art & Artifacts
c) Construction
Total
Less: Finance costs
a) Yarns
b) Art & Artifacts
c) Construction
Total Profit/(Loss) Before Tax
Capital Employed:
(Segment Assets - Segment Liabilities)
a) Yarns
b) Art & Artifacts
c) Construction
Total Segment Capital Employed

stml_qr1415 Sep14_Seg

Year ended
Quarter ended
Six Months ended
30.09.2014 30.06.2014 30.09.2013 30.09.2014 30.09.2013 31.03.2014
(Unaudited) (Unaudited) (Unaudited) (Unaudited) (Unaudited)
Audited

3,866.35
0.00
0.00
3,866.35
0.00
3,866.35

4,254.44
0.00
12.00
4,266.44
0.00
4,266.44

5,016.44
0.00
73.00
5,089.44
0.00
5,089.44

8,120.79
0.00
12.00
8,132.79
0.00
8,132.79

10,762.97
0.00
79.00
10,841.97
0.00
10,841.97

17,997.82
0.00
153.00
18,150.82
0.00
18,150.82

119.48
0.00
0.00
119.48

405.96
0.00
9.81
415.77

266.16
0.00
59.88
326.04

525.44
0.00
9.81
535.25

453.15
0.00
64.78
517.93

179.36
0.00
125.60
304.96

41.37
0.00
0.00
78.11

12.83
0.00
0.00
402.94

37.29
0.00
0.00
288.75

54.20
0.00
0.00
481.05

54.58
0.00
0.00
463.35

134.98
0.00
0.00
169.98

5,931.83
2,303.89
47.09
8,282.81

5,864.49
2,303.89
36.41
8,204.79

6,091.14
2,048.89
16.54
8,156.57

5,931.83
2,303.89
47.09
8,282.81

6,091.14
2,048.89
16.54
8,156.57

5,455.69
2,303.89
49.28
7,808.86

Notes:
1

The figures for the corresponding previous period have been reworked /
regrouped wherever necessary, to make them comparable.

The above financial results are reviewed and recommended by the Audit
Committee and approved by the Board of Directors at its meeting held on 12th
November, 2014. The Statutory Auditors of the Company have carried out a
limited review of the Company's financial results for the quarter ended 30th
September, 2014.

The Company has adopted the useful lives of various fixed assets as specified in
Schedule II of the Companies Act, 2013, with effect from 1st April, 2014, as
against the useful lives adopted earlier as specified in Schedule XIV to the
Companies Act, 1956. Consequently, depreciation charged for the quarter ended
30th September, 2014, is higher by Rs.11.87 lacs. Further, the carrying amount
of assets as on 1st April, 2014, where the remaining useful life of the assets as
per Schedule II is nil, amounting Rs.7.01 lacs has been recognised in the
opening balance of retained earnings.

The Company does not have any Exceptional or Extraordinary item to report for
the above periods.

Provision for current tax (MAT) and deferred tax, if any, will be made at the end
of the year.

Place: Surat
Date: 12th November, 2014

stml_qr1415 Sep14_Note

For and on behalf of the Board

Sd/M. R. Momaya
Managing Director
DIN:00023993