UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2009
(Rs. in Lakhs)
Sr. No.	Particulars	Quarter Ended		Year Ended
		30th June 2009 (Unaudited)	30th June 2008 (Unaudited)	31st March 2009 (Audited)
1	a) Net Sales/Income from Operations	1969.36	3237.52	11613.23
	b) Other Operating Income	107.5	216.29	694.01
	Total Income	2076.86	3453.81	12307.24
2	Expenditure
	a) Consumption of Raw  Materials	187.1	204.38	762.61
	b) Employees Cost	589.88	633.28	2550.01
	c) Heat, Light & Power	331.39	276.58	1,234.48
	d) Depreciation	311.49	268.22	1,109.35
	e) Other Expenditure	628.92	834.33	3,860.99
	Total Expenditure	2048.78	2216.79	9,517.44
3	Profit from Operations before Other Income, Interest and Exceptional Items [1-2]	28.08	1237.02	2789.8
4	Other Income	111.22	38.63	373.75
5	Profit before Interest and Exceptional Items [3+4]	139.3	1275.65	3163.55
6	Interest	887.47	442.35	2329.36
7	'Profit/(Loss) after Interest but before Exceptional Items [5-6]	-748.17	833.3	834.19
8	Add/(Less): Exceptional items (See Note 4 below)	-	(-535.63)	(-17.89)
9	Profit/(Loss) from Ordinary Activities before Tax (7+8)	-748.17	297.67	816.30
10	Less:Tax Expense:
	a) Current Tax	-	(128.00)	(104.00)
	b) Deferred Tax	186.99	(25.85)	(385.12)
	c) Fringe Benefit Tax	-	(6.00)	(28.80)
	d) Wealth Tax	( 2.00)	-	(8.00)
	e) MAT Credit Entitlement	-	-	104.00
11	Net Profit/(Loss) from Ordinary Activities after Tax [9-10]	(-563.18)	137.82	394.38
12	Less:
	(a) Extraordinary items (Net of tax expense)	-	-	(171.71)
13	Net Profit/(Loss) for the period [11-12]	(-563.18)	137.82	566.09
14	Paid-up equity Share Capital (Face value of Equity Share Rs.10/- each)	1378.59	1,378.59	1,378.59
15	Reserves Excluding Revaluation Reserves as per balance sheet of previous accounting year	-	-	14,996.02
16	Earnings Per Share (EPS)
	Basic & Diluted EPS (Rs):
	a) Before Extraordinary items
	Basic	(4.27)	1.04	2.99
	Diluted	(3.37)	0.82	2.36
	b) After extraordinary items
	Basic	(4.27)	1.04	4.29
	Diluted	(3.37)	0.82	3.38
17	Public shareholdings: -Number of Shares -Percentage of Shareholding	3560197 26.98	3560197 26.98	3560197 26.98
18	Promoters and promoters group shareholding a) Pledged/Encumbered -Number of shares, -Percentage of shares (as a % of the total share holding of promoter and promoter group) -Percentage of shares (as a % of the total share capital of the Company)	52,00,490 56.04% 40.92%	-	52,47,750 54.45% 39.76%
	b) Non Encumbered -Number of shares, -Percentage of shares (as a % of the total share holding of promoter and promoter group) -Percentage of shares (as a % of the total share capital of the Company)	42,36,708 43.96% 32.10%	-	43,89,448 45.55% 33.26%
Notes:
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE, 2009 The above results have been reviewed by the Audit Committee and were approved by the Board of Directors at its meeting held on 25th July, 2009 and have been subjected to limited review by the statutory auditors. The Company is operating only in Hospitality Services Segment. The Financial results of the quarter were adversely affected due to general downturn of the economy and terror attack on 26th November, 2008 in Mumbai. The Company has opted in F.Y. 2008-09 to account the exchange differences arising on reporting of long term foreign currency monetary items as per Government Notification dated 31st March, 2009 on Accounting Standard 11(AS-11). The quarter resulted into a foreign exchange gain of Rs. 577.62 lakhs which has been reduced from the cost of related depreciable assets and adjusted to Foreign Currency Monetary Items Translation Difference Account (FCMITD Account). The Company has amortized Rs. 2.26 lakhs in the quarter ended 30th June, 2009 included in other expenditure and balance unamortized amount of Rs. 15.85 lakhs in the “FCMITD Account” has been carried forward as per Notification. Exceptional item in the quarter ended 30th June 2008 was in respect of foreign exchange fluctuation loss which was subsequently reversed in the quarter ended 31st March, 2009 in accordance with Government Notification referred to above. There were no unresolved investors’ complaints at the beginning of the quarter. Further, during the quarter ended 30th June, 2009, the Company received 4 investor complaints. All the complaints have been suitably disposed off and no unresolved complaint is pending as on 30th June, 2009. The Company has increased its stake in B W Highway Star Private Limited which holds two hotels at Balewadi, Pune to 75% on 21st May, 2009. Consequently, the said Company has become subsidiary of the Company. Benefits arising out of Duty Free Scrips, utilised for the acquisition of fixed assets are, with effect from 1st April, 2009, being adjusted against the cost of the related asset, as against the practice hitherto followed of recognizing the same as income. Consequent upon the change, miscellaneous income for the quarter is lowered by Rs. 22.82 lakhs, with a corresponding deduction in the value of fixed assets, as also reduction in the depreciation thereon. Previous quarter and financial year figures have been regrouped / rearranged, wherever necessary.   For and on behalf of the Board Kamat Hotels (India) Limited Place: Mumbai Date: 25th July, 2009 Vithal V. Kamat (Executive Chairman & Managing Director)