Unaudited Financial Results (Provisional) for the Three Months Ended 30th July, 2006

Unaudited Financial Results (Provisional) for the Three Months Ended 30^th June, 2007

					[Rs. In Millons]
Sl. No.	Particulars		THREE MONTHS ENDED		Previous Accounting Year Ended (Audited)
			30.06.2007	30.06.2006	31.03.2007

1	Gross Sales		598.88	459.62	2279.66
2	Less : Excise Duty		67.92	55.25	266.14
3	Net Sales		530.96	404.37	2013.52
4	Other Income		26.83	0.19	15.06
5	Total Expenditure
	a)	(Increase)/Decrease in Stock in Trade	(3.60)	(32.72)	(14.22)
	b)	Consumption of Raw Materials	219.11	171.83	834.79
	c)	Staff Cost	41.15	34.41	154.26
	d)	Other Expenditure	89.43	85.55	312.21
6	Interest		13.15	7.09	47.72
7	Depreciation		52.94	37.83	182.30
8	Profit Before Tax		145.61	100.57	511.52
9	Provision for Taxation
	a)	Current	47.81	26.00	105.83
	b)	Deferred	(1.62)	(1.79)	67.33
	c)	Fringe Benefit Tax	0.75	0.75	2.50
	d)	Excess Provision for Taxes for earlier years		(0.005)	(0.005)
10	Net Profit		98.67	75.60	335.86
	Add : Extra ordinary Income				22.72
	(Reversal of Entry Tax Provision made in earlier years)
	Net Profit after Extra Ordinary Income		98.67	75.60	358.58
11	Paid Up Equity Share Capital		80.78	80.78	80.78
	(Face Value of Re.1 each)
12	Reserves excluding revaluation reserves				1234.49
13	Earning per Share
	a) Excluding Extra-Ordinary Income
	i) Basic		1.22	0.94	4.16
	ii) Diluted		1.15	0.94	3.96
	b) Including Extra-Ordinary Income
	i) Basic				4.44
	ii) Diluted				4.23

1	The Unaudited Financial Results were taken on record by the Board of Directors of the Company at their Board Meeting held on 16^th July, 2007.
2	The Companies Main Business is manufacture of Gears and Gear Products. There are no separate reportable segments as per Accounting Standard 17 (AS17).
3	The Company had no investor complaints pending as on 31^st March, 2007. 1 (One) Complaint received during the Quarter was disposed of during the Quarter.
4	The Statutory Auditors of the Company have carried out a Limited Review of Unaudited Financial Results for the Quarter Ended 30^th June, 2007.
5	Diluted Earning per Share has been calculated taking into consideration entire FCCB as Potential Equity Shares as per Accounting Standard 20 (AS20).