Unaudited Financial Results (Provisional) for the Six Months Ended 30th September, 2007

 
      [Rs. In Millons]
Sl. No. Particulars SIX MONTHS ENDED Previous Accounting Year Ended (Audited)
    30.09.2007 30.09.2006 31.03.2007
         
1 Gross Sales 1264.80   990.07   2279.66  
2 Less : Excise Duty 140.19   115.15   266.14  
3 Net Sales 1124.61   874.92   2013.52  
4 Other Income 28.77   0.68   15.06  

5

 Total Expenditure            
a) (Increase)/Decrease in Stock in Trade

(14.92)

   (68.97)   (14.22)  
b) Consumption of Raw Materials 455.23   386.07   834.79  
c) Staff Cost 85.13   70.37   154.26  
d) Other Expenditure 179.08   165.84   312.21  
6 Interest 25.92   18.33   47.72  
7 Depreciation 106.90   80.04   182.30  
8 Profit Before Tax 316.04   223.92   511.52  
9 Provision for Taxation            
a) Current 100.55   50.00   105.83  
b) Deferred 10.29   28.23   67.33  
c) Fringe Benefit Tax 1.50   1.20   2.50  
d) Prior Year Taxes     (0.005)   (0.005)  
10 Net Profit 203.70   144.50   335.86  
  Add : Extra ordinary Income         22.72  
  (Reversal of Entry Tax Provision made in earlier years)            
  Net Profit after Extra Ordinary Income 203.70   144.50   358.58  
11 Paid Up Equity Share Capital 80.93   80.78   80.78  
  (Face Value of Re.1 each)            
12 Reserves excluding revaluation  reserves         1234.49  
13 Earning per Share for the period (Rs.)            
  a) Excluding Extra-Ordinary Income            
      i)  Basic 2.52  

1.79

  

4.16

  
      ii) Diluted 2.44  

1.78

  

3.96

  
  b) Including Extra-Ordinary Income            
      i)  Basic        

4.44

  
      ii) Diluted        

4.23

  
14 Public Share Holding            
   - Number of Shares 44313945  

43989959

  

43981959

  
   - Percentage of Shareholding 54.75  

54.46

  

54.45

  
 
1 The  Unaudited   Financial   Results   were   taken   on   record  by  the  Board  of Directors of the Company at their Board Meeting held on 22nd October, 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 30th June, 2007. All the 2 Complaints received during the Quarter were disposed of during the Quarter.
4 The  Statutory  Auditors of  the  Company  have carried  out a  Limited Review  of   Unaudited Financial Results for the Half Year/Quarter Ended 30th September, 2007.
5 Diluted Earning per Share has been calculated taking into consideration entire FCCB as Potential Equity Shares as per Accounting Standard 20 (AS20).
   
Coimbatore - 641 005 By Order of the Board
22.10.2007 P. SUBRAMANIAN
 

Chairman & Managing Director

 

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