Unaudited Financial Results (Provisional) for the Six Months Ended 30th September, 2009

Unaudited Financial Results (Provisional) for the Six Months Ended 30^th September, 2009

							[Rs. In Millons]
Sl. No.	Particulars				SIX MONTHS ENDED		Previous Accounting Year Ended (Audited)
					30.09.2009	30.09.2008	31.03.2009
1	(a) Net Sales / Income from Operations				652.54	1258.77	2524.84
	(b) Other Operating Income				1.21	1.04	5.81
	Total (a + b)				653.75	1259.81	2530.65
2	Total Expenditure
	A)	(Increase)/Decrease in Stock in Trade & WIP			75.59	(45.54)	(94.62)
	B)	Consumption of Raw Materials			142.67	490.16	979.04
	C)	Purchase of Traded Goods			-	-	-
	D)	Employees Cost			75.6	109.06	211.57
	E) Depreciation				135.44	123.77	257.72
	F) Other Expenditure				92.97	208.34	386.09
	G) Total				522.28	885.78	1739.80
3	Profit from Operations before Other Income, Interest & Exceptional Items (1-2)				131.47	374.02	790.85
4	Other Income				19.18	3.81	6.77
5	Profit before Interest & Exceptional Items (3+4)				150.65	377.83	797.63
6	Interest				14.31	16.57	86.25
7	Profit after Interest but before Exceptional Items (5-6)				136.34	361.26	711.38
8	Exceptional Items				-	-	23.31
9	Profit from Ordinary Activities before Tax (7+8)				136.34	361.26	688.07
10	Tax Expenses				45.15	127.77	247.46
11	Net Profit from Ordinary Activities after tax (9-10)				91.19	233.49	440.61
12	Extra ordinary Income				-	-	-
13	Net Profit for the period (11-12)				91.19	233.49	440.61
14	Paid Up Equity Share Capital (Face Value of Re.1 each)				81.72	81.72	81.72
15	Reserves Excluding Revaluation Reserves as per Balance Sheet of previous accounting year						1941.15
16	Earning Per Share (EPS) - Rs.
	a)	Basic EPS before Extra ordinary items for the period, for the year to date and for the previous year (not annualised)			1.12	2.86	5.39
	b)	Diluted EPS before Extra ordinary items for the period, for the year to date and for the previous year (not annualised)			1.12	2.72	5.39
	c)	Basic EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised)			1.12	2.86	5.39
	d)	Diluted EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised)			1.12	2.72	5.39
17	Public Share Holding
	- Number of Shares				45192562	45195674	45192562
	- Percentage of Shareholding				55.30%	55.31%	55.30%
18	Promoters and Promoter group Shareholding
	a)	Pledged / Encumbered
		-		Number of Shares	NIL	NIL	NIL
		-		Percentage of Shares (as a % of the total shareholding of promoter and promoter group	NIL	NIL	NIL
		-		Percentage of Shares ( as a % of the total share capital of the company	NIL	NIL	NIL
	b)		Non-Encumbered
			-	Number of Shares	36523291	36520179	36523291
			-	Percentage of Shares (as a % of the total shareholding of promoter and promoter group)	100%	100%	100%
			-	Percentage of Shares (as a % of the total share capital of the company)	44.70%	44.69%	44.70%

1	The above Unaudited Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their Board meeting held on 31^st October 2009.
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 30^th June, 2009. 1 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 Half Year/Quarter Ended 30^th September, 2009.
5	Other income includes Exchange gain of Rs.164.50 lacs determined as per Accounting Standard 11 (AS11) issued by the Institute of Chartered Accountants of India.
6	The Measures taken by the Company to revamp, restructure the entire operational and organisational structure and scaling down of plant operations has resulted in decrease in turnover.


Coimbatore - 641 005	By Order of the Board
31.10.2009	P. SUBRAMANIAN
	Chairman & Managing Director

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