Unaudited Financial Results (Provisional) for the Nine Months Ended 31st December, 2007

Unaudited Financial Results (Provisional) for the Nine Months Ended 31^st December, 2007

					[Rs. In Millons]
Sl. No.	Particulars		NINE MONTHS ENDED		Previous Accounting Year Ended (Audited)
			31.12.2007	31.12.2006	31.03.2007

1	Gross Sales		1986.37	1575.99	2279.66
2	Less : Excise Duty		223.19	182.66	266.14
3	Net Sales from Operations		1763.18	1393.33	2013.52
4	Other Income		33.14	2.90	15.06
5	Total Expenditure
	a)	(Increase)/Decrease in Stock in Trade and work in progress	4.27	(64.12)	(14.22)
	b)	Consumption of Raw Materials	670.06	606.77	834.79
	c)	Purchase of traded goods	-	-	-
	d)	Employees Cost	133.21	107.57	154.26
	e)	Depreciation	164.97	129.98	182.30
	f)	Other Expenditure	294.02	219.67	312.21
	g)	Total	1266.53	999.87	1469.34
6	Interest		36.73	31.00	47.72
7	Exceptional Items		-	-	-
8	Profit Before Tax from Ordinary Activities		493.06	365.36	511.52
9	Provision for Taxation (Tax expense)
	a)	Current	151.85	75.00	105.83
	b)	Deferred	17.01	42.62	67.33
	c)	Fringe Benefit Tax	2.25	2.00	2.50
	d)	Prior Year Taxes	(0.77)	(0.01)	(0.005)
10	Net Profit from Ordinary Activities		322.72	245.75	335.86
	Add : Extra ordinary Income				22.72
	(Reversal of Entry Tax Provision made in earlier years)
	Net Profit after Extra Ordinary Income		322.72	245.75	358.58
11	Paid Up Equity Share Capital		81.32	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		3.97	3.04	4.16
	ii) Diluted		3.86	3.03	3.96
	b) Including Extra-Ordinary Income
	i) Basic				4.44
	ii) Diluted				4.23
14	Public Share Holding
	- Number of Shares		44805461	43981959	43981959
	- Percentage of Shareholding		55.09	54.56	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 21st January 2008.
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 September, 2007. All the 3 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 Nine Months /Quarter Ended 31st December, 2007.
5	Diluted Earning Per Share has been calculated taking into consideration entire FCCB as Potential Equity Shares as per Accounting Standard 20 (AS20).