Audited Financial Results for the Year Ended 31st March, 2003

 
         

 [Rs. In Millions]
Sl.No

 

 Particulars 9 Months 3 Months 3 Months Year Ended Previous Year Ended
Ended Ended Ended (Audited) (Audited)
    31.12.2002  31.03.2003 31.03.2002  31.03.2003 31.03.2002
1  Net Sales 395.36   167.39   164.35   562.75   530.39  
2  Other Income 3.59   3.10   1.38   6.69   3.96  
3  Total Expenditure                                       
a) Increase (+)/Decrease(-) in Stock in Trade -11.87   -4.22   -9.38   -16.09   -9.28  
b) Consumption of Raw Materials 121.77   53.06   44.70   174.83   160.50  
c) Staff Cost 52.01   17.05   20.36   69.06   69.09  
d) Other Expenditure 93.73   42.15   37.80   135.88   119.70  
4  Interest 7.75   3.62   5.32   11.37   17.33  
5  Depreciation 42.18   16.21   15.30   58.39   57.75  
6  Profit Before Tax 69.64   34.18   32.87   103.81   100.68  
7  Provision for Tax                        
a) Current 27.50   10.90   13.00   38.40   39.20  
b) Deferred -3.22   3.46   -0.87   0.24   -2.47  
8  Net Profit 45.36   19.82   20.74   65.17   63.95  
9  Paid Up Capital 38.18   38.18   38.18   38.18   38.18  
 (Face Value of Rs.10 each)
10  Reserves excluding revaluation reserves             441.21   401.65  
11  Earnings Per Share (Basic and diluted) 1.19   0.52   0.54   1.71   1.68  
12  Non Promoter Shareholding                    
 a) No. of Shares             1856608   2014308  
 b) Percentage of Share Holding               48.63   52.76   
       

 

1 The above Financial Results were approved by the Board of Directors at their meeting held on 30th May 2003.
2 The Company has only one business segment of manufacturing Gear Products.
3 The Board of Directors have recommended 60% Dividend subject to approval of Shareholders.
     
Coimbatore - 641 005. By Order of the Board
30.05.2003 P.SUBRAMANIAN
Chairman & Managing Director

 

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