|
Audited Financial Results for the
Year Ended 31st March, 2005 |
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[Rs. In Millons]
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Sl. No. |
Particulars |
9
Months |
3
Months |
3
Months |
Year Ended |
Previous Year |
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|
Ended |
Ended |
Ended |
(Audited) |
Ended (Audited) |
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|
31.12.2004 |
31.03.2005 |
31.03.2004 |
31.03.2005 |
31.03.2004 |
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1 |
Gross Sales |
1002.08 |
|
378.67 |
|
316.54 |
|
1380.75 |
|
975.41 |
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2 |
Less : Excise Duty |
120.57 |
|
47.70 |
|
38.42 |
|
168.27 |
|
116.97 |
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3 |
Net Sales |
881.51 |
|
330.97 |
|
278.11 |
|
1212.48 |
|
858.44 |
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4 |
Other Income |
5.67 |
|
1.28 |
|
3.79 |
|
6.94 |
|
13.05 |
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5 |
Total
Expenditure |
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a) |
(Increase)/Decrease
in Stock in Trade |
(63.95) |
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(25.64) |
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(8.51) |
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(89.59) |
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(31.11) |
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b) |
Consumption of Raw
Materials |
378.36 |
|
168.15 |
|
117.88 |
|
546.51 |
|
336.49 |
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c) |
Staff
Cost |
87.8 |
|
33.93 |
|
23.19 |
|
121.73 |
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81.73 |
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d) |
Other
Expenditure |
168.89 |
|
55.69 |
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60.09 |
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224.58 |
|
204.33 |
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6 |
Interest |
9.48 |
|
4.34 |
|
2.43 |
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13.82 |
|
6.81 |
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7 |
Depreciation |
71.03 |
|
24.73 |
|
25.40 |
|
95.76 |
|
83.12 |
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8 |
Profit Before Tax |
235.57 |
|
71.05 |
|
61.42 |
|
306.62 |
|
190.12 |
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9 |
Provision for Tax |
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a) |
Current |
85.00 |
|
20.00 |
|
11.00 |
|
105.00 |
|
51.00 |
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b) |
Deferred |
0.42 |
|
8.82 |
|
1.74 |
|
9.24 |
|
6.80 |
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c) |
Prior Year
Taxes |
0.64 |
|
0.51 |
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|
1.15 |
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10 |
Net Profit |
149.51 |
|
41.72 |
|
48.67 |
|
191.23 |
|
132.32 |
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11 |
Paid Up Capital
(Face Value of Re.1 each) |
78.04 |
|
78.04 |
|
39.02 |
|
78.0356 |
|
39.018 |
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12 |
Reserves excluding revaluation reserves |
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622.49 |
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514.77 |
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13 |
Earning Per Share (Basic and diluted) |
0.19 |
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0.05 |
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0.06 |
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0.25 |
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0.17 |
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14 |
Non Promoter
Shareholding |
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a) |
No. of
Shares |
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41359006 |
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1814176 |
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b) |
Percentage of Share
Holding |
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53.00 |
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46.50 |
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1 |
The above
Financial Results were approved by the Board of Directors at their
meeting held on 14th May 2005. |
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2 |
The Board of
Directors have recommended 50%
Dividend subject to approval of
Shareholders. |
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3 |
The Companies
Main Business is manufacture of Gears and Gear Products.There are no
separate reportable segments as per Accounting Standard 17
(AS17). |
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4 |
The Company had
no investor complaints pending as on 31st December, 2004. All the 4
Complaints received during the Quarter were disposed of during
the Quarter. |
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5 |
IIncrease in
Equity Shares is on account of Issue of Bonus Shares in the ratio
1:1. Equity Shares of Rs.10 each has been Split into Re.1 each.
Earning Per Share has been calculated as if the Bonus
Shares had been issued at the beginning of the period as per
Accounting Standard 20
(AS20). | |
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| Coimbatore - 641
005. |
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By Order of
the Board |
| 14.05.2005 |
|
P.SUBRAMANIAN |
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Chairman
& Managing Director |
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