Audited Financial Results for the Year Ended 31st March 2006

Audited Financial Results for the Year Ended 31st March, 2006

						[Rs. In Millons]
Sl. No.	Particulars		9 Months	3 Months	3 Months	Year Ended	Previous Year
			Ended	Ended	Ended	(Audited)	Ended (Audited)
			31.12.2005	31.03.2006	31.03.2005	31.03.2006	31.03.2005
1	Gross Sales		1296.38	546.17	379.60	1842.55	1385.40
2	Less : Excise Duty		156.94	62.71	47.70	219.65	168.27
3	Net Sales		1139.44	483.46	331.90	1622.90	1217.13
4	Other Income		1.60	0.05	0.34	1.65	2.29
5	Total Income		1141.04	483.51	332.24	1624.55	1219.42
6	Total Expenditure
	a)	(Increase)/Decrease in Stock in Trade	(32.02)	26.63	(25.64)	(5.39)	(89.59)
	b)	Consumption of Raw Materials	454.16	177.50	168.15	631.66	546.50
	c)	Staff Cost	97.22	34.87	33.92	132.09	121.73
	d)	Other Expenditure	220.47	58.02	55.69	278.48	224.58
7	Interest		24.55	5.42	4.34	29.97	13.82
8	Depreciation		91.53	35.61	24.73	127.14	95.76
9	Profit Before Tax		285.13	145.46	71.05	430.60	306.62
10	Provision for Tax
	a)	Current	81.00	32.65	20.00	113.65	105.00
	b)	Deferred	11.92	22.04	8.82	33.97	9.24
	c)	Fringe Benefit Tax	1.50	0.90		2.40
	d)	Prior Year Taxes			0.51		1.15
11	Net Profit		190.71	89.87	41.72	280.58	191.23
12	Paid Up Capital (Face Value of Re.1 each)		78.04	78.82	78.04	78.82	78.04
13	Reserves excluding revaluation reserves					859.05	622.49
14	Earning Per Share
	i) Basic (Rs.)		2.44	1.14	0.53	3.56	2.45
	ii) Diluted (Rs.)		2.40	1.11	0.53	3.47	2.45
15	Public Shareholding
	a)	No. of Shares				42204267	41359006
	b)	Percentage of Share Holding				53.55	53.00

1	The above Financial Results were approved by the Board of Directors of the Company at their Board meeting held on 12th May 2006.
2	The Board of Directors have recommended 100% Dividend subject to approval of Shareholders.
3	The Companies Main Business is manufacture of Gears and Gear Products. There are no separate reportable segments as per Accounting Standard 17 (AS17).
4	The Company had no investor complaints pending as on 31st December, 2005. One Complaint received during the Quarter was disposed of during the Quarter.
5	Diluted Earning Per Share has been calculated taking into consideration entire FCCB as Potential Equity Shares as per Accounting Standard 20 (AS20).