Audited Financial Results for the Year Ended 31st March, 2009

 
       

 [Rs. In Millons]
Sl. No.

Particulars

3 Months Ended

 Year Ended

 Previous Year Ended

(Audited)

 (Audited) (Audited) (Audited)
     

31.03.2009

 31.03.2008 31.03.2009 31.03.2008
1 a) Net Sales / Income from Operations   690.99   678.34   2524.84   2441.36  
  b) Other Operating Income   4.08   (0.32)   5.81   1.52  
  Total (a+b)   695.07   678.02   2530.65   2442.88  
2 Total Expenditure                                 
  a)  (Increase) / Decrease in Stock in Trade & WIP   (8.46)   (54.25)   (94.62)   (49.98)  
  b) Consumption of Raw Materials   265.71   330.44   979.04   1000.49  
  c) Purchase of traded goods   -   -   -   -  
  d) Employee Cost   47.53   55.50   211.57   188.71  
  e) Depreciation   68.13   59.63   257.72   224.61  
  f) Other Expenditure   88.56   94.99   386.09   363.19  
  g) Total   461.47   486.31   1739.80   1727.02  
3 Profit from Operations before Other Income, Interest & Exceptional Items (1-2)   233.60   191.71   790.85   715.86  
4 Other Income   1.62   -   6.77   10.20  
5 Profit before Interest & Exceptional Items (3+4)   235.22   191.71   797.63   726.06  
6 Interest   13.64   9.85   86.25   51.13  
7 Profit after Interest but before Exceptional Items (5-6)   221.58   181.86   711.38   674.93  
8 Exceptional Items - Exchange loss on account of    -   -   23.31   -  
  redemption of FCCB                  
9 Profit from Ordinary Activities before Tax (7+8)   221.58   181.86   688.07   674.93  
10 Tax Expenses   82.35   62.97   247..46   233.31  
11 Net Profit from Ordinary Activities after  Tax (9-10)   139.23   118.89   440.61   441.61  
12 Extra Ordinary Items (Net of Tax Expense)   -   -   -   -  
13 Net Profit for the Period (11-12)   139.23   118.89   440.61   441.61  
14 Paid-up Equity Share Capital (Face value of Re.1 each)   81.72   81.72   81.72   81.72  
15 Reserves Excluding Revaluation Reserves as per Balance Sheet of previous accounting year           1941.15   1615.27  
16 Earnings 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)

   1.70   1.45   5.39   5.40  
  b) Diluted EPS before Extra ordinary items for the period, for the year to date and for the previous year (not annualised)   1.70   1.45   5.39   5.39  
  c) Basic EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised)   1.70   1.45   5.39   5.40  
  d) Diluted EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised)   1.70   1.45   5.39   5.39  
17 Public Share Holding                  
  - Number of Shares   45192562   45196845   45192562   45196845  
  - Percentage of Share Holding   55.30%   55.31%   55.30%   55.31%  
18 Promoters & Promoter group Share Holding                  
  a) Pledged / Encumbered                  
  - Number of Shares   NIL   NIL   NIL   NIL  
  - Percentage of Shares (as a % of the total share holding of promoter and promoter group)   NIL   NIL   NIL   NIL  
  - Percentage of Shares (as a % of the total share capital of the company)   NIL   NIL   NIL   NIL  
  b) Non - Encumbered                  
  - Number of Shares   36523291   36519008   36523291   36519008  
  - Percentage of Shares (as a % of the total share holding of promoter and promoter group)   100%   100%   100%   100%  
  - Percentage of Shares (as a % of the total share capital of the company)   44.70%   44.69%   44.70%   44.69%  
1 The above Financial Results were reviewed by the Audit Committee and approved by the Board of Directors of the Company at their Board meeting held on 27th May 2009.
2 The Board of Directors have recommended a Dividend of Rs. 1.20 per equity share of Re. 1 each (120%) 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, 2008. All the 4 Complaints received during the Quarter were disposed of during the Quarter.
5 During the year, the company has redeemed the outstanding FCCB  liability of  USD 5.30 millions.  On account of FCCB redemption the company has incurred  one time expenditure of Rs. 697.63 lacs  [On account of Yield to Maturity (YTM)] Towards  Exchange loss: Rs. 233.07 lacs.
6 Previous year figures have been reclassified and regrouped to confirm with the current year figures wherever necessary.
     
Coimbatore - 641 005 By Order of the Board
27th May 2009 P.SUBRAMANIAN
Chairman & Managing Director

 

 

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