Audited Financial Results for the Year Ended 31st March, 2010

 
       

 [Rs. In Millons]
Sl. No.

Particulars

3 Months Ended

 Year Ended

 Previous Year Ended

(Audited)

 (Audited) (Audited) (Audited)
     

31.03.2010

 31.03.2009 31.03.2010 31.03.2009
1 a) Net Sales / Income from Operations   324.51   690.99   1213.87   2524.85  
  b) Other Operating Income   20.52   4.08   23.55   5.81  
  Total (a+b)   345.03   695.07   1237.42   2530.65  
2 Total Expenditure                                 
  a)  (Increase) / Decrease in Stock in Trade & WIP   27.72   (8.46)   109.99   (94.62)  
  b) Consumption of Raw Materials   91.58   265.71   286.51   979.04  
  c) Purchase of traded goods   -   -   -   -  
  d) Employee Cost   44.11   47.53   163.10   211.57  
  e) Depreciation   66.40   68.13   269.27   257.72  
  f) Other Expenditure   43.58   88.56   174.25   386.09  
  g) Total   273.39   461.47   1003.13   1739.80  
3 Profit from Operations before Other Income, Interest & Exceptional Items (1-2)   71.65   233.60   234.30   790.85  
4 Other Income   2.46   1.62   27.80   6.77  
5 Profit before Interest & Exceptional Items (3+4)   74.11   235.22   262.10   797.63  
6 Interest   0.62   13.64   18.83   86.25  
7 Profit after Interest but before Exceptional Items (5-6)   73.49   221.58   243.26   711.38  
8 Exceptional Items - Exchange loss on account of    -   -   -   23.31  
  redemption of FCCB                  
9 Profit from Ordinary Activities before Tax (7+8)   73.49   221.58   243.26   688.07  
10 Tax Expenses   21.98   82.35   81.41   247.46  
11 Net Profit from Ordinary Activities after  Tax (9-10)   51.51   139.23   161.85   440.61  
12 Extra Ordinary Items (Net of Tax Expense)   -   -   -   -  
13 Net Profit for the Period (11-12)   51.51   139.23   161.85   440.61  
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           2026.77   1941.15  
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)

   0.63   1.70   1.98   5.39  
  b) Diluted EPS before Extra ordinary items for the period, for the year to date and for the previous year (not annualised)   0.63   1.70   1.98   5.39  
  c) Basic EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised)   0.63   1.70   1.98   5.39  
  d) Diluted EPS after Extra ordinary items for the period, for the year to date and for the previous year (not annualised)   0.63   1.70   1.98   5.39  
17 Public Share Holding                  
  - Number of Shares   45192562   45192562   45192562   45192562  
  - Percentage of Share Holding   55.30%   55.30%   55.30%   55.30%  
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   36523291   36523291   36523291  
  - 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%   44.70%   44.70%   44.70%  
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 24th May 2010.
2 The Board of Directors have recommended a Dividend of Rs. 0.80 per equity share of Re. 1 each (80%) 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, 2009. All the 3 Complaints received during the Quarter were disposed of during the Quarter.
5 Other Income includes Exchange gain of Rs.234.73 lacs determined as per Accounting Standard 11 (AS11) issued by the Institute of Chartered Accountants of India.
6 The measures taken by the Company to revamp, restructure the entire operational and organisational structure and scaling down of plant operations has resulted in decrease in turnover.
     
Coimbatore - 641 005 By Order of the Board
24th May 2010 P.SUBRAMANIAN
Chairman & Managing Director

 

 

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