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Pricol Limited
Regd. Office: 702/7 Avanashi Road, Coimbatore - 641 037
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2007
(Rs. in Million) |
|
Particulars |
For the Three
Months Ended |
For the Six
Months Ended |
Year Ended |
|
30.09.2007 |
30.09.2006 |
30.09.2007 |
30.09.2006 |
31.03.2007 |
|
(a) Income from Sales & Services |
1438.347 |
1468.485 |
2941.041 |
2798.249 |
5833.831 |
|
(b) Other Income |
21.251 |
5.974 |
30.653 |
12.538 |
28.437 |
|
(c) Total Income (a+b) |
1459.598 |
1474.459 |
2971.694 |
2810.787 |
5862.268 |
|
(d) Expenditure |
|
(1) (Increase) / Decrease in Stock in Trade & Work In Progress |
(15.419) |
4.737 |
(183.561) |
(45.869) |
(14.446) |
|
(2) Consumption of Raw Materials & Components |
899.156 |
864.851 |
1925.999 |
1668.612 |
3469.809 |
|
(3) Employees' Cost |
236.155 |
221.110 |
447.815 |
430.308 |
870.259 |
|
(4) Depreciation |
80.974 |
74.589 |
161.059 |
147.687 |
295.924 |
|
(5) Other Expenditure |
217.066 |
173.780 |
395.201 |
327.720 |
661.699 |
|
(6) Cost of In-house manufactured Machines & Tools Capitalised |
(33.929) |
(20.289) |
(42.826) |
(42.542) |
109.585 |
|
Total Expenditure |
1384.003 |
1318.778 |
2703.687 |
2485.916 |
5173.660 |
|
(e) Interest |
72.700 |
43.146 |
135.785 |
77.156 |
180.481 |
|
(f) Profit before Tax (c-d-e) |
2.895 |
112.535 |
132.222 |
247.715 |
508.127 |
|
(g) Provision for: |
|
|
Current Taxation |
0.753 |
34.000 |
38.753 |
81.000 |
160.000 |
|
Fringe Benefit Tax |
1.150 |
1.212 |
2.350 |
2.438 |
6.000 |
|
Deferred Tax |
(6.000) |
(4.000) |
(11.000) |
(13.000) |
(20.000) |
|
(h) Net Profit [f - g] |
6.992 |
81.323 |
102.119 |
177.277 |
362.127 |
|
|
|
|
|
|
|
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(i) Paid-up-Equity Share Capital |
|
|
|
|
|
|
(Face Value of Re 1/- each) |
90.000 |
90.000 |
90.000 |
90.000 |
90.000 |
|
(j) Reserves excluding revaluation reserve |
|
1650.895 |
|
|
|
|
(k) Basic & Diluted Earnings Per Share (Rs.)
(not annualised) [h / i ] |
0.08 |
0.90 |
1.13 |
1.97 |
4.02 |
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(l)Public Share Holding: |
|
|
|
|
|
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Number of shares |
57,756,535 |
57,864,580 |
57,756,535 |
57,864,580 |
57,762,129 |
|
Percentage of share holding |
64.17 |
64.29 |
64.17 |
64.29 |
64.18 |
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Notes: |
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1. Previous Period's figures have been regrouped wherever necessary to conform to the current period's classification.
2.The Company's Operations mainly relate to One Segment.
3.All illegal strike by a section of workers at Coimbatore Plants during previous quarters has ended.However, it has affected the planned business growth,sales & profits of the quarter ended 30th September, 2007. |
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4.Profit Before Tax is inclusive of Treasury Income & Foreign Exchange gain (Net) of Rs.22.773 Million for the quarter ended 30th September,2007 and Rs.75.990 Million for the half year ended 30th September, 2007.
5.The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 30th October, 2007.The statutory auditors have carried out a "Limited Review" of the above financial results. |
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6.The additional liability consequent to application of revised Accounting Standard 15 (AS 15) regarding retirement benefits to employees,is being ascertained by the company and the necessary adjustments will be done at the year end.
7. Investors' Complaints :Pending as at the beginning of the quarter - Nil, Received during the quarter-14, Disposed off during the quarter-14, Pending at the end of the quarter - Nil. |
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Coimbatore
30-10-2007 |
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By Order of the Board |
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VIJAY MOHAN |
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Chairman & Managing Director |
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