Pricol Limited 

Regd. Office: 702/7  Avanashi Road, Coimbatore - 641 037

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS  ENDED 31ST DECEMBER 2007
                                                                                                                 (Rs. in Million)

Particulars

For the Three
Months Ended

For the Nine
Months Ended

Year Ended

31.12.2007

31.12.2006

31.12.2007

31.12.2006

31.03.2007

Reviewed

Audited

(a)  Income from Sales & Services

1495.602

1509.723

4436.643

4307.972

5833.831

(b)  Other Income

24.437

7.207

55.090

19.745

28.437

(c) Total Income (a+b)

1520.039

1516.930

4491.733

4327.717

5862.268

(d) Expenditure

    (1) (Increase) / Decrease in     Stock in Trade

  (58.202)

  (12.188)

(138.699)

(46.972)

6.852

    (2) (Increase) / Decrease in  Work in Progress

  (33.555)

 (10.439)

(136.619)

(21.524)

(21.298)

    (3) Consumption of  Raw   Materials & Components

978.888

905.784

2904.887

2574.396

3469.809

    (4) Employees'  Cost

250.804

223.010

698.619

653.318

870.259

    (5) Depreciation

84.050

75.894

245.109

223.581

295.924

    (6) Other Expenditure

223.328

180.983

618.529

508.703

661.699

    (7) Cost of In-house manufactured Machines &        Tools  Capitalised

(33.971)

 (29.083)

(76.797)

(71.625)

(109.585)

  Total Expenditure

1411.342

1333.961

4115.029

3819.877

5173.660

(e)  Interest

66.723

41.209

202.508

118.365

180.481

(f) Profit from Ordinary Activities before Tax (c-d-e)

41.974

141.760

174.196

389.475

508.127

(g) Provision for:

 Current Taxation

10.892

43.000

49.645

124.000

160.000

 Fringe Benefit Tax

1.900

1.200

4.250

3.638

6.000

 Deferred Tax

         (7.000)

          (5.000)

       (18.000)

        (18.000)

(20.000)

(h) Net Profit from Ordinary Activities after Tax [f - g]

36.182

102.560

138.301

279.837

362.127

 (i)Extraordinary items

-

-

-

-

-

(j)Net Profit [h – i]

36.182

102.560

138.301

279.837

362.127

(k)Paid-up-Equity Share Capital(Face Value of Re 1/- each)

90.000

90.000

90.000

90.000

90.000

(l) Reserves excluding   revaluation  reserve

1650.895

(m) Basic & Diluted Earnings Per Share (Rs.)(not annualised) [j /k]

0.40

1.14

1.54

3.11

4.02

(n)Public Share Holding:

 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

Notes:

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. An illegal strike by a section of workers at Coimbatore Plants during previous quarters has ended. However, it has affected the planned business growth, sales and profits of the nine months ended 31st December, 2007.    

 4. The above results have been reviewed by the audit committee and taken on record by the Board at its meeting held on 30th January, 2008. The statutory auditors have carried out a "Limited Review" of the above financial results. 

 5. 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 adjustment will be done at the year end

6.  Investors' Complaints : Pending as at the beginning  of the quarter - Nil,  Received  during the quarter- 13, Disposed off during the quarter - 11,  Pending at the end of the quarter -2 (since resolved)