Pricol Limited 

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

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS  ENDED 31ST DECEMBER 2009
                                                                                                                                 (Rs. in Lakhs)

Particulars

For the Three
Months Ended

For the Nine
Months Ended

For the Year Ended

31.12.2009

31.12.2008

31.12.2009

31.12.2008

31.03.2009

Unaudited

Unaudited

Audited

(a)  Net Sales / Income from operations

18862.81

13730.28

53797.14

46679.67

61407.66

(b)  Other Operating Income

47.43

19.18

135.75

174.09

223.45

(c) Total Income (a+b)

18910.24

13749.46

53932.89

46853.76

61631.11

(d) Expenditure

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

(173.93)

(217.46)

434.00

(262.55)

921.00

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

           (103.69)

         (32.14)

         (110.89)

354.09

579.22

    (3) Consumption of  Raw   Materials & Components

12389.87

9689.08

35238.30

30310.85

40164.62

    (4) Employees  Cost

2304.48

2166.42

6653.68

7003.63

8643.95

    (5) Depreciation

862.72

979.01

2641.93

2742.31

3649.11

    (6) Exchange Fluctuation (Gain) / Loss

15.00

381.19

955.56

1693.23

1480.53

    (7) Other Expenditure

1854.78

1705.29

5011.04

6119.31

7418.40

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

(124.93)

(336.81) 

      (433.79)

(968.45) 

  (1195.92)

  Total Expenditure

17024.30

14334.58

50389.83

46992.42

61660.91

(e)  Profit / (Loss) from Operations before Other Income, Interest & Exceptional Items [ c - d ]

1885.94

   (585.12)

3543.06

   (138.66)

     (29.80)

(f) Other Income

19.40

36.86

57.16

112.58

156.82

(g) Profit / (Loss) before Interest and Exceptional items [ e + f ]

1905.34

    (548.26)

3600.22

      (26.08)

127.02

(h) Interest

731.32

1146.69

2412.63

2833.14

3955.05

(i) Profit / (Loss) after Interest but before Exceptional items

 [ g - h ]

1174.02

(1694.95)

1187.59

 (2859.22)

(3828.03)

(j) Exceptional Items

                     -  

                     -  

                           -  

                 -   

                             -  

(k) Profit / (Loss) from Ordinary Activities before Tax [ i + j ]

1174.02

(1694.95)

1187.59

(2859.22)

(3828.03)

(l) Provision for:

    Current Taxation

201.83

                -  

201.83

                -  

-                                     

     Fringe Benefit Tax

-                     

12.30

                  -  

45.00

66.00

     Deferred Tax

(42.50)

(45.00)

        (127.50)

(150.00)

(670.00)

     Tax Provision for earlier years no longer required written back

-

   -

            -

-

         (221.56)

(m)  Net Profit / (Loss ) from Ordinary Activities after tax

[ k - l ]

1014.69

(1662.25)

1113.26

(2754.22)

(3002.47)

(n)  Extraordinary Item (net of tax expense)

-

                -

                  -  

                - 

                  -

(0)  Net Profit / (Loss ) for the period [ m - n ]

1014.69

(1662.25)

1113.26

(2754.22)

(3002.47)

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

900.00

900.00

900.00

900.00

900.00

(q) Reserves excluding revaluation reserves of previous accounting year

17785.44

(r) Basic and diluted Earnings Per Share  (Rs.) (not annualised) [o/p]

1.13

(1.85)

1.24

(3.06)

(3.34)

(s)Public Share Holding:

    Number of shares

57,756,535

57,756,535

57,756,535

57,756,535

57,756,535

    Percentage of share holding

64.17

64.17

64.17

64.17

64.17

(t) Promoters and Promoter group share holding

   a) Pledged / Encumbered

         - Number of Shares

25,000

 NA

25,000

 NA

25,000

         - Percentage of shares (as a % of the total shareholding of promoter and promotor group)

0.08

 NA

0.08

 NA

0.08

         - Percentage of shares (as a% of the total share capital of the company)

0.03

 NA

0.03

 NA

0.03

  b) Non-encumbered

         - Number of Shares

32,218,465

 NA

32,218,465

 NA

32,218,465

         - Percentage of shares (as a % of the total shareholding of promoter and promotor group)

99.92

 NA

99.92

 NA

99.92

         - Percentage of shares (as a% of the total share capital of the company)

35.80

 NA

35.80

 NA

35.80

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, Automotive Components.  

3.  Investors' Complaints: Pending as at the beginning of the quarter - Nil,  Received  during the quarter-8, Disposed off during the quarter-7, Pending at the end of the quarter - 1 (since resolved).

  4.  The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 28th January, 2010.  The statutory auditors have carried out a "Limited Review" of the above financial results.                          

  5.  Exchange Fluctuation Loss for the Nine Months ended 31st December, 2009 represents Rs. 424.83 lakhs consequent to re-statement of foreign currency loans and export receivables as per Accounting Standard 11 and Rs. 530.73 lakhs consequent to actual settlements.