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Pricol Limited Regd. Office: 702/7 Avanashi Road, Coimbatore - 641 037 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED 30TH JUNE 2007 (Rs. in Million) |
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Particulars |
For the Three Months Ended |
For the Year Ended |
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30.06.2007 |
30.06.2006 |
31.03.2007 |
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|
(Reviewed) |
(Reviewed) |
(Audited) |
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(a) Income from Sales & Services |
1502.694
9.402 |
1329.764 6.564 |
5833.831
28.437 |
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(b) Other Income |
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(c) Total Income (a+b) |
1512.096 |
1336.328 |
5862.268 |
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(d) Expenditure |
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(1) (Increase) / Decrease in Stock in Trade |
(110.318) |
(46.331) |
6.852 |
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(2) Consumption of Raw Materials & Components |
969.019 |
799.486 |
3448.511 |
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(3) Employees' Cost |
211.660 |
209.198 |
870.259 |
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(4) Other Expenditure |
178.135 |
153.941 |
661.699 |
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(5) Cost of In-house manufactured Machines & Tools Capitalised |
(8.897) |
(22.253) |
(109.585) |
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Total Expenditure |
1239.599 |
1094.041 |
4877.736 |
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(e) Interest |
63.085 |
34.010 |
180.481 |
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(f) Depreciation |
80.085 |
73.098 |
295.924 |
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(g) Profit before Tax (c-d-e-f) |
129.327 |
135.179 |
508.127 |
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(h) Provision for Current Taxation |
38.000 |
47.000 |
160.000 |
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Fringe Benefit Tax |
1.200 |
1.226 |
6.000 |
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Deferred Tax |
(5.000) |
(9.000) |
(20.000) |
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(i) Net Profit |
95.127 |
95.953 |
362.127 |
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(j) Paid-up-Equity Share Capital (Face Value of Re 1/- each) |
90.000 |
90.000 |
90.000 |
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(k) Reserves excluding revaluation reserve |
|
|
1650.895 |
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(l) Basic & Diluted Earnings Per Share (Rs.)(i/j) |
1.06 |
1.07 |
4.02 |
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(m) Aggregate of Public Shareholding (in Nos.) |
57,756,535 |
58,195,140 |
57,762,129 |
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Percentage of holding |
64.17 |
64.66 |
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. |
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2. The Company's Operations mainly relate to One Segment. |
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3. An illegal strike by a section of workers at Coimbatore Plants during the quarter has affected the planned business growth, sales and profits for the quarter ended 30th June 2007. |
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4. Profit Before Tax is inclusive of Foreign Exchange gain of Rs.47.840 Million |
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5. The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 31st July, 2007. The Statutory Auditors have carried out a "Limited Review" of the above financial results. |
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6. The additional liability, if any, consequent to application to revised Accounting Standard 15 (AS 15) regarding retirement benefits to employees, is being ascertained by the company and the necessary adjustment will be carried out during the course of the financial year. |
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7. Investors' complaints: Pending as at the beginning and end of the quarter - Nil, Received during the quarter - 5, Disposed off during the quarter – 5. |
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Coimbatore 31-07-2007 |
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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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