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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)

Particulars

For the Three Months Ended

For the Year Ended

30.06.2007

30.06.2006

31.03.2007

 

(Reviewed)

(Reviewed)

(Audited)

(a)  Income from Sales & Services

1502.694

9.402

1329.764
6.564

5833.831

28.437

(b)  Other Income

(c) Total Income (a+b)

1512.096

1336.328

5862.268

(d) Expenditure

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

(110.318)

(46.331)

6.852

    (2) Consumption of  Raw Materials &
         Components

969.019

799.486

3448.511

    (3) Employees'  Cost

211.660

209.198

870.259

    (4) Other Expenditure

178.135

153.941

661.699

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

(8.897)

(22.253)

                   (109.585)

Total Expenditure

1239.599

1094.041

4877.736

(e)  Interest

63.085

34.010

180.481

(f)  Depreciation

80.085

73.098

295.924

(g) Profit before  Tax (c-d-e-f)

129.327

135.179

508.127

(h) Provision for
                     Current Taxation

38.000

47.000

160.000

                     Fringe Benefit Tax

1.200

1.226

6.000

                     Deferred Tax

                     (5.000)

(9.000)

                     (20.000)

(i) Net Profit

95.127

95.953

362.127

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

90.000

90.000

90.000

(k) Reserves excluding revaluation
     reserve

 

 

1650.895

(l) Basic & Diluted Earnings Per Share
       (Rs.)(i/j)

1.06

1.07 

4.02

(m) Aggregate of Public Shareholding
       (in Nos.)

57,756,535

58,195,140

57,762,129

     Percentage of holding

64.17

64.66

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 the quarter has affected the planned business growth, sales and profits for the quarter ended 30th June 2007.

4. Profit Before Tax is inclusive of Foreign Exchange gain of Rs.47.840 Million

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.

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.

 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.

Coimbatore
31-07-2007

 

By order of the Board

VIJAY MOHAN

Chairman & Managing Director