Pricol Limited
Regd. Office: 702 / 7  Avanashi Road, Coimbatore - 641 037
Unaudited Financial Results for the Quarter Ended 30th June 2011
                                                                                                                     ( in Lakhs)

Particulars

For the three months ended

For the Year ended

30.06.2011

30.06.2010

30.03.2011

Unaudited

Unaudited

Audited

(a) Net Sales/ Income from operations

21357.00

18998.50

81409.42

(b)  Other Operating Income

33.26

50.63

150.14

(c) Total Income (a+b)

21390.26

19049.13

81559.56

(d) Expenditure

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

               (305.46)

210.01

504.24

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

               342.77

                 (242.83)

                    (290.90)

(3) Consumption of  Raw  Materials & Components

14069.05

12634.93

54551.64

(4) Employees Cost

3054.53

2529.60

11322.26

(5) Depreciation

746.59

863.69

3370.40

(6) Exchange Fluctuation (Gain) / Loss

9.57

151.87

247.38

(7) Other Expenditure

2339.28

1851.04

8082.49

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

               (92.32)

               (127.68)

(544.87)

Total Expenditure

20164.01

17450.61

77242.64

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

1226.25

1598.52

4316.92

(f) Other Income

(1)   Profit/(Loss) on Sale of Assets

11.03

166.88

444.03

(2)   Others

21.10

18.95

127.44

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

1258.38

1784.35

4888.39

(h) Interest

726.10

678.15

2731.16

(i) Profit / (Loss) after Interest but before Exceptional items [ g - h ]

532.28

1106.20

2157.23

(j) Exceptional Items

-

-

-

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

532.28

1106.20

2157.23

(i) Tax Expense – Net

100.00

175.47

(154.25)

(m) Net Profit / (Loss) from Ordinary Activities After Tax (k - l)

432.28

930.73

2311.48

(n) Extraordinary Item (Net of Tax Expense)

-

-

-

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

432.28

930.73

2311.48

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

900.00

900.00

900.00

(q) Reserves excluding revaluation reserves of previous accounting year

18595.09

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

0.48

1.03

2.57

(s) Public share holding : Number of Shares

5,79,06,054

5,77,56,535

5,79,06,054

Percentage of share holding

64.34

64.17

64.34

(t) Promoters and Promoter group share holding

a) Pledged / Encumbered

      - Number of Shares

-

25,000

-

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

-

0.08

-

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

-

0.03

-

b) Non-encumbered

       - Number of Shares

3,20,93,946

3,22,18,465

3,20,93,946

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

100.00

99.92

100.00

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

35.66

35.80

35.66

Notes:

1. Previous Period's figures have been regrouped wherever necessary to conform to the current period's classification.

2. The Company's Operations relate to one primary 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 - 8, Pending at the end of the quarter – Nil.

4. The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 29th July, 2011, The Statutory Auditors have carried out a "Limited Review" of the above financial results.

5. Exchange Fluctuation Loss for the Quarter ended 30th June, 2011 represents  22.33 lakhs consequent to re-statement of foreign currency loans and export receivables as per Accounting Standard 11 and Gain of 12.76 lakhs consequent to actual settlements. 

Coimbatore
29th July, 2011

By Order of the Board

VIJAY MOHAN

Chairman & Managing Director