Pricol Lmited
Regd. Office: 702 / 7 Avanashi Road, Coimbatore - 641 037
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  AND HALF YEAR ENDED 30TH SEPTEMBER 2008
                                                                                                                          (Rs.in Lakhs)

Particulars

For the Three
Months Ended

For the Six
Months Ended

For the Year Ended

30.09.2008

30.09.2007

30.09.2008

30.09.2007

31.03.2008

Unaudited

Unaudited

Audited

(a)  Net Sales / Income from operations

16575.32

14383.47

32949.39

29410.41

60646.25

(b)  Other Operating Income

88.46

12.91

154.91

17.11

149.84

(c) Total Income (a+b)

16663.78

14396.38

33104.30

29427.52

60796.09

(d) Expenditure

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

(19.78)

298.21

(45.09)

(804.97)

(2387.39)

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

5.18

(452.40)

386.23

(1030.64)

(1214.42)

(3) Consumption of  Raw  Materials & Components

10619.23

8991.56

20621.77

19259.99

40246.68

(4) Employees  Cost

2497.19

2361.55

4837.21

4478.15

8966.36

(5) Depreciation

905.59

809.74

1763.30

1610.59

3271.90

 (6) Other Expenditure

2176.53

2248.65

4414.02

4508.40

8925.35

(7) Cost of Inhouse of  manufactured  Machines & Tools Capitalised

(293.14)

(339.29)

(631.64)

(428.26)

(1294.30)

Total Expenditure

15890.80

13918.02

31345.80

27593.26

56514.18

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

772.98

478.36

1758.50

1834.26

4281.91

(f)  Other Income

38.28

199.60

75.72

289.42

544.23

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

811.26

677.96

1834.22

2123.68

4826.14

(h) Interest

906.59

727.00

1686.45

1357.85

2870.03

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

(95.33)

(49.04)

147.77

765.83

1956.11

(j) Exceptional Items - Exchange Fluctuation Gain / (Loss)

(740.98)

77.99

(1312.04)

556.39

227.15

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

(836.31)

28.95

(1164.27)

1322.22

2183.26

(l) Provision for:

        Current Taxation

-

7.53

-

387.53

500.00

       Fringe Benefit Tax

19.50

11.50

32.70

23.50

75.00

              Deferred Tax

(45.00)

(60.00)

(105.00)

(110.00)

(300.00)

(m) Net Profit / (Loss ) [ k - l ]

(810.81)

69.92

(1091.97)

1021.19

1908.26

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

900.00

900.00

900.00

900.00

900.00

(o) Reserves excluding revaluation reserves

17785.44

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

(0.90)

0.08

(1.21)

1.13

2.12

(q) 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

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. The Loss of Market Share due to illegal strike during last year has not been fully regained. Steep increase in Raw Material prices has affected the profits for the quarter ended 30th September, 2008.           

4. The above results have been reviewed by the Audit Committee and approved  by the Board at its meeting held on 30th October, 2008.  The statutory auditors have carried out a "Limited Review" of the above financial results.

5.  Investors' Complaints : Pending as at the beginning  of the quarter - Nil,  Received  during the quarter- 15, Resolved during the quarter - 14, Pending at the end of the quarter - 1.

6.  Exchange Fluctuation Loss for the six months ended 30th September 2008 represents Rs.1008.56 lakhs consequent     to re-statement of foreign currency loans & export receivables as per Accounting Standard 11 and Rs.303.48 lakhs consequent to actual settlements.