Pricol Lmited
Regd. Office: 702 / 7 Avanashi Road, Coimbatore - 641 037
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER  AND HALF YEAR ENDED 30TH SEPTEMBER 2009
                                                                                                                            (Rs.in Lakhs)

Particulars

For the Three
Months Ended

For the Six
Months Ended

For the Year Ended

30.09.2009

30.09.2008

30.09.2009

30.09.2008

31.03.2009

Unaudited

Unaudited

Audited

(a)  Net Sales / Income from operations

18516.60

16575.32

34934.33

32949.39

61407.66

(b)  Other Operating Income

45.02

88.46

88.32

154.91

223.45

(c) Total Income (a+b)

18561.62

16663.78

35022.65

33104.30

61631.11

(d) Expenditure

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

188.59

(19.78)

607.93

(45.09)

921.00

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

19.08

5.18

(7.20)

(386.23

579.22

(3) Consumption of  Raw  Materials & Components

11952.49

10619.23

22848.43

20621.77

40164.62

(4) Employees  Cost

2279.87

2497.19

4349.20

4837.21

8643.95

(5) Depreciation

884.19

905.59

1779.21

1763.30

3649.11

(6) Exchange Fluctuation (Gain) / Loss

391.89

740.98

940.56

1312.04

1480.53

(7) Other Expenditure

1621.57

2176.53

3156.26

4414.02

7418.40

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

(124.73)

(293.14)

(308.86)

(631.64)

(1195.92)

Total Expenditure

17212.95

16631.78

33365.53

32657.84

61660.91

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

1348.67

32.00

1657.12

446.46

(29.80)

(f)  Other Income

26.54

38.28

37.76

75.72

156.82

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

1375.21

70.28

1694.88

522.18

127.02

(h) Interest

787.81

906.59

1681.31

1686.45

3955.05

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

587.40

(836.31)

13.57

(1164.27)

(3828.03)

(j) Exceptional Items

-

-

-

-

-

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

587.40

(836.31)

13.57

(1164.27)

(3828.03)

(l) Provision for:

        Current Taxation

-

-

-

-

-

       Fringe Benefit Tax

-

19.50

-

32.70

66.00

              Deferred Tax

(42.50)

(45.00)

(85.00)

(105.00)

(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]

629.90

(810.81)

98.57

(1091.97)

(3002.47)

(n) Extraordinary Item (Net of Tax Expense)

-

-

-

-

-

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

629.90

(810.81)

98.57

(1091.97)

(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]

0.70

(0.90)

0.11

(1.21)

(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. Increase in Imported Raw Material & Components prices due to adverse exchange rate fluctuation has affected the profits for the half year ended 30th September, 2009.

4. Investors' Complaints : Pending as at the beginning of the quarter - 1, Received during the quarter-4, Disposed off during the quarter -5, Pending at the end of the quarter - Nil.

5. The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 30th October, 2009. The statutory auditors have carried out a "Limited Review" of the above financial results.

6. Exchange Fluctuation Loss for the Half year ended 30th September, 2009 represents Rs. 359.16 lakhs consequent to re-statement of foreign currency loans and export receivables as per Accounting Standard 11 and Rs. 581.40 lakhs consequent to actual settlements.

Coimbatore                                                                                            By Order of the Board

 30th October, 2009                                                                                           VIJAY MOHAN