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Pricol Lmited
Regd. Office: 702 / 7 Avanashi Road, Coimbatore - 641 037
Audited Financial Results for the Quarter and Year Ended 31st March 2010
(Rs. in Lakhs) |
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Particulars |
For the
Three Months Ended |
For the
Year Ended |
Consolidated
for the Year ended |
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31-03-2010 |
31-03-2009 |
31-03-2010 |
31-03-2009 |
31-03-2010 |
31-03-2009 |
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(a) Net Sales / Income from operations |
20442.10 |
14727.99 |
74239.24 |
61407.66 |
75730.34 |
63337.78 |
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(b) Other Operating Income |
41.86 |
49.36 |
177.61 |
223.45 |
177.61 |
223.45 |
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(c) Total Income [ a + b ] |
20483.96 |
14777.35 |
74416.85 |
61631.11 |
75907.95 |
63561.23 |
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(d) Expenditure |
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(1) (Increase) / Decrease in Stock in Trade |
71.59 |
1183.55 |
505.59 |
921.00 |
482.91 |
922.94 |
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(2) (Increase) / Decrease in Work in Progress |
53.10 |
225.13 |
(57.79) |
579.22 |
(24.74) |
465.01 |
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(3)Consumption of Raw Materials & Components |
13179.66 |
9853.77 |
48417.96 |
40164.62 |
48970.63 |
41070.42 |
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(4) Employees Cost |
2445.42 |
1640.32 |
9099.10 |
8643.95 |
9624.28 |
9141.79 |
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(5) Depreciation |
875.90 |
906.80 |
3517.83 |
3649.11 |
3773.01 |
3887.36 |
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(6) Exchange Fluctuation (Gain) / Loss |
35.25 |
(212.70) |
 990.81
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1480.53 |
488.47 |
1925.61 |
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(7) Other Expenditure |
1822.16 |
1300.72 |
6819.94 |
7460.89 |
7330.74 |
8028.13 |
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(8) Cost of In-house manufactured Machines & Tools Capitalised |
(197.70) |
(227.47) |
(631.49) |
(1195.92) |
(631.49) |
(1195.92) |
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Total Expenditure |
18285.38 |
14670.12 |
68661.95 |
61703.40 |
70013.81 |
64245.34 |
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(e)Profit / (Loss) from Operations before Other Income, Interest & Exceptional Items [ c - d ] |
2198.58 |
107.23 |
5754.90 |
(72.29) |
5894.14 |
(684.11) |
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(f) Other Income |
111.46 |
45.87 |
155.36 |
199.31 |
159.68 |
236.09 |
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(g) Profit / (Loss) before Interest and Exceptional items [ e + f ] |
2310.04 |
153.10 |
5910.26 |
127.02 |
6053.82 |
(448.02) |
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(h) Interest |
751.89 |
1121.91 |
3164.52 |
3955.05 |
3386.04 |
4221.18 |
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(i) Profit / (Loss) after Interest but before Exceptional items [ g - h ] |
1558.15 |
(968.81) |
2745.74 |
(3828.03) |
2667.78 |
(4669.20) |
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(j) Exceptional Items |
- |
- |
- |
- |
- |
- |
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(k) Profit / (Loss) from Ordinary Activities before Tax [ i + j ] |
1558.15 |
(968.81) |
2745.74 |
(3828.03) |
2667.78 |
(4669.20) |
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(l) Provision for : |
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Current Taxation |
265.88 |
- |
467.71 |
- |
467.71 |
- |
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Fringe Benefit Tax |
- |
21.00 |
- |
66.00 |
- |
67.01 |
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Deferred Tax |
(142.50) |
(520.00) |
(270.00) |
(670.00) |
(196.01) |
(846.80) |
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Tax Provision for earlier years no longer required written back |
- |
(221.56) |
- |
(221.56) |
- |
(221.56) |
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(m) Net Profit / (Loss) from Ordinary Activities After Tax [k - l] |
1434.77 |
(248.25) |
2548.03 |
(3002.47) |
2396.08 |
(3667.85) |
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(n) Share in Profit / (Loss) of Associates |
- |
- |
- |
- |
- |
(19.01)
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(o) Extraordinary Item (Net of Tax Expense) |
- |
- |
- |
- |
- |
- |
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(p) Net Profit / (Loss) for the period [m+n+o] |
1434.77 |
(248.25) |
2548.03 |
(3002.47) |
2396.08 |
(3686.86)
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(q) Paid-up-Equity Share Capital (Face Value of Re. 1/- each) |
900.00 |
900.00 |
900.00 |
900.00 |
900.00 |
900.00 |
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(r) Reserves excluding revaluation reserves of previous accounting year |
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14782.97 |
17785.44 |
13976.73 |
17674.55 |
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(s) Basic and diluted Earnings Per Share (Rs.) (not annualised) [p/q] |
1.59 |
(0.28) |
2.83 |
(3.34) |
2.66 |
(4.10) |
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(t) Public share holding : Number of Shares |
5,77,56,535 |
5,77,56,535 |
5,77,56,535 |
5,77,56,535
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5,77,56,535
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5,77,56,535
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Percentage of share holding |
64.17 |
64.17 |
64.17 |
64.17 |
64.17 |
64.17 |
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(u) Promoters and Promoter group share holding |
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a) Pledged / Encumbered |
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- Number of Shares |
25,000 |
25,000 |
25,000 |
25,000 |
25,000 |
25,000 |
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- Percentage of shares (as a % of the total shareholding of promoter and promotor group) |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
0.08 |
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- Percentage of shares (as a% of the total share capital of the company) |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
0.03 |
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b) Non-encumbered |
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- Number of Shares |
3,22,18,465 |
3,22,18,465 |
3,22,18,465 |
3,22,18,465 |
3,22,18,465 |
3,22,18,465 |
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- Percentage of shares (as a% of the total shareholding of promoter and promotor group) |
99.92 |
99.92 |
99.92 |
99.92 |
99.92 |
99.92 |
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- Percentage of shares (as a % of the total share capital of the company) |
35.80 |
35.80 |
35.80 |
35.80 |
35.80 |
35.80 |
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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, Automotive Components. |
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3. Investors' Complaints : Pending as at the beginning of the quarter - 1, Received during the quarter- 1, Disposed off during the quarter-2 , Pending at the end of the quarter - Nil . |
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 4. Exchange Fluctuation Loss for the year ended 31st March, 2010 represents Rs. 93.64 lakhs consequent to gain on re-statement of foreign currency loans and export receivables as per Accounting Standard 11 and Rs. 1084.45 lakhs consequent to loss on actual settlements
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5. During the year Ananya Innovations Limited ceased to be an associate and consequently no Profit / Loss therefrom is considered. |
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6. The Board of Directors recommended a dividend @ 40 % ( Re. 0.40 per Re. 1.00 share). |
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Coimbatore By order of the Board
28th May 2010 VIJAY MOHAN
Chairman & Managing Director |
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