Audited Financial Results for the year ended 31st March 2006

Audited Financial Results for the year ended 31st March 2006

Audited Financial Results for the Year Ended 31st March 2006
(Rs. in Million)
Particulars For the Nine Months Ended For the
Three Months Ended
For the
Year Ended
Consolidated
for the Year ended
31.12.2005 31.03.2006 31.03.2005 31.03.2006 31.03.2005 #31.03.2006 31.03.2005
(a)  Income from Sales & Services 3483.771 1333.111 1201.766 4816.882 4489.682 4958.632 4489.682
(b)  Other Income 14.086 15.216 7.004 29.302 19.451 62.917 25.268
(c) Total Income (a+b) 3497.857 1348.327 1208.770 4846.184 4509.133 5021.549 4514.950
(d) Expenditure
(1) (Increase) / Decrease in Stock in Trade (54.791) 81.191 36.526 26.400 (31.603) 51.528 (31.603)
(2) Consumption of  Raw  Materials & Components 2033.141 722.208 647.168 2755.349 2495.365 2809.498 2495.365
(3) Employees’  Cost 589.082 196.916 194.369 785.998 717.016 803.040 717.016
(4) Other Expenditure 454.761 127.997 135.459 582.758 516.419 623.900 516.444
(5) Cost of In-house manufactured  Machines & Tools Capitalised (83.727) (28.022) (62.700) (111.749) (97.825) (111.749) (97.825)
Total Expenditure 2938.466 1100.290 950.822 4038.756 3599.372 4176.217 3599.397
(e)  Interest 84.332 37.536 19.606 121.868 68.325 125.381 68.325
(f)  Depreciation 188.607 67.993 55.775 256.600 218.902 267.675 218.902
(g) Profit before  Tax (c-d-e-f) 286.452 142.508 182.567 428.960 622.534 452.276 628.326
(h) Provision for:
     Current Taxation 90.000 33.000 63.000 123.000 220.000 123.000 220.420
     Fringe Benefit      Tax 4.276 4.594 8.870 9.026
     Deferred Tax (12.000) 6.000 (12.000) (6.000) (10.000) (6.000) (10.000)
(i) Net Profit before
Minority Interest &
Extra-ordinary Items
204.176 98.914 131.567 303.090 412.534 326.250 417.906
(j) Add: Minority Interest – Loss 1.060
(k) Net Profit before Extra-ordinary Items 204.176 98.914 131.567 303.090 412.534 327.310 417.906
(l) Extra-ordinary Items 25.650 4.135 9.612 29.785 9.612 29.289 9.612
(m) Net Profit after Extra-ordinary Items 229.826 103.049 141.179 332.875 422.146 356.599 427.518
(n) Paid-up-Equity Share Capital (Face Value of Re. 1/- each) 90.000 90.000 90.000 90.000 90.000 90.000 90.000
(o) Reserves excluding revaluation reserve *1394.064 1163.812 *1384.229 1130.253
(p) Basic and diluted Earnings Per Share (Rs.)
(i) EPS before Extra ordinary items (k/90 mn) 2.27 1.10 1.46 3.37 4.58 3.64 4.64
(ii) EPS after Extra-ordinary Items [ m / 90 mn ] 2.55 1.14 1.57 3.70 4.69 3.96 4.75
(q) Aggregate of non-promoters holding (in Nos.) 58,194,390 58,195,140 57,218,250 58,195,140 57,218,140 58,195,140 57,218,250
Percentage of holding 64.66 64.66 63.58 64.66 63.58 64.66 63.58
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. Investors’ Complaints : Pending as at the beginning and end of the quarter – 1, Received & disposed during the quarter- 4.
# Consolidation includes operations of English Tools and Castings Limited, subsidiary company, acquired during the financial year 2005-06
*After Dividend of 100% recommended by the Board and Tax on Dividend.
Coimbatore
27-05-2006
By the Order of the Board
VIJAY MOHAN
Chairman & Managing Director