Audited Financial Results for the year ended 31st March 2007

Audited Financial Results for the year ended 31st March 2007

Audited Financial Results for the Year Ended
31st March 2007

(Rs. in Million)
Particulars For the Nine Months Ended For the
Three Months Ended
For the
Year Ended
Consolidated
for the Year ended
31.12.2006 31.03.2007 31.03.2006 31.03.2007 31.03.2006 #31.03.2007 31.03.2006
(a)  Income from Sales & Services 4307.972 1525.859 1333.111 5833.831 4816.882 6029.229 4958.632
(b)  Other Income 19.745 8.692 15.216 28.437 29.302 22.355 62.917
(c) Total Income (a+b) 4327.717 1534.551 1348.327 5862.268 4846.184 6051.584 5021.549
(d) Expenditure
(1) (Increase) / Decrease in Stock in Trade (46.972) 53.824 81.191 6.852 26.400 6.930 26.400
(2) Consumption of  Raw  Materials & Components 2552.872 895.639 722.208 3448.511 2755.349 3559.576 2834.626
(3) Employees’  Cost 653.318 216.941 196.916 870.259 785.998 890.173 803.040
(4) Other Expenditure 508.703 152.996 127.997 661.699 582.758 700.991 623.900
(5) Cost of In-house manufactured  Machines & Tools Capitalised (71.625) (37.960) (28.022) (109.585) (111.749) (109.585) (111.749)
 Total Expenditure 3596.296 1281.440 1100.290 4877.736 4038.756 5048.085 4176.217
(e)  Interest 118.365 62.116 37.536 180.481 121.868 188.095 125.381
(f)  Depreciation 223.581 72.343 67.993 295.924 256.600 307.351 267.675
(g) Profit before  Tax (c-d-e-f) 389.475 118.652 142.508 508.127 428.960 508.053 452.276
(h) Provision for:
     Current Taxation 124.000 36.000 33.000 160.000 123.000 160.745 123.000
     Fringe Benefit      Tax 3.638 2.362 4.594 6.000 8.870 6.094 9.026
     Deferred Tax (18.000) (2.000) 6.000 (20.000) (6.000) (20.000) (6.000)
(i) Net Profit before
Minority Interest &
Extra-ordinary Items
279.837 82.290 98.914 362.127 303.090 361.214 326.250
(j) Add: Minority Interest – Loss       1.060
(k) Net Profit before Extra-ordinary Items 279.837 82.290 98.914 362.127 303.090 361.214 327.310
(l) Extra-ordinary Items     4.135 29.785   29.289
(m) Net Profit after Extra-ordinary Items 279.837 82.290 103.049 362.127 332.875 361.214 356.599
(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 @ 1650.895 1394.064 @ 1629.579 1384.229
(p) Basic and diluted Earnings Per Share (Rs.)
(i) EPS before Extra ordinary items (k / 90 mn) 3.11 0.91 1.10 4.02 3.37 4.01 3.64
(ii) EPS after Extra-ordinary Items [ m / 90 mn ] 3.11 0.91 1.14 4.02 3.70 4.01 3.96
(q) Aggregate of Public Shareholding (in Nos.) 57,864,580 57,762,129 58,195,140 57,762,129 58,195,140 57,762,129 58,195,140
Percentage of holding 64.29 64.18 64.66 64.18 64.66 64.18 64.66
Notes:
1. Previous Period’s figures have been regrouped wherever necessary to conform to the current period’s classification.
2. The Company’s Operations mainly relate to One Segment .
3. An illegal strike by a section of the workers at Coimbatore Plants from
3rd March 2007
onwards, has affected the sales and profits of March 2007
4. Investors’ Complaints : Pending as at the beginning of the quarter – 7 Received  during the quarter- 7,Disposed off during the quarter – 14, Pending at the end of the quarter – Nil
#. English Tools and Castings Limited has become a 100% subsidiary with effect from July, 2006 (Earlier 70%)
@ After Dividend  @ Re.1/- per equity share of Re.1/- each recommended by the Board at its meeting on 29th May 2007, will involve an outflow of Rs.105.296 Million
including Tax on dividend,
Coimbatore
29-05-2007
By the Order of the Board
Vijay Mohan
Chairman & Managing Director