Unaudited Financial Results for the Quarter and Year Ended 31st December, 2012

Unaudited Financial Results for the Quarter and Year Ended 31st December, 2012

UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31ST DECEMBER, 2012
(Rs. in lakhs)
Particulars For the Three Months Ended For the Nine Months Ended For the year Ended
31-Dec-2012 30-Sep-2012 31-Dec-2011 31-Dec-2012 31-Dec-2011 31-Mar-2012
Unaudited Audited
1. Income from Operations
   (a)  Net Sales / Income from operations (Net of excise duty)
19848.43
20021.46
23502.25
61755.49
68947.39
93147.93
   (b) Other Operating Income
1098.88
1027.46
856.35
3248.09
2321.46
3346.08
   Total Income from Operations (net)  [ a + b ]
20947.31
21048.92
24358.60
65003.58
71268.85
96494.01
2. Expenses
    (a) Cost of Materials Consumed
12816.70
13119.18
15649.84
40560.91
46234.14
62261.76
    (b) (Increase) / Decrease  in inventories of finished goods
48.73
211.66
(27.58)
45.62
(756.41)
(311.97)
    (c) (Increase) / Decrease  in inventories of Work in Progress
199.62
76.91
(14.60)
217.91
210.65
550.23
    (d) Purchases of stock-in-trade
1078.86
978.40
796.22
3116.77
2167.64
3127.54
    (e) Employee Benefits Expense
3224.61
3183.93
3222.31
9628.61
9517.49
12589.40
    (f) Depreciation and amortisation expense
832.97
819.56
731.94
2357.51
2195.70
2919.11
    (g) Exchange Fluctuation (Gain) / Loss
14.22
(150.52)
290.23
377.56
216.71
346.86
    (h) Other Expenses
2135.82
2259.53
2766.45
6790.34
8154.83
10556.95
     Total Expenses
20351.53
20498.65
23414.81
63095.23
67940.75
92039.88
3. Profit / (Loss) from Operations before Other Income, finance costs and
      Exceptional Items [ 1 – 2 ]
595.78
550.27
943.79
1908.35
3328.10
4454.13
4. Other Income
     (a) Profit / (Loss) on Sale of Assets
56.46
(16.09)
1.83
42.81
14.69
21.65
     (b) Others
18.53
17.88
59.18
82.24
93.61
193.00
5. Profit / (Loss) from ordinary activities before finance costs and
    exceptional items [ 3 + 4 ]
670.77
552.06
1004.80
2033.40
3436.40
4668.78
6. Finance Costs
372.57
451.78
713.81
1252.29
2244.54
2979.21
7. Profit / (Loss) from ordinary activities after finance costs but before
    exceptional items [ 5 – 6 ]
298.20
100.28
290.99
781.11
1191.86
1689.57
8. Exceptional Items – Income – Net
4942.03
9. Profit / (Loss) from Ordinary Activities before Tax [ 7 + 8 ]
298.20
100.28
290.99
781.11
1191.86
6631.60
10.Tax Expense  – Net
30.00
15.00
(235.00)
90.00
(105.00)
990.00
11. Net Profit / (Loss) from Ordinary Activities After Tax [ 9 – 10 ]
268.20
85.28
525.99
691.11
1296.86
5641.60
12. Extraordinary Item  – (Net of Tax Expense)
13. Net Profit / (Loss) for the period [ 11- 12 ]
268.20
85.28
525.99
691.11
1296.86
5641.60
14.  Paid-up-Equity Share Capital (Face Value of Re. 1/- each)
900.00
900.00
900.00
900.00
900.00
900.00
15. Reserves excluding Revaluation Reserves as per balance sheet
      of previous accounting year
23399.89
16.  Earnings per share
        (of Re. 1/- each) (not annualised) :
        (a) Basic [13 / 14]
0.30
0.09
0.58
0.77
1.44
6.27
        (b) Diluted
0.28
0.09
0.58
0.73
1.42
6.18
SELECT INFORMATION FOR THE QUARTER ENDED 31ST DECEMBER, 2012
A. PARTICULARS OF SHAREHOLDING
(1)  Public share holding  : Number of Shares
5,79,06,054
5,79,06,054
5,79,06,054
5,79,06,054
5,79,06,054
5,79,06,054
                                               Percentage of share holding
64.34
64.34
64.34
64.34
64.34
64.34
(2)  Promoters and Promoter group share holding
    a) Pledged / Encumbered
        – Number of Shares
        – Percentage of shares (as a % of the total shareholding of promoter
           and promoter group)
        – Percentage of shares (as a% of the total share capital of the company)
     b) Non-encumbered
        – Number of Shares
3,20,93,946
3,20,93,946
3,20,93,946
3,20,93,946
3,20,93,946
3,20,93,946
        – Percentage of shares (as a% of the total shareholding of promoter
           and promoter group)
100.00
100.00
100.00
100.00
100.00
100.00
       – Percentage of shares (as a % of the total share capital of the company)
35.66
35.66
35.66
35.66
35.66
35.66
B. INVESTOR COMPLAINTS
     Pending at the beginning of the quarter
Nil
     Received during the quarter
3
     Disposed off during the quarter
3
     Remaining unresolved at the end of the quarter
Nil
Notes :
1. Previous Period’s figures have been regrouped wherever necessary to conform to the current period’s classification.
2. The Company’s Operations relate to one primary segment, Automotive Components.
3. The above results have been reviewed by the Audit Committee  and taken on record by the Board at its meeting held on 5th February, 2013.The Statutory Auditors have carried out a “Limited Review” of the above financial results.
4. Exchange Fluctuation for the Nine Months ended  31st December, 2012 represents Gain of Rs. 54.67 lakhs consequent to re-statement of foreign currency loans and export receivables as per Accounting Standard 11 and Loss  Rs. 432.23 lakhs consequent to actual settlements.
5.        Net Sales of  Rs. 61755.49 lakhs for the nine months ended 31st December 2012 does not include sales relating to business transferred to Joint Venture, Johnson Controls Pricol Private Limited at Pune, effective March 2012. The sales growth for the nine months ended 31st December 2012  is 2.67% over comparable figure of the corresponding period in the previous year.
Coimbatore
5th February, 2013
By order of the Board
VIJAY MOHAN
Chairman