Unaudited Financial Results for the quarter ended 30th June 2007

Unaudited Financial Results for the quarter ended 30th June 2007

Pricol Limited
Regd. Office:
702/7  Avanashi Road
,
Coimbatore
– 641 037
UNAUDITED FINANCIAL RESULTS FOR THE QUARTER ENDED
30TH JUNE 2007
 
(Rs. in Million)
Particulars For the Three Months Ended For the Year Ended
30.06.2007 30.06.2006 31.03.2007
  (Reviewed) (Reviewed) (Audited)
(a)  Income from Sales & Services 1502.694
9.402
1329.764
6.564
5833.831
28.437
(b)  Other Income
(c) Total Income (a+b) 1512.096 1336.328 5862.268
(d) Expenditure
    (1) (Increase) / Decrease in Stock in
          Trade
(110.318) (46.331) 6.852
    (2) Consumption of  Raw Materials &
         Components
969.019 799.486 3448.511
    (3) Employees’  Cost 211.660 209.198 870.259
    (4) Other Expenditure 178.135 153.941 661.699
    (5) Cost of In-house manufactured   
          Machines & Tools Capitalised
(8.897) (22.253)                    (109.585)
Total Expenditure 1239.599 1094.041 4877.736
(e)  Interest 63.085 34.010 180.481
(f)  Depreciation 80.085 73.098 295.924
(g) Profit before  Tax (c-d-e-f) 129.327 135.179 508.127
(h) Provision for
                     Current Taxation
38.000 47.000 160.000
                     Fringe Benefit Tax 1.200 1.226 6.000
                     Deferred Tax                      (5.000) (9.000)                      (20.000)
(i) Net Profit 95.127 95.953 362.127
(j)  Paid-up-Equity Share Capital
     (Face Value of Re 1/- each)
90.000 90.000 90.000
(k) Reserves excluding revaluation
     reserve
    1650.895
(l) Basic & Diluted Earnings Per Share
       (Rs.)(i/j)
1.06 1.07  4.02
(m) Aggregate of Public Shareholding
       (in Nos.)
57,756,535 58,195,140 57,762,129
     Percentage of holding 64.17 64.66 64.18
 
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 workers at Coimbatore Plants during the quarter has affected the planned business growth, sales and profits for the quarter ended
30th June 2007

.
4. Profit Before Tax is inclusive of Foreign Exchange gain of Rs.47.840 Million
5. The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on
31st July, 2007
. The Statutory Auditors have carried out a “Limited Review” of the above financial results.
6. The additional liability, if any, consequent to application to revised Accounting Standard 15 (AS 15) regarding retirement  benefits  to employees, is being ascertained by the company and the necessary adjustment will be carried out during the course  of the financial year.
 7. Investors’ complaints: Pending as at the beginning and end of the quarter – Nil,   Received during the quarter – 5, Disposed off during the quarter – 5.
Coimbatore

31-07-2007
 
By order of the Board
VIJAY MOHAN
Chairman & Managing Director