Unaudited Financial Results for the quarter ended 30th June 2008

Unaudited Financial Results for the quarter ended 30th June 2008

Pricol Limited
Regd. Office: 702 /

7  Avanashi Road , Coimbatore – 641 037
Unaudited Financial Results for the Quarter Ended

30th June 2008
(Rs. in Lakhs)
Particulars For the
Three Months Ended
For the Year ended
30.06.2008 30.06.2007 31.03.2008
Unaudited Audited
(a) Net Sales/ Income from operations 16374.07 15026.94 60646.25
(b)  Other Income 103.89 94.02 694.07
(c) Total Income (a+b) 16477.96 15120.96 61340.32
d) Expenditure
(1) (Increase) / Decrease in Stock in Trade (25.31) (1103.18) (2387.39)
    (2) (Increase) / Decrease  in Work in Progress 381.05 (578.24) (1214.42)
(3) Consumption of  Raw  Materials & Components 10002.54 10268.43 40246.68
(4) Employees Cost 2340.02 2116.60 8966.36
(5)Depreciation 857.71 800.85 3271.90
(6) Other Expenditure 2237.49 2259.75 8925.35
(7) Cost of In-house manufactured  Machines & Tools Capitalised (338.50) (88.97) (1294.30)
Total Expenditure 15455.00 13675.24 56514.18
(e)  Interest 779.86 630.85 2870.03
(f) Profit  before Exchange Fluctuation & Tax (c – d – e ) 243.10 814.87 1956.11
(g) Exchange Fluctuation Gain / (Loss)

(571.06)
478.40 227.15
(h) Profit / (Loss) from Ordinary Activities before Tax [ f – g ] (327.96) 1293.27 2183.26
(i)Provision for:
Current Taxation _ 380.00 500.00
     Fringe Benefit      Tax 13.20 12.00 75.00
     Deferred Tax (60.00) (50.00) (300.00)
(j)  Net Profit / (Loss )  [ h – i ] (281.16) 951.27 1908.26
(k)  Paid-up-Equity Share Capital (Face Value of Re. 1/- each) 900.00 900.00 900.00
(l) Reserves excluding revaluation reserves 17785.44
(m) Basic and diluted Earnings Per Share  (Rs.) (not annualised) [j/k] (0.31) 1.06 2.12
(n)  Public share holding  : Number of Shares 5,77,56,535 5,77,56,535 5,77,56,535
Percentage of share holding 64.17 64.17 64.17
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, Automotive Components .
3. The loss of market share due to illegal strike during last year has not been fully regained. Steep increase in raw  material prices has affected the profits for the quarter ended
30th June, 2008.
4. The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on
31st July, 2008
.  The statutory auditors have carried out a “Limited Review” of the above financial results.
5. Investors’ Complaints : Pending as at the beginning  of the quarter – Nil,  Received  during the quarter- 4, Disposed off during the quarter – 4, Pending at the end of the quarter – Nil.
6.  Exchange Fluctuation Loss includes Rs. 431.70 lakhs on account of Re-statement of Foreign Currency Loans and Export Receivables as per Accounting Standard 11.
Coimbatore
31-07-2008
By Order of the Board
VIJAY MOHAN
Chairman & Managing Director