Unaudited Financial Results for the Quarter Ended 30th June, 2014

Unaudited Financial Results for the Quarter Ended 30th June, 2014

Pricol Limited
Regd. Office:CPM Towers,109 Race Course, Coimbatore- 641 018
Unaudited Financial Results for the Quarter Ended 30th June, 2014

(in Lakhs)

Particulars
Standalone Financials
For the Three Months Ended For the year Ended
30-Jun-2014
31-Mar-2014
30-Jun-2013
31-Mar-2014
 
Unaudited
Audited
Unaudited
Audited
1. Income from Operations    
 
 
   (a)  Net Sales / Income from operations (Net of excise duty)    
21824.13
21378.76
19766.35
83024.30
   (b) Other Operating Income
1292.05
1150.63
1044.69
6090.53
   Total Income from Operations (net)  [ a + b ]
23116.18
22529.39
20811.04
89114.83
2. Expenses
    (a) Cost of Materials Consumed
14553.76
14070.94
13208.51
55083.31
    (b) (Increase) / Decrease  in inventories of finished goods
(73.56)
247.06
( 96.20)
424.48
    (c) (Increase) / Decrease  in inventories of Work in Progress (85.32)
15.17
( 45.76)
164.70
    (d) Purchases of stock-in-trade
1211.33
1066.66
974.67
4411.92
    (e) Employee Benefits Expense
3375.43
3315.20
3104.16
13165.05
    (f) Depreciation and amortisation expense
991.28
521.21
809.58
3066.46
    (g) Exchange Fluctuation (Gain) / Loss
78.04
65.68
(19.63)
185.59
    (h) Other Expenses
2243.72
2428.34
2222.52
9098.50
     Total Expenses
22294.68
21730.26
20157.85
85600.01
3. Profit / (Loss) from Operations before Other Income, finance costs and
      Exceptional Items [ 1 – 2 ]
821.50
799.13
653.19
3514.82
4. Other Income
     (a) Profit / (Loss) on Sale of Assets
14.76
13.41
123.57
     (b) Others
50.34
117.15
33.35
238.68
5. Profit / (Loss) from ordinary activities before finance costs and
    exceptional items [ 3 + 4 ]
871.84
931.04
699.95
3877.07
6. Finance Costs
136.12
144.12
176.73
651.96
7. Profit / (Loss) from ordinary activities after finance costs but before
    exceptional items [ 5 – 6 ]
735.72
786.92
523.22
3225.11
8. Exceptional Items – Income – Net
–  
5163.34
5163.34
9. Profit / (Loss) from Ordinary Activities before Tax [ 7 + 8 ]
735.72
786.92
5686.56
8388.45
10.Tax Expense  – Net
121.56
54.94
1269.99
1688.52

11. Net Profit / (Loss) from Ordinary Activities After Tax [ 9 –

10 ]

614.16

731.98
4416.57
6699.93
12. Extraordinary Item  – (Net of Tax Expense)
–  
–  
–  
–  
13. Net Profit / (Loss) for the period [ 11- 12 ]
614.16
731.98
4416.57
6699.93
14. Paid-up-Equity Share Capital (Face Value of 1/- each)
945.00
945.00
945.00
945.00
15. Reserves excluding Revaluation Reserves as per balance sheet
      of previous accounting year 
31133.20
16.  Earnings per share (of ` 1/- each) (not annualised) :
        (a) Basic [16 / 17]
0.65
0.77
4.86
7.16
        (b) Diluted
0.65
0.77
4.86
7.16
 
SELECT INFORMATION FOR THE QUARTER AND YEAR ENDED 30TH JUNE, 2013
A. PARTICULARS OF SHAREHOLDING
(1)  Public share holding  : Number of Shares 
5,65,28,304
5,79,96,054
5,79,96,054
5,79,96,054
Percentage of share holding
59.82
61.37
61.37
61.37
(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
3,79,71,696
3,65,03,946
3,65,03,946
3,65,03,946
        – Percentage of shares (as a% of the total shareholding of promoter 
           and promoter group)
100.00
100.00
100.00
100.00
       – Percentage of shares (as a % of the total share capital of the company)
40.18
38.63
38.63
38.63
B. INVESTOR COMPLAINTS
     Pending at the beginning of the quarter
Nil
     Received during the quarter
1
     Disposed off during the quarter
1
     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 figures for the quarter ended 31.03.2014 are the balancing figure between the audited figure in respect of the full year
ended 31.03.2014 and the year to date figures upto third third quarter of the financial year ended 31.03.2014
3.The Company’s Operations relate to one primary segment, Automotive Components.
4.The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 6th August, 2014.
    The Statutory Auditors have carried out a "Limited Review" of the above financial results.
5. The Board of Directors at their meeting on 24th January, 2014 approved a Scheme for Amalgamation of Xenos Automotive Limited with the Company, which will be given effect to after the General Body and Regulatory approvals. The appointed date for the amalgamation is 1st January, 2014.
6.Effective from 1st April, 2014, the Company has charged depreciation based on the revised remaining useful life of the assets as per the
requirement of Schedule II to the Companies Act, 2013. Consequently, the depreciation for the Quarter ended 30th June, 2014 is
higher by ` 254.380 lakhs. Further, based on transitional provision as per Note 7(b) of Schedule II, an amount of ` 339.280 lakhs
(Net of Deferred Tax) has been adjusted with Retained Earnings.
7.The Company has entered into a long term productivity linked Wage Settlement.

Coimbatore

By Order of the Board

6th August, 2014

VIKRAM MOHAN

Managing Director