Unaudited Financial Results for the quarter ended 30th September 2007

Unaudited Financial Results for the quarter ended 30th September 2007

Pricol Limited  Regd. Office:702/7  Avanashi Road, Coimbatore– 641 037 UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND HALF YEAR ENDED 30TH SEPTEMBER 2007  (Rs. in Million)
Particulars For the ThreeMonths Ended For the SixMonths Ended Year Ended
30.09.2007 30.09.2006 30.09.2007 30.09.2006 31.03.2007
(a)  Income from Sales & Services 1438.347 1468.485 2941.041 2798.249 5833.831
(b)  Other Income 21.251 5.974 30.653 12.538 28.437
(c) Total Income (a+b) 1459.598 1474.459 2971.694 2810.787 5862.268
(d) Expenditure
    (1) (Increase) / Decrease in   Stock in Trade & Work In Progress (15.419) 4.737 (183.561) (45.869) (14.446)
    (2) Consumption of  Raw   Materials & Components 899.156 864.851 1925.999 1668.612 3469.809
    (3) Employees’  Cost 236.155 221.110

447.815

430.308 870.259
    (4) Depreciation 80.974 74.589 161.059 147.687 295.924
    (5) Other Expenditure 217.066 173.780 395.201 327.720 661.699
    (6) Cost of In-house manufactured Machines &        Tools  Capitalised (33.929) (20.289) (42.826) (42.542) 109.585
     Total Expenditure 1384.003 1318.778 2703.687 2485.916 5173.660
(e)  Interest 72.700 43.146 135.785 77.156 180.481
(f) Profit before  Tax (c-d-e) 2.895 112.535 132.222 247.715 508.127
(g) Provision for:
                    Current Taxation 0.753 34.000 38.753 81.000 160.000
                    Fringe Benefit Tax 1.150 1.212 2.350  2.438 6.000
                     Deferred Tax (6.000) (4.000) (11.000) (13.000) (20.000)
(h) Net Profit [f – g] 6.992 81.323 102.119 177.277 362.127
(i) Paid-up-Equity Share Capital
    (Face Value of Re 1/- each) 90.000 90.000 90.000 90.000 90.000
(j) Reserves excluding   revaluation  reserve 1650.895
(k) Basic & Diluted Earnings Per  Share (Rs.) (not annualised) [h / i ] 0.08 0.90 1.13 1.97 4.02
(l)Public Share Holding:
      Number of shares 57,756,535 57,864,580 57,756,535 57,864,580 57,762,129
      Percentage of share holding 64.17 64.29 64.17 64.29 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.All illegal strike by a section of workers at Coimbatore Plants during previous quarters has ended.However, it has affected the planned business growth,sales & profits of the quarter ended 30th September, 2007.
4.Profit Before Tax is inclusive of Treasury Income & Foreign Exchange gain (Net) of Rs.22.773 Million for the quarter ended 30th September,2007 and Rs.75.990 Million for the half year ended 30th September, 2007.5.The above results have been reviewed by the Audit Committee and taken on record by the Board at its meeting held on 30th October, 2007. The statutory auditors have carried out a “Limited Review” of the above financial results.
6.The additional liability consequent to application of revised Accounting Standard 15 (AS 15) regarding retirement benefits to employees, is being ascertained by the company and the necessary adjustments will be done at the year end. 7. Investors’ Complaints Pending as at the beginning of the quarter – Nil, Received during the             quarter-14, Disposed off during the quarter-14, Pending at the end of the quarter – Nil.
Coimbatore
30-10-2007
By Order of the Board
VIJAY MOHAN
Chairman & Managing Director