Shriram Pistons & Rings Ltd.

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quarterly results

As at 30th September, 2008
SHRIRAM PISTONS & RINGS LTD.
Regd. Office: 23, Kasturba Gandhi Marg, New Delhi - 110 001
Unaudited Financial Results for the Quarter / half year ended 30th September, 2008

( Figures in Million Rs.)

PARTICULARS

Quarter ended September

Half Year Ended September

Year Ended March

Consolidated for Year ended March

 

 

2008

2007 2008 2007 2008 2008

 

 

Reviewed

Reviewed Reviewed Reviewed Audited Audited
1

a) Sales - Gross

1711 1455 3344 2776 6038 6038

 

- Less: Excise Duty

182 166 365 334 696 696

 

- Net Sales

1529 1289 2979 2442 5342 5342
 

b) Other Operating Income

13 34 28 42 125 125
  Total Income 1542 1323 3007 2484 5467 5467
2

Expenditure

           

 

a) Increase/decrease in stock in trade and work in progress

-147 -40 -285 -158 -164 -164

 

b) Purchases of products for Assembly

73 80 154 126 230 230

 

c) Consumption of Raw Material

448 309 877 668 1379 1379

 

d) Consumption of Stores Spares

276 183 494 364 742 742

 

e) Employees Cost

244 204 467 389 833 833

 

f) Depreciation

121 108 237 205 446 446
  g) Other Expenditure 363 295 699 567 1208 1208

 

TOTAL

1378 1139 2643 2161 4674 4674
3

Profit before Interest & Exceptional Items (1-2)

164 184 364 323 793 793
4 Interest 49 42 95 80 166 166
5

Profit after Interest but before Exceptional Items (3-4)

115 142 269 243 627 627
6 Exceptional Items - - - - - -
7

Profit from Ordinary Activities before tax (5+6)

115

142

269

243 627 627

8

Tax Expense

32 49 85 82 214 214

9

Net Profit from Ordinary Activities after tax (7-8)

83 93 184 161 413 413

10

Extraordinary Item

- - - - - -

11

Net Profit for the period (9-10)

83 93 184 161 413 413
12

Paid up Equity Share Capital (Face value of share-Rs. 10 each)

224 224 224 224 224 224
13

Reserves excluding revaluation Reserves

        1961  
14

Earning per share (Basic/Diluted) (Rs.)

3.67 4.15 8.20 7.20 18.45 18.45
15

Public shareholding

           

 

- Number of shares (Million/Nos.)

 11.69 11.69 11.69 11.69 11.69 11.69

 

- Percentage of Shareholding (%)

52.23 52.23 52.23 52.23 52.23 52.23
 

Notes: 

  1. Derivative contracts outstanding at the period end are valued on "marked to market" basis and provision is made for anticipated loss except for contracts taken for hedging highly probable forecast transactions relating to future exports/imports to be settled before the end of current financial year, in which case exchange rate variation will be charged to profit & loss account when underlying transaction takes place.

  2. Operations in subsidiary company is insignificant. Consolidated financial results in terms of Net Sales, Net Profit and EPS remains same, as mentioned above for stand alone operations of the company.

  3. No investor complaints were received during the above quarter. Also there were no investor complaints pending at the beginning/close of the quarter.

  4. Figures of previous periods have been regrouped wherever necessary.

  5. The above results were approved by Audit committee at its meeting of 30.10.2008 and taken on record by Board at its meeting of 30.10.2008.

Place: New Delhi
Date : 30.10.2008

(P.S. LADIWALA)
CHIEF FINANCIAL OFFICER

(DEEPAK SHRIRAM)
Sr. VICE CHAIRMAN &
MANAGING DIRECTOR

 

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