Shriram Pistons & Rings Ltd.

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quarterly results

As at 31st December, 2008
SHRIRAM PISTONS & RINGS LTD.
Regd. Office: 23, Kasturba Gandhi Marg, New Delhi - 110 001
Unaudited Financial Results for the Quarter / Nine month ended 31st December, 2008

( Figures in Million Rs.)

PARTICULARS

Quarter ended December

Nine Month Ended December

Year Ended March

Consolidated for Year ended March

 

 

2008

2007 2008 2007 2008 2008

 

 

Reviewed

Reviewed Reviewed Reviewed Audited Audited
1

a) Sales - Gross

1519 1503 4863 4279 6038 6038

 

- Less: Excise Duty

123 166 488 500 696 696

 

- Net Sales

1396 1337 4375 3779 5342 5342
 

b) Other Operating Income

21 6 49 48 125 125
  Total Income 1417 1343 4424 3827 5467 5467
2

Expenditure

           

 

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

151 -33 -134 -191 -164 -164

 

b) Purchases of products for Assembly

76 50 230 176 230 230

 

c) Consumption of Raw Material

260 323 1137 991 1379 1379

 

d) Consumption of Stores Spares

212 168 706 532 742 742

 

e) Employees Cost

234 218 701 607 833 833

 

f) Depreciation

122 111 359 316 446 446
  g) Other Expenditure 323 293 1022 860 1208 1208

 

TOTAL

1378 1130 4021 3291 4674 4674
3

Profit before Interest & Exceptional Items (1-2)

39 213 403 536 793 793
4 Interest 55 44 150 124 166

 

166
5

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

-16 169 253 412 627 627
6 Exceptional Items - - - - - -
7

Profit from Ordinary Activities before tax (5+6)

           

8

Tax Expense

           
  a) Current & Deferred Tax -1 52 79 130 206 206
  b) Fringe Benefit Tax 2 2 7 6 8 8
  Total 1 54 86 136 214 214

9

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

-17 115 167 276 413 413

10

Extraordinary Item

- - - - - -

11

Net Profit for the period (9-10)

-17 115 167 276 413 413
12

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

224 224 224 224 224 224
13

Reserves excluding revaluation Reserves

        1928  
14

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

-0.73 5.12 7.47 12.32 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 27.01.2009 and taken on record by Board at its meeting of 27.01.2009.

Place: New Delhi
Date : 27.01.2009

(P.S. LADIWALA)
CHIEF FINANCIAL OFFICER

(DEEPAK SHRIRAM)
Sr. VICE CHAIRMAN &
MANAGING DIRECTOR

 

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