Shriram Pistons & Rings Ltd.

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quarterly results

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

( Figures in Million Rs.)

PARTICULARS

Quarter ended June

Year Ended March

Consolidated for Year ended March

 

 

2008

2007 2008 2008

 

 

Reviewed

Reviewed Audited Audited
1

Sales - Gross

1633

1321 6038 6038

 

- Less: Excise Duty

183

168 696 696

 

- Net Sales

1450

1153 5342 5342
2

Other Income

15

8 125 125
3

Expenditure

 

 

 

 

 

i) Stock variation

-138

-118 -164 -164

 

ii) Purchases of products for Assembly

81

46 230 230

 

iii) Consumption 
- Raw Material

429

359 1379 1379

 

- Stores Spares

218

181 742 742

 

iv) Personnel Cost

223

185 833 833

 

v) Others Expenditure

336

272 1208 1208

 

TOTAL

1149

925 4228 4228
4

Interest

46

38 166 166
5

Profit before Dep. & Tax

270

198 1073 1073
6

Depreciation

116

97 446 446
7

Profit before tax

154

101 627 627
8

Provision for Taxation

 

 

 

 

 

i) Current - IncomeTax

57

35 180 180

 

- Fringe Benefit Tax

3

1 8 8

 

ii) Deferred Tax

-7

-3 26 26

 

TOTAL

53

33 214 214
9

Net Profit

101

68 413 413
10

Paid up Equity Share Capital

224

224 224 224

 

(Face value of share-Rs. 10 each)

 

 

 

 

11

Reserves excluding revaluation Reserves

 

 

1961

 

12

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

4.53

3.05 18.45 18.45
13

Aggregate of Non-promoters shareholding

 

 

 

 

 

- Number of shares (Million/Nos.)

11.69

11.69 11.69 11.69

 

- Percentage of Shareholding (%)

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 26.07.2008 and taken on record by Board at its meeting of 26.07.2008.

Place: New Delhi
Date : 26.07.2008

(P.S. LADIWALA)
CHIEF FINANCIAL OFFICER

(DEEPAK SHRIRAM)
Sr. VICE CHAIRMAN &
MANAGING DIRECTOR

 

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