Shriram Pistons & Rings Ltd.

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quarterly results

As at 31st March, 2010
SHRIRAM PISTONS & RINGS LTD.
Regd. Office: 23, Kasturba Gandhi Marg, New Delhi - 110 001
Audited Financial Results for the year ended 31st March, 2010

( Figures in Million Rs.)
PARTICULARS Year Ended March Quarter Ended March Consolidated for Year ended March
    2010 2009 2010 2009 2010 2009
    Audited Audited Unaudited Unaudited Audited Audited
1 a) Sales - Gross 7739 6400 2131 1537 7739 6400
- Less: Excise Duty 535 583 158 95 535 583
- Net Sales 7204 5817 1973 1442 7204 5817
b) Other Operating Income 91 88 42 38 91 88
Total Income 7295 5905 2015 1480 7295 5905
2 Expenditure
a) Increase/decrease in stock in trade and work in progress -42 -13 84 121 -42 -13
b) Purchases of products for Assembly 391 302 100 72 391 302
c) Consumption of Raw Material 1685 1390 455 253 1685 1390
d) Consumption of Stores Spares 957 860 270 153 957 860
e) Employees Cost 1126 936 316 235 1126 936
f) Depreciation 541 490 138 131 541 490
g) Other Expenditure 1416 1290 332 268 1416 1290
TOTAL 6074 5255 1695 1233 6074 5255
3 Profit before Interest & Exceptional Items (1-2) 1221 650 320 247 1221 650
4 Interest 191 202 45 52 191 202
5 Profit after Interest but before Exceptional Items (3-4) 1030 448 275 195 1030 448
6 Exceptional Items - - - - - -
7 Profit from Ordinary Activities before tax (5+6) 1030 448 275 195 1030 448
8 Tax Expense
a) Current & Deferred Tax 341 137 92 58 341 137
b) Fringe Benefit Tax 0 9 0 2 0 9
Total 341 146 92 60 341 146
9 Net Profit from Ordinary Activities after tax (7-8) 689 302 183 135 689 302
10 Extraordinary Item - - - - - -
11 Net Profit for the period (9-10) 689 302 183 135 689 302
12 Paid up Equity Share Capital
(Face value of share-Rs. 10 each)
224 224 224 224 224 224
13 Reserves excluding revaluation Reserves 2179 1928
14 Earning per share (Basic/Diluted) (Rs.) 30.80 13.51 8.20 6.04 30.80 13.51
15 Public shareholding
- Number of shares (Million/Nos.) 11.68 11.68 11.68 11.68 11.68 11.68
- Percentage of Shareholding (%) 52.23 52.23 52.23 52.23 52.23 52.23
16 Promoters and promoter group Shareholdings
a) Pledged / Encumbered
- Number of shares (Million/Nos.) - - - - - -
b) Non-encumbered
- Number of shares (Million/Nos.) 10.69 10.69 10.69 10.69 10.69 10.69
- Percentage of shares
(as a % of the total shareholding of promoter & promoter group)
100 100 100 100 100 100
- Percentage of Shares
(as a % of the total share capital of the company.)
47.77 47.77 47.77 47.77 47.77 47.77
 

Notes: 

  1. 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.

  2. No investor complaints were received during the above quarter. Also there were no investor complaints pending at the beginning/close of the quarter.
  3. Figures of previous periods have been regrouped wherever necessary.
  4. The Board of Directors have recommended a final dividend of Rs. 1.50 per equity Share (Rs. 39.13 Million inclusive of dividend tax ) for the financial year 2009-10, which is in addition to the interim dividend of Rs. 1.50 per equity share (Rs. 39.27 Million inclusive of dividend tax) already paid.
  5. The above results were approved by Audit committee at its meeting of 30.04.2010 and taken on record by Board at its meeting of 30.04.2010.

For and on behalf of the Board

Place: New Delhi
Date : 30.04.2010

(P.S. LADIWALA)
CHIEF FINANCIAL OFFICER

(A.K. TANEJA)
MANAGING DIRECTOR

 

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