Shriram Pistons & Rings Ltd.

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quarterly results

As at 30th June, 2010
SHRIRAM PISTONS & RINGS LTD.
Regd. Office: 23, Kasturba Gandhi Marg, New Delhi - 110 001
Unaudited Financial Results for the quarter ended June 30, 2010

(Amount in Million Rs.)
Particulars Quarter ended June Year ended March Consolidated for year ended March
    2010 2009 2010 2010
    Unaudited Unaudited Audited Audited
1 Income
a) Gross sales 2211 1633 7781 7781
- Less: Excise duty 186 117 535 535
- Net sales 2025 1516 7246 7246
b) Other operating income 19 11 91 91
Total income 2044 1527 7337 7337
2 Expenditure
a) Increase in stock in trade and work in progress (41) (88) (42) (42)
b) Purchases of products for assembly 111 82 391 391
c) Consumption of raw material 464 347 1685 1685
d) Consumption of stores and spares 251 202 957 957
e) Employees cost 315 254 1126 1126
f) Depreciation / Amortisation 135 132 541 541
g) Other expenditure 470 349 1458 1458
Total expenditure 1705 1278 6116 6116
3 Profit before interest & exceptional items (1-2) 339 249 1221 1221
4 Interest 47 50 191 191
5 Profit after Interest but before exceptional items (3-4) 292 199 1030 1030
6 Exceptional items - - - -
7 Profit from ordinary activities before tax (5+6) 292 199 1030 1030
8 Tax expense - current & deferred tax 96 66 341 341
9 Net profit from ordinary activities after tax (7-8) 196 133 689 689
10 Extraordinary item - - - -
11 Net profit for the period (9-10) 196 133 689 689
12 Paid up equity share capital
(Face value of share-Rs. 10 each)
224 224 224 224
13 Reserves excluding revaluation reserves     2790 2790
14 Earning per share (Basic/Diluted) (Rs.) 8.77 5.94 30.80 30.80
15 Public shareholding        
- Number of shares (Million/Nos.) 11.68 11.68 11.68 11.68
- Percentage of shareholding (%) 52.23 52.23 52.23 52.23
16 Promoters and promoter group shareholdings
a) Pledged / Encumbered
- Number of equity shares (Million/Nos.) - - -
b) Non-encumbered
- Number of shares (Million/Nos.) 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
- Percentage of shares
(as a % of the total share capital of the company.)
47.77 47.77 47.77 47.77
 

Notes: 

  1. Operations in subsidiary company are 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. The Company operates in single 'Business Segment' pertaining to manufacturing and selling of automotive components, as per the basis defined in Accounting Standard on 'Segment Reporting' (AS-17) isssued by the Institute of Chartered Accountants of India.
  4. Figures of previous periods have been regrouped, wherever necessary.
  5. The above results were approved by Audit committee at its meeting of 27.07.2010 and taken on record by Board of Directors at its meeting of 27.07.2010. These results have also been reviewed by the Statutory Auditors.

For and on behalf of the Board

Place: New Delhi
Date : 27.07.2010

(P.S. LADIWALA)
CHIEF FINANCIAL OFFICER

(A.K. TANEJA)
MANAGING DIRECTOR

 

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