Shriram Pistons & Rings Ltd.

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quarterly results

As at 31st December, 2009
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, 2009

( Figures in Million Rs.)
PARTICULARS Quarter Ended December Nine Month Ended December Year Ended March Consolidated for Year ended March
2009 2008 2009 2008 2009 2009
Reviewed Reviewed Reviewed Reviewed Audited Audited
1 a) Sales - Gross 1996 1519 5608 4863 6400 6400
- Less: Excise Duty 134 123 377 488 583 583
- Net Sales 1862 1396 5231 4375 5817 5817
b) Other Operating Income 20 21 49 50 88 88
Total Income 1882 1417 5280 4425 5905 5905
2 Expenditure
a) Increase/decrease in stock in trade and work in progress -29 151 -126 -134 -13 -13
b) Purchases of products for Assembly 98 76 291 230 302 302
c) Consumption of Raw Material 457 260 1230 1137 1390 1390
d) Consumption of Stores Spares 256 212 687 707 860 860
e) Employees Cost 284 234 810 701 936 936
f) Depreciation 135 122 403 359 490 490
g) Other Expenditure 353 323 1084 1022 1290 1290
TOTAL 1554 1378 4379 4022 5255 5255
3 Profit before Interest & Exceptional Items (1-2) 328 39 901 403 650 650
4 Interest 48 55 146 150 202 202
5 Profit after Interest but before Exceptional Items (3-4) 280 -16 755 253 448 448
6 Exceptional Items - - - - - -
7 Profit from Ordinary Activities before tax (5+6) 280 -16 755 253 448 448
8 Tax Expense
a) Current & Deferred Tax 92 -1 249 79 137 137
b) Fringe Benefit Tax 0 2 0 7 9 9
Total 92 1 249 86 146 146
9 Net Profit from Ordinary Activities after tax (7-8) 188 -17 506 167 302 302
10 Extraordinary Item - - - - - -
11 Net Profit for the period (9-10) 188 -17 506 167 302 302
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 2179
14 Earning per share (Basic/Diluted) (Rs.) 8.40 -0.73 22.60 7.47 13.51 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
- 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 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 has declared interim dividend to equity shareholders @ Rs.1.50 per share, amounting to Rs. 39.27 Million ( inclusive of dividend tax) at its meeting of 29.01.2010.

  5. The above results were approved by Audit committee at its meeting of 29.01.2010 and taken on record by Board at its meeting of 29.01.2010.

For and on behalf of the Board

Place: New Delhi
Date : 29.01.2010

(P.S. LADIWALA)
CHIEF FINANCIAL OFFICER

(A.K. TANEJA)
MANAGING DIRECTOR

 

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