Unaudited Financial Results for the quarter ended 30th
September, 2005.
(Rupees in Lacs)
Particulars
Quarter
ended
Quarter
ended (Unaudited)
15-months period ended (Audited)
30.09.2005
30.09.2004
30.06.2005
1
Net sales/Income
from Operations
12175
24307
104864
2
Other
Income
282
263
20650
3
Total
Expenditure
a)
Consumption of raw materials
9446
16629
69744
b)
Increase/Decrease in Stock
(99)
240
1720
c)
Staff Cost
1707
2668
13531
d) Prior Period Items
-
-
3045
e)
Other Expenditure
2229
3880
17248
13283
23417
105288
4
Interest
306
623
4834
5
Depreciation
598
1027
5105
6
Profit (+) / Loss (-) before Tax (1 + 2 - 3
- 4 - 5)
-1730
-497
10287
7
Provision
for Tax
a) Current Tax (See note 3 below)
-
-
(3)
b) Deferred Tax
-
-
4129
c)
Wealth Tax
-
2
11
d) Fringe Benefit Tax
17
-
30
8
Net
Profit/Loss(-) (6 - 7)
-1747
-499
6120
9
Paid
up equity share capital* (Face Value=Rs10)
16117
16117
16117
10
Reserves
(excl. revaluation reserves)
448
11
Basic/Diluted
earnings per share (Rs.)
-1.08
-0.31
3.80
12
Aggregate
of non promoter shareholding
-
No of shares
114027969
113925428
113939973
-Percentage
of shareholding
70.75%
70.69%
70.69%
*
Excluding amount paid in respect of forfeited shares
Notes:
The above results have been reviewed by the Audit
Committee and taken on record by the Board of Directors at
their respective meetings held on 26th October, 2005.
The figures for the corresponding quarter in the
previous year, being inclusive of Power Unit Plant and Power
Products Division, which have been sold to AVTEC Limited on
28th June 2005, are not comparable with the current quarter
figures.
Tax liability for the six months period upto 30th
September 2005 will be determined and provided for at the
end of the year.
As in the past, the company has not provided against
certain doubtful debts, claims and advances, as it is
hopeful of recovering these amounts. The above matter was
referred to by the auditors in their report for the period
ended 30th June 2005.
Prior period figures have been re-grouped/rearranged,
wherever necessary.
Number of Investor complaints :
i) Pending at the beginning of this quarter – 8,
ii) Received during the quarter – 53,
iii) Disposed off during the quarter – 53,
iv) Lying unresolved at the end of the quarter – 8 (since
resolved).
Segment-wise Revenue, Results and Capital Employed
(Rupees in Lacs)
Particulars
Quarter
ended
15-months period ended (Audited)
30.09.2005
30.09.2004
(unaudited)
30.06.2005
1
Segment
Revenue (Net Sales)
a)
Automobiles
12168
21031
89294
b)
Automatic Transmissions
-
3244
15479
c)
Others
7
32
91
Total
12175
24307
104864
Less:
Inter Segment Revenue
0
0
0
Total
Net sales/ income from operations
12175
24307
104864
2
Segment
Results
Profit/Loss(-)
before Interest and Taxes
a)
Automobiles
-1381
-704
3103
b)
Automatic Transmissions
-
870
8436
c)
Others
-43
-25
-155
TOTAL
-1424
141
11384
Less:
Interest
306
623
4834
Less:
Unallocable Expenses
Net
of Unallocable income
-
15
-3737
Profit/loss(-)
before Tax
-1730
-497
10287
3
Capital
Employed in the reportable segments
(As
at the end of the period)
a)
Automobiles
18274
30251
23517
b)
Automatic Transmissions
-
6610
-
c)
Others
137
168
288
Capital
Employed in reportable segments
18411
37029
23805
The products covered in the reportable business segments are as follows: -
