Particulars

Quarter ended

Year ended

30.06.2006

30.06.2005

31.03.2006

(Unaudited)

(Unaudited)

(Audited)

1.

Gross sales including Excise duty / Income from operations

413.55

410.90

1584.18

Less : Excise duty

32.03

32.71

123.24

Net Sales / Income from operations

381.52

378.19

1460.94

2.

Other Income (Note2)

72.46

1.03

134.07

Total Revenue

453.98

379.22

1595.01

3.

Total Expenditure

a) Increase in Stock in trade

(23.43)

(8.30)

(21.87)

b) Consumption of Raw Materials

243.71

238.53

888.92

c) Staff Cost

28.65

22.96

97.31

d) Other Expenditure

89.60

80.35

323.28

Total Expenditure

338.53

333.54

1287.64

Profit before Interest, Depreciation and Tax

115.45

45.68

307.37

4.

Interest

3.07

3.11

13.18

5.

Depreciation

13.73

11.43

48.56

6.

Net Profit before tax

98.65

31.14

245.63

7.

Provision for Taxation

9.86

6.43

47.50

- Deferred Tax 

(1.05)

0.78

8.79

- Fringe Benefit Tax

0.38

0.52

2.79

8.

Net Profit

89.46

23.41

182.93

9.

Paid-up equity share capital
( Face Value Per Equity Share of Rs.2 (Previous Periods Rs. 10) - Note 4)

36.95

36.95

36.95

10.

Reserves and surplus

495.15

11.

Basic and Diluted Earnings Per Share (in Rs.) - Not Annualised

6.34

49.50

4.84

1.27

9.90

1. 

The above results have been reviewed by the Audit Committee and approved by the Board of Directors at its meeting held on 28th July, 2006. The above results have been subjected to a Limited Review by the Statutory Auditors of the Company.

2.

3.

Pursuant to the Accounting Standard (AS) 15 (Revised 2005) on "Employee Benefits" issued by the Institute of Chartered Accountants of India becoming mandatory with effect from 1st April, 2006, an additional sum of Rs. 0.59 Cr. for the quarter ended 30th June 2006 has been charged under Staff Cost.

4.

Effective 8th June 2006, One (1) Equity Share of Rs. 10 each has been sub-divided into Five (5) Equity Shares of Rs. 2 each. Hence, the Earnings per Share for the previous periods has been restated based on the Face Value Per Equity Share of Rs. 2 for comparability.

5.

A wholly owned Subsidiary, "Tubular Precision Products (Suzhou) Co., Ltd." has been incorporated in China on 28th June 2006.

6.

The Company has decided not to pursue the proposed steel project in Orissa.

7.

During the quarter, 7 investor complaints were received and resolved. There was no complaint pending both at the beginning and end of the quarter.

8.

Previous periods' figures have been regrouped where necessary.